Wednesday, April 27, 2011
Both men knew "where the money is."
Friday, April 22, 2011
Here are the salient points of Lomborg's essay, followed by some additional thoughts.
Tuesday, April 19, 2011
Over at Conglomerate, Eric Gerding, a respected Professor of Corporate Law, apparently disapproves agreements between universities and credit card companies creating so-called affinity cards, whereby universities help companies market such cards to students and alumni, in return for a portion of the earnings that such cards produce. Gerding plainly does not like such arrangements, and he urges readers to examine a database created by the Federal Reserve that reports on the terms of such deals, including what payments universities have received, how many cards have been issued pursuant to such arrangements, and the identity of the card issuer. (For instance, a search of the database will reveal that the Duke University Alumni Association received $1.375 million from Chase Bank, USA N.A., that there are over 8,000 cards issued pursuant to the Duke/Chase Affinity program, and that 4 such cards were issued last year.) Congress required the Fed to create the database in the so-called Credit Card Accountability, Responsibility and Disclosure Act of 2009, and the Fed in turn required companies with these programs to turn over such information, without providing the companies with compensation for the time and effort spent complying with this request.
Here is the substance of Professor Gerding's critique:
Let me explain.
Thursday, April 14, 2011
Saturday, April 2, 2011
One might add --- althought Greenwald does not mention it --- that President Clinton also asserted --- and exercised --- the unilateral power to attack a sovereign nation, that is, Serbia, against whom the United States and its NATO allies waged an air campaign for 78 days. Congress did not authorize the campaign. At the same time, I am not aware that President Clinton ever claimed that he would ignore an act of Congress that purported to countermand his decision to make war on Serbia.
In my view Greenwald overstates the equivalence between the position taken by President Obama (and Clinton) on the one hand, and that taken by President Bush, on the other. In some ways President Obama' claim of executive warmaking power is broader than that articulated, or at least pursued, by President Bush. But, there is also one sense in which President Obama's actual assertion of authority is less sweeping than President Bush's. Here is what I mean.