Showing results for: “digital markets act”
Time to go
This episode has had a profoundly negative impact on me. To be sure, I deserved and even welcomed criticism of my remarks. But the firestorm this created was completely unanticipated. Lies and misinformation, like that our family earns $450,000, spread uncontrollably. One of the perpetrators, Henry Blodget, has graciously agreed to correct this mistake. (Thank ... Time to go
I’m sorry II
Likewise. I don’t retract a word of my prior post, in which I ventured to suggest that economic arguments might substitute for personal attacks. If the comments to this blog over the last week represent the state of the discussion we are having about economic policy, then I truly fear for this country’s future.
I’m sorry
The posts that generated an unintended blogocane have been deleted. I stand by the posts, the facts in them, and the points they were making. The reason I took the very unusual step of deleting them is because my wife, who did not approve of my original post and disagrees vehemently with my opinion, did ... I’m sorry
Looking for a few good associates
The Philadelphia Inquirer’s Chris Mondics writes about statistics showing that first-year law firm associate salaries are not declining despite the apparent turmoil in the legal marketplace. He asks whether this means “the big-law-firm model has come through unscathed after the worst downturn since the Great Depression. Well, actually, no.” In fact, he notes the revenue squeeze ... Looking for a few good associates
Antitrust Karma, the Microsoft-Google Wars, and a Question for Rick Rule
The WSJ recently published the next installment of the Microsoft-Google antitrust wars. A Google representative argues “competition is one click away”; Charles (“Rick”) Rule, Microsoft’s antitrust attorney, argues that Google’s conduct might harm competition. Rule’s main point is summed up in the first line of his piece: “what goes around comes around.” The longer version ... Antitrust Karma, the Microsoft-Google Wars, and a Question for Rick Rule
Which CFPB Will We Get?
Todd mentions Elizabeth Warren’s “kick off” speech for the CFPB, in which she accepts the new “President and Special Advisor to the Secretary of the Treasury?” gig, and tells us what the new Bureau is all about: The new consumer bureau is based on a pretty simple idea: people ought to be able to read ... Which CFPB Will We Get?
Love, marriage and firms
I’ve been working on the relationship between family law and business associations. My current paper, discussed here, shows why business association standard forms may be inappropriate for domestic relationships. Another question regarding the relationship between families and firms concerns the extent to which the family is a substitute for the firm as a business organization ... Love, marriage and firms
The dregs of the Enron case
The government finally dropped its prosecution of Nigerian Barge defendant James A. Brown. Here’s part of the WSJ story by John Emshwiller: At the 2004 trial, prosecutors alleged that Enron’s sale of an interest in three power-producing barges, located off the coast of Nigeria, to Merrill was a sham that allowed the energy company to ... The dregs of the Enron case
Competition in the Evolving Digital Marketplace–Congressional Hearing
I will be testifying tomorrow before the House Judiciary Committee’s Subcommittee on Courts and Competition Policy on competition in the digital marketplace. My testimony won’t be surprising to readers of this blog–in fact some of it was lifted directly from blog posts that have appeared here. Also on the panel are Richard Feinstein from the ... Competition in the Evolving Digital Marketplace–Congressional Hearing
Now, Everyone, Gasp In Surprise
Alan Greenspan has been revered in political and media circles since his benevolent reign over times of fortune as the Chair of the US Federal Reserve. Now Mr. Greenspan has acknowledged what many of us have been saying for a long time: fiscal stimulus didn’t work. (insert gasps of surprise here) Now, to his credit, ... Now, Everyone, Gasp In Surprise
Me Too @ Cato’s Constitution Day
Like Larry, I’ll be at Cato on Constitution Day. TOTM will be well represented. While Larry covers Jones v. Harris and mutual funds, I’ll have my sights on the Roberts Court’s recent decision in American Needle v. NFL. See you there! The abstract of my paper (co-authored with Judd Stone), Antitrust Formalism is Dead! Long ... Me Too @ Cato’s Constitution Day
The Supreme Court and mutual funds @ Cato
I’ll be helping Cato celebrate Constitution Day and the soon-to-be-published edition of their latest Supreme Court Review with my contribution on last term’s Jones v. Harris: Federal Misgovernance of Mutual Funds. See Walter Olson’s summary of the panel on the business cases. Here’s the abstract of my paper: In Jones v. Harris Associates, the Supreme ... The Supreme Court and mutual funds @ Cato
