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The collection of all scholarly commentary on law, economics, and more

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The AALS doesn’t want to hear about the future of law teaching

The AALS each year selects a few “hot topics” program proposals for discussion of “late-breaking” subjects at the January meeting.  This year I agreed to be included in a hot topics panel described as follows: Law schools have long kept a comfortable distance from the concerns of the practicing bar. Earlier calls for reform such ... The AALS doesn’t want to hear about the future of law teaching

What Does the Stock Market Tell Us in the Aftermath of the Failed AT&T / T-Mobile Merger?

In the wake of the announcement that AT&T and T-Mobile are walking away from their proposed merger, there will be ample time to discuss whether the deal would have passed muster in federal court, and to review the various strategic maneuvers by the parties, the DOJ, and the FCC.  But now is a good time ... What Does the Stock Market Tell Us in the Aftermath of the Failed AT&T / T-Mobile Merger?

Some Much-Needed Antitrust Skepticism on Senate Letter Urging FTC Google Investigation

Back in September, the Senate Judiciary Committee’s Antitrust Subcommittee held a hearing on “The Power of Google: Serving Consumers or Threatening Competition?” Given the harsh questioning from the Subcommittee’s Chairman Herb Kohl (D-WI) and Ranking Member Mike Lee (R-UT), no one should have been surprised by the letter they sent yesterday to the Federal Trade ... Some Much-Needed Antitrust Skepticism on Senate Letter Urging FTC Google Investigation

The Twitter campaign for the STOCK act

Professor Bainbridge is urging his readers to pressure Eric Cantor into dropping his opposition to pending legislation that would ban Congressional insider trading.  But before you Twitter Cantor, please read Todd Henderson and my Politico column, in which we make the following point, among others: A prohibition on trading would be impossible to enforce because ... The Twitter campaign for the STOCK act

Notes from the tea party caucus of corporate academia

Roberta Romano has just posted her paper, Regulating in the Dark. Here’s the abstract: Foundational financial legislation is typically adopted in the midst or aftermath of financial crises, when an informed understanding of the causes of the crisis is not yet available. Moreover, financial institutions operate in a dynamic environment of considerable uncertainty, such that ... Notes from the tea party caucus of corporate academia

UCLA Law’s Lowell Milken Institute Law Teaching Fellowship Now Accepting Applications

I’m pleased to pass along the following information from the Lowell Milken Institute for Business Law and Policy at UCLA School of Law:   Introduction The Lowell Milken Institute for Business Law and Policy at UCLA School of Law is now accepting applications for the Lowell Milken Institute Law Teaching Fellowship. This fellowship is a ... UCLA Law’s Lowell Milken Institute Law Teaching Fellowship Now Accepting Applications

An academic’s day in court

About a month ago I discussed a case in which I had written an amicus brief: Last year I wrote here about Roni LLC v Arfa, which I cited as an example of the ”troubling lawlessness of NY LLC law.” In brief, the court sustained a non-disclosure claim based on “plaintiffs’ allegations that the promoter ... An academic’s day in court

AT&T/T-Mobile RIP

Yesterday, AT&T announced it was halting its plan to acquire T-Mobile. Presumably AT&T did not think it could prevail in defending the merger in two places simultaneously—one before a federal district court judge (to defend against the DOJ’s case) and another before an administrative law judge (to defend against the FCC’s case). Staff at both ... AT&T/T-Mobile RIP

The NCAA (and St. Joseph’s) Strikes Again: The Case of Todd O’Brien

The NCAA recently denied Todd O’Brien’s appeal to make use of the Grad Student Transfer Exception — which would allow O’Brien, who graduated St. Joseph’s with a degree in economics, to continue playing basketball while pursuing a graduate degree in Public Administration at University of Alabama-Birmingham.  St. Joe’s, apparently at the behest of a college ... The NCAA (and St. Joseph’s) Strikes Again: The Case of Todd O’Brien

The Internet Hysteria Index

Courtesy of Scott Wallsten and Amy Smorodin at Technology Policy Institute (HT: Tom Hazlett): The Internet is without doubt the most powerful inspiration for hyperbole in the history of mankind. Some extol the Internet’s greatness, like Howard Dean, who called the Internet “the most important tool for re-democratizing the world since Gutenberg invented the printing ... The Internet Hysteria Index

The NYT on why law school is expensive

It’s Sunday so the NYT has another David Segal screed on legal education.  This time he presents the insight that law school is expensive because of accreditation standards that prevent law schools from containing costs even if they wanted to.  Segal says, “[t]he lack of affordable law school options, scholars say, helps explain why so ... The NYT on why law school is expensive

Poets vs. capitalists

Eric Felten writing in yesterday’s WSJ, observes the hypocrisy of the poets who withdrew from competition for the T.S. Eliot Poetry Prize because it was funded by a financial firm. “Hedge funds are at the very pointy end of capitalism” sniffed one self-described “anti-capitalist in full-on form.” The anarchist vegan correctly observed that the funder’s ... Poets vs. capitalists