Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Law

  1. New York Business Is Threatened By The Worst Law Of The Decade

    On Sep­tem­ber 1st a new power of attor­ney law became effec­tive in New York State and I think it may win the prize for “The Worst Law of the Decade”. With­out mean­ing to effect com­mer­cial trans­ac­tions, sev­eral months ago this eso­teric and extremely tech­ni­cal law was amended by the leg­is­la­ture and signed by the Gov­er­nor. While New York law­mak­ers had good inten­tions, they wanted to pro­tect senior cit­i­zens from being abused in con­nec­tion with the grant­ing of pow­ers of attor­ney, the actual law goes far beyond what was intended and is a dis­as­ter. Because of a series of draft­ing errors and omis­sions, the law inad­ver­tently expands the new power of attor­ney rules to include rou­tine com­mer­cial and busi­ness trans­ac­tions. Accord­ing to the TriBar Opin­ion Com­mit­tee (a well respected non-partisan legal panel) the new power of attor­ney law threat­ens to bring New York com­merce and bank­ing to a halt. [read full story]

    Posted in: Law, Politics, Power of Attorney Law, Public Policy
  2. Regulatory Reform: Change We Can Believe In – A Guest Blog by Tom Berner

    With the focus in Wash­ing­ton on bank bailouts and stim­u­lus pack­ages, we have yet to hear about any seri­ous pro­pos­als for new reg­u­la­tions. Nev­er­the­less, they will come, and any­one who thinks that a Pres­i­dent McCain would have treated Wall Street any less harshly than Pres­i­dent Obama must have been asleep dur­ing the Pres­i­den­tial cam­paign. Indeed, […] [read full story]

    Posted in: economy, Finance, Law, Politics, Public Policy, REGULATION, Regulatory Reform, Tom Berner
  3. Ten reasons why I am glad to be doing business in America

    I am glad to be doing busi­ness in the U.S. and I think that the U.S. is going to emerge from the cur­rent cri­sis stronger and more dom­i­nant than ever before. David Leon­hardt wrote today in the New York Times that the U.S. is “a power that may not stay so super”. I dis­agree. A […] [read full story]

    Posted in: Business Environment, Confidence, David Leonhardt, economy, Finance, Law, New York Times, UNITED STATES