Thursday, August 27, 2015

Do Supreme Court Decisions Move Markets?

Stock traders might want to start paying a bit more attention to the Supreme Court.

That's according to one research report published this week that says Supreme Court decisions moved the market value of publicly traded companies by a net $140 billion between 1999 and 2014.

But unlike economic data or other typical market-moving news, there is often an hours-long time lag in trading around Supreme Court decisions. The implication, according to the report, is that there might be arbitrage opportunities for savvy traders willing to sift through complex legal rulings.

"This is not a market that's particularly well understood, so it's taking a lot longer for traders to sort it out," said Daniel Katz, an associate professor at IIT Chicago-Kent College of Law, who was a lead author on the report, which was produced by a four-person team including another law professor and a legal analytics consultant.



http://blogs.wsj.com/law/2015/08/26/do-supreme-court-decisions-move-markets/?mod=WSJBlog


Killer facts: The scale of the global arms trade

  • A definitive figure for the value of international conventional arms transfers is difficult to calculate with precision. In 2010, the total value, as recorded in national statistics, was approximately US $72 billion. Since then, it is estimated that it the arms trade has been approaching US $100 billion annually. [Source: Solutions, "The Arms Trade Treaty: Building a Path to Disarmament", 2013
  • The annual authorized trade in small arms and light weapons exceeds US $8.5 billion. More than 1,000 companies from nearly 100 countries produce small arms and light weapons. [Source: Small Arms Survey]

http://blog.amnestyusa.org/justice/killer-facts-the-scale-of-the-global-arms-trade/


Monday, August 24, 2015

Chelsea Manning: “Why Speaking Out Is Worth the Risk”

Chelsea Manning is serving a 35-year prison sentence for leaking classified US government documents to the website WikiLeaks. From her prison cell in Kansas, Chelsea tells us why speaking out against injustice can be a once-in-a-lifetime opportunity.
Why did you decide to leak documents about the wars in Iraq and Afghanistan?
These documents were important because they relate to two connected counter-insurgency conflicts in real-time from the ground. Humanity has never had this complete and detailed a record of what modern warfare actually looks like. Once you realize that the co-ordinates represent a real place where people live; that the dates happened in our recent history; that the numbers are actually human lives – with all the love, hope, dreams, hatred, fear, and nightmares that come with them – then it's difficult to ever forget how important these documents are.

Chelsea Manning: "Why Speaking Out Is Worth the Risk"
http://blog.amnestyusa.org/us/chelsea-manning-why-speaking-out-is-worth-the-risk-2/


Wednesday, August 5, 2015

New Law School Courses Explore Nietzsche, Guns and Bible

A trip to a shooting range, a deep dive into Nietzsche and an exploration into what's ailing American cities. These are among the adventures that law school students can look forward to this fall.

The law school curricula is always evolving. There will always be courses on torts, property, civil procedure and other core subjects. But other offerings reflect the passions and problems of the day. Law Blog takes a look at some of the more unorthodox ones on the schedule this coming academic year.

• New York University's Barry Friedman is teaching a new course called "Democratic Policing" that looks at the "deep difficulties with policing in the United States" and the "failure of democratic processes and accountability."

Click to read