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Cooper and Wright Working Paper Cited in Congressional CARE Act Hearing
I’ve mentioned the CARE Act previously (here and here). On Wednesday, the House Committee on Courts and Competition held a hearing on the revised CARE Act — which would effectively immunize a host of anticompetitive state alcohol regulations from challenge. The policy tradeoffs here are that the higher prices and reduced consumption associated with competitive ... Cooper and Wright Working Paper Cited in Congressional CARE Act Hearing
Brad DeLong on Todd Henderson
More than two weeks ago, my co-blogger was subject to one of the most remarkable attacks I’ve seen in the blogosphere. I have declined so far to participate in the mostly hot-headed debate. But I write now because last Friday, J. Bradford DeLong, whose personal attack on Todd a couple of weeks ago was one ... Brad DeLong on Todd Henderson
In Elizabeth Warren We Trust?
Todd Zywicki chimes in (WSJ): The head of the Consumer Financial Protection Bureau is one of the most powerful bureaucratic positions ever created in the American political system. It can regulate or ban almost every consumer credit product in the country, yet it is beyond Congress’s power of the purse because its budget is guaranteed ... In Elizabeth Warren We Trust?
McDonald’s, Mini-Meds, and Medical Loss Ratios: What’s to come, and what can Sebelius do about it?
Yesterday, the Wall Street Journal ran an article entitled McDonald’s May Drop Health Plan. The article reported that “McDonald’s Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.” The insurance plan at issue is ... McDonald’s, Mini-Meds, and Medical Loss Ratios: What’s to come, and what can Sebelius do about it?
Some Praise for the FTC
We dole out at least our fair share of criticism for the Federal Trade Commission here. Now its time for some credit where its due. Historically, one of the consistent highlights of the Commission’s output has been its competition policy advocacy work. In this case, the FTC (or at least the Bureau of Competition, Bureau ... Some Praise for the FTC
A Plug and Some Links
I’ll be talking about the Intel Settlement in an ABA program, The Intel Settlement: A Perspective From the Trenches, today at lunchtime along with a great group of panelists with a wide variety of perspectives on the issue, Kyle Andeer (FTC Counsel), Ken Glazer (KL Gates), and Henry Thumann (O’Melveney & Myers). If you’re interested, ... A Plug and Some Links
The disgrace of the legal services market
The WSJ Law Blog discusses N.Y.C.’s Chief Judge Lippman’s campaign to solve the growing problem of poor people facing civil cases without lawyers – 2.3 million people in all state courts last year. Lippman wants more funding for legal aid lawyers. The main existing funding mechanism, the Interest on Lawyer Account Fund, has been depleted ... The disgrace of the legal services market
Incentive compensation for asset managers
I’ve argued, e.g., in Rise of the Uncorporation, that a reason why the uncorporation beats the corporation for some types of firms is the high-powered incentives these firms offer their managers. Sometimes the incentives may not be obvious because percentages, e.g., for “carried interest,” seem not to vary much across firms. But that can be ... Incentive compensation for asset managers
Jurisdictional choice for securities regulation
We usually think about jurisdictional choice for corporate law as applying to state business association laws, not the federal securities laws. But this distinction has never been clear given global securities markets, and it’s less true now than it used to be. The WSJ discusses the securities bar’s and regulators’ lamentations over last summer’s Morrison ... Jurisdictional choice for securities regulation
Representative Michael N. Castle
I write to express opinion about Mike Castle. I do not post to express an opinion about Christine O’Donnell, the Tea Party, the national election, or the Democratic nominee Commissioner Coons. I don’t have a dog in that fight, except to say that I hope for the best for Delaware. I merely post to express ... Representative Michael N. Castle
Talking About Intel
I’ll be discussing Intel on a few occasions the next few weeks. The first is an ABA teleconference on: The Intel Settlement: A Perspective From the Trenches, this Wednesday from 12-130 ET, along with Kyle Andeer (FTC Counsel), Ken Glazer (KL Gates), and Henry Thumann (O’Melveney & Myers). The focus will be on implications of ... Talking About Intel
The face of the financial crisis: on Forbes.com
Looking for the “face” of the financial crisis? You don’t have to look far, as I explain on Forbes.com.
