Finance, Trade and Toyota

Sen. Chris Dodd has introduced a new financial reform bill.

U.S. Sugar is lobbying to keep government restrictions on sugar imports.

The Washington Post’s coverage of the runaway Toyota story fails to mention that objective sources—not just Toyota representatives—are proving James Sikes wrong.

1. FINANCE

Sen. Chris Dodd has introduced a new financial reform bill.

CEI Expert Available to Comment: Director of the Center for Investors and Entrepreneurs John Berlau on what’s wrong with Dodd’s bill.

“Dodd’s bill would do nothing to put restrictions on two entities that were proximate causes of the housing bubble, the government-sponsored Fannie Mae and Freddie Mac, and instead would hit Main Street businesses and entrepreneurial firms that had nothing to do with the crisis.”

2. TRADE

U.S. Sugar is lobbying to keep government restrictions on sugar imports.

CEI Expert Available to Comment: Adjunct Scholar Fran Smith on why the sugar quota program needs to end.

“The  centrally controlled program results in U.S. sugar prices usually double the world price, which means consumers pay more for many products, and sweetener-using companies look for opportunities in other countries where their sugar costs are less.”

3. TRANSPORTATION

The Washington Post’s coverage of the runaway Toyota story fails to mention that objective sources—not just Toyota representatives—are proving James Sikes wrong.

CEI Expert Available to Comment: Adjunct Scholar Michael Fumento on how the media is dropping the ball on the Sikes story.

“The Post also says that a Toyota representative said ‘that Sikes was told by the 911 operator to put his Prius into neutral and turn off the ignition.’ Either the operator did or she didn’t. Why is this attributed to Toyota? Again, you can find that 911 call all over the Web and a link to it in my piece.”