regulators   507

« earlier    

Hospital 'abused' vulnerable adults in Durham - BBC News
The 17-bed hospital is one of scores of such units in England that provide care for just below 2,300 adults with learning disabilities and autism. [...] Dr Paul Lelliott, deputy chief inspector of hospitals at the CQC, told Panorama: "On this occasion it is quite clear that we did not pick up the abuse that was happening at Whorlton Hall.

"All I can do is apologise deeply to the people concerned."

The Department for Health and Social Care said it treated allegations of abuse with the "utmost seriousness", but could not comment any further because of the police investigation.

Many are detained under the Mental Health Act.

[...]

The Panorama findings come eight years after abuse was uncovered at another hospital for people with learning disabilities, Winterbourne View, near Bristol.

After that programme, the then prime minister, David Cameron, promised the mistreatment of patients would never happen again.
NHS  Austerity  Privatisation  CQC  oversight  self-regulation  regulation  regulators  mental  health  CAMHS  Disabled  Autism  disability  learning  culture  dignity  humanity 
27 days ago by asterisk2a
Minister hits out at UK property firms over £200m cladding bailout | UK news | The Guardian
self-serving capitalism

Brokenshire’s plan immediately ran into internal opposition when Melanie Dawes, his most senior civil servant, said it was bad value for money for the taxpayer and regressively diverted money to richer parts of the population. She said: “The public benefits of the scheme do not outweigh the costs of this transfer … the proposal does not meet the normal tests of value for money.”
UK  bailout  capitalism  self-regulation  regulators  regulation  CON-servative  Theresa  May  Tories  Conservative  Party 
5 weeks ago by asterisk2a
The price of plenty: how beef changed America | Environment | The Guardian
It's agribusiness
not agriculture
there is no culture in agribusiness.
and business has no ethics morals or self-regulation
This is an edited extract from Red Meat Republic: A Hoof-to-Table History of How Beef Changed America by Joshua Specht, published by Princeton University Press
agribusiness  agriculture  CAP  Europe  beef  self-regulation  FDA  food  poisoning  regulation  Brexit  regulators  oversight  Transparency  pollution  Klimakatastrophe  lobby  subsidies  subsidizing  obesity  nutrition  public  health  book 
6 weeks ago by asterisk2a
Academisation rebellion: parents resist school takeovers | Education | The Guardian
Campaigners say there has been a shift in parents’ attitudes, with many now better informed about academisation and more willing to challenge decisions to take their community schools out of local authority control and hand them to private trusts.
UK  education  school  Privatisation  Academy  Trust  Austerity  accountability  oversight  self-regulation  Regulation  regulators  Ofsted 
6 weeks ago by asterisk2a
(1521) The Myth of American "Capitalism" - YouTube
backhand subsidies
lobby influence
monopolies and oligopolies are price makers and consumers become price takers, there is no equilibrium.
Capitalism  book  monopoly  oligopol  oligopoly  competition  anttrust  anti-trust  free  market  self-regulation  Regulation  regulators  consumer  protection  subsidies  subsidizing  lobby  revolving  door 
10 weeks ago by asterisk2a
Lina Khan: ‘This isn’t just about antitrust. It’s about values’
March 29, 2019 | Financial Times | by Rana Foroohar.

