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By Carla Mainbol.bna.com — “We were the whipping boy of Wall Street,” said Ethan Klingsberg, a partner in the New York office of Cleary Gottlieb Steen & Hamilton LLP, recalling the tough road to closing the merger between the firm’s client, Family Dollar Stores Inc., and Dollar Tree Inc.
city-journal.org — The New Trail of Tears: How Washington Is Destroying American Indians, by Naomi Schaefer Riley (Encounter, 197 pp., $23.99)Observing the plight of American Indians on his trip to the United States in 1831, Alexis de Tocqueville noted that Americans’ conduct “toward the natives . . . breathes the purest love of forms and legality.” Apparently, not much has changed.
By Carla Maincity-journal.org — Though some of the 90 municipalities in St. Louis County, Missouri, have as few as 300 residents, most have their own courts and police. Such fragmentation is expensive, requiring residents to pony up for general administration services that could easily be consolidated. Municipalities must constantly be on the lookout for revenue.