Krauthammer on the Court: "Have that independence and supremacy been abused? Grossly. What other advanced democracy would radically legalize abortion by judicial decree rather than by democratic will expressed through legislatures or referendums? What sane democracy allows four unelected robed eminences in Massachusetts to revolutionize the very definition of marriage, the most ancient institution in society?
This is not just deeply undemocratic. It is politically crazy. Democracies work as stable social entities because when people are allowed to settle issues themselves by debate and ballot, they are infinitely more likely to accept the results when they lose. To deny them that participation is to risk instability and threaten social peace." Read entire.
Adscam etc.: Good update on Canadian politics and the effect of adscam.
Who in Congress Takes the most Junkets? Not Delay.
Brawl at NYSE: The playground brawl among the boys from downtown continues at NYSE as lawsuits are filed over the proposed merger with Archipelago Holdings. It looks like John Thain and Goldman Sachs are in bed together again.
NYT: "In a suit filed in New York Supreme Court in Manhattan, William Higgins, a longtime owner of a seat on the exchange, argued that the terms of the proposed merger - which would grant members 70 percent of the merged company plus about $300,000 a seat - grossly undervalued the exchange. Among the employees who would share in the 5 percent is John A. Thain, the chief executive of the exchange. Goldman Sachs would own more than 5 percent of the shares, according to the terms of the proposed deal. The lawsuit noted that Mr. Thain was president of Goldman Sachs until he became chief of the exchange last year." Entire: Click here: A Big Board Member Sues to Stop Archipelago Merger - New York Times