Lina Khan is the legal wunderkind reshaping the global debate over competition and corporate power......While still a student at Yale Law School, she wrote a paper, “Amazon’s Antitrust Paradox”, which was published in the school’s influential journal..... hit a nerve at a time when the overweening power of the Big Tech companies, from Facebook to Google to Amazon, is rising up the agenda......For roughly four decades, antitrust scholars — taking their lead from Robert Bork’s 1978 book The Antitrust Paradox — have pegged their definitions of monopoly power to short-term price effects; so if Amazon is making prices lower for consumers, the market must be working effectively.....Khan made the case that this interpretation of US antitrust law, meant to regulate competition and curb monopolistic practices, is utterly unsuited to the architecture of the modern economy.....Khan's counterargument: that it doesn’t matter if companies such as Amazon are making things cheaper in dollars if they are using predatory pricing strategies to dominate multiple industries and choke off competition and choice.....Speaking to hedge funds and banks during her research, Khan found that they were valuing Amazon and its growth potential in a way that signified monopoly power..." I’m interested in imbalances in market power and how they manifest. That’s something you can see not just in tech but across many industries,” says Khan, who has written sharp pieces on monopoly power in areas as diverse as airlines and agriculture. " Khan, like many in her cohort, believes otherwise. “If markets are leading us in directions that we, as a democratic society, decide are not compatible with our vision of liberty or democracy, it is incumbent upon government to do something.” Lina Khan has had a stint as a legal fellow at the Federal Trade Commission, consulted with EU officials, influenced competition policy in India, brainstormed ideas with presidential hopeful Elizabeth Warren and — recently joined the House Subcommittee on Antitrust, Commercial and Administrative Law. The 2008 financial crisis she thinks “about markets, and the government’s response to them, and certain forms of intervention that they do take, and that they don’t take”.....Khan, Lynn and others including the Columbia academic Tim Wu have developed and popularised the “new Brandeis” school of antitrust regulation, hearkening back to the era in which Louis Brandeis, the “people’s lawyer”, took on oligarchs such as John D Rockefeller and JP Morgan.....Lina sees Amazon as not just a discount retailer but as a marketing platform, delivery and logistics network, a payment service, a credit lender, auction house, publisher and so on, and to understand just how ill-equipped current antitrust law was to deal with such a multi-faceted entity......a Columbia Law Review paper out in May 2019 will explores the case for separating the ownership of technology platforms from the commercial activity they host, so that Big Tech firms cannot both run a dominant marketplace and compete on it. via a host of old cases — from railroad antitrust suits to the separation of merchant banking and the ownership of commodities — to argue that “if you are a form of infrastructure, then you shouldn’t be able to compete with all the businesses dependent on your infrastructure”....“The new Brandeis movement isn’t just about antitrust,” .... Rather, it is about values. “Laws reflect values,” she says. “Antitrust laws used to reflect one set of values, and then there was a change in values that led us to a very different place.”

.
21st._century  Amazon  antitrust  Big_Tech  digital_economy  financial_crises  FTC  lawyers  Lina_Khan  monopolies  paradoxes  platforms  policymakers  predatory_practices  Rana_Foroohar  regulators  Robert_Bork  Tim_Wu  wunderkind  Yale  values  value_judgements 
11 weeks ago by jerryking
Washington State Bar Association Faces Possible Extinction
A bill that would diminish or dissolve the Washington State Bar Association carries potentially serious risks, including legal action, if it’s finalized, the group is warning legislators.

Three association governors and the group’s president-elect, Rajeev Majumdar, were to appear before the state Senate Law & Justice Committee on Tuesday to press the case against the legislation which has already cleared the House.

The proposal is “premature, its implications are currently unknown, and its unintended consequences are potentially substantial, irreversible and likely to lead to federal litigation,” the group said in prepared remarks.

The bill reflects an ongoing national conversation about the appropriate role of mandatory bar associations in light the U.S. Supreme Court decision in North Carolina State Board of Dental Examiners v. FTC.

That decision strips anti-trust immunity when boards are populated by working practitioners not under state supervision. Also in play is requiring mandatory membership fees that could impair First Amendment rights, as articulated in the high court in Janus v AFSCME.
regulators  governance  courts 
12 weeks ago by JordanFurlong
Why further financial crises are inevitable
March 19, 2019 | Financial Times | Martin Wolf.

We learnt this month that the US Fed had decided not to raise the countercyclical capital buffer required of banks above its current level of zero, even though the US economy is at a cyclical peak. It also removed “qualitative” grades from its stress tests for American banks, though not for foreign ones. Finally, the Financial Stability Oversight Council, led by Steven Mnuchin, US Treasury secretary, removed the last insurer from its list of “too big to fail” institutions.

