Free Republic

Germany wants to promote structural economic, financial market and tax reform when it takes over the presidency of the G7 club of rich nations next week, German media reported on Sunday. Member states must “join forces to support an even stronger economic recovery”, Finance Minister Wolfgang Schäuble and central bank chief Jens Weidmann said in a written message to other G7 members, the Handelsblatt business daily said. […] Germany—the Eurozone’s largest economy—also called for progress to address “the remaining gaps in financial market regulation”, including shadow banks, and on the automatic exchange of tax information. Schäuble also wants to promote...

For countries that choose to regulate prostitution, it remains a vexing question: What’s the best way to do it? Canada’s answer, as Colby Cosh writes in Maclean’s, is to “put the concept of prostitution back into the Criminal Code.” He adds: “For decades, we had these leftover Victorian laws against ‘living off the avails’ and keeping a ‘bawdy house’ without any actual ban on prostitution itself. There are economic reasons to legalize sex work, too. According to The Wall Street Journal (paywall), the sex trade contributed £5.3 billion (about $9 billion) to the British gross domestic product in 2014.

“…Our energy policy is creating jobs and leading to a cleaner, safer planet.” If only these words spoken by our president during his State of the Union address were actually true. The energy industry is the latest victim of Obama Administration overreach. Under the guise of addressing global warming, President Obama’s Environmental Protection Agency (EPA) has proposed a plan that would require all states to make drastic reductions in carbon emissions. In essence, this forces them to use less coal and effectively mandates a transition to more expensive and less reliable energy sources like wind and solar – regardless...

Obama has a plan to ruin the seafood supply chain with regulations and it’s gonna cost ya. Secretary of State John Kerry has found a new cause now that he’s fresh off his mid-East failures. He is directing federal agencies to work on developing a program to combat seafood fraud upon orders from the imperial president. This follows up Mr. Obama’s proclamation that he would implement his climate change agenda using a pen and a phone. It also follows Mr. Obama’s seizure of a huge swath of the Pacific Ocean for the government, making it inaccessible for drilling and fishing....

The Consumer Financial Protection Bureau announced in the Federal Register that it will “aggressively deploy cease and desist orders against businesses whose activities are a detriment to the nation’s well-being.” For the moment this new authority is “interim.” It is expected to become final on July 18. “For too long the Government has sat idly by while businesses have foisted unsafe and unhealthy products on an unsuspecting public,” CFPB Director Richard Cordray charged. “Under Section 1053(c) of the Dodd-Frank Act, we are empowered to protect the general public by ordering offending businesses to cease and desist.” Two industries that are...

Most gun control schemes do little, if anything, to positively effect change in criminal trends. In fact, such schemes have largely proven to be economically illiterate attempts to restrict and regulate the private ownership of firearms. And examples of the bad economics of gun control just keep piling up. I know, I know: Not everything is about the bottom line; but when the bottom line suffers in a misguided attempt to forward useless gun bans, I think it starts to matter a little bit more. In the latest example of gun-control killing private businesses, Century International Arms is laying off...

Many people question whether or not bureaucrats care about or have common sense. The best example of this is the unending debate on reusable bags and plastic bag bans. Time after time, we’ve seen the truth that bag bans and mandated usage of reusable bags does next to nothing to boost the environment. No, they kill jobs and raise costs for no good reason. Most recently, an Edelman Berland study sought to examine how frequently so-called reusable bags were actually used. According to the study, some 61 percent of respondents stated that though they preferred the reusable option, they...

Law professors John Eastman of Chapman University and Martin Lederman of Georgetown debated the religious implications of ObamaCare’s contraception mandate during a panel discussion at a recent Federalist Society conference. With the passage of the Religious Freedom Restoration Act (or RFRA), Congress was “trying to restore a 200-year-old understanding of what the free exercise clause did” for religious conscience. He said, “The First Amendment was not there to protect religions that could only get their accommodations through the majoritarian process.” With religion, “You can challenge the sincerity of religious beliefs but cannot challenge the merits of it” and people “have...

A school district in Chicago’s northwest suburbs is quitting the National School Lunch Program over new regulations championed by first lady Michelle Obama. The so-called Smart Snacks in School policy, set to take effect on July 1, is the latest attempt by our Regulator-in-Chief to dictate every aspect of Americans’ behavior. It dictates strict calorie, sodium, fat, and sugar guidelines for any food sold in schools during the day. That even includes the ubiquitous bake sales and other fundraisers. Instead of forcing the school district’s 500 low income kids and others to eat “healthier,” however, the administration is only creating...

When Texas Gov. Rick Perry signed a sweeping anti-abortion law in 2013, he did so knowing the measure faced an uncertain future. Indeed, the law is already winding its way through the legal system, and if its opponents have their way, Texas's reproductive legal code will land in the hands of the Supreme Court. But such a decision is likely a year or years a way, and back in the Lone Star State, the final judicial score won't much matter. The law has already had tremendous success in closing abortion clinics and restricting abortion access in Texas. And those successes...

