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☆ Judges keep failing to disclose their trips and gifts. Don't expect it to stop anytime soon.
▼ + stars: | 2024-09-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.

Persons: —, Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California

☆ Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won't hit locals' wallets
▼ + stars: | 2024-08-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.

Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, —, Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona

☆ French President Macron’s snap election gamble 'did not pay off,' professor says
▼ + stars: | 2024-07-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Macron had called for a new legislative nationwide vote in France after the country's far-right party made significant gains in the European Union election last month. The gamble that French President Emmanuel Macron took when he called a snap election has not paid off, according to Armin Steinbach, Jean Monnet professor of EU Law and economics at HEC Paris. Macron's centrist Ensemble bloc is set to make up the second-largest group in parliament, followed by the RN and its allies. Just because the far-right did not perform as they had hoped in this election does not mean they should be discounted for the presidential election in 2027, Steinbach added. "For today it's a loss for them, … but it doesn't tell us anything about the 2027 presidential election.

Persons: Macron, Steinbach, CNBC's Charlotte Reed, Emmanuel Macron, Armin Steinbach, Jean Monnet, Tina Fordham, CNBC's, Fordham, HEC's Steinbach Organizations: Popular Front, Interior Ministry, Union, EU Law, HEC Paris, Fordham Global Insight, European Union Locations: Paris, France, Steinbach

☆ France is more divided than ever after run-off vote, professor says
▼ + stars: | 2024-07-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance is more divided than ever after run-off vote, professor saysArmin Steinbach, Jean Monnet professor of EU Law and economics at HEC Paris, comments on the outcome of the second round of the French election.

Persons: Armin Steinbach, Jean Monnet Organizations: EU Law, HEC Paris

☆ Elon Musk may be done with Delaware, but don't expect other corporations to follow his crusade
▼ + stars: | 2024-02-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Elon Musk has had it with Delaware — but don't expect other corporations to flee the business-friendly state, too. Musk also specifically went after the judge who ruled to void his pay package, Kathleen McCormick, calling her an "activist and politician" in an X post. "The reason Elon Musk frequently escapes account from other judges is because they don't see through his phantabulating," Lauren Pringle, editor of the Chancery Daily, which covers Delaware courts, told the outlet. Advertisement"I don't expect a mass migration of firms from Delaware," Michal Barzuza, a professor at the University of Virginia who researches corporate law and governance, told the Post. So, despite Musk's latest crusade against the state, it seems unlikely many other Delaware-based corporations will jump ship anytime soon.

Persons: Elon Musk, Musk, Lawrence Cunningham, Kathleen McCormick, McCormick, Lauren Pringle, Michal Barzuza, John Coates, Fortune, there's, Coates, Musk's Organizations: SpaceX, Business, Fortune, Markel Group, Constellation Software, Washington Post, Chancery, University of Virginia, Harvard Locations: Delaware, Texas

☆ Li Keqiang: China’s former Premier dead at 68 according to state media
▼ + stars: | 2023-10-27 | by ( Simone Mccarthy | Steven Jiang | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Former Chinese Premier Li Keqiang, once seen as a reform-minded contender to the country’s top leadership role, died of a sudden heart attack early Friday in Shanghai, state media reported. 2 leader until late last year, served as the country’s premier – traditionally in charge of the economy – for a decade from 2013 to March this year under strongman leader Xi Jinping. Under Hu, Li was named to the party’s top central leadership body the Politburo Standing Committee in 2007. Then 67, Li was one year short of the unofficial retirement age for senior Chinese Communist Party leaders. He was succeeded as premier earlier this year by former Shanghai party chief and Xi loyalist Li Qiang.

Persons: Hong Kong CNN —, Li Keqiang, Li, Xi Jinping, ” Li, “, Xi, Xi’s, Hu Jintao, Hu, nodded, Mao Zedong, China’s princelings, Li Qiang Organizations: Hong Kong CNN, Hong Kong CNN — Former, Peking University, Communist Party’s Youth League, Communist Party Congress, Dongling, Brigade, Communist Youth League Central Committee, Communist Party, party’s, Chinese Communist Party Locations: Hong Kong, Shanghai, United States, China, Liaoning, Henan, Anhui

☆ A Berkeley law professor is telling law firms not to hire his antisemitic students
▼ + stars: | 2023-10-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

A Berkeley law professor wrote in a WSJ op-ed that law firms shouldn't hire his antisemitic students. AdvertisementAdvertisementA law professor from the University of California Berkeley is telling law firms not to hire his antisemitic students. "Legal employers in the recruiting process should do what Winston & Strawn did: treat these law students like the adults they are. If a student endorses hate, dehumanization or anti-Semitism, don't hire him," Solomon wrote in the op-ed, published on Sunday. Solomon is a corporate law professor who specializes in business law as well as law and economics.

Persons: Steven Davidoff Solomon, —, Winston, Strawn, Solomon, Bill Ackman, wouldn't, Israel, Shearman, Sterling, Deringer Organizations: Service, University of California, New York University, Hamas, Harvard University, Harvard Palestine Solidarity Groups, Harvard, Justice, University of Pennsylvania, Columbia University Locations: Berkeley, Israel, Palestine, Palestinian, Gaza

☆ Meta could become even more dominant in social media with Threads
▼ + stars: | 2023-07-07 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

Washington CNN —In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta. By promoting Threads through Instagram, and by sharing Instagram user data with Threads to let people instantly recreate their social networks, Meta has significantly greased the onboarding process. The issue isn’t limited to the realm of social media. Rather than viewing it through the lens of a social media market, one helpful way to look at the issue is from the perspective of the advertising market, he said. That could lead to further antitrust scrutiny for Meta even if the question about competition in social media is ambiguous.