These decisions may not endanger the stability of the financial system. But they show that financial regulation is procyclical: it is loosened when it should be tightened and tightened when it should be loosened. We do, in fact, learn from history — and then we forget.....Regulation of banks has tightened since the financial crises of 2007-12. Capital and liquidity requirements are stricter, the “stress test” regime is quite demanding, and efforts have been made to end “too big to fail” by developing the idea of orderly “resolution” of large and complex financial institutions.....Yet complacency is unjustified. Banks remain highly leveraged institutions.....history demonstrates the procyclicality of regulation. Again and again, regulation is relaxed during a boom: indeed, the deregulation often fuels that boom. Then, when the damage has been done and disillusionment sets in, it is tightened again........We can see four reasons why this tends to happen: economic, ideological, political and merely human.

* Economic
Over time the financial system evolves. There is a tendency for risk to migrate out of the best regulated parts of the system to less well regulated parts. Even if regulators have the power and will to keep up, the financial innovation that so often accompanies this makes it hard to do so. The global financial system is complex and adaptable. It is also run by highly motivated people. It is hard for regulators to catch up with the evolution of what we now call “shadow banking”.

* Ideological
the tendency to view this complex system through a simplistic lens. The more powerful the ideology of free markets, the more the authority and power of regulators will tend to erode. Naturally, public confidence in this ideology tends to be strong in booms and weak in busts.

* Political

the financial system controls vast resources and can exert huge influence. In the 2018 US electoral cycle, finance, insurance and real estate (three intertwined sectors) were the largest contributors, covering one-seventh of the total cost. This is a superb example of Mancur Olson’s Logic of Collective Action: concentrated interests override the general one. This is much less true in times of crisis, when the public is enraged and wants to punish bankers. But it is true, again, in normal times.

Borderline or even blatant corruption also emerges: politicians may even demand a share in the wealth created in booms. Since politicians ultimately control regulators, the consequences for the latter, even if they are honest and diligent, are evident.

A significant aspect of the politics is closely linked to regulatory arbitrage: international competition. One jurisdiction tries to attract financial business via “light-touch” regulation; others then follow. This is frequently because their own financiers and financial centres complain bitterly. It is hard to resist the argument that foreigners are cheating.

* Human
There is a human tendency to dismiss long-ago events as irrelevant, to believe This Time is Different and ignore what is not under one’s nose. Much of this can be summarised as “disaster myopia”. The public gives irresponsible policymakers the benefit of the doubt and enjoys the boom. Over time, regulation degrades, as the forces against it strengthen and those in its favour corrode.

The cumulative effect of these efforts is quite clear: regulations erode and that erosion will be exported. This has happened before and will do so again. This time, too, is not different.
boom-to-bust  bubbles  complacency  corruption  disaster_myopia  entrenched_interests  economic_downturn  financiers  financial_regulation  financial_system  historical_amnesia  Mancur_Olson  Martin_Wolf  policymakers  politicians  politics  procyclicality  regulatory_arbitrage  regulation  regulators  This_Time_is_Different  U.S._Federal_Reserve  stress-tests  financial_crises 
march 2019 by jerryking
Why America cannot fly alone
March 13, 2019 | Financial Times | by Edward Luce.

The US does not have a head of the Federal Aviation Administration.

