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Forum: Presidential Debates and Deliberative Democracy

the pressure of events, he might be unable to shoulder the problems and burdens of the world. (If only those burdens could be lifted by a little

Five to Four: Why Do Bare Majorities Rule on Courts?

through Arrow’s paradox). If this is so, then maybe it is also true of appellate courts using MD (unless there is something about courts that keeps

Forum: Defusing a Google Bomb

say that a solution that blindly requires removal of all portions of an often-offensive site from search engine indexes goes too far. If message board

Governance Reform and the Judicial Role in Municipal Bankruptcy

If the conventional wisdom is correct, Chapter 9 cannot meaningfully reduce the risk of recidivism for a financially distressed municipality. The debt

Forum: Pandemic Hope for Chapter 11 Financing

overstate the impediments. Even if courts continue on their current track, the number of competing DIP financing offers seems likely to increase. Although

Forum: Can New York Publish President Trump’s State Tax Returns?

direct state tax authorities to release returns filed by the President and statewide elected officials. If the bill becomes state law, it will do

The Uneasy Case for Favoring Long-Term Shareholders

even if they are not completely faithful agents of the firm’s shareholders. How managers respond to this incentive will depend, in part, on shareholders

Forum: The Estate Tax Fundamentals of Celebrity and Control

suggested in this Journal that post-death publicity rights could be excluded from the decedent’s estate for tax purposes if state legislation

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Forum: Federalism and the End of Obamacare

to the bottom. When it comes to health reform, a race to the bottom might develop if a state’s adoption of a coverage expansion led sick people to