Persons: Elon, Meta, Mark Zuckerberg, ”, Instagram, Musk, ” Reddit, Alexis Ohanian, Ohanian, Agustin Reyna, Reyna, Adam Mosseri, Geoffrey Manne, ” Manne, Zuckerberg, Manne, Jeff Blattner, Mosseri, Charlotte Slaiman, “ Organizations: Washington CNN, Meta, Twitter, EU, Google, Center for Law Locations: Europe, Brussels, Portland , Oregon, Washington

☆ Who does inflation hit hardest? Experts weigh in on how higher prices impact households
▼ + stars: | 2023-06-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Fizkes | Istock | Getty ImagesStubborn inflation has driven households near the breaking point, but the pain of high prices has not been shared equally. The lowest-paid workers spend more of their income on necessities such as food, rent and gas, categories that also experienced higher-than-average inflation spikes. Because higher-income households spend relatively more on services, which notched smaller price increases compared with goods, they came out ahead. Middle-income households see slower wage growthBy other measures, Americans in the middle class are getting especially squeezed. watch nowEconomists' definitions of middle class vary.

Persons: Laurence Kotlikoff, Tomas Philipson, Brian Albrecht, Albrecht, Philipson, Aron Levine, Boston University's Organizations: Istock, Getty, Boston University ., White House Council, Economic, University of Pennsylvania's Wharton, Finance, International Center for Law, Economics, Congressional, Office, Pew Research Center, Bank of America Institute, Bank of, Boston, Consumer Financial, Bureau

☆ Blocking FDA approval of abortion pill could stifle innovation in the biopharma industry, experts say
▼ + stars: | 2023-04-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +6 min

A messy legal fight over the Food and Drug Administration's approval of the abortion pill mifepristone poses risks to the biopharma industry that go beyond the single drug. If a subsequent decision tosses out the pill's approval, it could potentially stifle innovation in the sector and deter investments in the development of life-changing drugs, biopharma companies and experts in law and economics say. More than 200 biopharma companies made a similar claim Monday in an open letter calling for the reversal of Kacsmaryk's decision. But Hastings said biopharma companies still respect the FDA when the agency turns down their drugs. Suliman offered a more hopeful take on how the legal fight could affect biopharma innovation.

☆ Macron bypassed parliament and angered French citizens. Setting the far-right up for a bounce
▼ + stars: | 2023-04-12 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

French President Emmanuel Macron. Shahin Vallée senior research fellow, German Council on Foreign RelationsMacron's popularity rating has worsened in the wake of the pension reforms. The proposed legislation pushes the retirement age up from 62 to 64, and for Macron, and his government, it's a necessity in order to balance the public finances. "Macron is not grooming anyone and that's part of the problem," Vallée said, adding that "Renaissance [party] is a one man party." Macron is serving his second mandate as president and the French constitution prevents him from running again for the job in 2027.

☆ A Colombian judge used ChatGPT to help rule on a case about the medical rights of a child with autism, reports say
▼ + stars: | 2023-02-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A Colombian judge used ChatGPT in ruling on a case about the medical rights of a child with autism. The case was about whether the child's insurance should cover the bills for his medical treatments. Padilla asked the chatbot a series of questions about the case, with court documents containing the questions subsequently published on Blu Radio's website. Padilla used ChatGPT in accordance with Law 2213 of 2022 in Colombia, which says that virtual tools can be used to aid a case on some occasions. The case has divided people across the country over the ethics of using ChatGPT in a legal setting.

☆ Researchers just tested ChatGPT on the same test questions as aspiring doctors – and found the AI was 'comfortably within the passing range'
▼ + stars: | 2023-01-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

ChatGPT appeared capable of passing the US medical licensing examination in a research experiment. ChatGPT showed "moderate accuracy" and was "comfortably within the passing range," per the research. According to a new research experiment, ChatGPT showed "moderate accuracy" and was "comfortably within the passing range" in the exams. "ChatGPT performed at or near the passing threshold for all three exams without any specialized training or reinforcement," the researchers wrote in the paper. Another AI, developed by AI safety and research firm Anthropic, has passed a university-level law and economics exam, according to an academic at Virginia's George Mason University.

☆ An AI rival to ChatGPT passed a university level law and economics exam, and did better than many humans, professor says
▼ + stars: | 2023-01-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

An AI received a marginal pass in a law and economics exam, economics professor Alex Tabarrok said. Tabarrok, a professor at George Mason University, said the AI's answer was "better than many human responses." The AI, known as Claude, was built by Anthropic, a company part-funded by Sam Bankman-Fried. Tabarrok said the exam was graded blind and that he considered Claude "a competitor" and "improvement" to OpenAI's GPT3, the tech underlying viral sensation ChatGPT. There has been an explosion of interest in AI capabilities since the launch of OpenAI's chatbot ChatGPT in November.

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