Aid to the Detroit-based automotive industry tops this week’s “America’s Business with Mike Hambrick.” Republican Rep. Candice Miller of Michigan speaks to the economic importance of the industry; her congressional district represents all three of the big American automakers. We’ll broaden our horizons with a look at the national impact of the auto parts industry with Bob McKenna, President of the Motor and Equipment Manufacturers Association. Congress left town this week after rejecting a loan package to aid the auto industry, so the issue remains pressing.
Lack of internet security costs businesses millions of dollars every year. On the program this week is Larry Clinton, President of the Internet Security Alliance, addressing key issues of cybersecurity. Larry says the big threat to the Internet no longer comes from teen-age “hackers” but instead from various forms of organized crime.
The out-of-control system of civil justice adds billions to the costs of doing business in the United States and leaves real victims in the lurch. One possible reform would be to implement a “Loser Pays” system used by most of the rest of the world. It would make the loser of a legal case responsible for the other side’s legal fees, discouraging the filing of frivolous lawsuits. Explaining the concept and practical application is Marie Gryphon, senior fellow with the Center for Legal Policy at the Manhattan Institute. She’s the author of a new study, “Greater Justice, Lower Cost: How a ‘Loser Pays’ Rule Would Improve the American Legal System.”
We’ll also have part two of Mike’s interview with Newsweek and Washington Post columnist Bob Samuelson. Bob has a new book entitled, “The Great Inflation and its Aftermath: The Past and Future of American Affluence.”
In our regular segments, Renee Giachino of American Justice Partnership gives us the latest on tort reform and commentator Hank Cox recalls “The Way It Was.” And the National Association of Manufacturers President Gov. John Engler will close the program with “The Last Word.”
For more on the program and to listen online, please visit www.americasbusiness.org.
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