Last month, Wisconsin governor Scott Walker signed into law a bill approving up to $3 billion in subsidies and tax breaks for Taiwanese tech giant Foxconn, in return for the company’s promise to build a manufacturing facility in the state.1 Under the agreement, Foxconn would invest $10 billion to construct a facility over six years,…
Category: Blog Articles
The Impact of the Grubhub Lawsuit
Grubhub is an online platform that allows users to coordinate pick-up and delivery orders from restaurants. For restaurants that don’t have their own delivery drivers, Grubhub provides its own service to pick up orders from them and make the delivery to its customers. For employment purposes, Grubhub drivers are classified as independent contractors. In 2015,…
The Failed Merger Between FanDuel and DraftKings
The professional sports industry has proven to be a hotbed of innovation for companies seeking to capitalize on its immense fan base. One of the most rapidly developing platforms in this space has been daily fantasy sports (“DFS”). Unlike traditional fantasy sports, where “leagues” comprised of typically a dozen members compete throughout an entire sports…
Why does the U.S. Continue to Engage in ‘Zeroing’?
As recently as October of 2016, China prevailed on the majority of a WTO complaint against certain U.S. methods of determining anti-dumping (“AD”) duties on Chinese products.1 The Panel held that U.S. practices of determining dumping margins in certain cases of “targeted dumping” were faulty because the U.S. Department of Commerce (“DOC”) had engaged in…
China’s Dilemma: Anti-Dumping Investigations
The World Trade Organization’s (WTO) anti-dumping (AD) investigation process is highly discretionary because the complainant has enormous latitude in selecting a country that possibly produces relatively expensive like products in determining the normal value of a product. China has brought many complaints against the U.S. for using questionable tactics in establishing dumping margins within proceedings,…
No-Fault’s Future in Michigan
In the state of Michigan, it is not clear that no-fault insurance has much longer to live. The state has the highest rates for automobile insurance in the country.1 For many, this high cost makes it difficult to afford a car; this cost imposition has led to a high number of uninsured vehicles in the…
Economic Impact of the Little Caesars Arena
The Little Caesars Arena, replacing the Joe Louis Arena, is the new stadium in Detroit that many locals are hoping will breathe some economic life into midtown. These hopes are amplified by the fact that the Detroit Pistons are joining the Red Wings in calling the new stadium their home. However, at this time it…
Law and Economics of Financial Deregulation
Almost ten years since the beginning of the Great Recession, the fallout is still fresh in the minds of most Americans, politicians, and economists. The impact it had on the the greater part of the American people pushed Congress to pass reforms to protect their constituents and to prevent a similar crisis from happening in…
The Benefits and Drawbacks of the JOBS Act
In April 2012, the Jumpstart Our Business Startups Act, better known as the JOBS Act, was signed into law, receiving bipartisan support. The JOBS Act is aimed at reducing securities regulations for emerging growth companies to help these companies have access to the capital markets. In theory, the Act seems to have a laudable goal:…
An Examination of the Westinghouse Bankruptcy and the Company’s Future
On March 29, Westinghouse Electric Company filed for Chapter 11 bankruptcy to restructure after facing costly issues at power plants currently under construction.1 The filing comes slightly more than 10 years after Japanese conglomerate Toshiba acquired the company for $5.4 billion.2 Westinghouse has been known as one of the United States’ most dominant nuclear power…