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FRB: Speech, Greenspan -- Government regulation and derivative contracts -- February 21, 1997 If incentives for private market regulation are weak or if market participants lack the capabilities to pursue their interests effectively, then the introduction of government regulation may improve regulation. We must be aware that government regulation unavoidably involves some element of moral hazard--if private market participants believe that government is protecting their interests, their own efforts to protect their interests will diminish to some degree. Before evaluating the current regulation of derivatives in light of these considerations, it is quite useful to know something of the history of these instruments and their regulation. www.federalreserve.gov /boarddocs/speeches/1997/19970221.htm   (4348 words)

Grandfather Government Regulation Cost Report - summary by MWHodges Government mandated regulatory compliance costs are huge amounts: as much as all spending by state and local governments (education, police, welfare, etc.), or twice as much as social security and Medicare spending, or 3 times more than national defense. The larger the section of the economy that is consumed by government spending, and the higher the regulatory costs mandated, the smaller the effective share of the economic pie remaining to the 'free-market private' sector. Most agree the private sector (not the government sector) is the prime generator of long-term real median family incomes, living standards, real private savings and freedom. mwhodges.home.att.net /regulation.htm   (982 words)

Government regulation Article, Governmentregulation Information   (Site not responding. Last check: 2007-10-09) Government regulation involves the use of the law, mandated by the state, to produce outcomes which might not otherwise occur, prevent outcomes which mightotherwise occur, produce or prevent outcomes in different places to what might otherwise occur, or produce or prevent outcomes indifferent timescales than would otherwise occur. Regulations rarely producecomplete outcomes or prevent outcomes completely but they generally do modify what would otherwise take place. Efficient regulations may only be said to existwhere on average their total benefits exceed their total costs. www.anoca.org /outcomes/otherwise/government_regulation.html   (192 words)

Encyclopedia: Government regulation   (Site not responding. Last check: 2007-10-09) Law (from the Old Norse lagu) in politics and jurisprudence, is a set of rules or norms of conduct which mandate, proscribe or permit specified relationships among people and organizations, intended to provide methods for ensuring the impartial treatment of such people, and provide punishments of/for those who do... A state is an organized political community occupying a definite territory, having an organized government, and possessing internal and external sovereignty. The government regulated the construction of power plants, the rates to be charged for power, and the maximum profits energy companies could earn. www.nationmaster.com /encyclopedia/Government-regulation   (557 words)

Report of the Commission on Protecting and Reducing Government Secrecy Even as billions of dollars are spent each year on government secrecy, the classification and personnel security systems have not always succeeded at their core task of protecting those secrets most critical to the national security. The tendency of individuals in a government agency to protect too much by erring on the side of secrecy will not change through mere exhortation, but only as a result of common principles that are grounded in statutory language. Government agencies will always feel (and probably should always feel) that they have better things to do than worry about and devote resources to declassifying information that may be a half-century old. www.fas.org /sgp/library/moynihan/sum.html   (4669 words)

Sidney A. Shapiro, Outsourcing Government Regulation, 53 Duke L. J. 389 (2004)   (Site not responding. Last check: 2007-10-09) The literature on outsourcing government services recognizes this distinction when it notes that it is easier to contract for government services in cases where the parameters of a vendor's performance can be clearly specified in advance. This means it is easier for the government to contract for garbage pickup than for private prisons because the former function does not require discretionary judgments by private employees in circumstances in which it is difficult to specify in advance how the employees should act. To ensure that the government's interests are properly implemented, the government would have to be in continuous negotiation with the private contractor, which makes it less expensive to have these activities done within the government in the first place. www.law.duke.edu /journals/dlj/articles/DLJ53P389.HTM   (15090 words)

Nonprofit Accountability: The Sector's Response to Government Regulation Their motivation seems to stem in part from a generalized distrust of government and I suppose to this extent they partake of the spirit of the times. In contrast, it might be argued that the need for government regulation in the nonprofit sector is slight since those who work in the nonprofit sector are presumably motivated to seek the good of others. Rather, the "us" is understood as a combination of the government regulators and the myriad of those who work for nonprofits that do not abuse their public trust and the "them" is the very small number that do. www.qual990.org /np_account.html   (11000 words)

GoVeg.com // Government Regulation Sadly, the government agencies that we count on to keep massive factory-farming businesses in line are being bought and sold by the very corporations that they’re supposed to be monitoring—and with tragic consequences. Perhaps even more insidious than the campaign contributions to legislators is the fact that the people we count on to regulate the factory-farming industry have often worked for this very same industry prior to working for the government or plan to work for it upon retiring from the public sector. John Stauber of the Center for Media and Democracy warns that the most serious consequences of the government’s failure to regulate the meat industry are yet to come: “The recent ‘bad news’ about meat is just the tip of the iceberg. www.goveg.com /government.asp   (542 words)

