John Roberts wrote in yesterday’s opinion in McCutcheon v. FEC that Congress may still “regulate campaign contributions to protect against corruption or the appearance of corruption.” He then limited “corruption” to an actual quid pro quo. Which raises the question of what, exactly, the appearance of quid pro quo corruption looks like. Y’know, as opposed […]
Via the New York Times comes this chart from the Federal Election Committee on the Supreme Court ruling on caps to political contributions.
Seth Klarman’s work is to take money from clients and invest it. Yet, he made news recently by returning some $4 billion back to his clients. He did not want to invest their money. Why would he do such a thing when it is his job to invest money? He says the market is not […]
by J Tsimeskes Overhead Allocation vs. Theft I was readingDean Baker’s excellent post today on high speed trading. My initial reaction was that this was simply theft, high frequency traders supply absolutely no value to anyone but reduce the gains made by legitimate traders. The first comment, however, made me think. SteveB asks “I don’t […]
I am posting this because the source of this study caught my attention. It is out of the Ben-Gurion University of the Negev (BGU) and the University of Amsterdam, Psychologists Dr. Shaul Shalvi and Dr. Carsten K. W. De Dreu respectfully. Dr. Shalvi is the head of BGU’s Center for Decision- Making and Economic Psychology. […]
That’s right, folks. It’s right here.