Recently in U.S. Supreme Court Category

The Supreme Court is a key reason that a Republican president is flatly unacceptable

October 28, 2011,


As The New York Times says:

If Senator John Kerry had won the 2004 election, Chief Justice Roberts and Justice Samuel Alito Jr., conservatives who have led the court to the right, would not be on the court. And last year's devastating 5-to-4 ruling in the Citizens United case would likely not have happened.

The case came to the Supreme Court as a limited question about interpreting a federal campaign-finance statute. In an aggressive act of judicial activism, the conservative majority made the case a constitutional matter and the signature of the Roberts court. Sweeping aside established precedents that had not been challenged and inserting itself into politics, the conservative majority unleashed unlimited corporate and other money into American politics and gave the Republican Party a large advantage in fund-raising.

Valuing a business without value

August 5, 2010,

In this interesting post, M. Jonathan Hayes addresses the problem of valuing businesses that really have no value.

I am listing the assets on schedule B at a value of zero but the exmeptions on schedule C as the full amount of the wildcard, roughly $23,000. So schedule C says, "Asset - interest in partnership - value zero. Amount claimed exempt - $23,000." I expect to get some guff from the trustee who will say there must be some value if we are exempting it and if no value, the exemption should be zero. I will point to Schwab and I am sure I am right.

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