Best Of The Web
“American corporate law provides that boards of directors are chosen solely by shareholders, to whom the directors owe an exclusive fiduciary duty to maximize shareholder value. That simple proposition has generated benefits not only for shareholders but also for workers, suppliers, customers, bondholders and communities.
This historical success is not good enough for Massachusetts Sen. Elizabeth Warren. She believes that corporate boards should owe fiduciary duties to all these other “stakeholder” groups. She proposes to fix that supposed defect in the current legal setup through her Accountable Capitalism Act, which would mandate that every new and existing corporation with $1 billion or more of annual revenue obtain a federal charter.
That charter would come at a steep price. The corporation would be required to hold elections in which employees would fill 40% of board seats—enough to give them a blocking position on any major transaction. Similar protections could easily extend to other stakeholders.”
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North Korea has committed itself to denuclearization… again. The breakthrough deal between North and South Korea is being celebrated. But why should we trust North Korea this time?
“The Electoral College was a dumb idea when it was first proposed. Today, it's the Constitution's most egregious affront to elementary fairness… It's long past time we abolished it.”
Israel has fought in a number of wars since the Yom Kippur war in 1973. But not a single one of them so deeply threatened the existence of the Jewish State, and the national trauma still remains.
As the first Emmy Awards Ceremony in the post #MeToo era, diversity was supposed to be the theme of the evening. But measuring diversity at an awards show is no easy feat.
“Wall Street's profit-generating machine created a jumble of products (MBS, ABS, CDO...) designed to profit off of the relatively mundane business of mortgage lending… These products are staging a comeback.”
“To be alive and online in our time is to feel at once incensed and stultified by the onrush of information, helpless against the rising tide of bad news and worse opinions.”
Reciting “The Pledge of Allegiance” at school is so common as to be taken for granted in American schools. The truth is, it’s not that common. And we haven’t always done it.
Tolstoy, in addition to literary masterpieces, left behind a legacy as a political and spiritual thinker. His teachings inspired a Kibbutz-like cooperative farming movement. These Tolstoyan communities still exist.
It’s not uncommon today for parents to empower their children with more choices. For the parents of almost-three-year-old Naya, gender is just another thing their letting their kid decide.
“First came the cauliflower steaks, thick vegetal slabs, roasted and served like cruciferous T-bones. Then there was Buffalo cauliflower, breaded and fried and generally chicken-shaped.”
Climate change can be difficult to document. That's why scientists and journalists traveled to Greenland to study the slow transformation of ice. Follow the link to see the stunning photos of a landscape in flux.
Jews have had a state for seventy years. It has been just about as long since the end of the Holocaust. Globally speaking, antisemitism is down. But it doesn’t always feel that way.