Copyright 2012 The Future of Capitalism Wed, 16 May 2012 23:38:58 -0400 http://blogs.law.harvard.edu/tech/rss The Future of Capitalism :: Writings http://www.futureofcapitalism.com webmaster@futureofcapitalism.com (The Future of Capitalism) webmaster@futureofcapitalism.com en-us http://www.futureofcapitalism.com/2012/05/obama-and-reagan Wed, 16 May 2012 22:46:11 EST Read it here first: "Next thing you know, President Obama is going to try to get Reagan as his running mate for 2012. Imagine the commercials" — Ira Stoll column, "Distorting Reagan's Record," Reason.com, July 18, 2011. Barack Obama campaign commercial http://www.futureofcapitalism.com/2012/05/texting-while-walking-ban Wed, 16 May 2012 11:03:58 EST Fort Lee, N.J., is reportedly going to start issuing $85 tickets to pedestrians caught walking while texting on their phones. This big-government stuff is really getting out of control — next thing you know they're going to start requiring everyone to http://www.futureofcapitalism.com/2012/05/another-toomey-data-point Wed, 16 May 2012 10:20:46 EST Further to the report here yesterday that Senator Pat Toomey of Pennsylvania is emerging as Governor Romney's top choice as his running mate comes the news in today's Politico Playbook that Crossroads GPS, the Republican group cofounded by Karl Rove, is http://www.futureofcapitalism.com/2012/05/pat-toomey-for-vice-president Tue, 15 May 2012 15:40:00 EST Pat Toomey, the Republican senator from Pennsylvania, is emerging as Mitt Romney's most likely running mate. A source in the Romney campaign said that Mr. Toomey, who won a statewide election in 2010, could put Pennsylvania, with its 20 electoral votes, http://www.futureofcapitalism.com/2012/05/romney-wall-street-fundraising Tue, 15 May 2012 15:08:13 EST Mitt Romney's fundraising from the financial industry in the context of the JPMorgan Chase/London Whale situation is the subject of my column this week. Please read it at the New York Sun (here) or Reason.com (here). http://www.futureofcapitalism.com/2012/05/richard-epstein-on-michael-sandel Tue, 15 May 2012 09:42:00 EST Libertarian law professor Richard Epstein's latest column is up at the Hoover Institution web site. In it, Professor Epstein challenges what he calls the "naïve communitarianism" of Harvard professor Michael Sandel. Professor Sandel's latest book, What http://www.futureofcapitalism.com/2012/05/rattner-on-dimon Mon, 14 May 2012 17:16:45 EST Steven Rattner writes: offsetting the $2bn loss (which Mr Dimon acknowledged could eventually be more) was at least $1bn of profits from other, similar activities. More importantly, even at $2bn, the loss represents only about 20 per cent of JPM's http://www.futureofcapitalism.com/2012/05/spitzer-on-dimon Mon, 14 May 2012 16:58:13 EST Former New York governor Eliot Spitzer, writing in Slate, calls on Jamie Dimon to step down from the board of the Federal Reserve Bank of New York. "Dimon should resign from the New York Fed board immediately, acknowledging that his role is incompatible http://www.futureofcapitalism.com/2012/05/the-rise-of-the-super-rich Mon, 14 May 2012 14:10:42 EST At the Atlantic, an article by Matthew O'Brien accompanied by charts purports to show that "the superrich have once again decoupled from everybody else," and that the "super-rich have left everyone behind the past 30-years." The charts show "real http://www.futureofcapitalism.com/2012/05/times-blames-income-inequality-for-dewey-collapse Mon, 14 May 2012 08:58:05 EST Here's an example of how journalists who come at the world from different perspectives can look at the same set of facts and draw different conclusions. I wrote last week about the implosion of of the law firm Dewey and LeBoeuf and blamed the situation http://www.futureofcapitalism.com/2012/05/paul-ryan-at-georgetown Sun, 13 May 2012 10:48:36 EST Peter Ferrara has a column in Forbes praising Paul Ryan's speech at Georgetown University: Ryan addressed the Catholic institution "as a Catholic holding public office" trying to conform his work to Catholic "social doctrine as best I can make of it." He http://www.futureofcapitalism.com/2012/05/afflict-the-comfortable Sun, 13 May 2012 10:15:14 EST Michael Goodwin, writing in the New York Post, seems to hold out "comforting the afflicted and afflicting the comfortable" as a good old standard of journalism. It is true that mission statement has long been discussed in journalism classes and in http://www.futureofcapitalism.com/2012/05/what-if-the-rich-leave-1 Fri, 11 May 2012 13:01:10 EST Bloomberg News has the latest development on the "What If The Rich Leave" front: Facebook co-founder Eduardo Saverin, whose stake in the company, post-initial public offering, could be valued at about $3.8 billion, is renouncing his American citizenship http://www.futureofcapitalism.com/2012/05/presidential-prep-school-prank-precedent Fri, 11 May 2012 09:00:37 EST The New York Times (here) and the Washington Post (here) are making a big deal out of Mitt Romney's prep school misbehavior in 1965. I'm the last one who would defend high school bullying or pranks or misbehavior, but let it just be said that it is not http://www.futureofcapitalism.com/2012/05/jamie-dimon-obama-and-the-london-whale Fri, 11 May 2012 00:21:40 EST President Obama is a potential victim of the announcement by JPMorgan Chase CEO Jamie Dimon, who earned $23 million last year, that his firm had suffered at least $2 billion in trading losses related to the so-called "London Whale" in a move that Mr.