Word: cost-benefit
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Fisher is fond of composing balance sheets for decision-makers. A cost-benefit analysis of the merits of reading his new tract tilts heavily towards "no way." Follow these four simple steps that Getting to YES suggests, and your problems will disappear. That is, at best, an untenable proposition...
...grant, totaling more than $700,000 over the next two years, will fund a cost-benefit analysis project of federal environmental regulations. Officials said this money will definitely not be cut because the EPA has allocated it under an executive order by the Reagan administration...
...proposals that the agency has now put forward to relax or eliminate its impact standards, and insurance groups are incensed at all of them. Says Brian O'Neill, head of research for the Insurance Institute for Highway Safety: "Rescinding this regulation would cost the public a lot of money. This is an example of cost-benefit analysis producing any answer you want." Adds Wayne Sorenson, research vice president of State Farm Insurance: "The current standard is working. We are worried that cost considerations and competition may force manufacturers to begin putting fragile, cosmetic bumpers on cars all over again...
...some of which are now being rolled back. The Administration is reducing the collision speed at which a bumper must protect a car from 5 m.p.h. to 2.5 m.p.h. -a move consumer activists say will raise insurance rates and accident costs. Despite a request by the Administration to delay its decision, the Supreme Court ruled last June that cost-benefit analyses cannot be required when setting federal health standards for the workplace. Nevertheless, the Occupational Safety and Health Administration (OSHA) has had the number of its inspectors cut by 11%, and the Administration is determined to relax many...
Regulation of Trade Practices. The Federal Trade Commission now makes cost-benefit analyses before issuing new rules. The Administration has also cut back on the funding and powers of the FTC's antitrust division, which it had originally hoped to eliminate. As a result, the FTC has been less aggressive in opposing corporate mergers, a reversal that may be helping to fuel the recent rash of takeover bids. Last week an FTC official ruled that antitrust actions against the three largest cereal companies be dropped. The commission is also backing away from plans to regulate nonprescription drugs, require used...