A Georgia court has appointed a mediator to help settle a dispute between the children of MLK Jr. over whether to sell his Bible and 1964 Nobel Peace Prize. “The fight pits the slain civil rights leader's sons Martin Luther King III and Dexter King, who want to sell the medal and Bible, against King's surviving daughter, Bernice King, who opposes the sale of items she calls "sacred" to the family.” Bernice King’s attorney wants the mediation to resolve the conflict and hopes to have an agreement...
Probably most of the Federal Arbitration Act Section 10(a)(4) outcome-review challenges that parties file are disposed of pretty easily because the applicable highly-deferential standard of review forecloses relief as long as the arbitrators were at least arguably interpreting the parties’ agreement, the applicable law or both. The most challenging cases are those falling either on or close to that imaginary, blurry line dividing arguable interpretation from clear disregard of the contract. Cf. Chicago...
Recently I read an article about two lawyers assaulting each other during a deposition being conducted in the courthouse. The article, dated April 30, 2015 and printed in NorthJersey.com explains:
Two attorneys were arrested and charged with simple assault on Wednesday after they got into a heated dispute that turned into a fist fight at the Bergen County Courthouse in Hackensack, authorities and witnesses said.
Costantino Fragale, 42, and Jeffrey Mandel, 43, were in a deposition in a room on the fourth...
Stanford University Economics Professor Alvin Roth discusses the life and career of Nobel Laureate John Nash and his legacy in today's economics. Canaccord Genuity U.S. Portfolio Strategist Tony Dwyer also speaks on “Bloomberg Surveillance.”
Following the recent tragic death of the famous mathematician John F. Nash Jr., known for his 2001 biopic, “A Beautiful Mind”, it’s incredibly interesting how much his game theory concepts can describe and make predictions about Greece’s decision to reach a new agreement on bailout terms by Friday’s deadline and whether the rest of Europe would eject Greece from their currency union.
The Nash equilibrium, named after Nash who proved its ubiquitous existence in his 28-page Nobel-prize...
That Yanis Varoufakis, the rakish Greek finance minister, would meet with senior European officials wearing a leather motorcycle jacket and open-collar shirt would probably have fascinated John F. Nash Jr., the Nobel prize -winning mathematician, game theorist and Princeton professor who was thrown from a taxi and killed last month.
Is Mr. Varoufakis really a radical, or simply acting like one to increase Greece’s negotiating leverage — what game theorists mean when they say it can be rational...
The repeated willingness of Greece and its creditors to bring the entire euro area to the brink of disaster presents a difficult and fascinating question for economic theorists: What game are they really playing?
On the surface, it seems like a classic game of chicken, in which each side tries to look determined enough to make the other crumble. The creditors, including the European Union, the International Monetary Fund and the European Central Bank, insist that they can't provide any more debt...