Bureaucrats issued a final regulation on Dodd-Frank's Volcker Rule that could create a "perfect storm" of destruction for Main Street investors and entrepreneurs, scholars at the Competitive Enterprise Institute warn.
For all the supposed 'toughness' of the new rule, there is nothing specific that would prevent something like J.P. Morgan’s much-despised 'London whale' trade. In the meantime, the new rules could sharply reduce the stream of initial public offerings that have been propelling the stock-market upsurge. > Read more
EPA Permitting of Greenhouse Gases: A Breathtaking Absence of Congressional Intent
Petitioners’ merit briefs were due on Monday this week in Utility Air Regulatory Group v. EPA, the first Supreme Court case to examine the legality of an EPA regulation addressing greenhouse gases.
According to research by Marlo Lewis:
There is not a shred of evidence in the legislative history that Congress as a whole, the House or Senate separately, or any congressional committee ever intended for the EPA to broadly apply NSR/BACT provisions to greenhouse gases.
Just to make sure nothing fell through the cracks, I today did a search of all legislation introduced during the 101st through the 111th Congresses containing the term “prevention of significant deterioration.” Of 35 bills introduced containing the term, only one was a climate-related bill (S.1168 — the Clean Air/Climate Change Act of 2007), and there is no mention in it of PSD permitting for greenhouse gases.> Read more
Conko points to good scientific research that suggests the benefits of restricting livestock uses are likely to be small because the biggest contributors to resistance appear to be poorly managed human uses. There’s also good scientific evidence that even low-level uses of antibiotics in livestock help to keep the animals healthier, which in turn means both economic and health benefits for humans. Thus, there is good reason to believe that whatever benefits we might gain from restricting livestock uses could be swamped by the health and economic costs doing so would impose.> Read more > Interview Gregory Conko
GOV'T UNIONS BROKE - ALOYSIUS HOGAN
Workplacechoice.org: GOVERNMENT UNIONS BROKE – AND NOW MUST FIX – DETROIT
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