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The US flag flying at Guantánamo Bay. 'As covert operations were shielded from oversight, so human rights violations became not just inevitable but routine.' Photograph: Bob Strong/ReutersLittle more than a week after 9/11, Cofer Black gave instructions to his CIA team before their mission. "I don't want Bin Laden and his thugs captured, I want them dead … I want to see photos of their heads on pikes.
If you were living in Crimea, would you prefer to remain part of Ukraine with its coup-installed government – with neo-Nazis running four ministries including the Ministry of Defense – or would you want to become part of Russia, which has had ties to Crimea going back to Catherine the Great in the 1700s?
Paul Ryan says that “the left” is offering Americans “a full stomach and an empty soul.” The truth is that conservatives like Paul Ryan are offering Americans empty stomachs and empty rhetoric . The American people want more than that.
Near the end of his Thursday morning speech at CPAC (the Conservative Political Action Conference), Paul Ryan told a story about a boy who didn’t want his free school lunch.
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For people with COPD, Multiple Chemical Sensitivity, and Asthma, Chemically Scented Products can be a major Disability Barrier. Just a quick surf on the internet shows how many people are unable to…Continue
Started by Melva Smith in Sample Title Aug 9, 2011.
Dear Fellow Activists. What do you all think about a scent-free Olympics? If you or someone you know finds scented products to be a disability barrier, you might be interested in knowing that there…Continue
Tags: COPD, Sensitivity, Allergy, Sports, barriers
Started by Melva Smith in Sample Title Jun 21, 2011.
I've been active now in a concerted way for many years, and I've worked on a number of causes and with many different people. Most of these relationships have been very positive. Activists are…Continue
Tags: organizing, activism, Ethics
Started by Cromag in Uncategorized. Last reply by Ice Goldberg Oct 21, 2009.
Posted by Cromag on March 4, 2014 at 1:00pm 0 Comments 0 Likes
By Chris Hedges March 2nd, 2014
OXFORD, England—The morning after my Feb. 20 debate at the Oxford Union, I walked from my hotel along Oxford’s narrow…
Continue Posted by Cromag on February 28, 2014 at 3:24pm 0 Comments 0 Likes
Posted by Cromag on February 22, 2014 at 6:00pm 0 Comments 0 Likes
Reactions to Anatomy of a Deep State from the Bill Moyers Show
February 2014 - Credit: Dale Robbins
The notion of the “Deep State” as outlined by…
Continue Posted by Cromag on January 27, 2014 at 8:00am 0 Comments 0 Likes
A specter is haunting the French humanist mind these days--a radical ecology movement that threatens to replace the idealization of humanity with an idealization of nature. Already we see "the passing of the humanist era," writes Luc Ferry, a philosopher at the Sorbonne and the University of Caen, in this prize-winning critique of that movement, a book all environmentalists ought to read. It…
Posted by Cromag on January 25, 2014 at 10:09pm 0 Comments 0 Likes
... "So what would a radically different law-driven consciousness look like?”
The question was posed over three decades ago by a University of Southern California law professor as his lecture drew to a close. “One in which Nature had rights,” he continued. “Yes, rivers, lakes, trees. . . . How could such a posture in law affect a community’s view of…
Posted by Cromag on September 5, 2013 at 5:46pm 0 Comments 0 Likes
Posted by Cromag on August 27, 2013 at 5:50pm 0 Comments 0 Likes
Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money?
In a letter to Federal Reserve Chairman Ben Bernanke dated June…
Continue Posted by Cromag on August 7, 2013 at 1:55pm 0 Comments 0 Likes
Back in distant, halcyon 2010, I was asked to write something about Wikileaks and its Cablegate scandal. So, I wrote a rather melancholy essay about how things seemed to me to be going — dreadfully, painfully, like some leaden and ancient Greek tragedy.
