SCOTUS to SEC on PCAOB: “Fire at will!”

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With today’s SCOTUS decision in Free Enterprise Fund v. PCAOB, the Public Accounting Oversight Board (“PCAOB”) survives but with less swagger and self-importance than before.  This decision holding unconstitutional the “dual for-cause limitation” on the President’s ability to fire PCAOB members leaves the PCAOB’s form intact but downgrades its political independence.

Utterly Ridiculous: Coast Guard Stops Oil-Sucking Barges for Life Vests

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You can tell governance in the United States is upside-down when a mere Lt. Commander in the U.S. Coast Guard can force a state’s governor — in this case Louisiana Governor Bobby Jindal — to stand down barges saving the state’s coast line from an oil spill.  Not to mention that the spill itself is […]

Speech Ban Banned: High Court Nixes McCain-Feingold Limits on Political Speech

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In a huge victory for 1st Amendment rights, one day after Vietnamese communists sentenced five political dissidents to 16 years in prison, the United States Supreme Court has overturned a decades-old U.S.-government ban on political speech by corporations.