Chapter 1: Theory of Markets The discussion of government failures to this point has assumed that the government officials are competent and seek to achieve the public good in the area of privacy protection. Compared to government regulation, it is plausible that self-regulation will do a better job of inducing voluntary compliance with norms--a sense of honor or ethical pride in adhering to high standards might be diluted if enforcement is done through bureaucratic rules and procedures. Government regulation is subject to the well-known possible failures of rigid, costly, and/or ineffective rules. www.ntia.doc.gov /reports/privacy/selfreg1.htm   (20267 words)

23. Early Government Regulation (1903-1946) The Conference's Final Protocol outlined issues which the governments of the participating countries were asked to review, pending a proposed international convention, which convened in 1906. In 1904, various U.S. government agencies, including the Navy, the Department of Agriculture, and the Army's Signal Corps had all begun setting up their own radio transmitters, with little coordination between the various departments. Early Radio Station Lists Issued By the U.S. Government is a review I've put together of the early official government lists that were published by the various governmental departments. earlyradiohistory.us /sec023.htm   (1550 words)

Government Regulation AB 1302 (Horton) - gives the Office of Administrative Law the ability to review regulations put forth by state agencies for their impact on small business. Regulation at all levels of government is a major issue for small businesses. We do however want to have input on regulations that are put forth by state agencies and we want the regulations put forth in understandable terms, have reasonable timelines, at a cost that will input small businesses the least. www.smallbusinesscalifornia.org /government_regulation.htm   (447 words)

Mexican government publishes gaming law Regulation With that said, one should not jump to the conclusion that the Regulation is a prelude to passage of the initiative authorizing casinos, although the way it is structured amendments and additions could be made quite quickly and easily. According to the document, the objective of the secondary code is to regulate the law’s provisions for authorization, control, vigilance and inspection of gaming, both when betting is involved and for raffles or the like. As an example of what is found in the seven page Permits section of the Regulation (that includes 40 articles), it states that betting and raffle activities can be organized and operated only after written permission has been granted by the Secretariat of Government. www.mexidata.info /id286.html   (751 words)

Government Regulation of Commercial Speech and the First Amendment The Court reasoned that the broad powers of government to regulate commerce must reasonably include the power to regulate speech concerning articles of commerce. For all other restrictions on commercial speech, however, the Court's test requires that the government show that the regulation directly advances an important interest and is no more restrictive of speech than necessary. The government's interest in restricting the speech is substantial, the regulation in question directly advances the government's interest, and the regulation is no more extensive than necessary to serve the government's interest. www.law.umkc.edu /faculty/projects/ftrials/conlaw/commercial.htm   (810 words)

Government Regulation of Internet Content The judge explained that "as interpretations of obscenity ebb and flow throughout various communities, restrictions on indecent material are meant to cover greater or lesser quantity of material not reached by each community’s obscenity standard. Specifically, it argues that the described CDA provisions violate the First Amendment on their face and as applied, to the extent they prohibit "indecent" communications made "with intent to annoy" another person, because they are impermissibly over-broad and vague. These CDA provisions are alleged to be less defensible than those that have already been struck down because they do not serve any government interest in protecting children and because they have no "safe harbor" defenses, as the other provisions do. www.usual.com /article4.htm   (1898 words)

HUD's Regulation of Government-Sponsored Enterprises   (Site not responding. Last check: 2007-10-09) HUD regulates two housing government-sponsored enterprises, Fannie Mae and Freddie Mac (the GSEs), which were chartered by Congress to create a secondary market for residential mortgage loans. The Secretary of HUD is the mission regulator for Fannie Mae and Freddie Mac, with oversight authority to ensure that both GSEs comply with the public purposes set forth in their Charters. Each regulation set new levels for the housing goals and was dated as follows: December 1, 1995 for the years 1996-2000 (the "1995 Regulation"); October 31, 2000 for the years 2001-2004 (the "2000 Regulation"); and November 2, 2004 for the years 2005-2008 (the "2004 Regulation"). www.hud.gov /offices/hsg/gse/gse.cfm   (1297 words)

Bruce Bartlett on Enron and the Media on NRO Financial And because federal regulation usually preempts state regulation, businesses can often reduce their regulatory burden by having the federal government set a lower standard than states might set. Regulation can also create business for many companies, who will then fight any effort to reform it no matter how wrongheaded. They are not shy, either, about using their political connections to fight efforts to reform the regulations that provide them with a good living. www.nationalreview.com /nrof_bartlett/bartlett032702.asp   (965 words)

Government Regulation Because government rules are too broad, most companies will not know what to expect, and waste valuable resources in a courtroom, debating what the vague government policy suggests in their case. According to the pure enforcement model, the government can regulate privacy because it has the power of enforcement, unlike the market or the industry. In designing privacy regulations, one must weigh the costs and risks of privacy regulations, and consider whether it is worth the benefit of protection. www.stanford.edu /~tqian/pwr2/govreg.htm   (439 words)

