Regulation
Saving Public Transit: Neighborhoods Matter
Public transit depends on neighborhood design to be successful. Without convenient neighborhoods that orient housing and jobs around transit, buses and trains will waste scarce public dollars by failing to attract sufficient riders and offering poorer quality service to those who do ride. Mott Smith, a Los Angeles-based real estate developer and advocate who focuses …
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CONTINUE READINGHow Did Alaska Avoid the Resource Curse? Can Anyone Else Do So?
Dan made a useful point the other day about the possibility that increased energy production could yield a resource curse, i.e. an increase in unproductive and oligarchical rent-seeking when an economy becomes based upon resource extraction. One might add that this rent-seeking also tends to underdevelop a country’s human capital, as it has in Saudi …
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CONTINUE READINGRomney verus Obama: Showdown at the Auto CAFE
Perhaps lost in the media focus on the Republican convention, the Obama Administration created CAFE standards two months ago. (CAFE stands for Corporate Average Fuel Economy, a fancy name for gas mileage rules.) Romney immediately attacked the rules. It’s a very revealing – not to mention acrimonious — dispute. According to the Administration, the new …
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CONTINUE READINGThe Overly Facile Comparison Between Regulations and Taxes
Romney’s argument for a regulatory cap equates regulations with taxes. My initial reaction was that this was an absurd comparison – taxes are payments to the government, whereas regulations reduce externalities. But after further thought, I decided that my initial reaction was a little too facile. Regulatory costs do have some of the same economic …
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CONTINUE READINGThe significance of SB 1201 for the Los Angeles River
In late August, Governor Brown signed SB 1201 (de León), which promotes public access to the Los Angeles River. Los Angeles County Flood Control District is now required to provide for public use of the River for recreational and educational purposes, when such uses are not inconsistent with flood control and water conservation. As Sean Hecht …
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CONTINUE READINGThe Illegality of a Regulatory Cap
A key part of Romney’s attack on “over-regulation” is his proposed regulatory cap. If an agency wanted to issue a new regulation, a cap would require an agency to repeal a regulation (or package of regulations) with equal cost. To make this work, Romney would need new legislation from Congress, not just an executive order. …
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CONTINUE READINGWhat Happens After Election Day?
We’re only two weeks away from the election. What will happen in terms of the environment if Obama wins? What happens if Romney wins? The difference is dramatic. If Obama wins. . . The results of an Obama victory are fairly predictable. There are a number of new regulations that are now wending their way …
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CONTINUE READINGSaving Public Transit: Finding the Money
We all know that public dollars are scarce, especially for public transit. As the federal government scales back its investments in the nation’s buses and trains, local governments are stepping up. Los Angeles in particular has innovated a way to leverage their existing sales tax revenue for transit to start building more projects sooner. Gloria …
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CONTINUE READINGThe trouble with resource shuffling
Federal Energy Regulatory Commission (FERC) Chairman Jon Wellinghoff recently voiced concern that California’s cap-and-trade program could lead to unforeseen consequences that would upset energy markets. He was speaking about resource shuffling, and echoing a letter his fellow Commissioner sent to the California Air Resources Board (CARB) in August. What is resource shuffling? According to CARB, …
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CONTINUE READINGPACE Court Ruling Now Final: So What’s the Future of PACE?
Federal Judge Claudia Wilken, who has been presiding over the West Coast lawsuit to overturn federal housing policy and restore residential PACE energy financing programs, made her August ruling final today. As you may recall, Judge Wilken ruled in August that the Federal Housing Finance Authority (FHFA) would have to pursue a notice-and-comment rulemaking on …
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