CEI Today: Durbin price controls, union special privilege, and a public pension crisis

Wednesday, August 28, 2013
In the News Today


Credit Union Times: Flawed Durbin Ruling Boosts Fed’s Odds: Guest Opinion

Since U.S. District Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given him the benefit of the doubt.

Leon’s decision oozes with unprofessional snark, misconstrues economic terms in the statute’s language, and limits its research of “legislative intent” to the “intent” of one member of Congress who voted for the legislation: Sen. Richard Durbin (D-Ill.).

Leon’s ruling also forces the Fed to construe the law in a way that almost certainly will foment a constitutional challenge.

Because of these many flaws, the Fed has a good shot at getting the ruling overturned in its pending appeal.
> Read more

> Interview John Berlau



Workplacechoice.org: Union Special Privilege Under Scrutiny

In response to a Miami Herald report, a Miami-Dade County Commissioner is sponsoring legislation to eliminate or reduce the practice of allowing government employees to work full-time for their union, also known as union release time. Union release time is an inappropriate use of taxpayer funds.
> Read more

> Interview Trey Kovacs


Openmarket.org: Playing Politics with Public Pensions

Many public pension plans around the nation are severely underfunded. The 2008 financial crisis, which wiped out many pension investments, has focused the public’s and policy makers’ attention on the issue since then. But the financial crash and ensuing Great Recession don’t explain all of the problem public pensions face today.

One major problem is self-inflicted: investment decisions that advance political agendas rather than shareholder value. > Read more

> See also: Lobbyists at the State Public Trough


> Interview Ivan Osorio






CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org.  Follow CEI on Twitter! Twitter.com/ceidotorg.


Before Net Neutrality Eats the World

On Sept. 9, the US Court of Appeals for the D.C. Circuit will hear oral arguments in Verizon’s challenge of the FCC order on net neutrality.

Unelected FCC commissioners contemplate this action without authority from Congress, and even with such authority, it should have and would have been challenged.