Gamasutra - Features - "Question of the Week Responses: Game Ratings and Government Regulation?" None of our respondents found the idea of government regulation of video games very appealing, with most expressing their belief that the ESRB is doing a good job of game industry self-regulation. Government legislation is a horribly bad idea because the government has no real understanding of games and how they are made and sold. As for government rated games… no! They already rape the TV industry and in my opinion are terrible at what they do. www.gamasutra.com /features/20050725/hong_01.shtml   (3871 words)

Grandfather Government Regulation Cost Report - page 1 - by MWHodges The relative share of the economy represented by the pure free-market private sector is determined by the share of the economy controlled by federal, state and local governments - which is determined by the sum of government spending plus all costs to the private sector for compliance with government-mandated regulations. The problem is that government is used to increasing its share of the economy, both by its spending and by imposing regulatory compliance costs on its citizens. Regulatory Changes and Trends: An Analysis of the 1998 Budget of the U.S. Government by Christopher Douglass, Michael Orlando, and Melinda Warren - Policy Brief 182, August 1997 - the chart and its comparison to economic growth is by MW Hodges. mwhodges.home.att.net /regulation_a.htm   (3961 words)

Government regulation - Wikipedia, the free encyclopedia Government regulation involves the use of the law, mandated by the state, to produce outcomes which might not otherwise occur, prevent outcomes which might otherwise occur, produce or prevent outcomes in different places to what might otherwise occur, or produce or prevent outcomes in different timescales than would otherwise occur. Regulations rarely produce complete outcomes or prevent outcomes completely but they generally do modify what would otherwise take place. This page was last modified 12:07, 3 February 2006. en.wikipedia.org /wiki/Government_regulation   (171 words)

He's Still "That Man" - The Bushies' war on Franklin Roosevelt. By Daniel Gross The theory that new taxes and regulation would inevitably hamper economic growth and destroy America exerted a powerful hold on the minds of the business establishment and the economic right in the 1930s—just as it does today. Now that they indisputably control all three branches of government, Republicans finally have the opportunity to slay some of the liberal demons that have been bedeviling them for so long. For 70 years, conservatives have been telling us that the American economy—whether it's in recession or whether it's booming—is laboring under the shackles of the burdensome taxation and misguided regulation placed upon it by FDR and his successors. www.slate.com /id/2112796   (1147 words)

Government Regulation and Industry Self-Regulation Libraries and schools have responded to the possibility of government regulation, and the filtering controversy more generally, in a number of ways. Although not explicitly stated in the regulations, companies may collect and use children's information in the aggregate as information in this form is not covered under the law. Consumer and child advocates contend that the only way currently to verify that parents have agreed to release their child's data is to obtain a traditional signature – either through postal mail, via fax or to speak with a parent by telephone. www.nsbf.org /safe-smart/regulation.htm   (4410 words)

TechBlog: Government & regulation Archives Here's one to raise paranoia levels everywhere: The U.S. Government has worked with some manufacturers of laser printers to imbed what amounts to an ID code in each printed page. Someone who (while not needing to be an expert in copyright regulation) has opinions and ideas about how to balance artist's rights with the free exchange of culture. Austin-American Statesman, Senator Fraser, the chairman of the Senate Business and Commerce Committee, and Representative King, the chairman of the House Regulated Industries Committee, have agreed on the content of Senator Fraser's bill, and the House is expected to pass a substantially similar bill. blogs.chron.com /techblog/archives/government_regulation   (3404 words)

Peltzman, Sam: Political Participation and Government Regulation Given the media's portrayal of the cynical political atmosphere in America, Peltzman's responses are rather surprising—the electorate really does make well-informed decisions and elected officials actually do tend to vote according to their constituents' interests. These conclusions bear the stamp of the Chicago approach to political economy (which applies microeconomic principles to political phenomena), an approach that has had considerable success explaining why certain government policies have not achieved their intended effects. It will be essential to anyone who wishes to study government activity and voting behavior from an economic perspective. www.press.uchicago.edu /cgi-bin/hfs.cgi/00/13595.ctl   (233 words)

Regulatory Reform: No Silver Bullet -- The Christmas Conspiracy! That's the message the Libertarian Party wants to send to government lawyers who plan to prosecute Readers Digest over its popular sweepstakes -- and who apparently "think that Americans are... We can all laugh at silly government regulations. All for violating an arbitrary government regulation that defies common sense and logic. members.aol.com /wundrer/issues/regulation.htm   (379 words)

Salon.com Books | Information poisoning   (Site not responding. Last check: 2007-10-09) What I have been unprepared for is the underlying anger that has sometimes tinged it. And government regulation -- I thought we were trying to get less of that in our lives. Regulation by government or corporations, take your pick www.salon.com /books/feature/2001/01/08/carr   (528 words)

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