Politics

Cato Institute Writers Lament the Unfortunate Loss of Vertical Integration in Electric Power Industry

Michael Giberson Thursday’s Wall Street Journal carried an essay by the Cato Institute’s Jerry Taylor and Peter Van Doren, “Short-Circuited” (available free via Cato): After a pretty good 30-year run, deregulation is on the political ropes. Although loosening the shackles on banking, trucking, and airlines delivered lower prices, robust competition and political applause, it hasn’t …

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David Eisenthal’s Final Look at His Massachusetts Fifth Congressional District Democratic Primary Prediction Market

Michael Giberson At The Eisenthal Report, market manager David Eisenthal provides an update on the Massachusetts Fifth Congressional District Democratic Primary Prediction Market that he set up at Inkling: At various times, Rep. Barry Finegold (D – Andover), Rep. Jamie Eldridge (D – Acton), and Niki Tsongas have all led the field. As the election …

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Judge Won’t Block Whole Foods – Wild Oats Merger

Michael Giberson An update: Yesterday a federal judge refused the FTC’s request to temporarily block the Whole Foods-Wild Oats merger. The Associated Press reported that the judge’s reasoning “was detailed in a 93-page court document that was sealed because it contains corporate secrets.” Pretty obviously, as an attorney is quoted in the AP story as …

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Ftc Accidently Reveals Whole Foods Trade Secrets: Wal-Mart a Target of Whole Foods Negotiating Strategy

Michael Giberson Attorneys for the FTC inadvertently revealed Whole Food company trade secrets when they filed documents in court that had been incorrectly redacted. (The background behind the material intended to be redacted was set to black, making it impossible to read the black text, but not hard at all to search or copy and …

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Maryland Utilities Commission Asserts Itself

Michael Giberson The Washington Post story is headlined, “O’Malley Encouraging Utilities Commission To Assert Its Powers“: The hearing on the 16th floor of the state government building in Baltimore was as charged as a cross-examination. Two Verizon officials were called to appear before Maryland’s utility regulators to explain a 50 percent increase in customer complaints …

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Sally Satel on Incentives, Altruism, and Kidney Transplants

Michael Giberson Sally Satel writes on “Supply, Demand, and Kidney Transplants” in Policy Review: Under the 1984 National Organ Transplant Act, anyone who offers or receives something of material value in exchange for an organ can be charged with a felony. The ban ’s rationale was twofold: to prevent lurid scenarios in which desperately poor …

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Nunes Proposes Market Subsidy to Displace Energy Policy

Michael Giberson Kevin Hassett thinks Congressman Devin Nunes has a good idea (also here): It’s hardly a surprise when politicians fail us. Last week, with energy policy in play, we saw disappointments galore. But the biggest surprise of the week was a bill introduced by Congressman Devin Nunes, a California Republican, that may, if enacted, …

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