- “FATCA: An American Tax Nightmare” [Stu Haugen, New York Times via TaxProf]
- Following Iceland’s model? “Neither [Krugman nor Yglesias] mentions that a major part of the Icelandic recipe was letting *foreign* deposit holders twist in the wind.” [Tyler Cowen]
- Wasting a Crisis: Why Securities Regulation Fails, new book by Virginia law dean Paul Mahoney [Thaya Knight, Cato, with video of Cato event]
- Seventh Circuit reverses $2.46 billion judgment against HSBC Holdings in Household International case [Reuters/Business Insider]
- “I’ve been with them 40 years and then they have this? It’s a pain.” Banks close longtime local accounts as anti-money-laundering rules squeeze economy in border town Nogales, Ariz. [W$J]
- Six regulatory agencies issue diversity guidelines for financial institutions, implementing Dodd-Frank mandate [FDIC]
- Judge to Labaton Sucharow, Bernstein Litowitz: you might at least want to talk to those “confidential informants” your case relies on [Daniel Fisher, Forbes]
- “Judge dismisses ‘American Idol’ racial bias lawsuit” [Reuters]
- “Don’t sue your art dealer, because you won’t win” [Shane Ferro, Business Insurance on fate of Ronald Perelman suit against Larry Gagosian]
- Lawyer with big case pending before West Virginia high court bought plane from chief justice’s spouse [ABC, Charleston Daily Mail, WV Record]
- Remembering Bruno Leoni, classical liberal known for theory of superiority of decisional law process over legislation [Cato panel this summer, Todd Zywicki/Liberty and Law]
- “If I ever shoot your wedding, I’ll be sure to add a clause of ‘You cannot sue me for $300,000.'” [@GilPhotography on PetaPixel coverage]
- “Court Unconvinced by Lawyer Dressed as Thomas Jefferson” [Lowering the Bar]
- Arizona attorney general to GM: gimme $10K for every vehicle you’ve sold in my state [Bloomberg]
Maricopa County (Phoenix) Sheriff and longtime Overlawyered mentionee Joe Arpaio did not keep close track of the military-grade gear the Pentagon gave him — in fact, his office seems to have lost some of it — and now the feds are lowering the boom: “Because of the agency’s continued failure to locate nine missing weapons issued by the Pentagon’s 1033 program, the Sheriff’s Office was terminated from the military-surplus program, effective immediately. The agency is required to return its cache of issued firearms, helicopters and other gear within 120 days.” Arizona Republic reporter Megan Cassidy quotes me regarding the interesting timing of the announcement, following closely after events in Ferguson, Mo. helped stir a nationwide furor over the 1033 program. It’s not specified (h/t Lauren Galik) whether they’ll have to give back the hot dog machine and $3,500 popcorn machine.
Three columns to read on the subject: Gene Healy, Glenn Reynolds (linking this site), and Nat Hentoff (like Healy, a Cato colleague) in his syndicated column (thanks for mention). I had a letter to the editor yesterday in the Frederick News-Post drawing connections with local lawmakers (as well as a blog post at Free State Notes with similar themes) and the Arizona Republic quoted me Tuesday on the federal subsidy programs that drive militarization, including transfers to the ever-controversial Maricopa County Sheriff’s Office of Joe Arpaio. Earlier here, here, here, here, here, etc.
P.S. Also quoted on NPR.
As I and many other writers have noted lately, the town of Ferguson like several nearby suburbs in St. Louis County has a reputation for raising revenue through aggressive use of tickets for minor traffic and vehicle infractions, a practice that many suspect weighs more heavily on poorer and outsider groups. Blogger Coyote, who now lives in Arizona, has some reflections about police practice in that state and also adds this recollection from an earlier stint in Missouri:
I worked in the Emerson Electric headquarters for a couple of years, which ironically is located in one corner of Ferguson. One of the unwritten bennies of working there was the in house legal staff. It was important to make a friend there early. In Missouri they had some bizarre law where one could convert a moving violation to a non-moving violation. A fee still has to be paid, but you avoid points on your license that raises insurance costs (and life insurance costs, I found out recently). All of us were constantly hitting up the in-house legal staff to do this magic for us. I am pretty sure most of the residents of Ferguson do not have this same opportunity.
After 17 months the federal government has released heavily redacted information in response to a FOIA request, shedding new light on the probe into the systematic abuses committed by Sheriff Joseph Arpaio and allied county D.A. Andrew Thomas. We’ve been covering them for years. [Arizona Republic, auto-plays]
I discussed it yesterday at Cato at Liberty, shortly before Arizona Gov. Jan Brewer vetoed the bill. My Cato colleague Ilya Shapiro’s thoughts are here. For those who want a deeper dive, here’s the Douglas Laycock-drafted letter on the bill in its entirety, and here is the student note he cites making a case for courts’ application of RFRA to private lawsuits. (& welcome visitors: Ramesh Ponnuru, Paul Mirengoff, Stephen Richer/Purple Elephant, Memeorandum, Hans Bader)
P.S. To clarify, the Arizona bill would have enacted into law as part of the state’s mini-RFRA two broad applications of RFRA that many courts have been unwilling to concede to advocates heretofore. One is its availability as a defense in private litigation, not just in discrimination complaints but across the entire range of legal disputes arising in some way from state (in this case) law. That’s potentially a broad intervention into otherwise available private rights, and the fact that it’s in no way limited to discrimination law is one reason I would foresee that it would wind up having some surprising or unintended consequences along the line. A second broad application which drew fire from some critics would be to make available to businesses and various other nonprofit and associational forms of organization the defenses and other remedies otherwise available to individuals. I noted in this post a few weeks ago a high-profile case in which a panel of the D.C. Circuit, parting company from the Fifth, declined to recognize business coverage under the federal RFRA.
Longtime Maricopa County, Arizona sheriff Joe Arpaio talks quite a game as a populist defender of the ordinary citizen. His actual record, however, has been one of grave abuse of power. One of the worst incidents has now come home to roost: The Maricopa County Board of Supervisors has unanimously approved a $3.75 million settlement over an incident in which Arpaio’s deputies arrested two critical journalists at their homes in the middle of the night. [Phoenix New Times]
Federal officials at HUD are making life difficult for a popular Arizona housing complex that specializes in serving hearing-impaired residents because they say it is failing to attract and serve non-hearing-impaired persons. [Arizona Republic]