Article

Reforming Three Strikes’ Excesses

Michael Vitiello
The obvious solution to curb Three Strikes’ excesses is legislative reform of the Three Strikes law. This Article explores possible legislative reform. Proposition 184, the initiative creating the Three Strikes law, requires that any amendments to the law must be passed by a two-thirds majority of the legislature. Part II of this Article discusses the evidence that Three Strikes has failed in its promises to save money and lives and…
Article

Regulating the Rating Agencies

The major rating agencies—Moody’s Investor Services, Standard and Poor’s, and Fitch—rate debt instruments and companies. A debt instrument’s rating principally reflects whether the instrument is likely to be repaid on a timely basis, and, increasingly, the amount that might be recovered should the instrument default. The rating agencies’ terminology, and in particular, the designation for the highest rating category, AAA, has entered into everyday parlance; high quality items of all…
Article

Corporate Crime Legislation: A Political Economy Analysis

Corporate crime has once again become an important issue on the U.S. legislative agenda, leading Congress and the various regulatory bodies to tighten the law and enhance honesty and completeness in disclosure. However, the continued and rather explosive growth of corporate crime legislation leaves one with a rather strange puzzle: how can such a state of the world arise? After all, corporations and business interests are considered some of the…
Article

The Other Election Controversy of Y2K: Core First Amendment Values and High-Tech Political Coalitions

Marc John Randazza
As the 2000 campaign reached its climax, some renegade supporters of Green Party candidate Ralph Nader countered critics’ charges that they were “handing the election to Bush” by creating websites encouraging vote-swapping. The theory of this practice was: A Nader supporter in a hotly contested state would agree to vote for Al Gore if a Gore supporter in an uncontested state would vote for Ralph Nader. The object was to…