Regulations often constrain economic growth and prevent the realization of new ideas and initiatives. The cost and burden of research, applications, reporting, compliance, fees, and possible administrative and civil penalties for violations can overwhelm all but the most strident and fully capitalized innovators. And in many instances of new and innovative products or services, it is not always clear what regulations may apply or if there are alternatives to compliance. Innovative businesses need greater certainty regarding what regulations may prohibit or restrict their business and how to proceed with operations without penalty. Fortunately, there are such solutions: regulatory sandboxes and letters of interpretation with presumption of authorization.
A New Birth of Excellence: Independent Colleges and the Recovery of Academic Freedom
This week, five independent colleges—Benedictine College, Merrimack College, the University of Mount Saint Vincent, Bellevue University, and Houston Christian University—announced that they have joined as founding members of the National Association for Academic Excellence (NAAE). Their move could be momentous. Spanning New England to Texas and the Great Plains, these institutions are helping to build...