I have argued in my previous posts this month that anti-corruption law has the ironic effect of exacerbating corruption and other forms of socially destructive corporate behavior in developing countries. This occurs because of the FCPA's sanctioning effect -- the withdrawal of capital from developing countries. The resulting void is filled by companies from countries that do not enforce anti-corruption and similar laws -- the so-called "Black Knights," particularly China. (For my longer discussion of the topic, see Unwitting Sanctions, at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1429207). In my remaining time on the Blawg, I want to flesh out that problem a bit and propose a few remedies. continue reading
I was sorting and deleting some photos stored on my netbook drive, when I ran across a few images that prompt the following post.
About 12 years ago, I received a used desk as a gift. The desk had been purchased for about $100 from an estate sale. The buyer decided it was too large, so she sold it to the person who gave it to me as a birthday gift. I didn't really like the desk, but I accepted it appreciatively because it was a gift and have used it ever since.
Gretchen Koch has an excellent post on the death penalty and the rush to execute Troy Davis at a time when it was becoming quite evident that there was a very good chance that Davis was innocent.
My opposition to the death penalty, and my reasoning for opposing it, hasn't changed since the day I signed that petition-- I still believe that we as a society gain nothing from it, and we risk losing something which should always be significant: the life of an innocent. The Innocence Project, which was founded in 1992 to examine the cases of imprisoned convicts using DNA testing, has exonerated seventeen convicts from death row in eleven states. Collectively, they served over two hundred years in prison for crimes they didn't commit. But because they had not been executed (yet), it was possible to release them and allow them to have something of their previous lives back. Nevertheless, this doesn't appear to be a compelling thought at all for many Americans.
Police pulled over a car in the Riverside neighborhood on Wednesday because it was driving erratically. As the officer approached the window, the driver was just finishing off a line of heroin from his hand. Seriously. The Tribune writes:
"Mr. (Eduardo) Perez was snorting and licking his hands as the officer was standing at the driver side window asking Mr. Perez to produce his driver's license," Riverside Police Chief Tom Weitzel said in the release. "Mr. Perez's actions displayed a total disregard of the safety of other motorists who were traveling on Harlem on a Wednesday morning."
Perez, 31, was charged with possession and DUI, along with a number of traffic citations.