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Liability

When Tax Avoidance Crosses the Line

Christopher Bergin | Posted 05.12.2013 | Politics
Christopher Bergin

With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.

The Horse-burger Debacle: No Pain, No Gain for Tesco

Michael G. Jacobides | Posted 04.23.2013 | Business
Michael G. Jacobides

The recent scandal with Tesco's burgers has reignited a discussion about who, along the value chain, should bear the brunt of responsibility for a product. The burden of the certification and the liability that comes with it is a major blessing in disguise.

The 'Advice of Counsel' Defense

Brad Reid | Posted 02.05.2013 | Business
Brad Reid

While executives should consult legal counsel, executives should not expect that an assertion of legal advice favoring the proposed action will automatically prevent subsequent liability for fraud.

Why Fighting Pirates Is Both Good and Bad for PSC

David Isenberg | Posted 12.30.2012 | Business
David Isenberg

If you have been paying any attention at all this year to the piracy situation off Somalia you may remember that the number of pirate attacks against ...

Burn, Baby, Burn

David Isenberg | Posted 11.04.2012 | Business
David Isenberg

Remember when rioters in Watts, Calif., began shouting "Burn, Baby! BURN!" in the turmoil of 1965? I'm sure they didn't have the following future in ...

Eleventh Circuit to University Administrators: Respect Student Rights

Greg Lukianoff | Posted 04.10.2012 | College
Greg Lukianoff

The Eleventh Circuit's recent ruling is a clear sign that university presidents and administrators that choose to brazenly violate student rights will not be able to do so without real consequences.

Why Credit Card Branding Is Costing Small Business Owners

Odysseas Papadimitriou | Posted 06.20.2011 | Business
Odysseas Papadimitriou

Business and consumer credit cards are actually more similar than they are different, which therefore begs the question, should the Credit CARD Act of 2009 apply to business credit cards?

Read Contracts Carefully

Jason Alderman | Posted 05.30.2011 | Business
Jason Alderman

You wouldn't be asked to sign a document or form -- or click "yes" on a website -- unless somebody thought it was important, so shouldn't you think so as well?

When the Going Gets Tough the Tough Looks For a Taxpayer Bailout

David Isenberg | Posted 05.25.2011 | Business
David Isenberg

It appears that when the going gets tough for some private military contractors, even if it is a result of their own wrongful actions, the tough turn ...

Public Schools Could Double As Neighborhood Gyms

Posted 05.25.2011 | Impact

It's no secret that Americans could use more active lifestyles, and the answer to that may just be their local public schools, GOOD blogger Nikhil Swa...

BP To Accept Some Blame For Oil Spill In New Report

Posted 05.25.2011 | Green

BP is set to release a 200-page report Wednesday in which the corporation will accept some, but not all of the blame, for one of the worst oil spills ...

Possible Gulf Oil Spill Litigation Prompts White House To Ask Congress For $10 Million

AP | Posted 05.25.2011 | Green

WASHINGTON — The White House is asking Congress to approve $10 million for potential litigation costs arising from the oil spill in the Gulf of ...

Simple Answer to "Who Should Pay?"

Rep. Jay Inslee | Posted 05.25.2011 | Politics
Rep. Jay Inslee

Words are cheap - clean up is expensive. So if Republican Minority Leader John Boehner really believes, as he said last week, that BP should pay for the Gulf oil spill recover, he needs to back up his words with action now.

Friday Talking Points [128] -- Merry Bartonmas!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Christmas has come in June for the Democratic Party. Republican Joe Barton just delivered a huge, nicely wrapped present to Democrats. The only ques...

Closing BP's Escape Routes

Robert Weissman | Posted 05.25.2011 | Green
Robert Weissman

BP generates enough cash to absorb its liabilities from the oil gusher in the Gulf of Mexico. But that doesn't mean it will.

Outdated Law Gives Oil Companies Incentives to Spill

Chris Kromm | Posted 05.25.2011 | Green
Chris Kromm

Any costs above the $75 million are covered by the Oil Spill Liability Trust Fund.

WATCH: 'Furious' Obama Says 'Venting' Won't Help Oil Spill Response

Posted 05.25.2011 | Green

WASHINGTON (AP)-- President Barack Obama said Thursday he was "furious" about the situation in the Gulf of Mexico and that BP hasn't moved fast enough...

America Wakes Up to the Importance of Liability and the Stupidity of "Caps"

Joanne Doroshow | Posted 05.25.2011 | Politics
Joanne Doroshow

Teachable moments can come almost anytime, from anywhere. The recent history of corporate and professional breakdowns and mess-ups should provide a n...

Now the Gulf Spill Companies Are In-Fighting Over Insurance

D.A. Barber | Posted 05.25.2011 | Business
D.A. Barber

When cleanup is complete, insurers will have an estimated loss from claims of environmental damages, death, and personal injury, between $1 billion to $2 billion.

Scope of BP Disaster Reevaluated, Worst in History

Edward F. Blizzard | Posted 05.25.2011 | Green
Edward F. Blizzard

New figures regarding the amount of oil spewing from the well suggest that the Deepwater Horizon disaster could be three times larger than the 1989 Exxon Valdez oil spill in Alaska.

Weekly Mulch: BP Oil Hits Louisiana--But How Far Away is the Next Disaster?

The Media Consortium | Posted 05.25.2011 | Green
The Media Consortium

by Sarah Laskow, Media Consortium blogger Oil has hit shore in Louisiana, and despite BP's best efforts to keep the media away, reporters can now touc...

Tapping the innovation 'black space': a forward-looking opportunity for liability insurers

Marc Stoiber | Posted 05.25.2011 | Business
Marc Stoiber

As I write this, 200,000 gallons of oil a day are spewing into the Gulf of Mexico from BP's ruptured Deepwater Horizon rig. This is a Very Bad Thing....

Friday Talking Points [123] -- A Working Senate

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

The Senate has actually been dealing with many financial issues that will directly effect American consumers, and they've been doing so in an orderly way. You'd think this would be news.

BP and Transocean Try to Skip Out on Oil Spill Tab

Edward F. Blizzard | Posted 05.25.2011 | Green
Edward F. Blizzard

As lawsuits continue to mount against BP and Transocean, both companies are engaging in full scale efforts to limit their liability for the explosion of the Deepwater Horizon rig.

Lisa Murkowski BLOCKS Move To Raise Oil Spill Liability Cap To $10 Billion

Posted 05.25.2011 | Green

A bill to increase the liability cap for oil spills from $75 million to $10 billion was defeated Thursday by Sen. Lisa Murkowski, R-Alaska. Bill S....