The petition of the day is: American Tradition Partnership, Inc. v. BullockDocket: 11-1179Issue(s): Whether Montana is bound by the holding of Citizens United, that a ban on corporate independent political expenditures is a violation of the First Amendment, when the ban applies to state, rather than federal, elections.Certiorari stage documents:Opinion below […]
(Photo: Kisha Bari) If you remember our podcast “Boo…Who?” (which was included in the hour-long special “Show and Yell“), you’ll know we love the topic of booing. David Herman, our sound engineer at Freakonomics Radio, experienced some first-hand booing last week. He wrote it up as a guest post: How Does It Feel to Get Booed? By David Herman Last weekend, I […]
1. Credit guarantee risk in China. 2. The world’s largest swimming pool. 3. ELA and now “de-euroisation” are the words which should be attracting your attention these days. 4. How will self-driving cars reshape our cities? 5. Truly disgusting markets in everything, calling Jonathan Haidt, you are needed in Tokyo. I still wonder if it is some kind of joke. […]
By Justin LoganMay 23, the permanent five members of the UN Security Council, plus Germany (P5+1) will enter into talks with the Iranian leadership about the latter’s nuclear program. The Baghdad talks come on the heels of talks last month in Istanbul. A number of observers have raised expectations for the talks in Baghdad. The latest hopeful development is […]
On Sunday, roughly one thousand people from liberal community organizing group National People’s Action showed up at Tim Geithner’s house to ask that he investigate the banks. ”Are you with the people”, asked these activists. In response to this exceptionally mild pressure, the administration and New York “Attorney General” Eric Schneiderman have decided t […]
By Daniel J. MitchellOver the years, I’ve strenuously objected to schemes that would enable international bureaucracies to levy taxes. That’s why I’ve criticized “direct funding” proposals, most of which seem to emanate from the United Nations. A scheme to let the United Nations tax services such as air travel. A proposal, pushed by George Soros and other st […]
By David BoazSusan Stamberg reports on Martha Gellhorn, “one of the first great female war correspondents,” whose marriage to Ernest Hemingway is being dramatized by HBO next week. Gellhorn had a healthy skepticism toward power: In 1983, a British TV interviewer posed this loaded question to Gellhorn, then 75 and still gorgeous: “I.F. Stone once described go […]
This is by Yves Smith, cross-posted from the New York Times Room for Debate… Preventing blow-ups like the JPMorgan “hedge” that bears no resemblance to any known hedge isn’t difficult. What makes preventing it difficult is that banks that exist only by virtue of state-granted charters — and more recently, huge transfers from the public — have persuaded publi […]
Yesterday a vice president of the European Commission announced preliminary conclusions regarding the EU’s antitrust investigation into Google. The EC has warned Google to “change or face fines,” as Alex Barker puts it, noting “possible antitrust problems in how Google favours its own products in search results.” I cannot predict exactly how far US cases wil […]
Yesterday the Court issued three opinions in three argued cases, as well as orders from the May 17 Conference. In Holder v. Gutierrez and Holder v. Sawyers, the Court held that the position of the Board of Immigration Appeals that an alien seeking cancellation of removal must individually satisfy the requirements of 8 U.S.C. § 1229b(a) – lawful permanent res […]
Annual Privatization Report 2011 Reason Foundation’s Annual Privatization Report 2010 declared that parking assets had become a hot privatization opportunity for local governments. This trend continued in 2011, led by an innovative agreement signed in Indianapolis. Chicago’s previously maligned parking meter privatization deal has been vindicated. Meanwhile […]
We’ve blogged before about the many advantages of being beautiful. New research indicates that looking “trustworthy” carries some benefits as well: In a paper recently published in the PLoS One journal, researchers from Warwick Business School, the University College London and Dartmouth College, USA, carried out a series of experiments to see if people mad […]
Editor’s Note: Lucian Bebchuk is Professor of Law, Economics, and Finance at Harvard Law School. Robert J. Jackson, Jr. is Associate Professor of Law at Columbia Law School. This post is related to an SEC rulemaking petition available here and discussed on the Forum here. Bebchuk and Jackson are co-authors of Corporate Political Spending: Who Decides?, discu […]
Lucian Bebchuk, Harvard Law School, and Robert J. Jackson, Jr., Columbia Law School,
Editor’s Note: The following post comes to us from James L. Bromley, partner and a leader of the global restructuring and insolvency practice at Cleary Gottlieb Steen & Hamilton LLP, and is based on a Cleary Gottlieb alert memorandum. On April 19, 2012, the United States Bankruptcy Court for the Southern District of New York granted in part a motion to d […]
Noam Noked, co-editor, HLS Forum on Corporate Governance and Financial Regulation,