Dumbing Down Regulation

If only our financial regulations were dumber! It’s not a cry you hear often. But phrased a little differently, it may be the most cogent criticism of the convoluted regulatory approach of recent decades–and one that applies to most of the Obama Administration’s financial-reform proposals. The argument goes like this: the biggest flaw in current financial regulation is not that there is too little of it or too much, but that it relies on regulators knowing best.

Share

Iran’s security council tells Moussavi to back off

Members of Iran’s influential National Security Council have told opposition leader Mir Hossein Moussavi that his repeated demands for the annulment of the June 12 election results are "illogical and unethical," state media reported. Esmaeel Kowsari told the government-run Iranian Labor News Agency in an interview Friday that the council met with Moussavi, former presidential candidates Mehdi Karrubi and Mohsen Rezaie, and former Iran President Ali Akbar Hashemi Rafsanjani, who now chairs the Assembly of Experts

Share

Iranian envoy: CIA involved in Neda’s shooting?

The United States may have been behind the killing of Neda Agha-Soltan, the 26-year-old Iranian woman whose fatal videotaped shooting Saturday made her a symbol of opposition to the June 12 presidential election results, the country’s ambassador to Mexico said Thursday. “This death of Neda is very suspicious,” Ambassador Mohammad Hassan Ghadiri said

Share

D.C.’s Metro Rail Crash and America’s Aging Transit System

Investigators are still sorting through the wreckage of Monday’s crash of two Metro rail cars in Washington, D.C., the deadliest in the system’s 33-year history, which killed nine people and injured scores of others. Federal officials said on Tuesday that the train that rear-ended another was an older model that lacked equipment that might have helped avert the collision and, according to the Washington Post, had been overdue for needed brake work

Share