This is not the typical lobbying we think about; it’s more like lobbying-through-threat: try to regulate us, and we’ll make life so miserable for innocent bystanders that you’ll drop the regulations. Here, the regulation in question simply makes banks responsible for noticing the fraud happening over the payment system they nominally control. They don’t want to do it, because they don’t want to lose lucrative business from predatory scam artists while they look the other way.
-- When a division of JPMorgan Chase refused to process payments for a small business selling condoms, it was not out of prudishness, but part of an attempt to force the US government to drop their payday loan regulation by hurting small business owners through overly liberal interpretations of federal guidelines
posted by MartinWisse
on Apr 8, 2014 -
covering Part One (out of Six) of the Chicago Tribune investigation
Chemical flame retardants are everywhere. Our furniture. Our homes. Our bodies. Yet they don’t seem to stop fires. They do, however, seem to make us sick.
TOXIC HOT SEAT
is a documentary which takes an in-depth look at a nexus of money, politics and power – and a courageous group of firefighters, mothers, journalists, scientists, politicians and activists as they fight to expose what they assert is a shadowy campaign of deception that has left a toxic legacy in America’s homes and bodies for nearly 40 years.
Set against the backdrop of the award-winning 2012 Chicago Tribune investigative series “Playing with Fire,”
TOXIC HOT SEAT tells an intricate story, detailing how chemical companies that produce flame retardants spend millions of dollars on lobbyists, publicists and influencers, and how Big Tobacco had a hand in convincing fire-safety officials to back a standard that, in effect, requires all furniture to be filled with toxic flame retardants. [more inside]
posted by beisny
on Dec 8, 2013 -
Happy Political Clusterf*ck Day (U.S.)
In one corner: the first federal government shutdown
, born of the House GOP/Tea Party faction's
crusade to delay, defund, and destroy Obamacare (and the Democratic Senate and President's resolve to not do that
have ping-ponged between the two houses, fighting over language to cancel healthcare reform (plus a few other items, such as the implementation of Mitt Romney's entire economic agenda
). National parks are closed
, contractors are hamstrung
, and 800,000 federal workers furloughed
until Speaker Boehner drops the "Hastert Rule"
and passes a bill the other branches can agree to.
In the other corner, heedless of the chaos
(though not without glitches
of its own): the official rollout of the Affordable Care Act and its state insurance exchanges
. The portal at Healthcare.gov
is your one-stop shop for browsing, comparing, and purchasing standardized, regulated insurance coverage
with premium rebates
, guaranteed coverage
, and expanded Medicaid for the poor (in some states)
. A crazy day, overall -- but peanuts compared to what might happen if the debt ceiling is breached in 16 days
. [more inside]
posted by Rhaomi
on Oct 1, 2013 -
As part of the Affordable Care Act, The Centers for Medicare and Medicaid Services has released data
that show significant variation
across the country and within communities in what hospitals charge for common inpatient services. (via
) [more inside]
posted by dubusadus
on May 28, 2013 -
Did my wife's cosmetics give her breast cancer? During her first round of chemo in 2009, some volunteers at the hospital came calling with a little red bag [from the Look Good Feel Better program] that contained products from Clinique, Estée Lauder, and Del Laboratories. Upon reviewing the contents of her bag, she realized that several of the products contained parabens — chemicals that mimic estrogen and that according to the Campaign for Safe Cosmetics are linked to cancer
posted by spamandkimchi
on May 11, 2013 -
"Trusting your child with someone else is one of the hardest things that a parent has to do — and in the United States, it’s harder still, because American day care is a mess.
