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    • From the Turnabout-Is-Fair-Play Dept.

    February 6, 2009 at 10:12 am

    1 Comment

    Trial lawyer Neil Fineman brought a class action lawsuit on behalf of customers of a department store who were asked to provide personal information to the store–usually an email address or phone number–when paying by credit card, which is against the law in California. The normal way these things work: … More

    Unintended Consequences on Executive Pay III: Exit Goldman

    February 5, 2009 at 9:53 am

    2 Comments

    Is it any coincidence that on the same day that the Obama Administration announces restrictions on executive pay for companies taking government bailout money, Goldman Sachs announced that it is pulling out of the government’s Troubled Asset Relief Program? The investment bank, says CFO David Viniar, is chafing under the … More

    Unintended Consequences on Executive Pay II: Pay Caps

    February 4, 2009 at 5:02 pm

    16 Comments

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my last post, I discussed the example of a ban on “golden parachutes” for top executives. Now, another item from the Treasury’s pay rules for companies … More

    Unintended Consequences on Executive Pay I: Golden Parachutes

    February 4, 2009 at 4:12 pm

    7 Comments

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. A case in point: the executive pay guidelines released by Treasury today.  Though the new rules seem to apply, at this point, to only the few corporations … More

    Shovel Ready or Plain Pork? Have Your Say

    January 30, 2009 at 2:43 pm

    20 Comments

    While the Obama Administration waffles on openness and transparency (see here and here), private citizens are stepping in to fill the void. The Heritage Foundation and other groups launched ReadtheStimulus.org to give citizens a chance to work their way through the massive spending proposal, flag suspicious language, and make suggestions. … More

    Taxpayers on the Hook for…Who Knows What?

    January 30, 2009 at 2:13 pm

    3 Comments

    Strike Two: Not only did President Obama fail to open the Ledbetter Act for public comment before he signed it, a violation of his pledge to boost transparency, but now his administration is refusing to release information on billion-dollar loan guarantees made to some of America’s largest banks. Bloomberg News, … More

    “Cash For Clunkers” Drives into Reality

    January 30, 2009 at 9:39 am

    6 Comments

    But for handing over gobs of cash with no strings attached, it would be harder to imagine a more sweetheart deal for the auto industry: According to the Wall Street Journal, Congress is considering a proposal to pay consumers to buy new cars. It could wind up as part of … More

    A Double Standard on Inaugural Tickets

    January 9, 2009 at 2:42 pm

    2 Comments

    Let’s say you decide tomorrow that you want to attend the inauguration the week after next. And let’s assume that, like most Americans, you do not have any political ‘in’ with the new administration or any of the congressional offices handing tickets out to donors and supporters. What are your … More

    Doing Ledbetter One Better

    January 9, 2009 at 11:44 am

    1 Comment

    One failure of news coverage of the Lilly Ledbetter Fair Pay Act—which would open the courts to claims of pay discrimination dating back years or decades—is that it has completely ignored a thoughtful alternative proposed by Sen. Kay Bailey Hutchison (R-TX). Hutchison’s Title VII Fairness Act (just reintroduced as S. … More

    Will the New Congress Hastily Create New Criminal Risks for Americans?

    January 7, 2009 at 11:38 am

    1 Comment

    (Post by Heritage Senior Legal Research Fellow Brian Walsh) A new year, a new Congress, and already the march of overcriminalization is underway. Without engaging this Congress in debate or meaningful committee oversight, Rep. Edolphus Towns (D-NY) is trying to ram through legislation–the Presidential Library Donation Reform Act of 2009 … More

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    Andrew M. Grossman

    The Morning Bell
    Morning Bell: President Obama Is Tired of Fighting Terrorism

    “We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender…” These were words President Obama never used during his speech at the National Defense University yesterday. Rather, … More

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