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Saturday
Jan052013

CEI Today: FTC closes Google probe, Rick Santelli asks, "Who is Richard Windsor?", and how much does EPA really cost the economy? 

FTC v GOOGLE - RYAN RADIA

Web Users Dodge Bullet as FTC Closes Google Probe

The Federal Trade Commission announced a settlement with Google, marking the end of a two-year antitrust probe of the company. While Google agreed to change certain business practices involving patent licensing and advertising portability, the FTC’s investigation concluded that Google’s search engine does not unlawfully disadvantage competitors’ websites or deliver “biased” search results.


Ryan Radia
, Associate Director of Technology Studies at the Competitive Enterprise Institute, issued the following statement:


The FTC’s unanimous decision not to pursue an antitrust lawsuit against Google reflects the vigorous state of competition on the Internet – and the utter failure of Google's critics to put forward a serious antitrust case against the company.

 

Today’s ruling also affirms that every company is free to compete by serving its users, no matter how high its market share or how much its rivals suffer as a result. America's antitrust laws are designed not to punish companies for growing too big or too unpopular, but to ensure no company stifles competition itself. The thriving Internet sector -- a bright spot in America's otherwise lackluster economy -- shows no signs of suffering from too little competition. > View the full statement at CEI.org


> See also: Settlement: FTC Ends Google Antitrust Investigation

> Interview Ryan Radia

 

COST OF EPA

Daily Caller:
EPA costs US economy $353 billion per year

 

Transparency is the lifeblood of democracy. Washington needs more of it, especially in the all-too-opaque world of regulation. The Environmental Protection Agency (EPA), for example, is the most expensive federal regulatory agency. Its annual budget is fairly modest in Beltway terms, at a little less than $11 billion, but that’s not where the vast majority of its costs come from. Complying with EPA regulations costs the U.S. economy $353 billion per year — more than 30 times its budget — according to the best available estimate.  > View the full commentary at Dailycaller.com


> Interview Ryan Young

 

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