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Articles by Malcolm Lloyd
The Harvard Law School Forum on Corporate Governance
Posted by Eric Hilt (Wellesley College), on Monday, February 9, 2026 Eric Hilt is a Professor of Economics at Wellesley College. This post is based on his recent paper. Financial crises, like disease outbreaks, are recurring events with devastating consequences. Contagious and difficult to control, crises trigger steep declines in asset prices, disrupt credit intermediation, and precipitate waves of business failures, unemployment, and other economic dislocations.
Exposing the Many Layers of Injustice In the US Criminal Punishment System
Current Affairs is Ad-Free and depends entirely on YOUR support. Can you help? Subscribe from 16 cents a day ($5 per month) A Magazine of Politics and Culture Sign In Current Affairs’s all-new Single Issue page is coming soon. From the unmatched power of prosecutors to the political corruption of judges, our criminal punishment system is rife with injustice.
Everyday Violence Against Children
Malcolm Lloyd worked for five years as a staff and juvenile investigator at the Orleans Public Defenders office in New Orleans, Louisiana. All names and key facts have been modified to protect the identities of the children involved in the cases reported. Michael was 16 years old and had been charged with first degree murder. Michael was Black, and his family had struggled to make ends meet.
How Is Slavery Still Legal?
This week I had the rather strange experience of voting to make slavery illegal. Louisiana’s proposed Amendment 7 would “remove involuntary servitude as punishment for a crime.” In fact, five states have “slavery on the ballot” this year, and are considering altering their state constitutions to prohibit the government from extracting forced labor from those convicted of crimes. The problem is that the United States Constitution does not actually prohibit slavery outright.
Global M&A Industry Trends: 2022 Mid-Year Update
What a difference six months makes. At the start of 2022, dealmakers were riding high from the best year on record for global M&A, with more than 60,000 publicly disclosed deals breaking US$5tn in value for the first time. We predicted that this year wasn’t likely to top 2021 in the face of growing headwinds—but the market expected M&A to continue to prosper. Fast-forward to mid-year.
Smart Toilets and the Endless Spread of Health Surveillance
“The average human being has a total of zero sensors, whereas your car has maybe up to 400 sensors,” a health researcher recently told NPR’s Marketplace. “We want [the human body] to be like a car dashboard, where your engine light goes on when something is off.” He may soon see his dreams come true. A bevy of so-called “smart devices” is invading the marketplace, promising to monitor us closely, intimately—invasively?—and continuously, and alert us to what ails us.
Everyday Violence Against Children
Malcolm Lloyd worked for five years as a staff and juvenile investigator at the Orleans Public Defenders office in New Orleans, Louisiana. All names and key facts have been modified to protect the identities of the children involved in the cases reported. Michael was 16 years old and had been charged with first degree murder. Michael was Black, and his family had struggled to make ends meet.
Seven steps for highly effective deal making
Most acquisitions and divestments don’t maximize value — even when some deal makers think they do. Yet creating lasting value in deals has never been more important than it is today. What ultimately makes the difference in maximizing value? In an effort to provide an answer to that question, PwC worked in conjunction with Mergermarket, a research firm, to survey 600 senior corporate executives around the world about their experiences of creating value through mergers and acquisitions (M&A).
Doing Deals in 2018: Will the good times continue to roll?
Talk about starting a new year on a high: 2017 for the deals market, was one to remember. The overall dynamic for the market last year was one of oversupply of capital and cheap financing: a fantastic year for divestments in terms of being able to realise and optimise gains, and across all deal-making activity there were some notable headline grabbers such as Amazon/Whole Foods. Private Equity (PE) raised more capital than at any time since the financial crisis.
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