…such office.” In affirming the District Court’s order denying removal, the U.S. Court of Appeals for the 5th Circuit ruled that although the oil companies may have been “acting under”…

David Vitter (R-DiaperPuta) stands firm: Sen. David Vitter (R., La.) will block two nominees to the Securities and Exchange Commission… Daniel Gallagher Jr., a partner at the law firm Wilmer…

…today in the court’s decision to agree to hear a case concerning interpretation of Federal Rule of Civil Procedure 8, the key statutory procedural rule laying out “pleading” requirements. It’s…

Twenty years ago, Professor Edward Leamer gave an important presentation at the Fed’s Jackson Hole meeting entitled “Housing IS the Business Cycle.” The current environment is putting that hypothesis to…

…acting without proof or solid knowledge. Sometimes, the rule is to not do something new until there is proof that it works. Usually, the rule is entirely different. I do…

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…

…that one of the two grounds for constitutional challenge–that Congress can’t delegate specific rulemaking functions to executive-branch agencies, because that constitutes a violation of the doctrine of separation of powers–was…

…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…

…that: think twice about calling it “income” — even with the Haig-Simons tag attached. I’ve received almost-universal pushback on the “comprehensive income” label, even from the most enlightened (and progressive)…