Word: lawyered
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This is, after all, what Congress decreed in 1980 for producers of actual toxic waste. Under the Superfund law enacted that year, polluters pay for the messes they make. Environmental lawyer E. Michael Thomas sees no reason lawmakers couldn't demand the same of financial polluters and force them to ante up some of the bank-bailout money. "This is a directly parallel policy judgment," he says. "It's beautiful in its simplicity, and it's also beautiful in its justice...
...word for it is clawback, and it's not forthcoming, at least not anytime soon. "I'm just a plain old country lawyer, and I haven't heard from anybody who counts," says Thomas, a veteran of the Environmental Protection Agency and a couple of big law firms who is now a solo practitioner in suburban Boston--and whose letters to Capitol Hill have so far gone unanswered. Also, clawing back money from individual employees, as Thomas proposes, is a far more fraught and complex endeavor than hitting up corporations, as Superfund does...
...decriminalize drug use. Outlawed drugs cannot be regulated, and profits go directly to the enemies of society. Illicit users find it harder to seek treatment, for fear of prosecution, and are at greater risk of losing legitimate sources of income, leading to increased criminality in society. Glenn Lawyer, LUXEMBOURG
...Kagan poached top faculty like super-star legal scholar Cass R. Sunstein ’75 and Lawrence Lessig. She encouraged intellectual diversity among the faculty, notably hiring Jack L. Goldsmith, a conservative lawyer from the Bush White House, whose office stirred controversy for supporting the use of torture by the government. [CORRECTION APPENDED...
...employees in 1967. In the following years he transformed it into a vast corporate empire of 120 companies that generate revenue of some €30 billion, employ around 100,000 people and range in concerns from generic-drug maker Ratiopharm to Germany's biggest cement maker, HeidelbergCement. An unassuming lawyer, he was Germany's fifth richest individual and 94th on Forbes' list of the world's richest people, with a net worth estimated at nearly €7 billion ($9.2 billion...