Archive for September, 2010

An ombudsman? For CPSIA?

Rick Woldenberg reacts to a peculiarly inutile suggestion, in a Baltimore Sun interview, from CPSC chair Inez Tenenbaum (“We think if we had a small-business ombudsman who was out there regularly educating small businesses, we could help them prevent problems in terms of compliance.”):

…The necessary implication is that we small businesses are just too stupid to understand their complicated rules – I guess she thinks only Mattel can read the English language. Of course, the pending testing frequency rule (which I believe will be implemented in the coming weeks, get ready for it) will cause our company to spend $15 million per annum on testing. This sum far exceeds our profits. Perhaps the ombudsman will help us terminate our people to pay for testing, or provide a shoulder to cry on.

An Easter egg for Massachusetts employers

A “new change to [Massachusetts] law now requires companies to notify employees about any potentially negative information added to their files. The amendment, which Gov. Deval Patrick signed into law on August 5, was tucked away in an ‘economic development’ bill laden with higher-profile items like the recent sales-tax holiday. …. this new personnel-records rule is going to lead to more employee lawsuits.” [Gruntled Employees via Susan Cartier Liebel]

Cato Constitution Day — Thurs. Sept. 16

On Thursday the Cato Institute will be holding its annual day-long Constitution Day symposium, which is also a celebration of the publication of the ninth volume of the annual Cato Supreme Court Review. I’ll be moderating (stepping in for Roger Pilon) on the second afternoon panel, which will cover three business-related cases recently decided by the Court: Jones v. Harris on mutual fund fees, Free Enterprise Fund v. PCAOB on one of the terms of the Sarbanes-Oxley law, and American Needle v. NFL on the scope of antitrust exemption. All three principal panelists are well-known bloggers: Larry Ribstein of Illinois (Jones) and Josh Wright of George Mason (American Needle) at Truth on the Market, and Hans Bader of CEI (Free Enterprise Fund) at Open Market (he’s also guestblogged on the PCAOB case right here). The event is open to the public, but reservations are required. More: Larry Ribstein, Josh Wright.