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    FCC on Broadband Regulation: "No, Wait, It Is a Duck After All"

    The Federal Communications Commission is nothing if not persistant. Exactly one month ago today, a federal appeals court unanimously ruled that the FCC had no authority to regulate the Internet. But yesterday, FCC chairman Julius Genachowski announced the agency would try to do so anyway. Specifically, Genachowski wants to put … More

    More Auto Regulations Coming?

    The aftermath of the unintended acceleration hearings involving Toyota is moving to the front burner again as lawmakers are proposing legislation that would increase auto safety regulations to address all potential sources of unintended acceleration. The bill would also increase the budget of the National Highway Traffic Safety Administration (NHTSA) … More

    Guest Blogger: Rep. Ed Royce (R-CA) on Financial Regulatory Reform

    As the Senate moves closer to another cloture vote on Senator Dodd’s legislation, we are again reminded of the several flaws found in the Dodd-Frank approach to financial regulatory reform. Beginning with the rescue of investment bank Bear Stearns in the spring of 2008, the Federal government has committed trillions … More

    How Bad is the Lincoln Derivatives Bill?

    It makes a future market melt-down more likely. Today the Senate takes up Senator Blanche Lincoln’s amendment to regulate over-the-counter derivatives. The Lincoln bill is very, very bad, but don’t take out word for it, ask the Federal Reserve. Fed Staffers released a four page, seven point critique saying the … More

    The Bill Is Still Flawed

    The latest word today is that the GOP is standing down from its standoff over the Senate’s financial-regulation bill. Specifically, word is that Republican leaders will now let the bill proceed to the floor, having received assurances that provisions for creditor bailouts will be removed. That’s not an insignificant improvement, … More

    In the Dodd Bill, "Bank" Could Mean Anyone

    The Dodd financial reform bill is beginning to scare executives. However, it is not necessarily scaring bankers or Wall Street fat cats. It is scaring motor cycle manufacturers, college presidents, retailers, car dealers, and even coffee shop executives. All of these people and more are waking up to the Dodd … More

    A Special Delivery for UPS That Could Change FedEx Overnight

    Special interest handouts are not a pretty sight. Perhaps that is why lawmakers buried their latest one inside the bill reauthorizing the Federal Aviation Administration. Unfortunately putting handouts out of sight does not make them any better for the economy. At issue is the fierce competition between FedEx and the … More

    50% More Bureaucrats = Government “Cost Savings” for Financial Derivatives Reform

    Sponsors of derivatives “reform” legislation claim it will reduce costs to derivatives users. Just how more government regulation is supposed to reduce costs in the private sector has never been exactly clear, but discussion at Wednesday’s Senate Agriculture Committee mark-up of derivatives reform legislation revealed that the “reform” will cost … More

    President Obama Threatens Veto on Financial Regs for Wrong Reasons

    So now President Obama is threatening to veto financial reform legislation Democratic leaders in Congress are working to pass if it is not tough enough on derivatives. There is really no disagreement between Obama and Congressional Democrats on the issue, just a bizarre attempt to make non-news. Obama is in … More

    Could New EPA Requirements Cause Headaches for Automakers?

    The taxpayer-funded auto bailout was largely the result of a number of poor decisions made by General Motors and Chrysler. Along with the excessively high labor and legacy costs, Detroit’s dependence on big, non-fuel-efficient vehicles was its own doing and at one time, was a very profitable strategy. Detroit struggled … More