It is true that we are fed, on an almost daily basis, with the idea of an India that is fast emerging as an economic powerhouse. No less a person than the President of the United States, on his recent visit to India, had remarked, in his address to the India Parliament that “India is not simply emerging. India,” he said, “has already emerged.” This statement was greeted with enthusiasm and self-congratulation in wide sections of the media and by the public. One may not have to look very far to see what inspired the U.S. President to say these words: a clutch of high-profile, high-value acquisitions of foreign firms by Indian companies, with just the top ten high value acquisitions so far being worth around USD 21.5 billion which is more than double the amount involved in the acquisitions of Indian companies by American companies; foreign direct investment in India, till November 2010, totaling to USD 140 billion; and an average quarterly … [Read more...] about The Rule of Law and Human Rights in India
Daunting water challenges across industries
All eyes on the Clean Power Plan: EPA Administrator Gina McCarthy was on hand to defend the agency’s controversial Clean Power Plan. She remained upbeat on its prospects, coloring it as a way for states “to create their own path going forward.” Many are not sold on its ambitious target of a national 30% reduction in carbon emissions by 2030. Americans for Prosperity’s Tim Phillips estimates the plan will cause 240,000 job losses. … [Read more...] about ECO:nomics 2015 – Top 10 Takeaways
There seem to be four options for Congress to address the fiscal cliff: 1) Congress can “do nothing” on sequestration and the expiring tax cuts and simply leave this issue for the new 113th Congress next year, although this is really the worst case scenario and could cause deep pain to the economy; 2) A three or six month “agreement to delay” sequestration and extend tax cuts, although this does nothing to resolve the fiscal challenges and will only allow more time for the problems to grow (tax writing committee members also are horrified at the prospect of any extension of tax cuts less than a year); 3) a “grand bargain” along the line of Simpson-Bowles or the President’s $4 trillion proposal (simply too heavy a lift and is unlikely to happen this year); and 4) an agreement for a one-year “down payment” that is achieved by agreeing on a patchwork of cuts, savings, and revenues that would allow Congress to regroup next year for a … [Read more...] about Despite Democratic Wins, Capitol Hill Status Quo Remains
The British may have been realists about air war, but Americans still hoped to head off the nightmare. The American tool of choice was international law. (Some things never change.) When war broke out on Sept. 1, 1939, President Franklin D. Roosevelt sent a cable to all the combatants seeking express limits on the use of airpower and expressing his view that “ruthless bombing from the air of civilians in unfortified centers of population … has sickened the hearts of every civilized man and woman, and has profoundly shocked the conscience of humanity. … I am therefore addressing this urgent appeal to every government which may be engaged in hostilities publicly to affirm its determination that its armed forces shall in no event, and under no circumstances, undertake the bombardment from the air of civilian populations or of unfortified cities.” … [Read more...] about What Is the Role of Lawyers in Cyberwarfare?
Trial lawyer money has its own storied history in politics. During the so called second wave of tobacco litigation, which began in the 1980s, corporate defendants shuddered at actually seeing and hearing what they knew to be true. There was famed Houston trial lawyer Joe Jamail on CBS’ 60 Minutes in 1987 bragging about the hundreds of thousands of dollars he had given Supreme Court of Texas candidates over the years. He had recently seen his $10.5 billion verdict for Pennzoil against Texaco upheld by the high court, without even a hearing. … [Read more...] about New Name, New Strategies