That was when New York State softened regulations regarding its rights to remove newborns who test positive for drugs from their parents.
When the Senate version of this bill was about to pass in March, none other than the Wall Street Journal editorial page, hardly a bastion of left-wing sentiment, warned that while softening regulations on little banks made sense, easing "capital and liquidity standards for the giants will make the financial system more vulnerable in a panic".
Even as cab service deteriorated in the 1990's, a bevy of industry lobbyists, including former State Assembly Speaker Mel Miller, turned to Mr. Dear and Mr. Vallone to soften proposed regulations.
He'd repeal Dodd-Frank, soften other regulations, and curb the E.P.A. Markets have bet that the second Trump will prevail, and so far it looks like they're right.
After a year's study, a commission on New Jersey's slumping horse-racing industry urged the state government today to pump $25 million to $50 million a year into racetrack purses and to soften betting regulations so residents can place wagers by telephone, via the Internet or in a few new upscale off-track betting parlors.
Mr. Gregg, a Republican from New Hampshire who served three terms in the Senate, will now become the face of Wall Street's effort to soften financial regulation.
To help prop up the banks, the government has already softened various regulations, pushing back the planned removal of unlimited deposit insurance on savings and letting the banks count certain tax credits as capital.
I would suggest that the tax changes Romney proposes — reducing tax rates by ten per cent and eliminating some loopholes and credits — won't make much difference to how the economy performs, and that softening regulation would be positively harmful.
At the next stop, he gestured at a plaque for the German Chemical Industry Association as he detailed how the chemical industry worked overtime to soften new European regulations on its products.
