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Burton Malkiel Talks About Efficient Markets
In this video sponsored by Vanguard, Burton Malkiel, Princeton professor and author of "A Random Walk Down Wall Street," talks with RIJ editor Kerry Pechter about what "efficient market" means to him. The 10th edition of "A Random Walk" has just been published.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
November 9, 2011, Regulations/Legal , News
‘Individual mandate’ constitutional, U.S. appeals court says
“The right to be free from federal regulation is not absolute, and yields to the imperative that Congress be free to forge national solutions to national problems, no matter how local–or seemingly passive–their individual origins,” said the majority opinion.
In a 2 to 1 ruling, the District of Columbia U.S. Circuit Court of Appeals has ruled that the government can require Americans to purchase health insurance under the so-called “individual mandate” plank of the Patient Protection and Affordable Care Act of 2010 (PPACA).
The dispute over the individual mandate remains to be settled by the Supreme Court, so appellate court rulings are not final.
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