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    Feds Target Yard Sales

    Thinking of having a fall yard sale to clean out some of the clutter from your house? Be careful, or it could get you in trouble with the Feds, and cost you up to $15 million in fines. Its no joke: the Consumer Product Safety Commission has launched a new … More

    What Next? Two-Ply Need Not Apply

    First they came for your car. Then for your cheeseburger. Now those crazy environmentalists want to control how you wipe. No really. The Washington Post reports: There is a battle for America’s behinds. It is a fight over toilet paper: the kind that is blanket-fluffy and getting fluffier so fast … More

    Good Czar, Bad Czar: Cass Sunstein and the Future of OIRA

    It’s perhaps the most important job no one has ever heard of. Yesterday, Harvard professor Cass Sunstein was confirmed by the Senate as the administrator of the White House Office of Information and Regulatory Affairs, otherwise known as the nation’s “regulatory czar.” Nowadays, the mere mention of a czar tends … More

    The FCC's First Target: Wireless Phones

    Don’t look now, but the FCC is back in business. For some nine months the Federal Communications Commission had been operating with no permanent chairman, and with 3 of its 5 commissioner seats vacant. Now, with the confirmation of new chairman Julius Genachowski, and new commissioners Mignon Clyburn and Meredith … More

    Market Beats Government: Cell Phone Edition

    This month, Senator Herb Kohl (D-WI) sent a letter to the Chairman of the FCC and the head of the Justice Department’s antitrust division, asking them to investigate cell phone exclusivity agreements. Exclusivity agreements are arrangements between cell phone makers and service providers to allow one carrier the exclusive rights … More

    Cheerios: Available at a Pharmacy Near You?

    Should Cheerios be regulated as a drug? That’s what the FDA suggested last month in a letter to the breakfast cereal’s maker, General Mills. The issue originated with a claim on cereal boxes that says Cheerios will “lower your cholesterol 4% in six weeks.” The FDA said in a letter … More

    Obama Financial Regulation Plan: Empowering Regulators, Not Consumers

    After months of internal debate, President Obama today released his much-anticipated plan for reforming the nation’s financial regulatory system. The 85-page document is nothing if not comprehensive, containing a grab bag of changes covering almost every aspect of the troubled financial industry. Taken as a whole, the changes would trigger … More

    Bad Regulation, Not Deregulation, Caused Financial Crisis

    Harvard University professor Niall Ferguson writes in the New York Times: Human beings are as good at devising ex post facto explanations for big disasters as they are bad at anticipating those disasters. It is indeed impressive how rapidly the economists who failed to predict this crisis — or predicted … More

    DOJ's New Antitrust Rule: "Too Big To Succeed"

    For months now, the Treasury Department has been grappling with the consequences of “Too Big to Fail” — the idea that some enterprises are too large to allow to fail. Now here’s comes the Justice Department with “Too Big To Succeed,” the idea that some firms are too large to … More

    Airline Safety: The Deregulation Critics Were Wrong

    It could have been a tragedy, but wasn’t.  After yesterday’s dramatic Hudson River crash landing of a US Airways jet, all 155 passengers and crew made it back to shore safely.   Much of the credit goes to the plane’s pilot, who managed to maneuver the plane safely down.   But the … More