Wednesday, March 10, 2010

Regulators with the best of intentions

Ben Popken reports:
Starting next month, airlines delayed over 3 hours where passengers can't disembark will be fined a hefty $27,500 per passenger. Continental CEO Jeff Smisek said that to get around the fines, they'll just cancel the whole flight entirely. See, you can't fine a flight for not taking off on-time if the flight doesn't exist anymore. [AP]
PREVIOUSLY on the subject of regulations:
Businessmen report government regulations and red tape slowing the economy
Federal regulations responsible for raising health insurance premiums
Obama Administration appears to want to use campaign finance regulations to silence opposition
Regulators pressed banks to issue more and riskier loans
Regulators and the mortgage loan crisis
Obama Administration proposes polticizing financial regulations
Democrats blocked financial regulation reform
Who wants to be the last to die for a regulation
Obamacare regulations may raise insurance costs by 54%

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