The Wall Street Journal editorializes today (subscription required) on a rare bit of good news from the world of tort law:
If the criminal investigation of class-action titan Milberg Weiss is anything to go by, prosecutors may finally be starting to hold the trial bar accountable for its legal abuses. Another good sign is that a separate federal grand jury, this one in New York, is investigating the ringleaders of the latest tort scam, silicosis.
Apparently Europe is buying in to the concept. Here are two key paragraphs from today’s Washington Post, in this article from Robert J. Samuelson, “The End of Europe”:
It’s hard to be a great power if your population is shriveling. Europe’s birthrates have dropped well below the replacement rate of 2.1 children for each woman of childbearing age. For Western Europe as a whole, the rate is 1.5. It’s 1.4 in Germany and 1.3 in Italy. In a century — if these rates continue — there won’t be many Germans in Germany or Italians in Italy. Even assuming some increase in birthrates and continued immigration, Western Europe’s population grows dramatically grayer, projects the U.S. Census Bureau. Now about one-sixth of the population is 65 and older. By 2030 that would be one-fourth, and by 2050 almost one-third.
Bernie Ebbers got 25 years in the cooler for his role in the demise of WorldCom. If he serves the full sentence, he’ll be 85 years old when they let him out. Here’s how AP described his reaction when the verdict came down:
The Melbourne Herald Sun reports, “Fast food could be subject to a new tax of up to 50 per cent under a plan to fight Australia’s worsening obesity epidemic. The proposed fat tax would, hopefully, steer consumers away from calorie and sugar-laden foods and force them to choose cheaper, healthier options.”
Following last month’s Supreme Court decision in No. 04-277, National Cable & Telecommunications Assn. v. Brand X Internet Services, which denied the use of established cable lines to high-speed ISP competitors, there might be a new addition to the broadband internet market.
In a recent commentary criticizing the fast food tax, I wrote,
the fast food industry is really too easy a target for the government. Besieged by the media and public opinion (consider the popularity of the film Super Size Me), quickservice restaurants have gotten the reputation for being extremely unhealthy.
As the jobless levels across the nation continues to decline, Michigan continues to lag behind. The nationwide unemployment rate decreased to 5.0% in June, to the lowest levels since September, 2001 according to reports. Meanwhile, Michigan remains at the bottom of the list with the worst unemployment levels, upwards of 7%.
ARMAVIRUMQUE passes along an excerpt from an article posted yesterday by The New Republic, “The Killing Machine,” by Alvaro Vargas Llosa. The article is about Che Guevara, and the famous photograph that “thirty-eight years after his death, is still the logo of revolutionary (or is it capitalist?) chic.”
So says Dr. George Ayittey, a professor of economics at American University and founder of the Free Africa Foundation, in an interview on today’s Morning Edition from NPR.
Ayittey argues in part that after the African nations gained independence, they rejected the market system out of hand as a Western innovation, to the detriment of their societies. He calls for a return to indigenous structures of civil society, which embrace markets and free trade.
Three separate studies published by the Archives of Pediatrics & Adolescent Medicine suggests that too much TV-watching can harm children’s ability to learn. The article says that in one study, involving nearly 400 northern California third-graders, those with TVs in their bedrooms scored about eight points lower on math and language arts tests than children without bedroom TVs. A second study, looking at nearly 1,000 adults in New Zealand, found lower education levels among 26-year-olds who had watched lots of TV during childhood. A third study, based data on gathered from nearly 1,800 U.S. children, found that those who watched more than three hours of television daily before age 3 scored slightly worse on academic and intelligence tests at ages 6 and 7 than youngsters who watched less TV.
