Sarbanes-Oxley in Court, Swine Flu Peaks and Trade Deficits in Perspective
The U.S. Supreme Court hears arguments challenging the legitimacy of the Sarbanes-Oxley corporate accounting law.
Swine flu infections have peaked and are declining, according to the Centers for Disease Control
The U.S. trade deficit increases by the most since 1999.
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1. LEGAL
The U.S. Supreme Court hears arguments challenging the legitimacy of the Sarbanes-Oxley corporate accounting law.
CEI Expert Available to Comment: Director of the Center for Investors and Entrepreneurs John Berlau on the effects of “Sarbox”:
“Substantial evidence shows that the law, which was intended to protect investors from corporate abuses, is hindering honest firms’ ability to raise capital and the average investor’s capacity to grow wealth. Enacted after major corporate scandals, the law increases penalties for fraud, but it also contains many mandates that unduly restrict legitimate entrepreneurs.”
2. HEALTH
Swine flu infections have peaked and are declining, according to the Centers for Disease Control.
CEI Expert Available to Comment: Adjunct Fellow Michael Fumento on the pandemic that never happened:
“The World Health Organization has been dishonest about swine flu from the very beginning. It’s used its phony pandemic to cover up its five-year scare-fest over an avian flu pandemic that never came, to feed at the trough of greater power and a fatter budget, and even to call for redistribution of international wealth on the basis of values ‘like community, solidarity, equity and social justice,’ in the words of its director.”
3. ECONOMY
The U.S. trade deficit increases by the most since 1999.
CEI Expert Available to Comment: Journalism Fellow Ryan Young on trade deficits in everyday life:
“I run an ongoing trade deficit with my local grocery store. I import food from them every week. They have never purchased a thing from me in return. Even so, we both benefit. I’d rather have their food than my money, and they’d rather have my money than the food on their shelves. This is true even if an international border separates us.
If [New York Daily News columnist Errol] Louis is as worried about trade deficits as he says he is, he would never again set foot in a grocery store, start growing his own food, and engage only in barter transactions. If he doesn’t, he is either misinformed, or else he doesn’t really believe what he writes.”
Listen to LibertyWeek, the CEI podcast, here.