The US 9th Circuit Court of Appeals is close to ruling on key portions of the Alex Sanchez case involving prosecution conflicts-of-interest and double jeopardy issues. Meanwhile, two-and-one-half years after the initial arrests, the top lawyers for both sides are leaving the case. Sanchez has been out on bail since January 2010 after the 9th [...]
Lee Fang: In responding, Dean Baquet, the assistant editor of the Times, debunked claims of factual inaccuracies listed by Issa spokesman concerning a major investigation it had published two weeks ago.
Dan Bacher: Grassroots environmental leaders, including John Lewallen, the co-founder of the Ocean Protection Coalition and the North Coast Seaweed Rebellion, are supporting the litigation against the Marine Life Protection Act Initiative, in contrast with some corporate environmental NGOs that back the process.
Berry Craig: Generally, the smaller a paper or TV or radio station is, the greater its bias against unions. Their anti-unionism is sometimes as plain as their front doors, which are often plastered with decals or stickers proudly proclaiming chamber membership. The fact that the chamber is openly pro-business and anti-union apparently doesn’t trouble local media owners about conflicts of interest.
Joseph Palermo: The financial reform legislation currently winding its way through the Congress is a step in the right direction but it retains too much of the status quo that brought down the economy in the first place. The key problem, as many economists have been telling us, is that the top financial institutions remain “too big to fail.” Congress can enact all the regulations it wishes but even the best written rules won’t be enough to prevent another financial meltdown.
In a word: No. The plan doesn’t stop stop bankers from making huge, risky bets with other peoples’ money. It does increase capital requirements and oversight, but it doesn’t require bankers to take their pay in long-term stock options or warrants, and it doesn’t even hint that banks should go back to being partnerships instead [...]
As the White House unveils its long-awaited proposals to prevent another Wall Street meltdown in the future, keep a lookout for three essentials. Without them the Street will revert to its old ways as soon as the coast clears. In fact, now that the government has bailed out the Street, the biggest banks will take [...]