John Oliver has this marvelously clear and detailed report on modern-day debtors’ prisons and how the combination of poor public policy, municipalities’ reliance on fines for their budgets, and private probation companies yields a legal system in which a minor infraction can ruin your life if you don’t have the money to pay the fine. […]
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by Paul Alan Levy I have blogged several times (for example here and here) about the efforts of Hadeed Carpet Cleaning to compel Yelp to comply with a Virginia subpoena to identify seven consumers who posted critical reviews on Yelp. Our principal concern about the subpoenas was Hadeed did not claim that the gist of […]
Fivethirtyeight.com has a thoughtful analysis this week about "equal pay day," which is the day on which the earnings of the average woman who worked continuously from the beginning of 2014 would catch up to the earnings of the average man who started at the same time but stopped at the end of 2014. (Put […]
…is the message of a Public Citizen post yesterday on Buzzfeed, which points to five reasons that a disaster of the same magnitude could recur. The problems, mainly, are a lack of safeguards and the absence of accountability. Read the whole analysis here.
The Federal Trade Commission announced today that it will host a workshop "to examine competition, consumer protection, and economic issues raised by the proliferation of online and mobile peer-to peer business platforms in certain sectors of the economy, often referred to as the sharing economy.” The workshop will take place on June 9 in Washington, […]
The Bankruptcy Court for the Southern District of New York has issued a lengthy opinion—a whopping 138 pages—holding that General Motors is largely immune from claims based on its pre-bankruptcy conduct, including claims involving faulty ignition switches. The bankruptcy proceedings resulted in the creation of a new company, General Motors LLC (“New GM”), which bought […]
The Dodd-Frank law shouldn't be the end of Congress's financial reform efforts, argued Sen. Elizabeth Warren in a speech today at the Levy Economics Institute. Sen. Warren called for specific additional regulatory measures, including the breaking up of big banks, closing regulatory loopholes, imposing tougher punishments for wrongdoing, and limiting the Fed's emergency lending powers […]
Affirming a district court's dismissal, the Seventh Circuit held that Sen. Johnson of Wisconsin did not have standing to challenge federal rules implementing Obamacare coverage for members of Congress and their staffs. Johnson's primary argument was that he suffered electoral/reputational injury by being subject to Obamacare coverage. The court rejected that argument because Johnson was […]
Huffington Post yesterday published a lengthy article about regulation — or lack thereof — of food additives by the Food and Drug Administration. The bottom line: Critics of the system say the biggest concern, however, is that companies regularly introduce new additives without ever informing the FDA. That means people are consuming foods with added […]
We've discussed before how minor infractions, when combined with a person's inability to pay, court fees, and predatory practices of private probation companies, can ruin someone's life. (See, for instance, here and here.) In today's New York Times, read this story about how the loss of a driver's license — one consequence of falling down […]