Samsung Note 7 Battery Fires Prompt Call for Better Safety Standards

Remember all those Samsung Galaxy Note 7 Fires? Well, consumers will be glad to learn that, according to the U.S. Consumer Product Safety Commission, Samsung officials have taken the necessary steps to try and figure out what went wrong. As for the rest of the industry, the safety agency has called for other manufacturers to “set better safety standards for batteries.”








Tort Reform, Externalities, and Balance

Now that the new administration plans to throw healthcare back on the table, we’ll surely hear once again about the virtues of tort reform. A perennial conservative salve for seemingly every economic ill, tort reform reduces peoples’ ability to seek redress in court. Hypothetically, tort reform serves as a counterbalance against what the business community


The TPP Is Out, But What About a U.S.-Japanese Free Trade Agreement?

With Trump’s inauguration only a couple days away, some in the political arena are still holding out hope that the Trans-Pacific Partnership (TPP) will survive, despite the fact that Congress effectively put a stop to it, much to President Obama’s dismay. Why did they stop it, though? Was the free trade agreement really so bad? Well, yes and no. While it would have opened up more trade between twelve different nations, a big reason why Congress decided against it was because they shared the concerns of many TPP critics, including President-elect Trump, and were wary of the “pact’s complexity and lack of transparency.” After all, the full text included 30 different chapters.