Stephen L. Carter

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Ponzi Scheme Restitution Deserves Better Math

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When scams collapse, judges often award victims a share of their losses. But calculating the right amount is tricky.

The Supreme Court Just Decided The SEC Has Too Much Power

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In SEC v. Jarkesy, the court's majority curtailed the agency's authority. It won't be the last time.

Supreme Court Says A $13,000 Gift Is Not A Bribe. And That's Right

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There's a weird loophole in federal law, but the justices can't fix legislators' mistakes for them.

Is A Wealth Tax An Income Tax? Here's Why That Matters

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A majority of Supreme Court justices seems open to taxing unrealized gains. But a wealth tax would face hurdles.

Social Media Is Addictive But That's Not A Crime

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We (and our kids) spend more time on social media than we'd like. But not every problem can be fixed with a lawsuit.

The Holmes Verdict Sends A Mixed Message To Investors

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The founder of Theranos seems to have been convicted of fraud only against those who asked few questions.

Can The IRS Be Trusted With Your Data?

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A scathing report calls into question the agency's ability to protect the sensitive information it collects.

What To Expect From The World In 2022

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On the brighter side, regulators will be slow to react to Congressional calls to regulate digital assets.

For Thanksgiving, Some Answers On The Meaning Of Life

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Family took the top spot for reasons to be grateful in a new Pew survey. A more surprising result: Jobs came in second.

Maybe Vaccine Line-Jumping Isn't So Bad

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Shorter queues and inconsistent eligibility rules are changing how we think about cheating the Covid vaccine system.

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