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We Didn’t Hear the Question
I have a love/hate relationship with the wireless access in our law school classrooms. On the one hand, it saddens me that my students surf the Internet during class. On the other hand, Socratic dialogue goes so much faster when the students can IM each other answers. (Although I wish they’d be a little more ... We Didn’t Hear the Question
The Demarcus Cousins Saga Ends
We’ve been following the Demarcus Cousins saga. For those who haven’t, Cousins is a blue chip high school basketball recruit who has been bargaining hard with the University of Alabama-Birmingham (UAB) over signing his National Letter of Intent — the letter that commits a player to attend the university and imposes the penalty of giving ... The Demarcus Cousins Saga Ends
Is Obama’s Radicalism Killing the Dow?
Stanford economist Michael Boskin thinks so. He set forth his argument in the WSJ. After observing that President Obama’s budget “more than doubles the national debt held by the public, adding more to the debt than all previous presidents — from George Washington to George W. Bush — combined” and “would raise taxes to historically ... Is Obama’s Radicalism Killing the Dow?
Whole Foods Throws in the Towel — Congrats to the FTC!
The witch hunt is over. Last evening, the FTC announced that it would drop its antitrust action against high-end grocer Whole Foods in exchange for the chain’s agreement to sell 32 stores and to give up the rights to Wild Oats’ name. FTC Chairman Jon Leibowitz proclaimed that “[a]s a result of this settlement, American ... Whole Foods Throws in the Towel — Congrats to the FTC!
"Editing Reality With Both Hands … "
The post title is stolen from a commenter (Unit) at this post over at Austrian Economists. Delong’s comment editing practices (the selective editing even more so than the deleting of comments with opposing points of view) are disturbing to say the least. Here’s an excerpt from the post: See this post of DeLong’s that is ... "Editing Reality With Both Hands … "
Verret on the Self-Defeating Bailout
My colleague JW Verret has an interesting take on the bank bailout at Forbes.com: This deal was intended to bolster public confidence in banks, while at the same time minimizing the cost of the bailout when Treasury sells its shares once markets pick up. The form of equity Treasury has taken, and plans to take ... Verret on the Self-Defeating Bailout
Varney on RPM
I just saw this very good piece in The Deal from Sean Gates and Tej Srimushnam (Morrison & Foerster) on what Christine Varney’s appointment to the Antitrust Division might mean for enforcement decisions. Gates and Srimushnam predict that some of the most important changes associated with the Varney DOJ are likely to be the “return” ... Varney on RPM
Hazlett on the Analog Switchoff
Here is my colleague Tom Hazlett in the Financial Times on the silent death of analog broadcasts for a significant fraction of TV stations: Some 420 TV stations pulled the plug last week, joining another 200 analog stations that had already signed off. What was supposed to cause outrage and panic among TV viewers proved ... Hazlett on the Analog Switchoff
"Equilibrium Decadence" in Law and Economics?
Here is Justin Wolfers discussing what Paul Krugman has called “equilibrium decadence” in the context of the current macro debate: The claim is that academic macroeconomists have become mired in a particularly fruitless equilibrium, in which each is engaged in the search for ever-greater levels of formal elegance, at the expense of empirical relevance. There’s ... "Equilibrium Decadence" in Law and Economics?
ALEA 2009 May 15-16 in San Diego
The program is available here. And I’m thrilled to report that my paper (with co-author Michael Baye), Is Antitrust Too Complicated for Generalist Judges: The Impact of Economic Complexity and Judicial Training on Appeals, has been selected for the conference. I’m very much looking forward to the panel and the conference in general. [UPDATE: Congratulations ... ALEA 2009 May 15-16 in San Diego
Why the Supreme Court was Correct to Deny Cert in Rambus
As TOTM readers are likely to know, the Supreme Court denied certiorari in Rambus, a course of action I had argued was the appropriate response to the arguments set forth in the Commission petition. I recently expanded the blog post into a short essay which I’ve posted on SSRN. It will also be available in ... Why the Supreme Court was Correct to Deny Cert in Rambus
Hello Chairman Leibowitz; Goodbye Chairman Kovacic
Here’s the press release. Congratulations to Chairman-to-be Leibowitz. I also note that this marks the end of Chairman’s Kovacic’s reign at the Commission. On a personal note, I had the pleasure of working for the Chairman during my stint as the FTC Scholar in Residence and consider myself extremely fortunate to have had the opportunity. ... Hello Chairman Leibowitz; Goodbye Chairman Kovacic
