The guy spends half the article saying why arbitration doesn't work...and then proposes a system based on arbitration as the solution to our woes.
287 karma · joined October 14, 2008
The guy spends half the article saying why arbitration doesn't work...and then proposes a system based on arbitration as the solution to our woes.
Collusion is always illegal when it's anti-competitive, whatever the size of the participants of the collusion. The key point to take away though, is that the authorities are unlikely to enforce antitrust laws against minor/negligible market participants. However, as little as 2% combined total market share has been enough to justify enforcement of antitrust laws for collusion.
Banks are governed first and foremost by state law. State banking laws are very easy to adhere to. State/local banks do not have to be FDIC insured.
HOWEVER, once the state tries to offer services over state lines (to out-of-state customers, or out-of-state locations), then federal laws kick in. (Federal laws automatically kick in if a bank reaches a certain size.) Federal laws also apply to transactions between banks, where either bank is subject to federal laws (or if one bank is in a different state from another).
Finally, you vastly overestimate the lobbying prowess of national banks. Local/state banks have significantly more influence with politicians b/c they are in-state institutions (i.e., profits get taxed by that state; their executives are local businessmen instead of New Yorkers).
ATM fees should not be run by separate companies -- then you'd have a company that would need to profit off ATM transactions, instead of using them as a loss leader, which means higher fees and more of them.
Credit cards can't be run by non-banks, b/c they are loans, and state and federal law limits the institutions that can issue variable-size loans.
Furthermore, the OAuth system would not work. Period. A customer being able to cut off the card issuer's access to their account? You would never get any card issuer to agree to use the system, because of the enormous potential for fraud (run up the bill, cancel the issuer's access before payment). BTW, you can already manage your card's limits -- just use the online portal, or call your company.
Finally, advertising is an overrated business model. Believe it or not, at some point, you need to make money off an actual valuable service or product. As mentioned above, transaction fees would need to be jacked up (for the institution to make money), eliminating any reduced costs benefit to consumers.
Well, there's your problem. They didn't find a lot of things back in 1913, and the ability to detect cancer back then was about as advanced as their ability to detect neutrinos. All of the studies cited are more than 40 years old, with questionable methods or tools used.
BTW, grooveshark's model was not to pass liability onto the users. It charges premium subscriptions, and sells ads, and uses that money to pay the web-music license to the music licensing corporation.
Monetization is possible, using Amazon affiliate links. Just be aware that if you don't seek permission, you're liable for every penny you earn (regardless of costs), plus the above mentioned statutory damages.
EDIT: note that for songs distributed by a major label, the artist may not own the copyright, so you may have your work cut out for you. The easiest way to avoid the hassle of getting individual permission for each song is to sign a licensing agreement with the music licensing corporation. The most expensive way to go would be to do nothing at all, since the record labels will go after you if they think there's any money to be got.
A .tel domain may be great for the first person to get a popular .tel name, but it sucks for everyone else. And for that reason alone, it has no chance of replacing a telephone book.
Also, it is an expensive, proprietary, unscalable solution to a problem that doesn't exist.
The concept is taken from partnership law, where dissolution can be forced upon all partners even if only a handful of partners vote for it -- the partnership assets are liquidated and the proceeds distributed.
A drag along basically forces the organization to liquidate if the majority shareholders want to -- and prevents the minority shareholders from taking any steps to challenge it.
Drag along provisions are generally unenforceable in America if they prevent the minority shareholders from filing court action to challenge the transaction, or otherwise prevent minority shareholders from exercising rights under the law or under the contract which are not expressly waived in the language of the drag-along provision itself.
EDIT (quoted from the comments by the author) "AND MORE INFO FROM DR. MURRAY:
This particular study didn’t look at any specific fat types, but used a fairly normal mix of saturated, polyunsaturated and monounsaturated fats, as well as long chain and medium chain fatty acids. The readers are absolutely right that not all are likely to be equal, so we are carrying out further studies to flush out the real culprits. My own feeling is that the long chain fats are the worst offenders when it comes to decreasing metabolic efficiency, with medium chain fatty acids (such as those in coconut oil) possibly being less detrimental."
A corporation spends more money to create a creative work, so its actual damages are significantly more -- why should it be forced to swallow those other costs? (Even staffing costs are damages b/c those costs could have gone into some other endeavor).
Furthermore, work created for profit receives greater protection precisely b/c of the money interest involved -- if the work was created for free, the presumption is that the creator didn't carry about money, and so is not harmed much by infringement.
Private entities are not regulated by the constitution, which is why you can have tokens and gaming chips as legal tender in arcades and casinos.
The 5th amendment right to avoid self-incrimination only extends to testimony. A search warrant can compel you to furnish the contents of a safe (as property, it is governed by the 4th amendment -- due process is all that is required, and in this case, the process of getting a search warrant is all that the Constitution requires).
Also, there's a difference between an illegal contract (which is a nullity and for which no remedies are available in case of a breach) and an unenforceable contract (which may still be enforceable under theories of unjust enrichment, promissory estoppel, etc). A contract to do something illegal is an illegal contract. A contract with unconscionable (per se unfair) terms is usually an unenforceable contract.
Not being able to use flash is a feature....somehow.
Flagged as FUD.
Case law arises from the chancery courts of England, where the primary goal of the court was to do what was "fair", rather than simply what the law said.
Also, most law is applied more like fuzzy logic than like discrete logic -- a judge has a set of factors, each of which he may weigh separately, in reaching a decision.
No blood, no mess, no silly truther-type calls for revolution.
The only major US riots of the past few years are the LA and Detroit race-riots, neither of which was related to overarching policy.
I'm surprised that they ported it to the iPhone, given the almost complete lack of business users on that platform.
Affirmative action isn't about giving up the bottom 10% to unqualified minorities. It's about giving qualified candidates an opportunity they would otherwise have been denied. If the institution chooses to waste those spots on unqualified minority applicants, it's the fault of the institution and not affirmative action in general.
BTW, you appear to be conflating welfare with affirmative action in #1, 2, and 3. They aren't even remotely the same thing.
Punitive damage case law is inapplicable to compensatory damage cases (statutory damages are compensatory, not punitive).
It's like crime: if you commit a crime, you waive due process in regards to the formula used to determine what sentence you serve. Your only protection is what the people, via the legislature, has determined is a fair formula for determining sentencing.
BTW, you should check your case law. Statutory damages have always been upheld by the courts.
Statutory damages are not punitive damages. Statutory damages are compensatory damages, for when calculation of actual harm is impossible or practically so, though harm clearly exists. Here -- it's clear that the record company lost some money from the defendant's file sharing eating into sales, but how much?
Statutory damages are the only compensatory damages that are allowed to account for the legal costs of pursuing action. Attorney's fees are not awarded as part of compensatory damages, and are usually are only available for intentional torts. Finally, Statutory damages are in lieu of all other compensatory damages, and judges will rarely if ever grant punitive damages alongside a statutory election.
In response to your arguments above: Philip Morris is a punitive ("make an example of") damages case. It only applies to punitive damages. It does not apply to compensatory damages.