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Regulation

Obama Coddling Big Oil On “Bomb Trains” Rules

When Richard Revesz, Dean Emeritus of New York University Law School, introduced Howard Shelanski at his only public appearance so far during his tenure as Administrator of the White House Office of Information and Regulatory Affairs (OIRA), Revesz described Shelanski as, “from our perspective, close to the most important official in the federal government.” OIRA has recently reared its head in a big way because it is currently reviewing the newly-proposed oil-by-rail safety regulations rolled out by the Department of Transportation (DOT) and Pipeline and Hazardous Materials Safety Administration (PHMSA). During his presentation at NYU, Shelanski spoke at length about how OIRA must use “cost-benefit analysis” with regards to regulations, stating, “Cost-benefit analysis is an essential tool for regulatory policy.” But during his confirmation hearings, Shelanski made sure to state his position on how cost-benefit analysis should be used in practice. Shelanski let corporate interests know he was well aware of their position on the cost of regulations and what they stood to lose from stringent regulations. “Regulatory objectives should be achieved at no higher cost than is absolutely necessary,” Shelanski said at the hearing.

Cab Drivers Gridlock Europe In Protest At ‘Unregulated’ Taxi App

Several major European cities ground to a halt on Wednesday as licensed taxi drivers took to the streets in mass protests against the smartphone taxi app Uber. Demonstrations in London, Paris, Madrid, Barcelona, Berlin, Milan and Rome caused travel chaos and long tailbacks, as taxi drivers protested against the app, which they argue is unregulated and threatens their livelihood. In London, Trafalgar Square and Whitehall were jammed from the start of the planned "go slow" at 2pm, as thousands of black cabs gathered honking their horns, bringing total gridlock to the centre of the capital, while supporters waved banners and started occasionally chanting: "Boris, out!" A spokeswoman for Uber, the US start-up which links minicab drivers to passengers via a GPS-based smartphone app, said the protests had boosted new users in London by 850%, as people tried to cope with the gridlock. But the company, based in San Francisco and backed by Google and Goldman Sachs, came under increasing pressure to be more transparent about its tax set-up. Taxi associations claim Uber routes its payments through headquarters in the Netherlands to minimise its corporation tax payments in France, the UK and Germany – in a similar manner to Apple and Starbucks, which have found themselves in the firing line for the practice.
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