It took about 72 hours for reality to close in on Donald Trump. One by one, the world’s regulators — led by China, swiftly followed by the EU — grounded Boeing’s 737 Max planes following two disastrous crashes. Under pressure from Mr Trump, America’s FAA held out. When Canada joined, America’s isolation was almost complete. Mr Trump’s stance offers a unique example of the world spurning America’s lead on airline safety. His reversal is a “teachable moment”.... on the realities of a fast-changing world. Why? The biggest factor is falling global trust in US institutional probity. Mr Trump’s budget this week proposed a cut to the FAA in spite of the fact that its air traffic control system remains years behind many of its counterparts. Moreover, the FAA lacks a chief.......The FAA has been flying without a pilot, so to speak, for more than a year. Little surprise America’s partners have lost trust in its direction.......More than halfway through Mr Trump’s term, one in seven US ambassadorships are still unfilled, including South Korea, Saudi Arabia and Pakistan. The same applies to key state department vacancies at home. Such is the level of demoralisation that William Burns, the former deputy secretary of state, talks of America’s “unilateral diplomatic disarmament”. US diplomats increasingly lack the resources — and trust — to do the patient work of persuading other countries to fall in with America...Recent examples of America failing to co-opt a single ally include its withdrawal from the Iran nuclear deal, pulling out of the Paris climate change accord and asking others to fill America’s soon to be empty shoes in Syria....many countries, including Britain and Germany, have rejected Mr Trump’s strictures on Huawei........Trump appears to be signalling that US courts are no longer independent of political whim. ....the most teachable aspect of the Boeing 737 controversy is the reality of the global economy. When China and the EU agree to the same regulatory standard, the US has little choice but to fall in line.......Under the Trans-Pacific Partnership, which previous US administrations negotiated, the US and its allies aimed to set the global standards for China. .....By the yardstick of might, the US is still the world’s heavyweight. But it works well only when combined with right. US regulatory leadership on drugs approval, technology, environmental standards and much else besides is falling behind. In spite of the US having the world’s leading technology companies, Europe is setting internet privacy standards.
aviation_safety  airline_safety  Boeing  budget_cuts  Canada  China  cutbacks  Edward_Luce  FAA  institutional_integrity  regulators  regulatory_standards  TPP  unilateralism  Donald_Trump  EU  airline_crashes  teachable_moments 
march 2019 by jerryking
Nortel hacking went on for years
FEBRUARY 14, 2012 | FT Alphaville | By Joseph Cotterill.
Chinese hackers had undetected access to sensitive Nortel data for almost a decade from 2000, the WSJ reports. The extent to which Nortel, the once-mighty telecoms giant, was compromised shows the lack of corporate defences against hacking. Nortel didn’t disclose its hacking problem to buyers of its assets. Spy software was so deeply embedded in Nortel computers that investigators failed to spot its existence for years. The SEC last year began pushing companies to classify serious cyber attacks on their infrastructure as “material risks” that may require financial disclosure.
China  Chinese  cyberattacks  cyber_security  cyberintrusions  disclosure  hackers  Nortel  regulators  risks  SEC 
march 2019 by jerryking
Regulatory showdown awaits for Big Tech — but who gets the job?
March 1, 2019 | Financial Times | Richard Waters.

Wanted: an antitrust enforcer to lead the charge against Big Tech. Must be able to invent novel applications of competition theory to digital markets.

There is a growing list of candidates for this job — but it isn’t at all clear who is best placed to jump into the hot seat.

The US Federal Trade Commission has just volunteered itself, setting up a task force to examine the dominant tech companies. Among the agency’s promises: it will consider new theories of harm that until now haven’t made it out of academia, and it won’t hesitate to push for the court-ordered unwinding of past mergers if it turns out they’re hurting competition.

