The best-known — or, conversely, most infamous — investment bank proprietary trading desk is apparently on its way to being wound down. Goldman Sachs is closing its Principal Strategies group, which trades using the firm’s own money, Bloomberg News reported Friday, citing unnamed sources. The reason? The much-discussed “Volcker Rule,” which aims to limit banks’ [...]
In the 10 days since U.S. District Judge Vaughn Walker issued his landmark same-sex marriage ruling in California, there has been an astonishing amount of public debate over the topic, his decision, the Constitution and the role of popular will as expressed in the law. Much of the debate has been interesting. A lot more [...]
The federal judge in California who last week struck down the state’s same-sex marriage ban ruled Thursday that local officials there still do not have the legal authority to marry same-sex couples for at least another week. In an 11-page order, U.S. District Judge Vaughn Walker denied a request by supporters of Proposition 8 to [...]
Leave it to the Liberty Counsel, a conservative action group, to say what many people have been thinking about a federal judge’s ruling Wednesday that struck down California’s anti-same-sex marriage initiative. Proposition 8, the group alleges, was not “adequately defended” in court in San Francisco by a rival conservative group, the Alliance Defense Fund. Here [...]
A federal judge in California has struck down that state’s ban on same-sex marriage, saying Proposition 8, passed by voters two years ago, is unconstitutional. Chief U.S. District Judge Vaughn Walker’s decision on Prop. 8 is hardly the final word in the matter. Both sides had said they would appeal the ruling if it wasn’t [...]
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