Legal, Economic & Regulatory Affairs News by GLG Council Members

No Recovery Until Consumers Come Back

August 15, 2009

Analysis by: GLG Expert Contributor

Analysis of:U.S. Economy's Rusty Rebound | www.forbes.com

The data last week showed that consumers are not yet back from vacation. Until they start spending, the recovery will not take place. The danger of lower labor force participation and higher unemployment is casting a shadow over potential economic expansion.

Comforting Fantasies

August 15, 2009

Analysis by: GLG Expert Contributor

Analysis of:Post-American Iraq | www.forbes.com

Those who can afford fantasy may find this article ideologically appealing.  Those who need accurate analysis will have to look elsewhere.

Security Cyber Czar Steps Down

August 15, 2009

Analysis by: GLG Expert Contributor

Analysis of:Security Cyber Czar Steps Down | online.wsj.com

Without a Cyber Security Czar in the federal government updates to the current Federal Information Security Act (FISMA) are not likely to happen quickly.

Four Opportunities and Challenges for Domestic Private Express Enterprise

August 15, 2009

Analysis by: GLG Expert Contributor

Analysis of:Four Opportunities and Challenges for Domestic Private Express Enterprise | www.cecss.com

Four Opportunities and Challenges for Domestic Private Express Enterprise

We Reply to Washington Post Blast at Federal LTC Insurance

August 14, 2009

Analysis by: GLG Expert Contributor

Analysis of:"Federal Diary: Buyers of Long-Term Care Insurance Riled by Premium Increase" | www.washingtonpost.com

Although private long-term care insurers have had to increase premiums on in-place business, private LTCI remains a much better option than going bare and relying on the social safety net. My reply to a Washington Post column explains why.

Recovery Delusion

August 14, 2009

Analysis by: GLG Expert Contributor

Analysis of:The Road Ahead For The Global Economy | www.forbes.com

Economic recovery is not about to come soon. Recent indications of a turnaround in the economy should not be considered permanent, as they mainly result from hugely increased government spending. Long term changes in the savings rate of the US economy point towards a necessary structural type of adjustment before growth and full employment are restored. In addition, limited financing availability resulting from the financial crisis will not change in the short run, further restraining activity.

Ohio Governor Projected $73 Million in Revenue from Keno, Got only $30 million

August 14, 2009

Analysis by: GLG Expert Contributor

Analysis of:Keno Income Falls Short | bit.ly

Adding Keno as a game under the Ohio lottery was projected to bring in $73 million in projected tax revenue for the state, but only realized $30 million in its first year of operation.

Penn National and Dan Gilbert Already Spending Big for Ohio Ballot Issue

August 14, 2009

Analysis by: GLG Expert Contributor

Analysis of:Casino Interests Wager over $5 million | bit.ly

The article discusses that Penn National and Dan Gilbert have already spent $5 million in support of their Ohio ballot issue.

BATTERY GRANTS: A SHOT IN THE ARM OR BAILOUT

August 14, 2009

Analysis by: GLG Expert Contributor

Analysis of:Big 3, Michigan win big in battery grants | www.detnews.com

BATTERY GRANTS: A SHOT IN THE ARM FOR MICHIGAN WORKERS OR ANOTHER BAILOUT FOR FAILED AUTO MAKERS.

China Does What Every Sane Government Should be Doing Now, and Wins

August 12, 2009

Analysis by: GLG Expert Contributor

Analysis of:China's Rebound Gathers Steam | www.forbes.com

The Golden Rule of all, long-lasting, empires in the history, the adage: “ Bread and Circuses” should be the goal of every government – who wants to stay in power -- in the nowadays world. Thus, in the nowadays tupsy-turvy world, governments, should follow the advice, no matter what the macroeconomic gurus, having no idea what’s going on, suggest. Now, China ( perhaps mindful of its ancient heritage ) came to this conclusion and does everything to make its population happy.

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