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Archive for the ‘Politics’ Category

I saw an excellent post about how Congress, including Democrats, weakened oversight of the financial system in the 90’s by restricting investor lawsuits. It is located on John Russonello’s blog, and I caught it after seeing it referred to in that venerable blog, Tort Deform.  Here is Mr. Russonello’s opening salvo:

President Obama’s pledge to bring back some [...]

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Now that Obama has become our 44th president, a feeling of excitement has infused the nation. He is young, level-headed, dazzlingly articulate and intelligent, and seems to carry so much promise. But as the excitement begins to wane as his honeymoon gets underway and reality sets in, we should keep an eye out for whether [...]

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We’ve bailed out the banks, we’ve bailed out insurance companies, we’re bailing out the auto industry … you’d think by now that even the most die-hard Libertarians among us would throw up their hands and admit that some regulation of industry is good.
Well, not Richard Epstein, a Law Professor at the University of Chicago, who, [...]

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Here is a good op-ed from Leonard Sloane about how tort reform, if enacted, will lift the floodgates on corporate fraud and wrongdoing.
“Tort reform” doesn’t work. Texas is the national model for so called “tort reform,” but medical-malpractice insurance premiums there only went down by 1.2 percent… “Tort reform” leads to unsafe health care. What [...]

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Cass Sunstein has been appointed to run the OMB Office of Information and Regulatory Affairs, which reviews major federal rules. While business has quietly applauded this move, liberals are worrying that Sunstein will not sufficiently support the rescinding of pro-business regulations enacted by the Bush administration or champion new ones pertaining to health and safety.
Sunstein, a prolific author and public intellectual, was [...]

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Elena Kagen, the well-respected Dean of Harvard Law School, has been nominated to be Solicitor General in the Obama administration. But is she qualified seeing that she has never argued a Supreme Court case, or for that matter, a single appellate case?
An article published in Legal Times discusses this issue and includes interviews with Supreme Court veterans [...]

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Bloomberg. com reports that billion dollar verdicts are vanishing from U.S. courtrooms. In 2008 no such verdict was rendered by a jury, and there was only one in 2007. But in the previous 14 years, there were a total of 26 billion-dollar verdicts.
One reason for this is that the Supreme Court and lower appeals courts have limited [...]

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Long Island Business News recently published an article concerning new laws that are going into effect this year that will affect business and consumers. Here they are in capsule summary form, but you can also check out the article for more detail:

Repeal of the no-prejudice rule that allowed insurers to deny coverage if the insured failed [...]

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A few days ago, I posted a video that was recently released by the Chamber of Commerce entitled “Faces of Lawsuit Abuse” showing images of those who have supposedly suffered severe hardship as a result of so-called frivolous lawsuits.
The implication was of bankrupted individuals and ruined small businesses because of greedy trial lawyers. Of course, it was all [...]

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This is the advertisement by the Chamber of Commerce that I made reference to in a recent post. Hmm… after further reflection, I think the word propaganda better describes it than does advertisement.
The piece obviously seeks to have a psychological effect on viewers seeing that it plays gripping music while a voiceover claims that lawsuits [...]

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