Search Results for
May 24, 2022
ome of the approaches can provide immediate relief, but many of them involve fixing broken incentive systems through increasing competition and corporate oversight. Inflation is not just a flash-in-the-pan issue, it is a consequence baked into our market structure and regulatory regime.
May 24, 2022
Crypto’s ongoing blitz of advertisements that package speculation and fear of missing out (FOMO) in glittering terms is a danger to consumers all over the world. Below is a list of resources that will help the public see beyond the marketing hype and garner a true understanding of crypto assets and the industry at large.
May 17, 2022
The Tennessee Valley Authority, an independent agency of the federal government which acts as a public utility for over 10 million residents in and around Tennessee, announced in March that it would replace two aging coal-fired power plants with gas-powered plants. As the nation’s largest public utility company, the move goes against Biden’s goal to achieve a clean energy grid by 2035. TVA could be leading the charge for renewables, but its fossil fuel CEO Jeff Lyash, who comes out of fossil fuels, is instead choosing to lock in polluting gas for decades. This does not have to be the case.
May 17, 2022
We are firmly on track toward an unlivable world. And a man whose entire career is marked by hubris and greed, who touts the false benefits of methane gas and makes millions from fossil fuel firms and their allies, is being raised as a candidate for White House National Climate Advisor. To put our position plainly, “No.”
May 16, 2022
Donald Trump and his Department of Justice consistently made a mockery of the law throughout his four years in power. And while their laughable reasoning and indefensible positions were struck down at a historic rate, many cases were still waiting for Biden. The new administration tossed out a handful immediately but an alarming number remain, either in some form of pause or advancing forward with the Biden administration adopting Trump’s position.
May 11, 2022
The hearing was a golden opportunity for Congress to actually hold a corporation to account for its objectively horrendous and potentially illegal behavior. On an ostensibly bipartisan issue like the opioid epidemic, one could be forgiven for thinking that the hearing would do just that.
May 10, 2022
In March, six months after the start of Fiscal Year 2022, Congress finally passed an omnibus funding agreement that brought agencies out from under the shadow of Trump-era austerity (although still fell far short of enacting the funding levels that most agencies require to meet their responsibilities to the public). Critically, in the case of at least one agency, the omnibus did not just grant the money to hire new staff, but the means to do so much more quickly. At the Internal Revenue Service (IRS), Congress greenlit the use of direct hiring authorities to empower the agency to temporarily forgo some of the more onerous aspects of the federal hiring process as well as to facilitate a quick rebuilding of the IRS’ notoriously depleted ranks. With this designation, Congress acknowledged that staff shortages at the IRS had reached a state of emergency and thus acted accordingly.
April 28, 2022
enforcing the U.S. tax code. Much has been written regarding the IRS’ gutting over the years. The agency has been systematically defunded, deresourced, and attacked by political operatives for decades, at a grave cost to the basic functionality of our government, and to the benefit of only the richest Americans. These trends were only exacerbated under the Trump administration, which was hyper-focused on dismantling the tax system to benefit its corporate and billionaire cronies. Unfortunately, the Trump administration’s destructive influence remains pervasive throughout the IRS, with Trump’s Commissioner, Charles Rettig, still installed as the governing head of the agency while finishing a 5-year term (at the pleasure of the president) set to expire in 2022.
April 25, 2022
Nearly halfway through President Biden’s second year in office, with midterms on the horizon and senior staff either burning out or eager to sell out, “Transition 2.0” — the rapid departure of said senior staff with an influx of new personnel — is growing closer. One position we’re keeping a close eye on is Biden’s next Chief of Staff. Currently filled by Ron Klain, this is Biden’s de facto power broker. He helps the president make decisions and acts as a gatekeeper for the many, MANY forces, good and bad, who’d like to influence the president.
April 19, 2022
Responsible for creating “conditions for economic growth and opportunity,” the full powers of the DOC must be leveraged to combat economic malaise. Since the modern department was established in 1913, the DOC’s powers have generally been neglected and poorly understood. That’s in part reflective of the DOC’s byzantine structure: it’s a seeming grab-bag of agencies that either don’t fit in neatly with any other department, or are located within the DOC as a result of 20th century political knife-fights.
April 14, 2022
Over a decade after the financial crisis, few would still dispute that the revolving door between financial regulators and the financial industry helped pave the way for economic disaster. In the years preceding the crash, regulators who came from the country’s largest banks and planned to promptly return to them, removed regulatory restraints and turned a blind eye to the predictably dangerous effects (see, e.g. Robert Rubin and Alan Greenspan). In the next administration, different regulators drawn from the same well let the fraudsters off the hook and left the working people who had fallen victim to them out to dry.