BLOG
Ankush Khardori has a brilliant – and lacerating piece – in Politico about the Jonathan Kanter-Lina Khan progressive antitrust revolution, and the 13 merger guidelines the Department of Justice antitrust chief and Federal Trade Commission Chair released in July.
BLOG
September is wishing well month for progressive antitrusters. Federal Trade Commissioner Lina Khan is expected to soon file her long-awaited antitrust lawsuit against Amazon, Khan’s obsession since she was a law student and first made her case against the online retailer in a law review piece.
SPEECH
You’ve heard over the course of this day-and-a-half about the legal pitfalls of progressive antitrust, as well as the mounting costs ESG heaps on your state funds, your taxpayers, your state retirees, and all investors. I will reiterate some of those points. But I will do so to point to a larger concern – that this controversy is about more than the right application of the law, the best returns for funds, or the responsibilities of a fiduciary.
OP-ED
Mention progressive antitrust in Washington, and the discussion turns to Lina Khan – who rose in half a decade from Yale Law School student to become the most powerful, and controversial, Federal Trade Commission chair in history.
BLOG
The Wall Street Journal reports that Rep. Bill Huizenga, chairman of the House Financial Services Subcommittee on Oversight, has fired off letters of inquiry to BlackRock, Vanguard, State Street, Fidelity and other firms before hearings scheduled for the fall on what it means to be a fiduciary.
OP-ED
A few years back, a Nevada man made millions of dollars selling lots on the moon , complete with “lunar deeds” to be framed and displayed. It turned out to be a strong business plan. At $24 an acre, lunar lots were snapped up by many eager buyers, including A-list movie stars and former U.S. presidents.