January 2017

Trump wants to scrap two regulations for each new one adopted

President Trump signed an order Jan 30 aimed at cutting regulations on businesses, saying that agencies should eliminate two regulations for each new one. The White House later released the text of the order, which added that the cost of any new regulation should be offset by eliminating regulations with the same costs to businesses. It excluded regulations regarding the military.

The impact of the order was difficult to judge based on the president’s remarks. It could be difficult to implement under current law and would concentrate greater power in the Office of Management and Budget, which already reviews federal regulations. And it would add a new time-consuming requirement for any new congressional legislation on topics as varied as banking, health care, environment, labor conditions and more. President Trump said, “If you have a regulation you want, number one we’re not going to approve it because it’s already been approved probably in 17 different forms. But if we do, the only way you have a chance is we have to knock out two regulations for every new regulation. So if there’s a new regulation, they have to knock out two. But it goes way beyond that.” But experts on government policy said Trump’s formulation made little sense. “There’s no logic to this,” William Gale, a tax and fiscal policy expert at the Brookings Institution, said before seeing the executive order. “The number of regulations is not the key. It’s how onerous regulations are. This seems like a totally nonsensical constraint to me.”

How the Federal Trade Commission could (maybe) crack down on fake news

Are some news articles like acai berry fat-loss supplement offers? The answer could help determine whether US elections can shed the weight of false information. In an article published by the New Jersey State Bar Association, MSNBC chief legal correspondent Ari Melber argues that the news is as much a product as a diet pill — and that the fake variety could be regulated by the Federal Trade Commission in the same way as phony claims about the belly-blasting power of a certain botanical.

It's a complicated contention. “Absent the existence of libel, Supreme Court precedents suggest that the First Amendment protects a citizen expressing lies or their version of fake news,” conceded Melber, who has a law degree from Cornell. “Political operatives have strong case law to defend deceptive assertions as protected speech, especially if they show that the lies are part of some wider expression, be it political, satirical or artistic.” However, Melber added, “the court has ruled that some commercial speech, like advertising or communication concerned solely with business, gets less First Amendment protection than political speech.” If the FTC and the court system could agree that fake news isn't really a form of political discourse but is, instead, a kind of commercial offering in which “the political misinformation is the product,” then perhaps the nation's consumer-protection agency could stop some of it, he says.

Unlike most of the tech industry, the four telecom giants have been silent on Trump’s travel ban

While the tech industry as a whole started speaking out against President Donald Trump’s travel ban over the weekend, one segment has been noticeably silent: The big telecommunication firms.

There hasn’t been a peep from AT&T, Verizon, Sprint or T-Mobile, and there could be a clear reason why. Each of those firms really wants big things from the Trump administration and doesn’t want to risk angering the new president. Sprint and T-Mobile are seen as highly likely to seek approval for some sort of merger, while AT&T is in the midst of trying to buy Time Warner. Verizon, which has already made several deals, is seen as a potential buyer of a cable company or other major player that would require regulatory approval. All four would also like to see the Federal Communications Commission pull back on overall regulation, including the most aggressive parts of net neutrality.

Computer & Communications Industry Association Slams Immigration Order

Major computer companies are concerned with President Donald Trump's executive order temporarily banning refugees and immigrants from a handful of countries, even those with valid US visas. "We appreciate the checks and balances of our judicial system," said Computer & Communications Industry Association (CCIA) President Ed Black, "but the disregard for legal norms and due process shown by the Administration in issuing this order is alarming." The reference to checks and balances was because a judge over the weekend stayed the returning of some immigrants being held at US airports, citing the possible threat to their safety if they were returned per the President's executive order. “Many of our industry’s most successful companies were founded by immigrants. Immigrants help our industry to export goods and services around the world while creating jobs here at home," said Black. "Targeting lawful U.S. residents and visa holders for discriminatory treatment based on their national origin or faith is not in our national interest. It is not in our economic interest. It is not who we are."

Neutralising internet tax disparities

[Commentary] As much as “making America (or any country) great again” addresses the consequences of flows of production offshore, it behoves policy-makers to consider the parallel responsibilities of ensuring that American consumers (and indeed those of all other jurisdictions) pay their fair share of taxes as part of the social contract with their fellow countrymen. Given new technologies coming available (such as blockchain technology), rethinking internet taxes to focus upon the primary interest — the consumption of goods and services by taxpayer-citizens — warrants further consideration.

[Howell is a faculty member at the School of Management, Victoria University of Wellington, New Zealand.]