Texas Tort Reform May 31, 2001 By George Jarkesy, NEAA Chairman Being a Texan, I was naturally very excited to hear that the Texas Legislature had passed the 2011 Omnibus Tort Reform Bill (HB 274) that gives Judges a quick remedy to dismiss lawsuits “that have no basis in law or fact.” While the law that was finally passed by the entire legislature did not quite have the firepower of the initial proposal, I ...

Posted by George R. Jarkesy Last week the Swiss Government Cabinet recommended “not replacing” their five nuclear power plants when they reach the “end of their life”. These plants range in age from 27 years to 42 years. Assuming a lifetime of fifty years, the Government said the oldest would go off line in 2019 and the last in 2034. The decision followed a directive to suspend new operations and review all ...

Posted By Mike Norman When discussing fiscal matters it's all about revenue and spending. Most people are against tax increases. Why? Simple, because tax increases take money away from you. Spending cuts, on the other hand, are generally viewed in a more constructive light. Yet the funny thing is, spending cuts do exactly the same thing as tax increases: they take money away from people. So why do people lo ...

Posted by Clay Mahaffey A recent article in the Financial Analysts Journal “The Possible Misdiagnosis of a Crisis” by Richard Roll (March/April 2011, www.cfapubs.org) challenges the Government view of the cause of the housing bubble crisis and the attempted cure. The heretofore generally accepted causes included: subprime mortgage meltdown, excess leverage, lack of Government over sight, excess use of deriv ...