Regulation
The new and improved EPA
Since I’ve suggested elsewhere on this blog that EPA might not yet have achieved full vertebrate status with respect to mountaintop removal mining, I should acknowledge some of the positive steps the agency has taken recently. Three examples: EPA and the Department of Transportation jointly proposed new fuel efficiency/greenhouse gas emission standards for cars and …
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CONTINUE READINGEPA (indirectly) wins a turf war
Think the executive branch is one big happy family under the benevolent direction of (any) president? Think again. Power struggles over turf and substantive outcomes are frequent, and success in those struggles depends on a lot more than just who has the ear of the president at the moment. Sometimes it takes litigation, which has …
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CONTINUE READINGHerein of Regulatory “Czars”
Some conservatives like Glenn Beck are now raising alarms about the power of “czars” within the Obama White House. Although the rhetoric is ridiculous, there is a serious question here. A long-term trend has been for Presidents to exert more centralized control over the bureaucracy, and as a practical matter that control has to be …
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CONTINUE READINGOne Thumb Up? Or Too Soon to Tell?
The Administration has received mixed reviews so far. The Washington Post said on Wednesday that: The White House’s main effort has been to undo several Bush-era policies on climate control, air pollution and the regulation of roadless forests. Those actions, combined with court decisions that have struck down other rules, have given President Obama a …
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CONTINUE READINGCass Sunstein Confirmed by Senate
To the dismay of some environmentalists, the Senate confirmed Cass Sunstein as “regulatory czar” today. An undeniably brilliant scholar, Sunstein is a long-time advocate of cost-benefit analysis as a check on overly zealous risk regulation. (Unfortunately, his views of regulation figured much less in the public debate than a frenzied campaign to mobilize hunters, gun …
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CONTINUE READINGOne Step Backward, One Nano Step Forward. . . Maybe
The action on nanomaterials continued at the federal level in August, advancing forward in one area (tentatively) and faltering in another (perhaps temporarily). First, on August 4, the Interagency Testing Committee (ITC) issued its 64th report. (The ITC is an independent advisory committee charged with identifying potentially toxic chemicals for which there is inadequate testing …
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CONTINUE READINGInsurance in a Complex World
Roger Cook and Carolyn Kousky make some intriguing points in an article in the Summer issue of Resources. They discuss three problems confronting insurance companies, all of them probably exacerbated by climate change: fat tails, tail dependence, and micro-correlations. Although the names may not be self-explanatory, these are phenomena with great significance for society’s management …
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CONTINUE READINGMore on the Chamber of Commerce’s extraordinary demand for a “Scopes trial” on climate change
UPDATE: regarding the standard of judicial review of any on-the-record hearing (discussed below), see the comments: commenter Steve Taber disagrees with my initial analysis, and he may be right (though I don’t have time to look into it further today). ORIGINAL POST: Holly has written a thoughtful post discussing the meritlessness and cynicism of the …
CONTINUE READINGMore proof that economics does not run the world
The Washington Post has a fascinating story today about Maryland abandoning its reverse auction strategy to buy up small crabbing licenses. The scheme was cooked up by a bunch of economists, and apparently neither they nor state officials thought to talk to any of its targets before implementing it. According to the story, there are …
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CONTINUE READINGBisphenol-A in baby bottles . . . and in Sigg bottles (!)
The chemical bisphenol-A (BPA), commonly found in polycarbonate plastics and other household containers, is the subject of a new bill in California because of its potential adverse health effects. BPA hasbeen linked through animal testing to serious health problemsinvolving behavior, brain development, reproduction and heart function. Environmental advocacy groups such as the Environmental Working Group, …
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