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# Spring 2007 

Vol. 30 No. 1 

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##### From the Cover 

### [The Challenge of Hedge Fund Regulation ](/regulation/spring-2007/challenge-hedge-fund-regulation)

By Houman B. Shadab 

As other nations expand access to hedge funds, should the U.S. adopt tighter regulation?

### [The Mythical Benefits of Shareholder Control ](/regulation/spring-2007/mythical-benefits-shareholder-control)

By Lynn A. Stout 

Given the evidence that board governance benefits investors, why is there call for increased shareholder control of corporations?

### [A New Law for the Bond Rating Industry ](/regulation/spring-2007/new-law-bond-rating-industry)

By Lawrence J. White 

Will recent reform increase competition?

##### Features 

#### [The Wright Stuff ](/regulation/spring-2007/wright-stuff)

By [Richard A. Epstein](https://www.cato.org/people/richard-epstein) 

When is aviation reform not really reform?

#### [Stoking the Rigid Terror of Secondhand Smoke ](/regulation/spring-2007/stoking-rigid-terror-secondhand-smoke)

By Gio Batta Gori 

The contrived "science" behind the surgeon general’s recent report does not support officials' claims.

#### [Banking Regulation’s Illusive Quest ](/regulation/spring-2007/banking-regulations-illusive-quest)

Far from requiring greater government oversight, U.S. banking’s woes have been the product of regulation.

#### [The SBA’s Justification IOU ](/regulation/spring-2007/sbas-justification-iou)

By [Veronique de Rugy](https://www.cato.org/people/veronique-derugy) 

Does small business need government loan guarantees?

##### For the Record 

##### [Cigarettes and the Courts ](/regulation/spring-2007/cigarettes-courts)

##### [From Little Roads to “Roadless” ](/regulation/spring-2007/little-roads-roadless)

##### Mercatus Reports 

##### [Family Medical Leave Act ](/regulation/spring-2007/family-medical-leave-act)

By Joseph A. Rotondi 

##### [Food Advertising to Children ](/regulation/spring-2007/food-advertising-children)

By Joseph Adamson and [Todd Zywicki](https://www.cato.org/people/todd-zywicki) 

##### Briefly Noted 

##### [Reagan and the Wonks ](/regulation/spring-2007/reagan-wonks)

By Paul H. Rubin 

##### In Review 

##### [Book Review: *The Republican War on Science*](/regulation/spring-2007/book-review-republican-war-science)

By Jonathan H. Adler 

##### [Book Review: *The Cure: How Capitalism Can Save American Health Care*](/regulation/spring-2007/book-review-cure-how-capitalism-can-save-american-health-care)

By George C. Leef 

##### Final Word 

##### [Give Me a Home Where the Subsidies Roam ](/regulation/spring-2007/give-me-home-where-subsidies-roam)

By Tim Rowland 

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