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A Swine Flu Vaccine, Rising Unemployment and Limits on Executive Pay

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A Swine Flu Vaccine, Rising Unemployment and Limits on Executive Pay

The federal government launches a swine flu vaccine campaign.

Alan Greenspan predicts increased economic growth, but also rising unemployment.

The White House moves to limit the salaries and bonuses of banking CEOs.

Listen to LibertyWeek, the CEI podcast, here.

1. HEALTH

The federal government launches a swine flu vaccine campaign.

CEI Expert Available to Comment: Adjunct Analyst Michael Fumento on how flu concerns can become hysteria:

“FluView reports that the percentage of samples testing positive for swine flu from the sentinel system of laboratories is down slightly from last week, at 22.8 percent. Another way of looking at it is that only about a fifth of the samples that even doctors (much less scared patients) suspect may show swine flu do not show influenza of any type. That’s one indicator of hysteria. Another is that despite all the indications that there were fewer new flu cases, the percentage of visits to emergency rooms and outpatient clinics by people worried they have the flu – and worried enough to seek medical attention – is incredibly high.”

 

2. BUSINESS

Alan Greenspan predicts increased economic growth, but also rising unemployment.

CEI Expert Available to Comment: Director of the Center for Entrepreneurs John Berlau and Energy Policy Analyst William Yeatman on how to stimulate job growth:

“Lawmakers also should consider deregulatory measures like the ‘No Cost Stimulus’ bill introduced by Sen. David Vitter. This legislation would create an estimated 3 million new jobs by opening closed areas of the Outer Continental Shelf for oil and gas exploration, and streamlining the licensing of nuclear power plants. This also would create royalty revenues for the government that the bill directs to a new trust fund that can promote renewable energy.”

 

3. FINANCE

The White House moves to limit the salaries and bonuses of banking CEOs.

CEI Expert Available to Comment: Policy Analyst Alex Nowrasteh on why the government shouldn’t limit executive compensation:

“Bank shareholders should decide their own bank CEO compensation schemes based on their unique situations, not government mandates. The conspiratorial notion that most bank CEOs purposely led their companies off a financial cliff for personal profit is flatly contradicted by the facts. Economic fantasy is no substitute for economic reality in these tough times.”

 

Listen to LibertyWeek, the CEI podcast, here.