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Entries in CEI (1496)

Tuesday
Sep252012

CEI Today: State pension woes, a union jobs program, and state gift clauses 

GOV'T PENSIONS - IVAN OSORIO


Openmarket.org: State Pension Bailout Threat


The state pension underfunding crisis has grown so severe that it has prompted most U.S. states to cut benefits, according to calculations by The Wall Street Journal and Boston College’s Center for Retirement Research. However, cuts to date have only put a $100 billion dent in a nationwide funding gap of $900 billion. Clearly, states need to do more to lower their pension liabilities.


Government employee unions are bound to oppose further proposals to curb benefits or increase employee contributions toward their pensions. For lawmakers in some states, this will make reform a harder sell.

 > Read the full commentary on Openmarket.org

> Interview Ivan Osorio

UNION JOBS PROGRAM - MATT PATTERSON & CRISSY BROWN


The Washington Times: Unions stack the deck against job creation

 

If you build it, jobs will come. That’s what Marylanders are being promised in the push to build a new casino, the state’s sixth, in Prince George’s County. County Executive Rushern L. Baker III, for example, claims that “the expansion of gaming into Prince George’s County is about the thousands of new jobs, millions of dollars in revenue to the state and county, and growing the travel and tourism industry in Prince George’s County.” The proposed casino really is a jobs program for unions.  > Read the full commentary on Washigntontimes.com


> Interview the authors

GIFT CLAUSES SAVE TAXPAYER $ - TREY KOVACS

Daily Caller: Field of cash: If you offer, they will take

 
It has become a familiar ritual. Wealthy professional sports team owners ask state and local governments to subsidize their venues, threatening to skip town if taxpayers don’t pony up. As Bloomberg News reports, 64 professional sports arenas around the nation currently receive either public financing or tax breaks. Despite national, state, and local fiscal woes, elected officials continue to spend or forgo billions of tax dollars on professional sports stadiums owned by millionaires and billionaires. Thankfully, taxpayers in 47 states have a weapon at their disposal: state constitutional provisions that restrict government aid to business. It’s time they used them.  > Read the full commentary at Dailycaller.com


> Interview Trey Kovacs

UPCOMING EVENTS

Cocktail Party for Authors Yaron Brook & Don Watkins

Thursday, September 27, 2012
6:00 pm
CEI HQ: 1899 L Street, NW, 12th Fl, Washington, DC


You are cordially invited to join
Yaron Brook and Don Watkins
at the Competitive Enterprise Institute for a cocktail party celebrating the publication of FREE MARKET REVOLUTION: HOW AYN RAND'S IDEAS CAN END BIG GOVERNMENT


RSVP: cjohnson@cei.org


Animal Biotechnology: From Frankenfish to Enviro-pig

Thursday, September 27, 2012
12:00 pm – 1:30 pm
Room 1300, Longworth House Office Building

 

Despite their potential environmental and consumer benefits, products that can be demonized as FrankenFish or EnviroPig are being delayed by regulatory intransigence, public confusion, and political indecision. With no clear path forward, many products are now being sent overseas to countries with more responsive regulatory climates.

 

 

NEW BOOK!

THE LIBERAL WAR ON TRANSPARENCY - CHRISTOPHER C. HORNER

CNSNews.com:
Author: Journalists 'Cover Energy And Environment Subjects As Liberal Activists,' E-Mails Show


Liberals claim to support transparency in government - until conservatives start finding shady things through Freedom of Information Act (FOIA) requests.


New York Times bestselling author, litigator, and Competitive Enterprise Institute senior fellow Chris Horner has been filing such FOIAs for years and has turned up Obama's "true plan" for cap-and-trade, a close relationship between an energy official and a Solyndra director - and more. Horner's quest for public information, labeled as "criminal" by one Obama agency head, will be detailed in his upcoming book, "The Liberal War on Transparency." > Read the CNSNews.com article by Julia Seymore



 

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.

Saturday
Sep222012

CEI Weekly: The Case Against the Economic Development Administration

Friday, September 21, 2012

 

 

Feature: CEI releases a new study on the EDA.

FEATURE: The Case Against the Economic Development Administration

 

This week, CEI released a new study by Policy Analyst David Bier: The Case for Abolishing the Economic Development Administration. Bier explains that the agency--who doles out grants to communities--causes more harm than good by incentivizing economic waste and overtaxation. Read Bier's study here.

