Regulation (page 341)

  • Post

    Different interpretations of the same Dodd-Frank data

    From the latest Newsweek: Roughly 3,000 lobbyists were engaged in the fight over Dodd-Frank, according to the Center for Public Integrity—more than five lobbyists for every member of Congress. But as popular anger at the banks raged, Dodd-Frank only grew stronger. The consumer-protection agency, for instance,…
    Mitch Kokai, July 14, 2011
  • Post

    The headline says it all

    If you wonder why so many people are concerned about Harvard professor Elizabeth Warren’s potential appointment to lead the Obama administration’s new consumer financial protection agency, the headline of a new Bloomberg Businessweek cover story offers a good clue: She’s With the Government, And She’s Here to Help You might also appreciate this North Carolina-related excerpt from the piece: Were it not for a head of prematurely gray hair, Patrick McHenry could still pass for the college Republican he once was. Elected to Congress from North Carolina seven years ago at age 29, he speaks through an assiduous smile and arches his eyebrows as he listens—furrowing them quizzically at arguments he disagrees with. In late May, McHenry assumed the role of Warren’s chief antagonist in Congress. At an oversight hearing he was chairing, McHenry accused Warren of misleading Congress about whether she had given advice to Treasury and Justice Dept. officials who were investigating companies for mortgage fraud. McHenry said she had concealed her conversations. Warren insisted she had disclosed them. The hearing then took a bizarre turn. McHenry called for a recess so members of the committee could go to the House floor for a vote. Warren replied that she had agreed to testify for an hour and could not stay any longer. “Congressman, you are causing problems,” she said. “We had an agreement.” Offended, McHenry shot back: “You’re making this up, Ms. Warren. This is not the case.” Warren’s response, an outraged gasp, was played on cable news.
    Mitch Kokai, July 13, 2011
  • Post

    New Carolina Journal Online features

    Karen Welsh’s latest Carolina Journal Online report details a new state law loosening restrictions for probation and parole officers who carry concealed guns. John Hood’s Daily Journal outlines “revenue enhancements” conservatives can support to help balance government budgets.
    Mitch Kokai, July 12, 2011
  • Post

    The economic advantage for right-to-work states

    The latest issue of Hillsdale College’s Imprimis features a speech from Mark Mix, president of the National Right to Work Legal Defense Foundation. While discussing the recent controversy surrounding Boeing’s new plant in right-to-work South Carolina, Mix offers the following: Under a decades-old political…
    Mitch Kokai, July 11, 2011
  • Post

    New Carolina Journal Online features

    Sara Burrows’ latest Carolina Journal Online report documents Gov. Beverly Perdue’s veto of proposed regulatory reforms. John Hood’s Daily Journal predicts a rematch of 2008’s gubernatorial contest between Perdue and Republican Pat McCrory.
    Mitch Kokai, July 11, 2011
  • Post

    Hayek Cafe’s quote of the day

    The guys at Hayek Cafe, where orders emerge, added a new feature recently.  Here is today’s “Quotation of the day.” in Antitrust,Business as usual,…
    Michael Sanera, July 8, 2011
  • Post

    Murdock tackles the light-bulb fiasco

    Washington wants to trash the traditional light bulb. Deroy Murdock explores the silliness of it all in his latest column. What the Wizard of Menlo Park, N.J., required 10,000 experiments to perfect, Brooks Brothers socialist George W. Bush needed just one signature to make…
    Mitch Kokai, July 8, 2011
  • Post

    Why do we have minimum wage laws?

    The minimum wage in NC is currently $7.25 an hour. North Carolina raised its minimum wage based on the Fair Minimum Wage Act (FMWA) of 2007, which gradually raised the federal minimum wage from $5.15 to $7.25 per hour. FMWA was part of new Democratic majority’s agenda in the US…
    Adam Barrett, July 6, 2011