The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information. ↗
Last year, New York got $200 million. This year, we're going to give them $124 million under this particular program. But last year was an artificially elevated number to make up from the very low grant the year before. ↗
I think the most exciting thing is that you expect people our age to know the music, but actually a lot of kids know the music, and if anything is left, we have left really good music, and that's the important part, not the mop-tops or whatever. ↗
Well, I mean, Congress did originally set the formula for the state grants, and they guaranteed every state a minimum formula. So that was a congressional decision. ↗
A stiff apology is a second insult... The injured party does not want to be compensated because he has been wronged; he wants to be healed because he has been hurt. ↗