Baehr and Will Davis, were summoned to Washington for a meeting with the Postmaster General. Evan and Will wondered what it could be, “They must have seen the recent coverage in CNBC, maybe they’ll help our company expand?” Or, “maybe they wanted the traditional photo opportunity and positive media buzz that political actors care so much about. Surely their company made the Post Office look good, right?” But when the Postmaster General came out to meet them, the stark reality became clear, they weren’t interested in a photo-op. As Evan and Will describe it: “This 30-minute meeting was the end...

Despite being in good financial standing, adult film performers and others in the porn industry have had bank accounts abruptly terminated—and the U.S. Department of Justice (DOJ) may have had something to do with it. Under "Operation Choke Point," the DOJ and its allies are going after legal but subjectively undesirable business ventures by pressuring banks to terminate their bank accounts or refuse their business. The very premise is clearly chilling—the DOJ is coercing private businesses in an attempt to centrally engineer the American marketplace based on it's own politically biased moral judgements. Targeted business categories so far have included...

The clock is ticking for Minnesota's indoor ice rinks. By 2020, the refrigerant chemical now used at half the state's 240 arenas to make ice no longer will be manufactured or imported into the U.S. as part of a global effort aimed at ridding the world of greenhouse gases linked to depletion of the ozone layer. The phaseout of the odorless gas R-22 is expected to be costly for arenas -- most of which are publicly owned -- because of an anticipated rise in its cost. After the deadline, arenas still will be able to use the refrigerant gas for...

Bitcoin is making news again. Angry investors in the virtual currency are joining a class action to recover nearly US$500 million “lost” when Mt. Gox, a Tokyo-based Bitcoin exchange, crashed at the end of February 2014. The collapse of the exchange is reported to be the result of theft by hackers. In another recent story, US magazine Newsweek claims to have tracked down the mysterious founder of the “crypto-currency”, a Mr Nakamoto in California. Bitcoin’s website names “Satoshi Nakamoto” as the currency’s founder but many believe that is a pseudonym. Bitcoin is associated with some high profile criminal investigations, including...

“As a producer of grass-fed beef, I am familiar with some of the difficulties small farmers face when marketing fresh food directly to consumers. Our bills would make it easier for families to buy wholesome milk directly from farmers by reversing the criminalization of dairy farmers who offer raw milk,” said Rep. Massie. “The federal government should not punish farmers for providing customers the foods they want, and states should be free to set their own laws regulating food safety.” Representative Pingree says this legislation supports small farmers. “Many consumers want to buy fresh, unpasteurized milk and regulations shouldn’t get...

If you think you had it hard during these past few cold months, you should talk to a local food truck owner. Winter is tough on sales for any outdoor food service operator, and this past season was particularly nasty. Spring will bring relief but even that will be short-lived as the following summer months drive customers back into air-conditioned bricks and mortar restaurants. "You get into this wash, rinse and repeat," says Jeremy Scott, who owns and operates Tutta, a food truck serving freshly baked pizzas loaded with smoked meats. Scott recently looked at his sales through two of...

Periods of industry-redefining regulatory change are hardly new. What is unprecedented is the volume and relentless pace of regulation. Organizations have to ensure they can implement the system code changes and update operating processes to comply with the welter of new legislation, regulatory initiatives and rule amendments. And they have less time in which to react to those changes. To further complicate matters, the regulations are coming from multiple sources, with no consideration of whether the objectives are complementary or conflicting, and what the cumulative impact will be. Two primary objectives are driving the extensive regulatory agenda: a desire for...

The California Department of Motor Vehicles began Tuesday to puzzle through the complex question of how to regulate cars that rely on computers—not people—to drive them. Once the stuff of science fiction, “driverless cars” could be commercially available by decade’s end. Google already has sent its fleet of Priuses and Lexuses, fitted with an array of sensors, hundreds of thousands of miles in California, and major automakers are testing their own models. …

Promises: Vulnerable Democrats think they've found a winning strategy for the November elections: Tell voters they can fix ObamaCare, but Republicans won't let them. It's a con. ObamaCare is unfixable. 'Joe Garcia is working to fix ObamaCare," says an ad for the Florida House Democrat. "He voted to let you keep your existing health plan and took the White House to task for the disastrous health care website." Of course, Garcia fails to mention ObamaCare is the reason millions lost their health plans to begin with. Or that its problems extend well beyond a glitchy website. But this is the...

Even independently of the Obama administration’s policies, the U.S. energy grid has been undergoing some major shifts in the past few years. As the shale revolution has gained steam and natural gas has become more abundant, the proportion of electricity we get from coal has decreased while the role of viable-substitute natural gas has gotten bigger. Many defenders of the Obama administration’s incoming regulations for new and existing coal-fired power plants point to this ongoing market shift as part of their rationale, arguing that the transition to cleaner-burning natural gas is happening anyway and that all these regulations are just...