In that 2010 essay, I surmised that things were going to get worse before…
Posted by Cromag on July 9, 2013 at 1:56pm 0 Comments 0 Likes
Mon, 7/1/2013 - by Thomas Linzey
A little over 10 years ago, a small, rural township in central Pennsylvania banned corporate factory hog farms from their community. A couple of years later, several New Hampshire and Maine towns banned Nestle and other corporations from extracting water for…
Continue Posted by Cromag on July 7, 2013 at 12:00pm 0 Comments 0 Likes
In an article recently posted to SSRN I addressed certain issues faced by the SEC in the ongoing Title III rulemaking process under the JOBS Act of 2012, enacted into law by Congress in April 2012. The SEC issued proposed rules to implement Title III in October 23, 2013, and has yet to issue final rules.
Title III of the JOBS Act created an exemption from registration for the offer and sale of so-called "crowdfunded" securities under the Securities Act of 1933, allowing the offer and sale of securities to an unlimited number of unaccredited investors without registration with the SEC, on an Internet-based platform, through intermediaries (portals) which are either registered broker-dealers or SEC licensed "funding portals." Title III also provided for a number of built-in investor protections, including limitations on the amount invested, a limitation on the amount an issuer may raise in a 12 month period ($1 million), detailed financial and non-financial disclosure in connection with the offering, and ongoing annual issuer disclosure. Congress left much of the details of Title III in the hands of the SEC, to be fleshed out in the rulemaking process.
EU proposal for a regulation on structural measures improving the resilience of EU credit institutions
1. On 29 January 2014 the European Commission published a proposal for a regulation of the European Parliament and of the Council “on structural measures improving the resilience of EU credit institutions”. This proposed legislation is the EU’s equivalent of Volcker and Vickers. It was initiated by the Liikanen report published on 2 October 2012 but the legislative proposal departs in a number of ways from the report’s conclusions. There are two significant departures: the legislative proposal contains a Volcker-style prohibition, which also departs from the individual EU Member States’ approach, and, although the proposal contains provisions which mirror the Vickers "ring-fencing" approach they are not, in direct contradiction to Liikanen’s recommendation, mandatory.
Staggered boards have long played a central role in the debate on the proper relationship between boards of directors and shareholders. Advocates of shareholder empowerment view staggered boards as a quintessential corporate governance failure. Under this view, insulating directors from market discipline diminishes director accountability and encourages self-serving behaviors by incumbents such as shirking, empire building, and private benefits extraction. On the contrary, defendants of staggered boards view staggered boards as an instrument to preserve board stability and strengthen long-term commitments to value creation. This debate notwithstanding, the existing empirical literature to date has strongly supported the claim that board classification seems undesirable, finding that, in the cross-section, staggered boards are associated with lower firm value and negative abnormal returns at economically and statistically significant levels.
On February 18, both Argentina and the Exchange Bondholders Group filed petitions for writs of certiorari with the Supreme Court, seeking review of the Second Circuit’s rulings in the pari passu litigation. We discuss below the certiorari procedure, followed by comments on substantive arguments raised by Argentina and the Exchange Bondholders.
Our many prior comments on Argentina’s pari passu litigation, as well as all of the material pleadings and decisions (including the two February 18 certiorari petitions), can be found on our Argentine Sovereign Debt webpage, at http://www.shearman.com/argentine-sovereign-debt.
The small company initial public offering (IPO) is dead. In 1997, there were 168 exchange-listed IPOs for companies with an initial market capitalization of less than $75 million. In 2012, there were seven such IPOs, the same number as in 2003.
While there is no doubt that the small company IPO has disappeared, the cause of this decline is uncertain and disputed.
A number of theories have been offered for this decline, but the most prominent theory attributes the decline to increased federal regulation and market structure changes also driven by federal regulation. The explanation for this decline is important, because it has driven passage of the JumpStart Our Business Start-ups Act (the JOBS Act) as well as recently introduced Congressional legislation to mandate decimalization for a five-year period for all companies with a market capitalization of $750 million or below.
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