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June 26, 2020
Axios Generate on June 26 concludes its first article with a “bonus chart” from the International Energy Agency’s recent report, Global CO2 emissions in 2019. According to Axios, the chart shows that “Europe leads the world in emissions decline.” Not so fast. The European Union contains 27 countries. Which country leads the world in reducing emissions? The United States is undisputed champion.
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June 26, 2020
The House of Representatives’ $1.5 trillion dollar infrastructure package is being sold to the public as a post-coronavirus job creation bill. It now includes the sweeping renewable energy subsidies, including measures extending the investment tax credits for wind and solar energy. This is both bad energy policy and bad jobs policy.
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June 26, 2020
The John Locke Foundation has released a Rebound Plan for North Carolina, where it is based—the basketball reference is a nice touch. It contains reform ideas for a variety of issues including health care, education, and of course, regulation. Many of the ideas can be applied in other states and at the federal level. It pairs well with CEI’s new 2020 edition of Ten Thousand Commandments.
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June 26, 2020
The father of our country is making news, but for disappointing reasons. Washington was trending on Twitter after his statue was toppled in Portland. A private school in Nashville dropped its annual celebration of Washington's birthday, saying it was “not consistent with or relevant to the way that we teach history today.” If anything, current events only serve to make him more relevant than ever.
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June 26, 2020
Hearings for Nancy Beck’s nomination to chair the Consumer Product Safety Commission took place last week at which several Senate Democrats launched outrageous and unfair attacks. Sen. Tom Udall (D-N.M.) hit a new low when he basically accused Beck of murder because he asserted that the EPA did not move swiftly enough to ban paint strippers containing methylene chloride.
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June 26, 2020
The recently-approved Sprint/T-Mobile merger is already coming under fire after layoffs were announced. But even the harshest critics begrudgingly acknowledge that the jobs being eliminated are no longer necessary because of the efficiencies gained by the merger. The focus on jobs alone as a measure of policy efficacy neglects how economically sustainable jobs are created in the first place.
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June 24, 2020
In a Wall Street Journal op-ed, Labor Secretary Scalia explains the reasoning behind a proposed rule reaffirming that pension funds should focus on providing benefits to retirees. The current vogue for investments guided by environmental, social, and corporate governance goals has raised concerns that fund managers have been playing politics with the retirement nest eggs of American workers.
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June 24, 2020
The EARN IT Act is set for a markup in the Senate Judiciary Committee as early as this Thursday. Essentially the bill conditions intermediary liability protections for web services, known as Section 230, on yet-to-be-determined regulatory guidance regarding online child sexual abuse material (CSAM). While the need to combat CSAM is clear, the EARN IT Act is a fundamentally flawed vehicle for doing so.
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June 23, 2020
President Trump’s steel tariffs were intended to boost U.S. manufacturing. They backfired to the point where a group of steel-using industries sued to stop the tariffs. The case wound its way up to the Supreme Court, which this week announced it would not hear it. The tariffs will remain in place. The Trump tariffs have to go. Since the Court will not step up, Congress must act.
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June 22, 2020
The European Union announced last week that it is pursuing two antitrust probes against the tech giant. EU authorities are investigating whether Apple violated European competition laws through its App Store or Apple Pay. Those cases will likely require some fancy footwork from European antitrust enforcers, but winning a case against Apple stateside would be an even bigger lift.