On September 28, 2010, Professor Steven Heyman, Attorney Mazen Asbahi and Professor Sheldon Nahmod participated in a panel discussion at Chicago-Kent College of Law on the “Ground Zero Mosque”–the proposed Islamic cultural center–in Manhattan.
It was sponsored by Kent’s Society of Law Students for Secularism (which organized the event) and co-sponsored by the Muslim Law Students Association, the National Lawyers Guild and the Institute for Law and Humanities.
Professor Nahmod spoke about the Religion Clauses and federal statutory law, Professor Heyman addressed the nature of the political discourse and Mr. Asbahi discussed the topic from an American Muslim perspective.
When the Bush tax cuts expire at the end of this year, the result will effectively be a tax hike on many Americans. Congress is now left with the decision of whether to extend the tax cuts and thereby determine who amongst us are the rich members of society and, therefore, not worthy of being absolved from the tax hike. Of course, since this is a slightly political issue, it is being left until after the midterm elections.
But it does raise an important question. How much income must be earned each year to be considered rich? Even more importantly, especially for young professionals saddled with student loan debt, should debt load be considered as a mitigating factor in determining a taxpayer’s tax bracket? Or should Congress reform the tax code to make it “simpler” and more straightforward in an effort to capture more tax and eliminate clever methods of tax avoidance? Read more…
The Senate confirmed Elena Kagan to become the fourth woman ever to sit on the Supreme Court bench and marks the first time there have been three female Supreme Court justices at one time. 63 yea, 37 nay.
For more information, click here.
The Supreme Court of the United States ruled that the NFL is not a single entity for any matters. Despite the fact that the NFL is one of the more centralist leagues, in that it attempts to share profits and package rights more so than other leagues, the Court has decided that no league consisting of separately owned teams is a single entity. That baseball is allowed antitrust freedom is an aberration and is limited to baseball. See the opinion here.
The NFL and other leagues are allowed to package their TV rights and sell them off as one entity because of the Sports Broadcasting Act. This act of Congress allows the leagues to avoid antitrust liability for the limited purpose of selling TV rights. MLB is allowed to conspire and act as a single entity even though it clearly is not. The MLB does not even need to pretend to be a single entity because of its broad antitrust immunity. The Court has always been reluctant to expand antitrust immunity to other leagues or to even expand the MLB’s immunity, leaving it up to Congress to repeal or expand immunity. However, since the NFL teams had begun to work together and act as one entity, it appeared that the Court would have valid legal grounds to justify a holding that the NFL is a single entity. Read more…
- Len Bias went to the University of Maryland where he was quickly regarded as a “can’t miss prospect” and one of the best players in college basketball.
- The day after Bias was drafted, he signed a shoe contract with Reebok and went back to the University of Maryland to celebrate with his friends and later died.
- Congress enacted the Anti-Drug Abuse Act of 1986 known as the “Len Bias Law,” which enacted mandatory sentences for several drugs, which many have found to be unfair.
This article is by Danny Berliant, a 2L from Chicago-Kent.
ESPN recently aired an episode of its new series, 30 for 30, entitled “Without Bias.” The episode was directed by Kirk Fraser. “Without Bias” is the story of the rise and shocking, sudden fall of a “can’t miss” basketball prospect, Len Bias. While I knew what happened to Bias, I did not realize how many aspects of society that Bias’ story affected, and I decided to look further into his story… Read more…
In a hilarious story, the Naperville Sun reports that a University of Illinois at Chicago (UIC) law student pretended to be an attorney representing his friend who had just been arrested for drunk driving. Just to clarify, UIC does not have a law school; however, the story goes on to state that the suspect was the co-vice president of UIC’s Pre-Law Society, a student run group for aspiring law students. See the story for the details.
It is a misdemeanor to pretend to be a licensed attorney. Apparently, this student went as far as saying he had his own family law practice and the driver was one of his clients. I don’t know of many attorneys that would let a drunk client drive them around Aurora at 1 a.m. on a Sunday morning. I wonder how the character and fitness committee will treat this.
As the fallout continues from the 2008 sub-prime mortgage meltdown, a stronger, more aggressive SEC is rearing its head. This time, the Division of Enforcement is going after Goldman Sachs. The SEC release says that Goldman Sachs created a financial product that hinged on the performance of residential sub-prime loans. These are the infamous mortgage backed securities that have wreaked havoc on the world economy for the past year or so. Specifically, Goldman failed to tell investors that a major hedge fund had played a role in selecting the debt that was to be packaged in this specific line of CDOs and that the hedge fund held a short position against the CDO.
“The product was new and complex but the deception and conflicts are old and simple,” said Robert Khuzami, Director of the Division of Enforcement. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party.”
Expect to see more of these actions over time. For more information, see the SEC release here.