October 2012 archive

Cities that Purchase Lots of Sweatpants: More “Comfortable”—or just Colder and Younger?

Experian Marketing Services recently identified the top 20 supposedly most “comfortable” cities in the United States.  Experian based their list on a survey in which respondents reported whether they purchased any sweatpants in the last 12 months.  Using sweatpants customers per capita, the most “comfortable” cities are as follows: Philadelphia, PA Hartford, CT Pittsburgh, PA …

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Ghoulishly Good News for the Halloween Economy

Halloween is right around the corner and people all across the country are preparing for the spooky fun. Over the years, Halloween has gained special prominence in the United States. Lavish spectacles abound, such as the West Hollywood Halloween Costume Carnival, which attracts more than 500,000 people. Whether you’re buying costumes for yourself, your children or …

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Second Circuit reduces punitive damages in a Police Brutality case

On October 3, 2012, in Payne vs. Jones, the Second Circuit concluded that a $300,000 punitive damage award was excessive, and remanded for a new trial on punitive damages unless the Plaintiff agrees to accept a reduced award of $100,000. The compensatory damages, which remained intact, totaled $60,000, indicating a five to one ratio before …

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First payout of SEC whistleblower program also provides volume of complaints received

The SEC announced its first payout from its new whistleblower program under the Dodd-Frank Act to an unidentified person who helped stop a multi-million dollar financial fraud. The reward was $50,000, representing 30% of the amount collected in the SEC enforcement action. 30% is the maximum percentage payout allowed by the 2010 Dodd-Frank Act that …

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Investing in College: A Lesson in Evaluating Investment Returns

The common practice of investing in a university education to receive lifelong returns of larger salaries deserves additional scrutiny in the current environment of rising tuition, ballooning student-debt, and high unemployment among college grads. Smart Money attempted to provide guidance, but botched the return on investment calculation. The publication recently scored the country’s 50 most expensive universities …

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China “Dumps” on the US

On Wednesday, October 10, 2012, the US Commerce Department came to a final ruling on a trade dispute with China, wherein certain Chinese manufacturers of solar panels and cells were accused of “dumping” their goods on the United States. In response, tariffs were imposed on imports from companies such as Suntech and Trina Solar, ranging …

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Posner Opinion Provides Worthwhile Damage Guidance

In re: Apple vs. Motorola, the parties sued each other for patent infringement involving smartphones. Seventh Circuit Judge Richard Posner, sitting by designation, threw out all damage witnesses for both parties on Daubert motions. Then, since both parties lacked damages testimony, he dismissed both cases with prejudice. Interestingly, Judge Posner did not allow either party …

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Earn Great Returns Betting on Presidential Debates

How much did Mitt Romney gain from the debate on Wednesday? The media consensus appears to be that he was the winner. How much could you have gained by betting on the debate? 100 Romney shares purchased on Intrade at close on the 3rd could have been sold at a gain of $75 at close on …

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A Great Game Needs Great Referees

After what will no doubt go down as one of the most embarrassing end-of-game plays in any sport, the NFL quickly reached an agreement with its referees on a new contract and ended the lockout.  In the process of doing so it was no doubt reminded of the rule that is the title of this piece.  Whatever …

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