About 8.2 million kids—about 40 percent of children under five — spend at least part of their week in the care of somebody other than a parent. Most of them are in centers, although a sizable minority attend home day cares.... In other countries, such services are subsidized and well-regulated. In the United States, despite the fact that work and family life has changed profoundly in recent decades, we lack anything resembling an actual child care system. Excellent day cares are available, of course, if you have the money to pay for them and the luck to secure a spot. But the overall quality is wildly uneven and barely monitored, and at the lower end, it’s Dickensian."
posted by zarq
on Apr 15, 2013 -
The comment period for the DRAFT Wireless code
] to address some cellular provider abuses is expiring soon (February 15th). Comments can be made here
Highlights of the draft code include:
posted by Mitheral
on Feb 12, 2013 -
- A $50 (or less) monthly cap on incurred fees.
- A limitation of cancellation fees equal to the remaining amount of the prorated incentive amount
- Mandatory unlocking at no cost for non subsidy phones with no waiting period.
- Limits on deposits and non payment cancellations.
- No termination fee, 15 day cooling off period
- Mandatory listing of limits on "unlimited" plans.
Tails of the Unexpected:
"Normality has been an accepted wisdom in economics and finance for a century or more. Yet in real-world systems, nothing could be less normal than normality. Tails should not be unexpected, for they are the rule." An eminently human-readable explanation of why normal models fail to describe the uncertainties of our abnormal world. [more inside]
posted by ecmendenhall
on Jun 9, 2012 -
Almost all the everyday complaints about cabs trace back to this regulatory cocktail. Drivers won’t take you to the outer reaches of your metropolitan area? The regulated fares won’t let them charge you more to recover the cost of dead-heading back without a return customer. Cabs are poorly maintained? Blame restricted competition, and the inability to charge for better quality. Cabbies drive like maniacs? With high fixed costs for cars and gas, and no way to increase their earnings except by finding another fare, is it any wonder that they try to get from place to place as fast as possible?
Uber makes its money at least in part by alleviating these inefficiencies. In most places, “black car” or livery services are regulated differently, and more lightly, than taxis are. Though Uber has good reason not to say so, it’s basically turning livery services into cabs. The company is one step further removed from regulation, because it doesn’t run cars itself; it funnels passengers to existing services. “We’re sort of like an efficient lead-generation system for limo companies,” says Kalanick, “but with math involved.”
- Megan McArdle analyses taxi regulation in the US and the taxi startup, Uber
posted by beisny
on Apr 12, 2012 -
The JOBS Act
or "Jumpstart Our Business Startups Act" is not really about creating jobs but about loosening regulations on companies planning to IPO. SOX compliance and other financial regulations have made going public an expensive and time consuming process for young companies, and many are now staying private or getting acquired rather than going public. Fewer regulations encourages more IPOs, but what are the unintended consequences
of "exempting [companies] from independent accounting requirements for up to five years after they first begin selling shares in the stock market"?
posted by lubujackson
on Apr 12, 2012 -
"Any industry would be proud of an average annual growth rate of 34% over ten years and of a global reach from Austria to Taiwan. But the headlong expansion of exchange-traded funds (ETFs), which by May this year controlled almost $1.5 trillion of assets (not far short of the $2 trillion in hedge funds), has become a matter for concern among financial regulators. Could ETFs be the next source of financial scandal, or even of systemic risk?
" Characterizing the Financial sector "like a hyperactive child" that "can never leave a good thing be", The Economist
appears to be wishing
for the ETFs
to be better regulated
because "it would be a shame if reckless expansion spoiled a good innovation".
posted by vidur
on Jun 26, 2011 -
Dems eye midnight regulations reversal.
Congressional Democrats are eyeing a little-known, Clinton-era law as a way to reverse Bush administration midnight regulations — even ones that have already taken effect. “Fortunately, [the White House] made a mistake,” said a top Senate Democratic aide. [more inside]
posted by netbros
on Nov 14, 2008 -
Monsanto’s Harvest of Fear.
"Monsanto already dominates America’s food chain with its genetically modified seeds. Now it has targeted milk production. Just as frightening as the corporation’s tactics–ruthless legal battles against small farmers–is its decades-long history of toxic contamination."
posted by homunculus
on Apr 3, 2008 -