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Thursday
Aug212014

CEI Today: Virtual currency regulation, Newsweek online gambling oops, affirmative action rules, and more 

Thursday, August 21, 2014
In the News Today

 

VIRTUAL CURRENCY REGULATION

The Impending BitLicense and Premature Regulations

Last month, the New York State Department of Financial Services (NYDFS) announced its proposed regulations for businesses engaged in “Virtual Currency Business Activity.

 

A prematurely designed set of draconian rules could force Bitcoin businesses to leave New York for good, shutting out a burgeoning industry before it has a chance to develop—and leaving New York behind the rest of the market. > Read more

> Interview an expert

 

ONLINE GAMBLING - MICHELLE MINTON

Newsweek’s Cover Story on Internet Gambling Plays Fast and Loose with Facts

Newsweek’s recent cover article
 on online gambling, “How Washington Opened the Floodgates to Online Poker, Dealing Parents a Bad Hand,” by Leah McGrath Goodman, has elicited a wide range of deservedly negative responses. The title alone indicates its blatant bias.

However, Goodman’s one-sided article presents a good opportunity to dispel many of the falsehoods and unwarranted fears swirling around the online gambling discussion.
> Read more

> Interview Michelle Minton
 

AFFIRMATIVE ACTION - HANS BADER

 

Duplicative New Affirmative-Action Rule Drives Up Taxpayer Costs and Restricts Competition


Does it make sense to require a park campground operator that has a few hundred employees at 120 different locations to come up with 120 separate affirmative-action plans, one for each site? Just because it also receives a measly $52,000 federal contract to clean bathrooms used by tourists (which it does very cheaply, at cost, in order to make its nearby concessions more attractive)?


To any economist, the answer would be “no.” But to the Obama administration, the answer is “yes.” > Read more


> Interview Hans Bader

 

 

 

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