 

SHAPING THE DEBATE

 

Federal Agencies Should Stop Using Cost-Benefit Analyses

Wayne Crew and Ryan Young's op-ed in Investor's Business Daily

 

Sugary Drinks Ban Begs the Question--Who Has the Right to Decide What You Consume

Michelle Minton's op-ed on Fox News

 

America's Founders Supported Immigration

David Bier's op-ed in The Huffington Post

 

House Passes Bill to Limit Solyndra-Style Loan Guarantees

William Yeatman's citation in The Los Angeles Times 

 

Overregulation Does Have an Economic Cost

CEI featured in The Charleston Daily Mail

 

$1.8 Trillion Shock: Obama Regs Cost 20-Times Estimate

Wayne Crews featured in The Washington Examiner

 

House Passes 'No More Solyndras'

William Yeatman's citation in Politico

 

G. Gordon Liddy Ends 20-Year Radio Run

CEI's citation in Fishbowl DC

 

Oklahoma, South Carolina, Michigan Join Dodd-Frank Attack

CEI's citation in Bloomberg News

 

 

 

 

 

 

 

 

 

 

 

 

                     

 

 

CEI PODCAST

 

September 20, 2012: The Economic Development Administration

 

CEI Policy Analyst David Bier is author of the new study “The Case for Abolishing the Economic Development Administration.” The agency’s impact goes well beyond its modest $286 million budget. On average, the EDA only pays for about one seventh of its projects. The rest of the burden falls on state and local governments and the private sector. Those projects include $2 million for a wine-tasting room, $35 million for a convention center that is projected to lose money, and other boondoggles.

Friday
Sep212012

CEI Today: States join Dodd-Frank lawsuit, the cost-benefit of regulations, and San Fran's renewable energy mandate 

STATES JOIN CEI'S DODD-FRANK LAWSUIT - SAM KAZMAN

CEI.org: Three States Join Constitutional Challenge to Dodd-Frank

 
The states of Oklahoma, South Carolina, and Michigan today joined a lawsuit challenging the constitutionality of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The states are asking the U.S. District Court for the District of Columbia to review the constitutionality of the Orderly Liquidation Authority, established under Title II of Dodd-Frank. The three states are joining the original plaintiffs in the lawsuit: State National Bank of Big Spring, Texas; the 60 Plus Association; and the Competitive Enterprise Institute. > Learn more about the lawsuit at CEI.org/doddfrank


> Interview Sam Kazman

REGULATORY COST-BENEFIT - WAYNE CREWS & RYAN YOUNG


Investor's Business Daily: Federal Agencies Should Stop Using Cost-Benefit Analyses

 

Cost analysis is an imprecise art, but it is practically a science compared with estimating benefits. Agencies should stop using them. Nobody knows how much the 169,000-page Code of Federal Regulations costs the economy, but we do have a rough idea.


The Office of Management and Budget puts the cost at $68 billion, though this figure leaves out more than 90% of all rules. An upcoming Competitive Enterprise Institute report, "Tip of the Costberg," puts the number at $1.8 trillion. > Read the full commentary on Investors.com


> Interview Wayne Crews or Ryan Young

 

SAN FRANCISCO RENEWABLE ENERGY MANDATE - WILLIAM YEATMAN


Globalwarming.org: San Fran Plan to Go Green Proves that Renewables Can’t Compete


Yesterday, by an 8-3 vote, the San Francisco Board of Supervisors approved CleanPowerSF, a municipal energy plan that would force about half the city’s ratepayers into using electricity that was generated entirely from renewable sources, like wind and solar power.


The cost? According to the San Francisco Chronicle, the measure would increase utility bills about 23 percent*.

And I thought renewable energy was supposed to be competitive!

California already has the
13th most expensive electricity rates in the country, so this 23 percent green energy premium is on top of relatively high utility bills.  > Read the full commentary on Globalwarming.org

> Interview William Yeatman

UPCOMING EVENTS

Capitol Hill Briefing by Author Diana Furchtgott Roth on Green Jobs

Friday, September 21, 2012 - TODAY!
12:00 pm – 1:30 pm
Room 2322 Rayburn House Office Building

What is a “green job” anyway? Few can adequately define one. Even the government isn’t sure, you will learn in these pages. Still, President Obama and environmentalist coalitions such as the BlueGreen Alliance claim the creation of green jobs can save America’s economy, and are worth taxpayers’ investment.


But in Regulating to Disaster, Diana Furchtgott-Roth debunks that myth. Instead, energy prices rise dramatically and America’s economic growth and employment rate suffer — in some states much more than others — when government invests in nonviable ventures such as the bankrupted Solyndra, which the Obama Administration propped up far too long.


