Over-Regulation

…Texas style. An eight-year-old girl and her seven-year-old sister were selling lemonade and kettle corn at their homemade stand in front of their house in Overton, TX. You recognize the deal: kids selling cool drinks (with a snack added this time) on a hot summer day to give passersby some relief and to pick up some spending money.

However.

A police officer on Monday approached the stand, which offered lemonade for 50 cents and “kettle korn” for $1.

In patrol-car video, the officer can be heard asking the girls’ mother…for a permit. She says she wasn’t aware they needed one.

Health Care Subsidies

President Barack Obama sent his HHS Secretary, Sylvia Mathews Burwell, to Congress to testify before the House Ways and Means Committee about, among other things, his plans should the Supreme Court rule against Federal subsidies for those who bought health plans through ObamaMart and not through state exchanges as Obama’s ACA requires. He said, through her,

If the court says that we do not have the authority to give subsidies, the critical decisions will sit with the Congress and states and governors to determine if those subsidies are available[.]

This is openly cynical. “If the court says…” the subsidies are not available, they’re not available. Full stop.

The SEC and its In-House Judges

I wrote about this a bit ago; here’s a follow-up via a related case.

A federal judge ruled Monday that the Securities and Exchange Commission’s use of an in-house judge to preside over an insider-trading case was “likely unconstitutional,” a potential blow to the agency’s controversial use of its internal tribunal.

This is another case concerning the SEC’s practice of stacking cases it brings against alleged miscreants by using its own judges to decide the matter.

Great Britain and its EU Referendum

Chris Deerin, writing for CapX, has an article titled England will be torn apart by the EU referendum. The setup is this: Prime Minister David Cameron promised a few years ago that were he reelected Prime Minister (i.e., were his party reelected to sufficient strength that it could at least form a coalition government and he selected Prime Minister), he’d hold a Great Britain-wide referendum by the end of 2017 on whether Great Britain should leave the European Union. In the event, Cameron’s party was reelected to an outright majority, he was selected to be Prime Minister, and he’s moving to keep his promise: Great Britain will hold the promised referendum by the promised deadline.

Ex-Im Banking

Boeing Co said it may temporarily provide financing for some aircraft purchases by airlines caught up in the uncertain future of the Export-Import Bank of the US if Congress fails to extend the bank’s mandate before it expires at the end of June.

Hmm….

Looks to me like yet another reason to let the Ex-Im Bank die its death. It’s not needed, as Boeing is demonstrating. Sure, they’re saying “temporary,” but without the bank—that is to say, without American taxpayers—guaranteeing Boeing’s sales income, Boeing will find a way, in the private economy that all of us citizens are in, to make its sales and collect its revenue from the buyer. Private Enterprise always finds a way, when government isn’t in the way.

Relevance

Some of you may recall that the Supreme Court is due to issue its ruling on the Obamacare case of whether the Federal government is allowed to pay health coverage plan premium subsidies to citizens who bought their health plans through ObamaMart instead of State-built and –run exchanges.

Health and Human Services Secretary Sylvia Mathews Burwell on Thursday defended the landmark 2010 US health law as sharply lowering the rate of uninsured Americans, improving health-care quality and making it more affordable.

The Wall Street Journal paraphrased her additional remarks:

Artificial Markets

The Car Battery and battery car industries are two, and the situation hasn’t gotten any better in the three years since Mike Ramsey’s piece in The Wall Street Journal.

Since 2009, the Obama administration has awarded more than $1 billion to American companies to make advanced batteries for electric vehicles. Halfway to a six-year goal of producing one million electric and plug-in hybrid vehicles, auto makers are barely at 50,000 cars.

Two of those companies, in fact, have since gone bankrupt: Fisker Automotive and A123 Systems now are wholly owned by People’s Republic of China’s Wanxiang Group Corporation. Without repaying us American taxpayers.

Government Imperative to Regulate

This time in the commercial space industry. There is a bill slowly wending its way through the House that would limit—or not—regulation of the nascent commercial space industry. This is a bill that would

…extend and update federal protection for commercial launches from some potential liability involving property damage or personal injuries and fatalities on the ground. The legislation [also would bar] the Federal Aviation Administration from closely regulating fledgling space-tourism ventures for up to 10 more years….

There’s a hint about the wrong mindset there. The hint is clarified by the bill’s supporters’ attitude. They [emphasis added]

What’s in Your Food?

It’s not PC to ask or to know, according to the World Trade Organization.

The World Trade Organization (WTO) just ruled that America’s popular country-of-origin labeling law (COOL) enacted in 2008 violates global trade standards because it erects a trade barrier to US meat imports from countries like Canada and Mexico.

Japanese customers don’t get to know that the beef they’re thinking about buying came from the US. Nor do PRC diners. Nor do American customers get to know that their beef is coming from Canada.

Such knowledge constitutes a trade barrier, don’t you know.

Market Disruption

…is what happens in a free market, and one result is wealth redistribution, not by inefficient, politically motivated government mandate, but morally and efficiently by voluntary exchange among market participants—folks like you and me. One example of this is the price of taxi medallions.

…leading cabbies and fleet owners throughout the USA worried that their industry will be decimated if local and state government doesn’t intervene.

In Chicago, which has the country’s second biggest fleet with roughly 7,000 taxis, the median sale price for a medallion hovered around $70,000 in 2007 before reaching a median sales peak of $357,000 in late 2013.