Word: cost-benefit
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...recent round of budget cuts, the administration seemingly forgot to include student safety in their cost-benefit analysis. During these tough economic times, it is understandable that FAS must cut a number of costs to preserve Harvard’s solvency, but the move to dramatically reduce shuttle service is an especially poor choice for a cut, as it severely compromises student safety for an incommensurate financial gain. The proposed cuts to night shuttle service create a variety of hazards and constraints in the lives of students, as do the inconvenient cuts to morning service on weekends...
This approach may allow for the best economization of time—it’s probably possible to fill in gaps in the syllabus during reading period, and those emails need to be sent for tomorrow. However, taking on this cost-benefit view of class time both diminishes enjoyment of the course and contributes to a cycle of indifference under which class quality suffers...
...permitted to slip earmarks into legislation without taking responsibility - non-earmarked earmarks, in a way - but Obama helped spearhead an effort to eliminate that practice after Democrats took back Congress. It is also true that earmarks can be a sneaky way for boondoggles to bypass hearings, public comment periods, cost-benefit analyses and other forms of scrutiny. But the Constitution does give Congress the power of the purse, and earmarks can sometimes be the only way for congressmen to force recalcitrant bureaucracies to take on worthy projects. For example, most federal transportation aid goes directly to state agencies with monomaniacal...
...Other supporters of strong regulation aren't worried about the Sunstein nomination. They expect OIRA under Sunstein to preserve cost-benefit analysis as a tool, but not to use it in such a way as to always reach the conclusion that regulation is too costly to impose. "It's true that cost-benefit analysis has been used in a very anti-regulatory way," says Michael A. Livermore, co-author, with Richard L. Revesz, of Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Enviroment and Our Health. "But cost-benefit analysis can be fixed to be more...
...House put out last month to the heads of federal agencies, asking for their ideas on how to revise both the government rulemaking process and the way OIRA reviews those rules. For one thing, it appears to mean that the new Administration will be looking for ways to apply cost-benefit analysis differently. The Institute for Policy Integrity, a progressive group headed by Livermore at New York University School of Law, has issued a list of proposed reforms that would include greater transparency for the OIRA review processes and reviews to determine the cost of deregulation or inaction...