Animal Biotechnology: From Frankenfish to Enviro-pig

Thursday, September 27, 2012
12:00 pm – 1:30 pm
Room 1300, Longworth House Office Building

 

Despite their potential environmental and consumer benefits, products that can be demonized as FrankenFish or EnviroPig are being delayed by regulatory intransigence, public confusion, and political indecision. With no clear path forward, many products are now being sent overseas to countries with more responsive regulatory climates.

 

 

NEW BOOK!

THE LIBERAL WAR ON TRANSPARENCY - CHRISTOPHER C. HORNER

CNSNews.com:
Author: Journalists 'Cover Energy And Environment Subjects As Liberal Activists,' E-Mails Show


Liberals claim to support transparency in government - until conservatives start finding shady things through Freedom of Information Act (FOIA) requests.


New York Times bestselling author, litigator, and Competitive Enterprise Institute senior fellow Chris Horner has been filing such FOIAs for years and has turned up Obama's "true plan" for cap-and-trade, a close relationship between an energy official and a Solyndra director - and more. Horner's quest for public information, labeled as "criminal" by one Obama agency head, will be detailed in his upcoming book, "The Liberal War on Transparency." > Read the CNSNews.com article by Julia Seymore



 

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.

Friday
Sep212012

CEI - Three States Join Constitutional Challenge to Dodd-Frank

New Orderly Liquidation Authority Threatens Financial Companies and Investors, Putting State Pension Funds at Risk Without Due Process

 

Washington, D.C., September 20, 2012 – The states of Oklahoma, South Carolina, and Michigan today joined a lawsuit challenging the constitutionality of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The states are asking the U.S. District Court for the District of Columbia to review the constitutionality of the Orderly Liquidation Authority, established under Title II of Dodd-Frank. The three states are joining the original plaintiffs in the lawsuit: State National Bank of Big Spring, Texas; the 60 Plus Association; and the Competitive Enterprise Institute.

“We must challenge Dodd-Frank to protect Oklahoma taxpayers and our financial stability. The law puts at risk the pension contributions and tax dollars that the people have entrusted us to protect,” Oklahoma Attorney General Scott Pruitt said. The Orderly Liquidation Authority (OLA) gives the Treasury Secretary the power to liquidate any financial company as along as the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve are in agreement.

“The new regulations do not stabilize our economy, they create greater uncertainty. As a result, States cannot allow our taxpayers, our investments or the Constitution to be subject to such financial risk. Dodd Frank replaces the rule of law with the rule of politics,” Attorney General of South Carolina, Alan Wilson, said. The unbridled power given to the OLA to seize assets of private companies is simply unconstitutional. If a large financial institution fails, holding state pension contributions and tax dollars, the states have very little ability to recover their citizens’ assets.

"Michigan's public-employee pension funds hold substantial fixed-income investments in large financial institutions," said Michigan Attorney General Bill Schuette.  "Dodd-Frank gives the U.S. Secretary of the Treasury essentially unlimited power - with no judicial or Congressional oversight - to pick winners and losers among creditors when these large financial institutions go bankrupt.  This lawsuit is necessary to safeguard Michigan's pension funds and protect current and future retirees."

Sam Kazman, General Counsel for one of the original plaintiffs, CEI, stated:  “Despite being called a reform measure, Dodd-Frank poses a massive threat to consumers, companies and the economy of this country.  The scope of that threat is clearly demonstrated by the decision of these three states to join our lawsuit, and we welcome their participation.”

The state attorneys general are challenging Title II of Dodd-Frank, which gives the Treasury Secretary the ability to liquidate financial companies with only 24 hours notice. There is no meaningful legal recourse for the company, there is an immediate gag order placed on all parties and it carries criminal penalties if violated; in short, this creates death panels for American companies. The private plaintiffs also are challenging the Financial Stability Oversight Council (Title I), the Consumer Financial Protection Bureau (Title X), and the validity of the Bureau Director’s appointment.

The lawsuit was originally filed in June 21, 2012.

> View a copy of the complaint at CEI.org

> Information on the case and a copy of the filing can be found at http://cei.org/doddfrank.

