Attempts to increase fuel efficiency could end up being a greater burden than benefit for the majority of car owners. A major policy objective for the Obama administration is increased fuel efficiency, and in the past five years, several ambitious regulations have been approved which require that car manufactures produce vehicles with greater fuel efficiency. An American … Continue reading
One fundamental principle of financial markets is the relationship between risk and return. This tenet is reflected in the Capital Asset Pricing Model (CAPM), the workhorse of security pricing, where the return required by investors is measured by adding the risk free rate (such as a treasury bond) to a market risk premium, adjusted for … Continue reading
The 2008 Financial crisis was a costly lesson in the dangers that come with subsidizing risk. Fannie Mae and Freddie Mac are well recognized as the principal creators of moral hazard by reimbursing investors that held mortgage-backed securities when homeowners failed to make payments on their mortgages. Yet only five years after the worst of … Continue reading
In an attempt to decrease health care costs, wellness initiatives have become increasingly popular programs offered by corporations. Health and wellness is an extremely important issue and when it comes to health care reform there should to be a larger personal responsibility component. Unhealthy lifestyles, such as inactivity, poor nutrition, tobacco use, and excessive alcohol … Continue reading
On Tuesday, August 27, the IRS issued its final rule regarding the individual mandate to purchase health insurance under the Affordable Care Act (ACA). The rulemaking formally establishes the IRS requirement for most Americans to be subjected to a financial penalty if an individual does not acquire “minimum essential coverage.” The rule will be published … Continue reading
The recent announcement that the White House will delay enforcement of the employer mandate until 2015 has stirred a polemic argument among the American public about the reality and stability of the Affordable Care Act (ACA) – and this isn’t the first roadblock the new legislation has faced, nor will it be the last. Since … Continue reading
The federal government employs people of many different professional backgrounds, but among them you will not find fortunetellers. Yet scientists, analysts, and lawyers could sometimes use an assist from seers in completing the work they are asked to do. Conducting cost-benefit analyses of agencies’ proposed regulations necessitates predicting their impact on the economy, an unfathomably … Continue reading
While politics and partisanship are the primary forces driving the discord in Washington today, it is power that will ultimately determine the outcome of such conflict. In our government, power is shared between branches, which in times of divided government like the present, essentially means shared between parties. With each side empowered to block the … Continue reading
The Bureau of Land Management has released a new proposal for rules governing the use of hydraulic fracturing on federal land. This proposal contains revisions from last year’s proposal that better balance environmental and business interests over the controversial drilling technique. Hydraulic fracturing, or ‘fracking,’ has been used in conventional, vertical wells since at least … Continue reading
Late last week a seldom heard voice echoed throughout the regulatory reform debate forum when the U.S. Department of State openly stood behind the controversial Securities and Exchange Commission (SEC) ‘Resource Extraction Rule.’ This rule, developed as part of the continuing cavalcade of Dodd-Frank initiatives, went into effect last August with the goal of requiring … Continue reading
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