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Lunch today with Commissioner McDowell, and a riff on the ITU

by Tom Giovanetti | 0 Comments | June 7, 2012

 

We had a great luncheon in Dallas today with a lot of IPI friends who gathered to hear FCC Commissioner Robert McDowell. If you missed it, well . . . .you missed it.

In conversation with IPI’s Bartlett Cleland, Commissioner McDowell talked about a wide range of policy issues running the gamut from broadcaster issues and decency regulation, wireless and spectrum issues, and even FCC regulation of children’s toys.

Commissioner McDowell stressed the importance of the attempt by some countries to leave the current multi-stakeholder model of Internet governance and move toward one dominated by governments. In particular he warned that those who want to use the United Nations specialty organization the International Telecommunications Union (ITU) were well organized and sophisticated, that they are patient incrementalists, and that the attempt would be subtle rather than brazen. And that their ultimate plan is a “global USF” fund to finance broadband in developing countries.

 

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The Hollande disaster begins

by Tom Giovanetti | 0 Comments | June 6, 2012

 

You get what you elect, whether you're New York City electing a nanny and a scold for a mayor, or whether you're France, electing a Socialist instead of making necessary reforms to an already bloated government sector that promises greater benefits than the productive sector can possibly subsidize.

So the Hollande disaster is beginning for France. Today, Hollande decreed that they would LOWER the retirement age, from 62 down to 60.

“We committed to put this measure in place quickly for social justice for those who started working early,” said Social Affairs Minister Marisol Touraine.

The reforms will cost the state billions of euros a year but can be afforded through higher worker and employer contributions, according to the government.

 

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Today is IPv6 launch day

by Tom Giovanetti | 0 Comments | June 6, 2012

It's IPv6 launch day.

From Google:

In February 2011, the Internet Assigned Numbers Authority (IANA) ran out of addresses to allocate to the Regional Internet Registries. While some of your devices may already share a single address (your home router acts like a switchboard for your home's devices), if IPv6 isn't implemented you'd soon have to share a single address with multiple people or even a whole neighborhood. This tangled, constrained Internet would be unsafe and unsustainable.

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Easy to balance the federal budget

by Tom Giovanetti | 0 Comments | June 5, 2012

Tonight I'm going to be giving a talk about how it's actually easy to balance the federal budget. In fact, it's easy to balance it in 5 years.

Does that surprise you? You don't exactly hear that in the media, do you?

Did you know that if we simply cut federal spending by 1 percent a year, in the fifth year of doing so the federal budget would be balanced, and federal spending would be about 18% of GDP, which is a hair below the historical average since World War II?

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Posted in Economic Growth

The government borrows for transfer payments, not investment

by Tom Giovanetti | 0 Comments | June 5, 2012

Good stuff from Alan Reynolds at Cato:

In the real world of politics, however, Congress and the White House use borrowed money to placate constituencies with the most political clout. Federal spending on investment projects has essentially nothing to do with the huge 2009-2012 budget deficits (only 29 percent of which can be blamed on the legacy of recession, according to the CBO).

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Posted in Politics

Mitt Romney headed for a big win?

by Tom Giovanetti | 0 Comments | June 4, 2012

Friend of IPI John Feehery goes out on a limb and says Mitt Romney is headed for a big win in November.

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Posted in Regulation

Regulating Freedom

by Barry M. Aarons | 0 Comments | June 4, 2012

NY's banning the sale of certain junk foods is a dangerous slippery slope.

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So Romney's a Keynesian. Is that a Problem?

by Tom Giovanetti | 0 Comments | June 1, 2012

According to an opinion piece in today's Politico, Mitt Romney has revealed that he is a Keynesian. Is Romney a Keynesian? Is that a problem? And is anyone surprised?

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Next Round of Trans-Pacific Partnership Negotiations July 2-10, 2012

by Tom Giovanetti | 0 Comments | June 1, 2012

It's been announced that the next round of Trans-Pacific Partnership negotiations will be held in San Diego July 2-10, 2012.

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Posted in Economic Growth

How to Put a Waitress Out of Work

by Tom Giovanetti | 0 Comments | June 1, 2012

The free-market position has always been that minimum wage laws actually put people out of work by raising the marginal cost of employing a "marginal" employee. This helps deny to young, inexperienced, low-skilled workers those bottom couple of rungs on the employment ladder.

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Posted in Tax Reform

Boehner Holding Firm on "No Tax Hikes" Pledge

by Tom Giovanetti | 0 Comments | June 1, 2012

According to a story this morning on Reuters, Speaker of the House John Boehner is saying all the right things in opposing tax hikes on the wealthy and on small businesses.

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