Thursday
Sep202012

CEI Today: Judiciary hearing on regulation, copyright concerns in technology, and climate change as a national security 

REGULATION NATION? - WAYNE CREWS

CEI.org: House Judiciary Hearing Highlights Urgency of Quantifying and Taming Regulation

 
Thursday morning, the House Judiciary Committee will hold a hearing: “Regulation Nation: The Obama Administration's Regulatory Expansion vs. Jobs and Economic Recovery.”

Wayne Crews, vice president for policy at the Competitive Enterprise Institute and author CEI’s annual Ten Thousand Commandments report on the hidden costs of regulations, commended the committee for addressing the nation’s regulatory woes.

"Big regulation is bipartisan. Bush brought us a massive homeland security bureaucracy, the Sarbanes-Oxley law, increased Medicare rules and more. Both presidents’ final rules on small business are comparable and substantial."
> View the report on CEI.org


> Interview Wayne Crews

TECHNOLOGY & COPYRIGHTS - RYAN RADIA


Tech Liberation: On Copyright and Business Models: Why ivi Deserved to Be Shut Down

 

Imagine a service that livestreams major broadcast television channels over the Internet for $4.99 a month — no cable or satellite subscription required. For an extra 99 cents a month, the service offers DVR functionality, making it possible to record, rewind, and pause live broadcast television on any broadband-equipped PC.


If this service sounds too good to be true, that’s because it is. But for a time, it was the business model of ivi. Cheaper than a cable/satellite/fiber subscription and more reliable than an over-the-air antenna, ivi earned positive reviews when it launched in September 2010.


Soon thereafter, however, a group of broadcast networks, affiliates, and content owners sued ivi in federal court for copyright infringement.

If there’s one exclusive right that copyright laws should secure for content creators, it’s the right to sell complete copies of newly-produced creative works made for the purpose of private commercial gain.


If ivi doesn’t violate this right, I don’t know what does. > Read the full commentary on Techliberation.com


> Interview Ryan Radia

 

CLIMATE CHANGE & NATIONAL SECURITY - MARLO LEWIS


Globalwarming.org: Should the GOP Champion Climate Change as a National Security Issue?


Since 2010, notes Daveed Gartenstein-Ross, author of Bin Laden’s Legacy: Why We’re Still Losing the War on Terror, the Department of Defense has classified climate change as a conflict accelerant — a factor exacerbating tensions within and between nations. Well, sure, what else is Team Obama at DOD going to say in an era of tight budgets when no rival superpower endangers our survival? The concept of an ever-deepening, civilization-imperilling climate crisis is an ideal mission-creep accelerant. > Read the full commentary on Globalwarming.org

> Interview Marlo Lewis

UPCOMING EVENTS

Capitol Hill Briefing by Author Diana Furchtgott Roth on Green Jobs

Friday, September 21, 2012
12:00 pm – 1:30 pm
Room 2322 Rayburn House Office Building

What is a “green job” anyway? Few can adequately define one. Even the government isn’t sure, you will learn in these pages. Still, President Obama and environmentalist coalitions such as the BlueGreen Alliance claim the creation of green jobs can save America’s economy, and are worth taxpayers’ investment.


But in Regulating to Disaster, Diana Furchtgott-Roth debunks that myth. Instead, energy prices rise dramatically and America’s economic growth and employment rate suffer — in some states much more than others — when government invests in nonviable ventures such as the bankrupted Solyndra, which the Obama Administration propped up far too long.


Animal Biotechnology: From Frankenfish to Enviro-pig

Thursday, September 27, 2012
12:00 pm – 1:30 pm
Room 1300, Longworth House Office Building

 

Despite their potential environmental and consumer benefits, products that can be demonized as FrankenFish or EnviroPig are being delayed by regulatory intransigence, public confusion, and political indecision. With no clear path forward, many products are now being sent overseas to countries with more responsive regulatory climates.

 

 

NEW BOOK!

THE LIBERAL WAR ON TRANSPARENCY - CHRISTOPHER C. HORNER

CNSNews.com:
Author: Journalists 'Cover Energy And Environment Subjects As Liberal Activists,' E-Mails Show


Liberals claim to support transparency in government - until conservatives start finding shady things through Freedom of Information Act (FOIA) requests.


New York Times bestselling author, litigator, and Competitive Enterprise Institute senior fellow Chris Horner has been filing such FOIAs for years and has turned up Obama's "true plan" for cap-and-trade, a close relationship between an energy official and a Solyndra director - and more. Horner's quest for public information, labeled as "criminal" by one Obama agency head, will be detailed in his upcoming book, "The Liberal War on Transparency." > Read the CNSNews.com article by Julia Seymore



 

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.