Monday , January 20 2020
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Tag Archives: Legal

SEC With Investment Managers: “Like the FBI Sitting Down With the Mafia”

It is probably hard to believe that the SEC was once a respected and feared agency. Today’s example shows severity of its capture by the firms it nominally oversees and how it shirks duties mandated by Congress. The agency is operating in such a cozy manner with private equity firms that as one investor described it: It’s like FBI sitting down with the Mafia to tell them each year, “Don’t cross these lines because that’s what we are focusing on.” That behavior stands in stark contrast to how...

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Trump’s China Trade Deal Handwave

Yves here. No one is terribly impressed by the “Phase 1” sort of ceasefire with China. First a high level take from Barkley Rosser in The US-China Nothing Burger Trade Deal: The US did not raise tariffs as planned, but tariff still remain on two thirds of the sectors that had them, although some were halved. But numerous US sectors see no change at all and are now viewing the situation as not likely to improve, with them suffering losses of business likely to return. Among those are...

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Plastic Watch: Senate Passes Save Our Seas Act 2.0

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Senate unanimously passed the Save Our Seas Act 2.0 Friday, a measure intended to reduce pollution of plastic waste. The first Save Our Seas Act of 2018 became law in 2o18 and has made no appreciable difference to the scourge of plastic pollution. A companion measure was introduced in the House of Representatives in July and action is  now needed...

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Brexit: The End of the Beginning?

This is going to be a shorter Brexit post than I would like, but since the UK and EU are yet again in a jockeying and attempting-to-put-down-markers phase, the speculation to development ratio is high. You might have missed it between Iran and royals furors, but the Withdrawal Bill passed its third reading in the House on party lines and is expected to sail though Lords. •Harry and Meghan driven out by Royal British Media 👑•As you work till you die at 75 on 0hr contract Boris Johnson...

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Federal Appeals Court Strikes Down Portion Of Obamacare

Yves here. We featured a Kaiser Health News article earlier this week on continuing legal challenges to Obamacare and what they might mean for patients. This post describes a new ruling that nixed the individual mandate and has put the rest of the law in play. By Julie Rovner, Chief Washington Correspondent for Kaiser Health News. She was previously health policy correspondent for NPR, and also covered health policy for National Journal’s Congress Daily and for Congressional Quarterly, among...

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Impeachment Semi-Open Thread

As readers no doubt know all too well, Donald Trump has been impeached. You can read the two articles of impeachment here. I have to confess I am posting on this development with some reluctance. As much as I view Trump as a dangerously incompetent and personally corrupt President, it is hardly controversial to recognize that the Democrats have gone about the impeachment in a manner that isn’t winning the hearts and minds of the group they need to win in order to take back the Presidency in...

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What Would Happen If The ACA Went Away?

Yves here. Oddly, this article largely skips over the impact of ending or greatly cutting back the ACA on health insurers and medical care providers. I am not strong on the details here, so hopefully knowledgeable readers can pipe up in comments. However, insurers spent a lot adapting their systems and procedures to the ACA. One of the features of the ACA that Health Care Renewal criticized was its explicit effort to further corporatize medicine. From a 2015 KHN article: One of the main ways...

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Virginia Supreme Court Upholds Ruling that George Mason University Foundation Is Not Subject to State FOIA Statute, Leaving Koch Funding Details Undisclosed

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Recently, I found myself on some long-haul flights during which I caught up with a handful of films I’d wanted to see, but weren’t playing at a cinema anywhere near where I was located at the time of their release. One of these films, Vice, focused on the career and influence of Dick Cheney, and the rise of hard right, conservative politics in the US....

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California Governor Newsom Nixes PG&E Bankruptcy Plan

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. California Governor Gavin Newsom rejected  PG&E’s plan to exit bankruptcy in a letter to the company Friday. As the NYT reports in California Governor Rejects PG&E’s Restructuring Plan: A law the California Legislature passed this year gave Mr. Newsom the authority to approve any restructuring plan PG&E submits to the United States...

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Evil is Baked into Big Tech’s Business Plan. Now What?

Yves here. A supposedly staid organization like INET is broadcasting that rule by our new tech overlords is less than benign. Quite a change in their image in a fairly short time. By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Google co-founders Larry Page and Sergey Brin famously launched their search engine with the mantra: “Don’t Be Evil.” Yet soon enough, their ambitions would...

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