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SEC Office of Chief Accountant position on spring-loading and bullet-dodging

The SEC Office of the Chief Accountant issued a letter today “summarizing the staff’s views regarding the accounting for stock options in the historical financial statements of public companies.” See here. The letter addresses a number of accounting issues concerning option backdating. It also has this to say about spring-loading and bullet-dodging: H. Timing of ... SEC Office of Chief Accountant position on spring-loading and bullet-dodging

Richard Sander at ELS Blog

His first two installments are already up here and here.  This promises to be an interesting series.

More Evidence of an Antitrust Violation Brewing at Elite Schools

I called it last week. Today’s NYT reports that Princeton has accepted Harvard’s invitation to join it in eliminating early admissions. In addition, the presidents of eleven elite liberal arts colleges (including Swarthmore, Williams, Barnard, and Amherst) have met to discuss, among other things, collectively eliminating their early admission programs and reducing merit-based aid. Just ... More Evidence of an Antitrust Violation Brewing at Elite Schools

GM/Ford: An Idea Whose Time Has Come?

When teaching antitrust as I am this fall, a time always comes during the semester when I need to give my students an example of a merger whose implications for competition are so obviously adverse that the antitrust authorities would surely seek an injunction against the merger under Section 7 of the Clayton Act. My ... GM/Ford: An Idea Whose Time Has Come?

The Ivey Files: A New Admissions Blog

My friend Anna Ivey (former Dean of Admissions at the University of Chicago Law School and author of The Ivey Guide to Law School Admissions: Straight Advice on Essays, Resumes, Interviews, and More (Harcourt, 2005)) has recently started a new blog devoted to the topic of university admissions with a particular focus on the fields ... The Ivey Files: A New Admissions Blog

Gordon Tullock in the National Review

John Miller has a fantastic essay on my colleague Gordon Tullock and his work in law and economics in the September 25 National Review. The following excerpt appears on the GMU Law website (and I believe subscribers can access the full article at the National Review): “Tullock is the author of one of the most ... Gordon Tullock in the National Review

Who Has the Moral High Ground Here?

Life in the inner city can be hard. Jobs are scarce, prices are high, and transportation is difficult, making it hard to travel significant distances to work or shop. So when major retailers announce plans to enter the inner city, hire lots of employees, turn their neighborhoods into shopping destinations (thereby encouraging the creation of ... Who Has the Moral High Ground Here?

Happy Constitution Day!

GMU will celebrate Constitution Day today with a debate between Professors Neomi Rao and Todd Zywicki (of VC fame). Here are the details: Worth Wining About!  Should You Have a Constitutional Right to be Your Own Wine Importer? A lively discussion of Granholm v. Heald. Featuring Professors Neomi Rao and Todd Zywicki. Moderated by Professor ... Happy Constitution Day!

Barnett on Antitrust, IP, and Apple at the GMU Antitrust Symposium

Yesterday I had the pleasure of participating in a panel discussion on standards for single firm conduct in the United States and the EU at the George Mason Antitrust Symposium, which focused on antitrust issues in the global marketplace (and I might add, was put together quite nicely by the GMU Law Review folks). The ... Barnett on Antitrust, IP, and Apple at the GMU Antitrust Symposium

Another Antitrust Violation in the Making at the Ivies?

Harvard College is cutting its early admissions program. According to the New York Times, which is pleased with this move, Harvard’s purported reasons for cutting the program are as follows: It will make the system fairer because students from sophisticated backgrounds and affluent high schools are far more likely to apply for an early admission ... Another Antitrust Violation in the Making at the Ivies?

Law & Liturgy

I love Ethan Leib’s interesting idea of reading the legal pronouncements of Jewish liturgy in light of later legal developments–and vice versa. Ethan suggests creatively that an allusion to the liturgy of Yom Kippur (the Jewish day of atonement) may be found in Cardozo’s famous opinion in Jacob & Youngs v. Kent: “The willful transgressor ... Law & Liturgy

Interest Rates and Antitrust

Today’s Israeli newspapers have an interesting story about a multibillion dollar antitrust suit that an Israeli manufacturing firm has brought against Israel’s three major banks. The complaint alleges that the banks price colluded on rates, charging identically in five distinct rate categories: a uniform prime rate always 1.5% above the central bank’s; a uniform risk ... Interest Rates and Antitrust