Posts filed under “Legal”
By now, you have surely heard about Indiana’s so-called Religious Freedom Restoration Act and its potential for giving cover to those who discriminate against gay people. A backlash that had already been gathering momentum burst open this weekend, driven by an op-ed by Apple Chief Executive Officer Tim Cook in the Washington Post. As Cook wrote:
America’s business community recognized a long time ago that discrimination, in all its forms, is bad for business.
The law’s passage has led to a torrent of business responses. I want to discuss the potential economic aspects of these, and what it might mean to the state of Indiana.
At stake are losses for manufacturing ($95.4 billion in annual state output), finance ($44 billion) and tourism ($10.3 billion) — not to mention reputational harm. Arizona adopted a similar religious-freedom bill last year, but “opposition from the state’s business interests led Republican Governor Jan Brewer to veto it.”
Any discussion of the economic implications and financial consequences of this law must take account of the speed of the response and the wave of unfavorable publicity
Continues here: Indiana’s Costly Anti-Gay Experiment
Governor Mike Pence is lying about the purpose of this law. The photo below, and who the governor invited to its being signed into law, very much reveals the motivation behind SB101 — its not pro-religion, its anti-gay, and thats wrong. Its also bad business — companies like Apple and Angies List may very well…Read More
Later this week, I am interviewing Cliff Asness for Masters in Business. While doing some prep work for the show, I came across this delight: The Cliff Asness Disclosure document: Cliff Asness Disclosure: The views and opinions expressed herein are those of the author and do not necessarily reflect the views of AQR Capital Management,…Read More
West Uses Anti-Terror Laws to Murder Farmers, Small-Time Drug Dealers and Low-Level Taliban Members – Poppy Farmers, Drug Couriers and Drug Dealers Spiegel reported yesterday that drug dealers and low-level Taliban members were targeted for death by drone: NATO didn’t just target the Taliban leadership, but also eliminated mid- and lower-level members of the group on…Read More
How Has the Bankruptcy Act Affected Bankruptcy Filings? By Juan M. Sánchez, Senior Economist ©Thinkstock/bobbushphoto It is well known that the number of non-business bankruptcy filings increased dramatically during the ‘80s and ‘90s. This period has been referred to as the “revolution in consumer credit and consumer bankruptcy,”1 as the number of Chapter…Read More