While open skies would undoubtedly help to clear transatlantic excess capacity and liberalisation between America and Europe would help to guide the logic of the marketplace worldwide, it must be preceded by better internal-market regulation.

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For the purposes of tax regulation, the Internal Revenue Service recognizes Wycliffe Bible Translators as a 501(c)(3) organization and a church.

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Nor does increased internal and external oversight and regulation appear to have decreased the level of risky or illegal behavior in banks.

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The answer lies in the emergence of a credible economic regulator (an internal appointment, separate from outside regulation of Lloyd's by Britain's Financial Services Authority).

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The path frequently doubles back on itself, disappears in thickets of regulation, gets stumped by internal doubts and disagreements.

ECONOMIST: Innovation

The goal is to achieve cost parity between EVs and internal combustion vehicles, and one strategy for doing that is frequency regulation.

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This is why it is so disappointing and frustrating that the Internal Revenue Service is creating grave risks for the American economy by pushing a regulation that would drive a significant slice of this foreign capital to other nations.

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This time-consuming reporting could, in turn, produce additional government oversight and regulation by agencies such as the Occupational Safety and Health Administration, the Environmental Protection Agency, and the Internal Revenue Service.

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