During my last semester of law school, we read an interesting case for Corporations class, A. P. Smith Mfg. Co. vs. Barlow, 13 N.J. 145, 98 A.2d 581.  In this 1953 decision by the New Jersey supreme court, the question (basically) was whether the corporation was allowed to donate money to charity, or whether donating would be an illegal waste of the shareholders’ money.  I won’t bore you with the legal details (the court found that the corporation was allowed to make such donations), but listen to some of the testimony in the case:  Read the rest of this entry »

Lights Out

May 30, 2011

Did you know that Congress has already banned incandescent light bulbs in the future?  Neither do most Americans.  The law was passed in 2007; the phase-out begins with the 100-watt bulb in 2012.  (You can also read more about it at a Web site created for the movement to repeal the ban.)

Practically speaking, like most overweening big-government schemes, this will have unintended consequences.  In this case, we already know what some of them will be: 

1 — Scientists find that the main alternative, compact fluorescent light bulbs (CFLs), should be used sparingly and not left on for very long, because they are poisonous and may give you cancer:  Read the rest of this entry »