Opening the Skies: Put Free Trade in Airline Services on the Transatlantic Trade Agenda

The EU and the United States began negotiations for a Transatlantic Trade and Investment Partnership (TTIP) in 2013, with the primary goals of reducing impediments to cross-border trade and investment and achieving greater economic integration between the two areas. Curiously, there has been a near absence of discussion in the TTIP negotiations of freeing trade and investment in commercial airline services.  In a new study, transportation policy expert Kenneth J. Button argues that the objections to liberalization lack genuine merit, offers insights into how U.S. airline passengers and businesses would benefit from opening the domestic air market to competition, and urges the U.S. and EU governments to put free trade in commercial air services on the TTIP negotiating agenda.

Responsible Counterterrorism Policy

Terrorism is a hazard to human life, and it should be dealt with in a manner similar to that applied to other hazards—albeit with an appreciation for the fact that terrorism often evokes extraordinary fear and anxiety.  In a new study, John Mueller and Mark G. Stewart look at four issues central to risk analysis for terrorism — the cost per saved life, acceptable risk, cost–benefit analysis, and risk communication — and assess the degree to which risk analysis has been coherently applied to counterterrorism efforts by the U.S. government.

The Export-Import Bank and Its Victims: Which Industries and States Bear the Brunt?

The charter of the Export-Import Bank of the United States is set to expire on September 30. Proponents of reauthorization claim that by increasing exports and jobs, Ex-Im benefits the U.S. economy. But according to a new study from Cato scholar Daniel J. Ikenson, in that advocacy, the benefits are exaggerated and the costs totally ignored.

Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve

The U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda.  In a new study, finance professor Kevin Dowd looks at the weaknesses and problems with the Fed’s regulatory stress tests.  According to Dowd, while these tests were intended to make the financial system safe, they have instead created the potential for a new systemic financial crisis.

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Constitution Day 2014

To celebrate Constitution Day and the publication of the thirteenth annual Cato Supreme Court Review, the Cato Institute’s Center for Constitutional Studies Presents a Symposium:

The Supreme Court: Past and Prologue
A Look at the October 2013 and 2014 Terms

Wednesday, September 17, 2014
10:30 a.m. – 7:00 p.m.

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