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President Obama made a great choice for his “regulatory czar” – a.k.a. the administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget. Howard Shelanski, a professor of economics and law at Georgetown with impeccable government and academic credentials, will replace Cass … The announcement from Samsung that it has found the secret to 5G wireless reminds us that the technology revolution is moving at an amazing pace. 5G, which Samsung says it aims to commercialize by 2020, would enable consumers to download vast data files such as high-definition video in a matter … By Robert Hahn, Peter Passell | Category: Internet, Quick Takes, Wireless Regulation |
 Leave a commentTom Lenard (Technology Policy Institute) and Larry White (NYU Stern School) raised in interesting issue in Politico this week. Will broadcast television survive its technological, economic and cultural obsolescence much longer? Equally to the point, would we be better off without it? TV broadcasters are spectrum hogs, … The Financial Times recently published commentary by Jacob Weisberg deploring Amazon.com’s use of political and financial muscle to avoid collecting sales taxes on out-of-state purchases. Amazon, he notes, only recently relented because the company sees greater advantage in positioning warehouses closer to customers. Wall Street Journal writer Gordon Crovitz … By Robert Hahn, Peter Passell | Category: Economic Theory, Internet, Internet regulation, Quick Takes, Tax Policy |
Leave a commentYoung adults have done a better job than older Americans of reducing debt since the Great Recession, but they’re deferring some traditional parts of the American Dream to do so. That may be good personal budgeting, but the spending pullback is likely one reason for anemic economic growth. Political rhetoric in U.S. political campaigns suggests that factory jobs are all fleeing overseas, but a recent report from the Congressional Research Service (CRS) suggests the facts aren’t quite that simple. There’s no doubt that factory work accounts for a shrinking share of total employment, but CRS says the … By Robert Hahn, Peter Passell | Category: Economic Statistics, Economic Theory, Quick Takes |
Leave a commentIt turns out that a court ruling rejecting New York Mayor Bloomberg’s bid to crack down on supersized soft drinks may have saved the Mayor from regulatory backfire. At least that’s the suggestion from a new study that suggests that food sellers would have responded with menu options that would … Mark Twain once called the reports of his death greatly exaggerated, which is how we feel about competition in the telecom sector. Despite the protestations of those who keep urging new government regulation to assure continued choices in cable TV and wireless, the market keeps telling us that competition is … The Federal Communication Commission, which oversees the gigantic U.S. market for telecommunications, recently released its sixteenth report on the state of competition in the wireless industry. It’s chock-full of data, grist for business strategists and policy nerds seeking to understand the dynamics of a fast-paced wireless industry and its uneasy … The 2007-2008 recession put a major dent in Americans retirement plans and probably means that an awful lot of senior citizens will be hard at work when they might rather be relaxing on the beach or in their backyard hammock. According to the Center for Retirement Research, 53 percent of … |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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