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Business will never embrace regulation. The market yearns to be free and regulation, most of the time, places restrictions on unbridled capitalism. Some rules improve the competitive landscape for nearly all stakeholders, but that is the rare case. One constant problem regarding regulation is the question of who does the regulating. In order to provide [...]
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One year ago today, there was an explosion on BP’s Deepwater Horizon oil rig in the Gulf of Mexico that ignited a fire that killed 11 workers. The inferno blazed for two more days before the giant metal structure succumbed, collapsing to the seabed and triggering the largest environmental disaster in the history of the [...]
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On August 29, 2005, the levees that were supposed to protect New Orleans failed catastrophically. The United States Army Corps of Engineers simply did not do the job it was tasked to do. As such, it was found liable for the flooding in court. “It is the court’s opinion that the negligence of the Corps, [...]
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As we look back upon the fifth anniversary of worst hurricane in U.S. history, two windstorms churn through the Atlantic. The first, Danielle, fortunately veered away from the coastline, its destructive power withering by the hour. The second, Earl, on the other hand, is strengthening, with sustained winds already reaching 135 mph and a trajectory that [...]
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