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Archive for February 28th, 2011

Cy pres in Class Action Lawsuits: Alive and Well? »

Last Friday an Illinois court resurrected a previously overturned $10.1 billion tobacco verdict, sending the case back to Madison County, Ill., for a possible retrial. According to Yahoo! News carrying the AP story: In 2003, now-retired Madison County Circuit Judge Nicholas Byron found that Philip Morris misled customers about “light” and “low tar” cigarettes...
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Why Is Ralph Nader Surprised by Pres. Obama’s Uncharitableness? »

In a recent piece in The Chronicle of Philanthropy, Ralph Nader bemoans President Obama’s failure to use his position and standing to advance the non-profit sector: Yet, though he rhetorically urges more volunteerism, as all presidents do, in his travels around the country, he stops most often at factories and campaign fund-raising events patronized...
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A Quick Look at U.S. Government Debt »

The U.S. government historically went into debt suddenly to fight wars and then gradually repaid the debt, entirely or in large part, in the postwar period. This pattern held until the Great Depression and World War II, when the government went massively into debt, but did not pay off much of that debt afterward. However, it did not add much to the...
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