GLG News in Legal, Economic & Regulatory Affairs

A privately owned corporation with a government guarantee creates a moral hazard.  The problems are similar in most respects to those that were experienced in the Savings and Loan Crisis in the 1980s: THEN: The smart money money men found that if they recycled thrift institution money (that was supported by a government guarantee) to buy junk bonds, if the junk bonds lived up to their name...

Preemption of state and federal regulation has become one of the most significant judicial consequences of the Bush era appointments to the federal courts.  The decisions of the Supreme Court and lower federal courts have narrowed the ability of state courts, state agencies and federal agencies to protect and provide legal remedies to persons who have been harmed by behavior...

Just as all –isms have had a remarkable longevity, the global “warmism” might stay about a bit longer. As it is driven by  politics, i.e. careers and money ─ a lecturer Man  became a tenured professor  and consultant with a guru status, Al Gore got a Nobel Prize, new  emission “soviets” on all levels will need thousands of well-paid university educated half-wits etc. ─  it...

The US economy could be $ 850 billion stronger if the trade balance were simply put back into near balance. A good majority of these jobs would be higher paying manufacturing jobs. The adjustment process could take 10 years or more and would require a shift in our prevailing economy position with respect to obligations under WTO rules.

Preemption may be the death knell for State law suits, but does it alleviate your ultimate avenue of redress?Will preemption create more problems than what its worth?

The Legal fall out to the Fannie Mae debacle is daunting! Is Freddie Mac next & what will this mean to the mortgage market?

This story is  being repeated all over the country.  In 2005, when the US economy was humming along and there was a perception that individuals who could afford to repay at least some of what they owed to creditors were taking advantage of overly generous bankruptcy laws, the Bankruptcy Code was amended in major part to make it more difficult for individuals to file chapter 7 bankruptcy...

What will be the true affect of this bailout?Will this in essence take over fix the real problem?

It is much more probable that "Global Warming" is driven by an entirely different engine. If, as proven,  exogenous factors ride the Earth’s climate, any  mega-billions - thrown to minimize the “global warming”,  supposedly caused by greenhouse gasses ( although no  significant correlation was ever found ), are wasted -  which, at the time of oncoming economic crisis makes...

The U.S. economy is at a pivotal point, and this data release provides important information about the direction the economy may take over the next six to twelve months.  There is good news and bad news in the report: Lower unit labor costs suggest that the Fed will be less worried about inflation in its upcoming meeting.  On the other hand, the jump in productivity growth likely reflects...