One problem for competition regulators in the US is that they have taken too narrow a view of their roles, according to Tim Wu, a professor at Columbia Law School. They are concerned almost exclusively with protecting consumers from higher prices — something that doesn’t apply to “free” (advertising-supported) internet services. In his latest book, The Curse of Bigness, Wu calls for a return to a much broader interpretation of the US antitrust statutes, treating market concentration itself as an evil needing be to rectified.
antitrust  Big_Tech  books  FTC  regulation  regulators  Richard_Waters  Tim_Wu 
march 2019 by jerryking
Zahnimplantate: Kleine Schraube, großes Problem - SPIEGEL ONLINE
medical supplies industry
&! https://www.theguardian.com/society/2019/feb/13/government-accepts-debilitating-effects-of-medical-implants - Government accepts 'debilitating' effects of medical implants Recognition that commercial interests had trumped patient safety follows Guardian exposé
&! https://www.youtube.com/watch?v=-mPRnsofG3k - The Operation that Ruined My Life - BBC Panorama
medical  implants  self-regulation  regulation  regulators  oversight  transparency  registry  teeth  risk  Zahnimplantate  profit-maximisation  big  pharma  pharmaceutical 
february 2019 by asterisk2a
(185) Deutschland, Deine Döner - Was essen wir da eigentlich? | betrifft - YouTube
Phosphate im Essen = langzeit nierenschaden
Fake Doener
&! Die Fleischlüge: Warum Panscher nicht aufzuhalten sind - Frontal 21 | ZDF - https://www.youtube.com/watch?reload=9&v=K9-IV_Oi6bM
&! horse meat scandal
&! https://www.bbc.co.uk/news/world-europe-47071234 - Beef scare: Polish bad meat spreads to 11 EU states
&! https://www.youtube.com/watch?v=nyQx1QJbmpQ - Die Tricks der Fleischindustrie
Gammelfleisch  Fleisch  self-regulation  regulation  regulators  public  health  profit-maximisation  phosphate  Food  risk  prevention  Zusatzstoffe  panschen  Lebensmittel  transparency  quality  scandal  meat  horsemeat 
february 2019 by asterisk2a

