…is the FTC’s and the nation’s gain, as President Obama nominates Josh Wright of Truth on the Market and George Mason University to a Republican seat on the Federal Trade Commission. Among our many links to his work: Posner and expert witnesses, Spanish professor sued by recording industry, e-book antitrust case, forum-shopping in Philadelphia, Chicago on law and econ, Google antitrust, executive debarment, cheap calories, behavioral law and econ, unisex insurance rates, Dodd-Frank, and many, many others. More reactions: Stephen Bainbridge, Ted Frank (“Best thing Obama’s ever done”).
Columnist Debra Saunders quotes me on the Federal Trade Commission’s extraction of $40 million from a shoe maker for hyping its sneakers in its ads. As Saunders points out, we rely on Washington, D.C. for help on issues like this since if there’s anything the political class is earnestly opposed to, it’s overpromising. [San Francisco Chronicle]
In the face of substantial Congressional opposition (although an earlier Congress had helped push for the idea in the first place) the Federal Trade Commission may be easing off its zeal for tougher federal oversight of cereal ads and the like. [Glenn Lammi, Washington Legal Foundation]
Rivals are pushing for the Federal Trade Commission to take more aggressive antitrust action against the search company, and have now enlisted Sens. Herb Kohl (D-Wisc.) and Mike Lee (R-Utah) in their cause. [Geoffrey Manne, Jim Miller & Dan Oliver/NRO, Coyote]
The official Australian Competition and Consumer Commission is menacing businesses with audits, “substantiation notices” and potentially stiff fines if they tell customers — even over the phone or in emails — that future price hikes on goods or services are the result of the nation’s newly adopted carbon tax. I discuss at Cato at Liberty (& Mark Hemingway, Weekly Standard).
Settling a lawsuit filed by the Federal Trade Commission, the maker of the drink agrees to warn on its label that it really has quite a lot of alcohol in it and can get you tipsy without having to go back often for refills. As Elie Mystal notes, the “warning” might fit rather nicely into the beverage’s marketing strategy. Scott Greenfield has thought of a parallel case.
“… Then Sues Them For Doing So.” If ObamaCare doesn’t get you, it seems, FTC antitrust enforcement might. [Peter Suderman, Reason]
The Federal Trade Commission “today released a 300-page report examining the effect that patent trolls – or as the FTC more tactfully dubs them, ‘patent assertion entities’ – have on competition…. The practice, said the FTC, ‘can deter innovation by raising costs and risks without making a technological contribution.’” [BLT]
I’ve got a new post up (my first, in fact) at Cato at Liberty taking issue with my friends at the Competitive Enterprise Institute over their petition to the Federal Trade Commission asking it to investigate General Motors’s ridiculous bailout ad campaign.