Wow, the Obama tax promise rubber hits the road. $440,000 tax increase on a $5 million income. Sounds awful but that is actually less than a 9% increase in marginal rate. When I first started to study the law, the…
GOP senators weigh options in Sotomayor’s wake
Sonia Sotomayor seems to have made it thru the Senate confirmation hearings without creating a major political issue for the Republicans or some misstep which would threaten her nomination. Life in American politics has changed when only some Republicans are…
Paulson defends his response to economic crisis
Was Henry Paulson a hero or someone who cried fire in a crowded theatre? That will be debated perhaps as long as the politics of Herbert Hoover. But I doubt he will have any dams named or unnamed for him.…
SEC charges 11 people with insider trading
One of the great mysteries of the financial crisis of 2008 was where was the SEC while this catastrophe evolved? It wasn’t just Bernie Madoff, it was the complete failure to require publicly held companies to make full disclosures. Maybe…
Historic Sotomayor confirmation hearings under way
With the hearings commencing today to confirm Supreme Court nominee Sonia Sotomayor, the Republicans get to dominate the headlines with their attacks on an experienced, liberal judge, because she believed in Affirmative Action. The Connecticut Fire fighters case will wrongly…
Finally 60? Franken in Washington, says he’s ready to work
I had a minor in history, a major in journalism, graduated high in my law school class. But until George Bush won his second term in office, I didn’t know about the 51 means 60 rule in the U.S. Senate.…
Analysis: GOP struggles for anti-Sotomayor message
Date: 7/5/2009 8:21 AM JULIE HIRSCHFELD DAVIS,Associated Press Writer WASHINGTON (AP) — A week before her Senate hearings, Republicans are floundering in their efforts to trip up Supreme Court nominee Sonia Sotomayor, unable to find an effective message about why…
Colin Powell attacks critics of Sotomayor
The below AP story discusses Colin Powell’s distaste for the Republican attacks on Supreme Court Nominee Sonia Sotomayor for racism. Affirmative Action is one of those legal and political issues upon which lawyers and politicians can have unique views which…
Judge OKs continued freezing of financier’s assets
Date: 7/3/2009 9:39 AM LOS ANGELES (AP) — A federal judge has granted the Securities and Exchange Commission’s request to continue freezing the assets of a California financier charged in a fraud case involving hundreds of millions of dollars. U.S.…
Mom in MySpace case says it was properly dismissed
Date: 7/3/2009 10:06 AM LINDA DEUTSCH,AP Special Correspondent LOS ANGELES (AP) — A Missouri mother said she never should have been prosecuted for her role in a MySpace hoax directed at a 13-year-old girl who ended up committing suicide. A…