« earlier    

related tags

#22  ?!  (ccr)  1%  1st'  1st  21st._century  21st_century_fox  4th  a  absence  abuse  academy  accountability  acquisition  actuator  actuators  addiction  advantages  afd  after  agenda2010  agribusiness  agriculture  ai  airbus  airline_crashes  airline_safety  airports  algonquin  algorithms  already  amazon's  amazon  american  an  anarchism  answers  anti-competitive  anti-trust  antibiotic  antibiotics  antitrust  anttrust  ao  apple  approval  aquarion  architecture  are  artificial  artificial_intelligence  as  associatedpress  at&t  at  austerity  autism  aviation  aviation_safety  avoidance  aws  bacteria  bailout  bame  banking  bayer  be  become  bee  beef  being  betting  beware:  biases  big  big_tech  billythekid  birds  blog_ideas  boeing  book  bookies  books  boom-to-bust  boom  bostonglobe  brazil  breakthroughs  brexit  broker  bubble  bubbles  budget_cuts  building  bus  business  by  camhs  canada  cap  capitalism  carcinogen  carcinogenic  carillion  charter  china  china_rising  chinese  chronic  class  climatecatastrophe  codathedog  coefficient  collapse  collusion  colony  competition  competition_policy  complacency  complex  complexity  components  con-servative  connecticut  conservation  conservative  constant  consumer  content  contra-amazon  contract  coping  corbyn  corporate_concentration  corruption  courts  cqc  crash  credit  crisis  crypto  cryptocurrency  ctpost  culture  current  customer  cut  cutbacks  cyber_security  cyberattacks  cyberintrusions  dark_side  data  data_and_society  davos  deaths  deforestation  democracy  department_of_justice  deregulation  digital  digital_economy  dignity  disability  disabled  disaster  disaster_myopia  disclosure  discretionary  dismissive  disorder  disposable  dividers  doj  donald  donald_trump  donaldtrump  door  doubleclick  downward  dream  driving  duopoly  ea  ecological  ecology  economic  economic_clout  economic_downturn  economics  edf  education  edward_luce  electrical  electronics  elon  energymarkets  engineering  entrenched_interests  environment  environmental  ethics  eu  europe  european  evasion  evolution  excess  exploitation  exposure  faa  faang  facebook  fda  files  filter  financial_crises  financial_regulation  financial_system  financiers  financing  first_movers  fittings  fleisch  fobt  food  food–industrial  for...  for  free  french  friction  ftc  fungicide  gambling  game_theory  gaming  gammelfleisch  gchq  gdp  gfc  gini  globalisation  globalization  glyphosate  google  goop  gop  governance  govt_depts  gravesites  growth  hack  hackers  hammered  have  health  herbicide  hiring  historical_amnesia  history  horsemeat  hour  house-brand  housing  how  humanity  hydraulic  ideas  imf  immigrants  implant  implants  in  income  india  industrial  industry  inequality  informational_advantages  insects  instagram  institutional_integrity  insurance  intelligence  interest  interesting_stuff  investigated  investigation  iphone  is  its  itu  jam  jeremy  jm  just  kallanishenergy  key  klimakatastrophe  labour  laundering  lawyers  learning  lebensmittel  led  leds  left  lessons_learned  let  lighting  lina_khan  lobby  lobbying  london  looking  lootbox  maladaptive  mancur_olson  mark  market  market_concentration  market_power  marketing  martin_wolf  masslive.com  maximisation  may  meat  mechanical  mechanism  medical  medicines  mental  meritocracy  meritocratic  mi5  mi6  millstone  minimum  miss  mobility  moderation  mom-and-pop  mom:  money  monopolies  monopoly  monopsony  monsanto  multi-resistance  musk  nasty  nationalgrid  naturalgas  neoliberal  neoliberalism  net  new  newsfeed  nhs  nimbleness  nirp  no  noise  nortel  nsa  nuclear  nutrition  obesity  observe  of  off  ofsted  oligarchy  oligopol  oligopoly  on  ontheroad  open  order  organization’s  orwell  orwellian  outlaw  oversight  panschen  paradoxes  party  paydayloan  pension  pesticide  pharma  pharmaceutical  phosphate  plaster  plastic  platform  platforms  plumbing  plutocracy  pneumatic  point  poisoning  policymakers  politicians  politics  pollution  poor  post-antibiotic  poverty  powermarkets  precariat  precriat  predatory_practices  presentations  pressure  prevention  prison  privacy  privatisation  processes  procyclicality  products  profit-maximisation  profit  protection  public  qe  quality  questions  rana_foroohar  rationing  real-time  recovery  recycling  reframing  registry  regulation  regulatory_arbitrage  regulatory_standards  representation  retailers  revolving  revolving_doors  rich  richard_waters  rights  rising  risk  risks  roadtrip  robert_bork  robotics  rtoinsider  safety  scale  scandal  scheme  school  search  seat  sec  secular  self-awareness  self-driving  self-medication  self-regulation  semiconductor  short-term  shorttermism  silicon  simon_kuper  snoopers  social  socialism  society  sociology  sound  sovereignty  soy  soya  spending  stagnation  state  stopped  stress-tests  stress  study  subcontracting  subpoena  subsidies  subsidizing  subsidy  super  superbug  supplier  surveillance-industrial  surveillance  sustainability  sustainable  swamp  symbolize  takes  target  tax  taxation  teachable_moments  technology_and_society  teeth  test  the  theday  theresa  this_time_is_different  tim_harford  tim_wu  time_warner  to  tories  totalitarianism  toxic  tpp  tracker  trade  transaction_costs  transparency  trap  trickle-down  trump  trust  trustworthiness  turbines  twitter  u.k.  u.s.  u.s._federal_reserve  uk  under_the_radar  underinvestment  unilateralism  union  united_kingdom  us:  usa  uses  valley  value_judgements  values  valves  vermont  vested  voltage  wage  waste  welfare  whatsapp  whistleblower  will  wind  windpower  windturbines  worker  workers  working  wunderkind  yale  york  youngguns  youtube  zahnimplantate  zero  zirp  zuckerberg’s  zusatzstoffe  |   

Copy this bookmark:



description:


tags: