CPSIA: the new consumer-complaint database

A 3-2 vote at the Consumer Product Safety Commission last week ensures that the federal government will put its imprimatur behind allegations about supposed hazards in consumer products — whether true or not. I explain in a new post at Cato at Liberty.

P.S. Kelly Young comments: “I wonder if they’d be willing to maintain a public database of complaints against federal employees?” More: Coyote (comparing relative sophistication of Amazon, TripAdvisor consumer ratings systems with primitive nature of CPSC’s); letter from Rep. Joe Barton, PDF; Washington Post; ACSH.

Employers and the newly expanded ADA

In the ADA Amendments Act, signed by then-President George W. Bush in 2008 and taking effect the next year, Congress drastically expanded the scope of disabled-rights law, to cover, for example, persons “regarded as” disabled, as well as other formerly uncovered categories. According to one attorney advisor, employers from here out should basically assume everyone in their workforce is going to qualify as “disabled” if push comes to shove: “Challenging the employee’s ‘disability’ status is a waste of time with the new expanded definition of ‘disability’.” [Robin Shea, Employment and Labor Insider]

“Securities Class Actions Mostly Punish Shareholders, Study Finds”

“A new study in the Financial Analysts Journal casts serious doubt on the premise [of litigation social efficiency], at least when it comes to shareholder class actions. In most cases, the authors found, the litigation mainly serves to punish shareholders who have already suffered from a downturn in their stock. Only suits targeting illegal insider trading, and to a lesser extent, accounting fraud were associated with subsequent higher long-term returns.” [Dan Fisher, Forbes; Rob Bauer and Robin Braun, “Misdeeds Matter: Long-Term Stock Performance after the Filing of Class-Action Lawsuits”] More: Coyote.

November 30 roundup

  • Sooooo glad to be an American: that’s how Patrick at Popehat feels following latest Canadian-libel-law outrage directed at conservative blogger Ezra Levant (& see comments for alternate view);
  • Obama has pardoned more turkeys than people. Why? [Dan Froomkin, HuffPo]
  • “Reforming medical malpractice liability through contract” [Michael F. Cannon, Cato Institute working paper, PDF]
  • Memoir of jury foreman in criminal case [Tux Life]
  • Not too sharp: Massachusetts school district disavows policy of not letting students bring pencils to school [Slashdot]
  • State governors have big plans for liability reform. Maybe even loser-pays? [Carter at PoL, more; Florida, Indiana, Tennessee, Texas]
  • Parent who sent buzzworthy demand letter to Kansas City school board is a jazz musician [Wayward Blog, earlier]
  • From comic books to violent videogames: “Our puritanical progressives” [George Will]