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Closing Arguments Set for Terror Trial (AP)







Closing Arguments Set for Terror Trial
(AP)

Closing Arguments Set for Terror Trial
(AP)
12/29/2004 10:11 AM

AP - After nearly six months of testimony, closing arguments were set to begin Wednesday in the trial of civil rights lawyer Lynne Stewart and her two co-defendants, all of whom were members of a legal team that represented imprisoned Egyptian Sheik Omar Abdel-Rahman in the 1990s.




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Closing Arguments Set for Terror Trial (AP)

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Tripping on their own feeble arguments 02/01/2005 09:42 PM
The Social Security debate continues to be infuriating. Pardon me while I release some smoke from the top of my pate.

There are a number of strange arguments floating around out there as part of the desperate effort to try to get the American people to buy President Bush's Social Security pig-in-a-fiscal-poke. Something happens when you put these arguments side by side: They undermine one another.

Consider, if you will, this comment from someone named Craig on my most recent Social Security post. As far as I can tell, Craig has cut-and-pasted big chunks of long quotes from two different Washington Times columns into his comment, one by Thomas Sowell and another by John Palffy. (I'll write off the failure to attribute these quotes to oversight since the commenter does say "Please read the following info.")

Sowell argues that the Social Security Trust Fund is a mere "legal and accounting fiction" because one arm of the government is putting its excess cash into the hands of another, in the form of the IOUs known as Treasury bonds. As I and others keep noting, the idea that Treasury bonds are mere fictions is one that would be news to the vast number of institutions and individuals around the world who consider them the bluest of blue chip investments. What this argument really says is that the government doesn't have to make good on those bonds -- they're just a "fiction" -- when they're purchased with our Social Security taxes, set aside to handle the future shortfalls of the system, and held in trust for the retirements of America's working people. The U.S. government would never default on the bonds purchased by another country's central bank -- but hey, if the American people put their retirement money in such a form, the government is sure to renege on the debt. We're so sure it's going to renege that we're getting ready to ditch the most successful and beloved U.S. government program in history.

Why will the government default? Apparently, we're to believe, because it can. "Liberals are desperate to keep Social Security as it is, because that would mean they can continue spending your money as they see fit," Sowell writes. Funny, though; the money was fine until Bush's conservatives started cutting taxes four years ago. "Our money" was frittered away not by "liberals" but by the current administration -- on dividend tax cuts, estate tax cuts, wars of choice and other elective policies. Those policies could be reversed as easily, maybe more easily, than privatizing Social Security.

But this all gets more interesting in the second half of Craig's post, where he moves from Sowell's argument to Palffy's. Palffy wants us to put aside the silly notion that privatization means our retirement funds will be at risk. How foolish to imagine that there is any reason to worry about placing Social Security money in private markets rather than in the government's hands! But since the pesky AARP is stirring up those excitable seniors again, Palffy has a plan to soothe our graying hairs: Why, we can require that all those private (excuse me, "personal") accounts invest their money in one safe place. That ultra-reliable investment? Inflation-protected Treasury bonds!

So much for the idea that private accounts restore free-market choice. Under this plan, Social Security pretty much remains exactly the same, except that there are little chunks of money in Treasury bonds that have our names on them instead of one big chunk of bonds with Social Security's name on it. The government is still holding all that money for us, and if we're to believe Sowell and his ilk, the government can't resist getting its greedy Big Government paws on any money in sight, so there's just as much reason under the new plan as under the existing one to expect the perfidious liberals in Congress (despite their minority status!) to default on its obligations.

This round-trip doesn't get us very far at all, does it? The spinning is desperate, contradictory, ultimately inane. That's what happens when your stated plans of "reform" don't match your actual goal (eliminating Social Security). Or maybe the Washington Times' columnists, and their advocates among the population of blog commenters, need new marching orders from the White House: They did such a good job on the "private/personal" switcheroo.

In the end, there's one thing I can agree with the conservatives on: Social Security is only as safe as the lawmakers in Washington allow it to be. Sowell & co. say we must fear because we can't trust the government to keep Social Security afloat. But the government he is telling us will betray Social Security isn't in the hands of the "liberals" upon whom his finger points. It is the Bush administration that has endangered Social Security, and it is the Bush administration that now wishes to end Social Security as we know it. It may get its way. But let's make sure the American people understand who's responsible for the ensuing debacle.

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is secret .. reports .. CNN

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Scorching critique of some arguments for
copyright


Scorching critique of some arguments for
copyright
05/25/2004 10:22 AM
Mark Lemley, a UC Berkeley law prof, has just published a paper on copyright called "Ex Ante Versus Ex Post Justifications for Intellectual Property," that's a good, fast read. Lemley says that in copyright's early days, the justificaiton for the auhtor's monopoly was to give authors the incentive to crete new works, but that today, we have the "ex ante" arguments that copyright also gives authors the incentive to exploit their creations -- to make more of them once they are created -- and to "steward" them by ensuring that only good, quality derivative works enter the market.

Without saying much about the idea that copyright can be a good incentive to create, Lemley tears these other arguments for copyright to shreds, in a highly entertaining fashion:

The argument that a single company is better positioned than the market to make efficient use of an idea should strike us as jarringly counterintuitive in a market economy. Our normal supposition is that the invisible hand of the market will work by permitting different companies to compete with each other. It is competition, not the skill or incentives of any given firm, that drives the market to efficiency. Nothing about the fact that a work was once subject to copyright or patent protection should change our intuition here. It is hard to imagine Senators, lobbyists, and scholars arguing with a straight face that the government should grant one company the perpetual right to control the sale of all paper clips in the country, on the theory that otherwise no one will have an incentive to make and distribute paper clips.24 We know from long experience that companies will make and distribute paper clips if they can sell them for more than it costs to supply them. The market for paper clips functions just fine without this type of government intervention. We can also predict with some confidence that if we did grant one company the exclusive right to make paper clips, the likely result would be an increase in the price and a decrease in the supply of paper clips. Yet supporters of the CTEA confidently predict exactly the opposite in the case of copyrighted works from the 1920s.
164k PDF Link (via Freedom to Tinker)

Judge hears Novell-SCO arguments


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FDA to Hear Arguments Over Breast
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FDA to Hear Arguments Over Breast
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04/12/2005 02:31 AM
AP - Newer generations of silicone-gel breast implants are less prone to break and leak than earlier versions, argue two companies seeking an end to the nation's 13-year near-ban on the devices.

Arguments due in MS antitrust settlement
appeal


Arguments due in MS antitrust settlement
appeal
11/04/2003 01:23 PM
A Washington, D.C. appeals court is set to hear oral arguments Tuesday over whether the U.S. government's antitrust settlement with Microsoft Corp. was adequate. Microsoft is returning to the U.S. Court of Appeals for the District of Columbia, where it has already won a smattering of favorable rulings in the U.S. government's case against it, to defend itself against an appeal of the settlement by the state of Massachusetts.

Leader: Non-moralistic arguments on Big
Brother


Leader: Non-moralistic arguments on Big
Brother
04/19/2004 03:16 PM
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Closing Arguments Set for Terror Trial (AP)

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