The Federal Communications Commission (FCC) has seemed to make its mission of late to trample over property rights in the name of “public interest.” Nowhere is this propensity more clear than in its recent moves on net neutrality and the blocking of Wi-Fi by private entities. In the coming days, the FCC will probably designate … Continue reading
As the Federal Communications Commission (FCC) prepares to expand its regulatory reach to encompass internet providers under Title II of the Communications Act, many have objected that the measure will reduce investment needed to expand overall broadband capacity. The new order will increase uncertainty both about what shape enforcement of the rules will actually take … Continue reading
The use of antibiotics in animal food has been an ongoing debate. In 1977, the U.S. Food and Drug Administration (FDA) tried and failed to limit the use of antibiotics in animal feeds. This loss in 1977 helps explain why the agency is so trepid in pursuing any significant action and why clear legislation is … Continue reading
MetLife, a nonbank financial company (NFC) and the largest insurer in the U.S., called for a hearing Monday to oppose being labeled “systemically important.” After the Financial Stability Oversight Council (FSOC), a major financial watchdog, voted in favor of adding MetLife to the list of systemically important financial institutions (SIFIs) in September, the firm hustled … Continue reading
Threatening equity markets, stock manipulation is among the hottest topics for investors today. Michael Lewis, author of Flash Boys: A Wall Street Revolt, describes the U.S. stock market as rigged in favor of High Frequency Trading (HFT) firms. In a 60 Minutes edition, Lewis stated that these firms are able to “identify your desire to … Continue reading
Jeff Bezos’ plans to create commercial drone deliveries for Amazon in upcoming years might be premature based on the severe lack of new regulation establishment from the Federal Aviation Association (FAA). The Association cannot keep up with American innovation and has resorted to banning most drone usage, aside from several private-sector drones, until it completes … Continue reading
Attorney General Eric Holder said on September 30 that new forms of encryption that are now introduced by technology companies could thwart investigations of kidnappers and sexual predators, putting children at increased risk. In the wake of ongoing revelations of widespread surveillance of data and other electronic devices, Holder’s speech seems to be a well-coordinated campaign … Continue reading
Nutrition labels have got it all: the trans fats, calories, sodium and vitamins. It seems that much of our food has labels that list just about every aspect of the product. However, it turns out that there are still parts of our food that don’t make the label. Labels on food products list only a … Continue reading
If the Senate opts in for H.R. 3086, the Permanent Internet Tax Freedom Act (PIFTA), $14.7 billion in taxes will be averted every year. During the Internet boom of the 1990s, Congress passed the Internet Tax Freedom Act (IFTA), which prevented state and local governments from collecting Internet specific taxes. Sponsored by Senate Finance Committee … Continue reading
The Internal Revenue Service (IRS) and the U.S. Department of Treasury issued a Notice (Notice 2014-52) last Monday that would further their efforts to prevent U.S. companies from using an increasingly prevalent tactic known as inversion to lower their tax bill. Conventionally, an inversion is a negotiation in which a U.S. multinational company restructures with a foreign … Continue reading
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