reserve that caps on debit swipe fees were still too high and john breaux well from the competitive enterprise institute pointed out that should the fed adopt leland's interpretation it will almost certainly result in more bank and credit union fees for consumers. but it's not all bad news so while merchants and credit card companies are arguing over who pays what and swipe fees the electronic payment system is quickly gave the market share over the antiquated banking system there is a full wad of new innovations emerging including mobile payments mobile wallets virtual currencies crowdfunding and more that's changing the way we financially interact with one another so if you're not sold by the durbin amendment don't worry it's not the end all and now let's get to today's daily. jesu's bad if you get sam sadducees here for the daily duel and again what's with the lucent tie this is just too cool for school actual happy hour hello bob it's almost happy hour but ten minutes all right so look first story this week hundreds of fast food workers are on strike protesting labor conditions at the u.s. is the la

industry i'm joined now by ryan rowdier associate director of technology studies at the competitive enterprise institute rider welcome back thank you nice to see you real competition versus what the market can bear in real competition what you have is multiple players in a marketplace and the price of a particular product is driven down to the point where everybody is working on the thinnest possible profit margin they can in order to compete in monopoly capitalism which is what we have in pretty much all of our major industries now it's what the market will bear the various come competitors keep pricing things to the point where consumers stop buying regardless of the profit margins and the profit margins are usually typically huge and so you know right now we have the highest corporate profits in the history of the united states history of the republic what's what's not what what is not wrong about that when the airline industry these high corporate profits that exist elsewhere are nowhere to be found even the most successful airlines are looking at low single digit margins it's not a sustainable indu

reserve that caps on debit swipe fees were still too high and john breaux out from the competitive enterprise institute pointed out that should the fed interpretation it will almost certainly result in more bank and credit union fees for consumers. but it's not all bad news so while the merchants and credit card companies are arguing over who pays what and swipe fees the electronic payment system is quickly gave ing market share over the antiquated banking system there is a full wad of new innovations emerging including mobile payments mobile wallets virtual currencies crowdfunding and more that's changing the way we financially interact with one another so if you're not sold by the durbin amendment don't worry it's not the end all and now let's get to today's daily. jesu's bad get sam said it's easier for the daily doolan again what's with the lucent tie this is just too cool for school actual happy hour hello bob it's almost happy hour but ten minutes all right so look first story this week hundreds of fast food workers are on strike protesting labor conditions at the u.s. is the largest chains so wo

office and this isn't just senator inhofe google has also started to fund groups like the competitive enterprise institute heritage foundation and other anti-science climate denying politicians one susan molinari took over their lobbying shop she's a right wing corporate lobbyist is that i was going to add my next question is going to be why is google doing this and the company is run by some fairly intelligent people why would they back the flat earth society i mean i they i think that's a question for them to answer and unfortunately don't really seem to be wanting to talk to the press very much about it but i. a lot of it has to do with this mistaken idea that the only way that you can engage with our political system is to accept the corruption and encourage it it's this kind of a really dark form of political cynicism that goes against the inherent optimism that underlies google's success today seventeen google science communication fellows sent a letter to the company's c.e.o. asking them to reconsider their support for it off do you think eric schlosser better larry page will respond i think i you

industry i'm joined now by ryan rowdier associate director of technology studies at the competitive enterprise institute rider welcome back thank you nice to see you real competition versus what the market can bear in real competition what you have is multiple players on marketplace and the price of a particular product is driven down to the point where everybody is working on the thinnest possible profit margin they can in order to compete in monopoly capitalism which is what we have in pretty much all of our major industries now it's what the market will bear the various come competitors keep pricing things to the point where consumers stop buying regardless of the profit margins in the profit margins are usually typically huge and so you know right now we have the highest corporate profits in the history of the united states in the history of the. what's what's not what what is not wrong about that with the airline industry these high corporate profits that exist elsewhere are nowhere to be found even the most successful airlines are looking at low single digit margins it's not a sustainable industry

the competitive enterprise institute estimates the regulatory burden to be almost $15,000 a year per family. another study estimates that just six e.p.a. regulations will cause the loss of almost 10 million jobs. these rules are written by unelected elites with very little accountability to individual citizens across my district, in western pennsylvania, from elwood city to somerset county. requires your elected representatives to be more accountable for regulations. very simply, if the regulations will cost american morse than $100 million, then congress has to vote on it. good regulations will be approved and others will not. but your representative will have to declare a position. and you can hold them accountable for their votes. mr. chairman, the reins act makes sense to me. it makes sense to my constituents in western pennsylvania and encourage my colleagues to support the bill and i thank the chairman and i yield back. the chair: the gentleman from pennsylvania yields back the balance of his time. the gentleman from virginia reserves the balance of his time. the gentleman from

joining us fair and balanced debate, director center of energy and environment for competitive enterprise institute of fever, why a hotter planet will hurt our health and how we can save ourselves. nice to see both of you, myron and linda, to the show. >> thank you. >> thank you. >> do you buy this study? some say, it's hotter. people are going to naturally lead to more violent tendencies as a result of that. do you buy it? >> i think we have to really sort of break down the study. it's not necessarily that we're suddenly going to turn into murderers or start beating our husbands and things like that. more what they are looking at is changes in rainfall patterns and changes in heat so that what you're going to be getting is crop failures. crop failures we've seen in the past, you know, in 2010 because of the heat wave in russia we had a crop failure. limited -- they lost 40% of the weight. so they refused to export. places like egypt very reliant on russian wheat, suddenly there were riots. these are the kinds of things they are talking about. >> this study in the journal of science, we've had thes

he worked at the competitive and enterprise institute on immigration issues.he has degrees in economics and economic history from george mason university. he has been an exemplary policy analyst at the cato is two and has been quite involved and very influential in the current debate on immigration. please help me welcome alex nowrasteh. [applause] >> thank you ian for that very nice introduction and thank you i'll there'll for coming talking about your fantastic book. i want to save part of the reason why free trade is accepted intellectually by so many people around the world today as opposed to 50 or 60 years ago is because of the hard work of alberto and other classical liberals around the world the united states in central and south america and everywhere around the world. that hard work i think is really paid off. we are able to do so much at the cato institute in part because people like myself are able to stand on the shoulders of intellects like alvaro and others who have forcefully argued the point for generations of thank you very much. now i want t

he worked at the competitive and enterprise institute on immigration issues. he has degrees in economics and economic history from george mason university. he has been an exemplary policy analyst at the cato is two and has been quite involved and very influential in the current debate on immigration. please help me welcome alex nowrasteh. [applause] >> thank you ian for that very nice introduction and thank you i'll there'll for coming talking about your fantastic book. i want to save part of the reason why free trade is accepted intellectually by so many people around the world today as opposed to 50 or 60 years ago is because of the hard work of alberto and other classical liberals around the world the united states in central and south america and everywhere around the world. that hard work i think is really paid off. we are able to do so much at the cato institute in part because people like myself are able to stand on the shoulders of intellects like alvaro and others who have forcefully argued the point for generations of thank you very much. now i want