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

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Legal Status of the SECรขโ‚ฌโ„ขs Manual of Publicly Available Telephone Interpretations

Since 1997, the SEC’s Manual of Publicly Available Telephone Interpretations has been available online (see here). It is also searchable on Westlaw (see the FSEC-MISC database). The manual contains a bevy of interpretations of various SEC regulations. As to legal status of these interpretations, the manual states as follows: The responses discussed in this manual ... Legal Status of the SECรขโ‚ฌโ„ขs Manual of Publicly Available Telephone Interpretations

Wal-Mart: Alleviating Poverty Abroad, Lowering Prices at Home

Those of us who defend the right to outsource are frequently criticized for lacking compassion and for being concerned only with the bottom line. I’ll admit that profitability concerns generally motivate decisions to outsource (and most other business decisions), but I won’t concede that outsourcing imposes a net harm on the economically disadvantaged. If we’re ... Wal-Mart: Alleviating Poverty Abroad, Lowering Prices at Home

Bainbridge Rebrands

Prof. Bainbridge has announced that it is time to shift from a general interest, punditry-style blog to a more narrow focus on issues of business law and economics: I plan to be more active over at Mirror of Justice, where I’ll blog about Catholic issues. And I may look around for a group blog to ... Bainbridge Rebrands

Google, Net Neutrality, and Antitrust

Hanno Kaiser at Antitrust Review discusses the implications of Google’s acquisition of YouTube for the net neutrality debate. Hanno opines that the deal may increase the likelihood of a neutrality result even without legislation. While Google’s public pro-neutrality stance is well known, GMU’s Tom Hazlett (my office neighbor and fellow UCLA Economics alum) has a ... Google, Net Neutrality, and Antitrust

I'm About to Get More Productive …

The Unlawful Internet Gambling Enforcement Act of 2006 era has begun. Today, the first part of my online poker and football watching research and writing weekend was interrupted with this message on my computer screen: The President of the United States has signed legislation that now causes PartyGaming to have to cease taking wagers from ... I'm About to Get More Productive …

Who's Got Blog Juice?

Paul Caron reports on scores using the “Blog Juice” calculator for a few of his favorite law blogs. “Juice,” apparently, refers to an Index score combining Bloglines subscribers (40%), Alexa rank (15%), Technorati ranking (30%), and the count of inbound Technorati links (15%). The Juice Index is not a very good measure of “Juice,” see ... Who's Got Blog Juice?

Cablevision Buyout

Last week the Dolan family announced an offer to take Cablevision private. The family owns 22.5% of Cablevision’s common stock. However, Cablevision has a dual capitalization consisting of one-vote-per-share Class A stock (which trades on the NYSE) and ten-vote-per-share Class B Stock (which is not publicly traded). The Dolan family owns all of the Class ... Cablevision Buyout

SSRN Top Tens for Corporate, Corporate Governance, and Securities Law

The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.

Conservatives and the Regulation of Higher Education

Classical liberals have long derided their conservative cousins for being fairweather friends of small government, but the criticism has been fairly limited. In general, conservatives have embraced limited government on matters of economic regulation and have endorsed governmental meddling only on matters involving so-called “values” issues like broadcast decency and homosexuality. Lately, though, conservatives seem ... Conservatives and the Regulation of Higher Education

Monday Morning Quarterback — Nobel Edition

I don’t have much to say about this one.  I don’t know much about Edmund Phelps’ work (here’s his CV).  As Geoff commented in response to my erroneous prediction, the award did indeed go to an economist who “has never been in my kitchen,” and thus Geoff will be doing some fine dining on me.  ... Monday Morning Quarterback — Nobel Edition

Report on 2006 Proxy Season

The 2006 Postseason Report, an analysis of the 2006 proxy season prepared by ISS, is now available online (see here). As expected, the big issue was majority voting for the election of directors. According to the report, more that 180 U.S. companies adopted some type of election reform. Most of these companies, however, followed the ... Report on 2006 Proxy Season

Nobel Speculation and Some Very Casual Empiricism

With the Econ Nobel (or for those who feel better using the official label, the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” … ) to be announced on Monday, the time is ripe for speculation. Greg Mankiw, Don Boudreaux, the WSJ, and Tyler Cowen have chimed in on the frontrunners. Cowen ... Nobel Speculation and Some Very Casual Empiricism