When all its candidates for statewide office lost in last fall's election, most by large margins, it was easy to presume that the California Republican Party was left with no "bench," no corps of promising potential future candidates from which to draw in future votes. But the conventional wisdom may be wrong on this count, as it often is. For California's political system is in for a major shakeup in the next two years. That's partly because the new congressional and legislative district lines to be drawn by a citizens commission are likely to throw many current officeholders into new and competitive districts, often with two or three incumbents forced to compete against each other.
Who rules the "tea party"? Is it Sarah Palin and her lunchpail brand of God, guns and the Constitution? Is it Dick Armey, the former House majority leader who danced to his own tune and was the mastermind behind the GOP's Contract with America? Or is the tea party led by a few private megafunders - a George Soros clan of the conservative movement? One thing is certain, liberals have no idea who their opponent is, and they and the mainstream media are desperate to find out.
Economies that rank high on the strength of investor protection index have extensive disclosure requirements and give shareholders broad access to information both before and during trials to determine director liability. New Zealand and Singapore, which top the rankings on the index with 29 and 28 of 30 possible points, both require immediate disclosure of a related-party transaction and of the conflict of interest (table 7.1). They require prior approval of the transaction by the other shareholders. They enable the shareholders to hold the directors liable and to have the transaction voided if it damages the company. And in New Zealand shareholders can inspect all internal documents before deciding whether to sue. Twelve economies strengthened investor protections in 2007/08 (table 7....
... its State Securities Commission adopted new rules regulating related-party transactions. The new law...
State law did not absolutely prohibit a party in a business dispute from deposing the opposing party's former trial lawyer, the Nevada Supreme Court has ruled. The plaintiff and the defendant entered into a real estate development project. When a multimillion loan for the project went into default, the plaintiff retained an attorney to investigate whether legal action was in order. The attorney concluded that there were grounds for a lawsuit and represented the plaintiff in a state action against the defendant. The lawsuit alleged that the defendant, as the lender, had failed to ensure that certain pre- funding conditions were satisfied before advancing money on the loan.
WASHINGTON, Nov. 17, 2011 /PRNewswire-USNewswire/ -- Senate Rules Committee staff on Thursday removed microphones and locked the doors of a hearing room in the Russell Senate Office Building where an informal hearing was scheduled to review the findings of the Tea Party Debt Commission, a months-long crowd-sourced effort to develop a budget proposal that balances the budget, reduces the debt and gets America's fiscal house back in order. The Senate hasn't been able to pass a budget resolution three years running. They have been unable to do their job, and now the Rules Committee is trying to prevent the American people from doing it for them," said Matt Kibbe, president of FreedomWorks.
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