Showing results for: “FTC policy statement unfair methods of competition”
TOTM, Now with Extra Nuance!
In response to Thom’s post on the merits of federal subsidies for private efforts to develop alternative fuels, frequent and thoughtful commentor William Goodwin issues a critique of Thom’s post, and of TOTM more generally. I will leave the merits of Mr. Goodwin’s specific criticisms (do read them) to Thom, but this particular portion caught ... TOTM, Now with Extra Nuance!
The FTC Takes On the DOJ in Schering-Plough
There is a very interesting development in the ongoing saga of the FTC v. Schering-Plough Corporation, a very important antitrust case involving a payment from a branded pharmaceutical manufacturer to a generic to delay entry (a “reverse payment”). The interesting development is that the FTC, who offered a brief in favor of cert., has now ... The FTC Takes On the DOJ in Schering-Plough
Do Positive Externalities Always Justify Government Subsidies? Some Insights From the Austrians and Public Choice
The folks over at Lawyers, Gun$, and Money are chiding me for ignoring (or, as they say, never having heard of) positive externalities. A couple of days ago, I criticized a NYT editorial calling for the federal government to “throw its weight behind” private efforts to develop alternative fuels. My main point was that the ... Do Positive Externalities Always Justify Government Subsidies? Some Insights From the Austrians and Public Choice
LSE companies worry about SOX.
According to this CFO.com article, London Stock Exchange listed companies are concerned that the acquisition of the LSE by a U.S. exchange will subject the companies to SOX (recall that Nasdaq’s $4.2 billion unsolicited bid for the LSE was rejected but it has since acquired 24% of LSE shares). And LSE companies should be concerned ... LSE companies worry about SOX.
Alternative Fuels: Let Markets, Not Government, Decide.
It’s a strange day when the New York Times advocates corporate tax breaks. It’s an even stranger day when I dissent from that recommendation. Well, today must be a strange day indeed, for they did, and I must. The upshot of today’s editorial, Let Them Go Green, is that the federal government should “throw its ... Alternative Fuels: Let Markets, Not Government, Decide.
More on Wal-Mart and Organics
An article from yesterday’s W$J sheds some light on the organic community’s anger over Wal-Mart’s decision to begin selling organic products. A few weeks ago, I accused Wal-Mart’s critics of wanting to keep price-sensitive consumers out of the organic “club.� The article in yesterday’s Journal suggests that that’s part of the story, but that the ... More on Wal-Mart and Organics
Justice Department asks court to dismiss case challenging PCAOB.
Following up on this post, according to this Reuters article the Justice Department has filed a “statement of interest” asking the court to dismiss the PCAOB constitutionality case. [T]he lawsuit was filed “at the wrong time, in the wrong court” and should be dismissed. It said a challenge to the constitutionality of PCAOB must first ... Justice Department asks court to dismiss case challenging PCAOB.
Some Thoughts on Tradeable Gasoline Rights
Marty Feldstein has an interesting idea about how to reduce America’s oil consumption, but I’m not quite ready to sign on. In an op-ed in yesterday’s WSJ, Feldstein proposed a “cap and trade� system for gasoline. Under the proposed system, the government would set a limit on the amount of gasoline Americans could purchase annually ... Some Thoughts on Tradeable Gasoline Rights
Buy or Die, Update
Via Marginal Revolution, I came across this letter from the National Kidney Foundation to the AEI in anticipation of AEI’s upcoming event (June 12th) addressing the national organ shortage (previous post here). Here’s an excerpt: The officers and staff of the National Kidney Foundation (NKF) were surprised to learn that AEI has scheduled a forum ... Buy or Die, Update
Buy or Die
AEI is hosting an event focusing on the problems of the nation’s shortage of vital organs. The website has links to the papers. The event agenda includes my friend and colleague Lloyd Cohen, who has done a good deal of work in this area (including this). Here’s the event description: The nation’s system for procuring ... Buy or Die
Home Depot Directors – It’s not you, it’s *me.*
Bill Sjostrom broke the news of the disgraceful absence of directors at the recent Home Depot shareholders’ meeting here. I found the story so scandalous, however, that I did a bit more digging, just to see what sort of rationale for missing the meeting was proffered by the truant HD directors. All I found was ... Home Depot Directors – It’s not you, it’s *me.*
Robinson-Patman Act Repealed!
Ok, not really. But the Antitrust Modernization Committee voted overwhelmingly in favor to repeal the Act (HT: Antitrust Review). Apparently, nine Commissioners voted in support of a the statement: “that Congress should repeal the Act in its entirety” on the grounds that: (1) the Act does not serve any purposes not already served by the ... Robinson-Patman Act Repealed!
