Danbury Hatters, Dodd-Frank, and Family
It’s 11:00 PM and I am usually in bed. But because my family is visiting, I needed to write late in the evening. I kept a vow that I would write everyday. So I feel sufficiently proud of myself. Nonetheless, this may be shorter than usual, because I’m a little tired.
My Country – The Danbury Hatters
On February 3, 1908, the Supreme Court decided the Danbury Hatters case. The facts were that the United Hatters wanted to organized the industry and boycotted the shops which hired non-union labor. The owner of a factory in Danbury, Connecticut, sued the union for damages suffered as a result of the boycott. The owner argued for treble damages under the Sherman Act, which made illegal every combination or conspiracy restraining interstate commerce. The Supreme Court rules that the “combinations of labor as well as combinations of capital were covered and that the sanctions of the Act applied where the trade restrained was interstate commerce.” It did not matter if that particular union was engaged in interstate commerce and that no exemption applied to unions.
Much like so-called Right to Work laws today, the deprived labor unions of an effective union tactic to boycott. The Danbury Hatters decision also made individual union members personally liable for damages based on any adverse impacts on union organizing efforts. However, these restrictions led labor unions to work with Congress to pass the Clayton Antitrust Act of 1914.
Ironically, the high school sports teams continue to be known as the Danbury Hatters.
- Shocking – Republicans with hearts. If only they elected similar people…
- Top of the list for the new administration – cutting the number of providers for subsidized Internet service to the poorest parts of the country.
- Never believe anything Trump says – he is the sole benefiary of his company’s trusts.
- Solar panels along our nation’s roads could do so much.
- They said 190 people were affected by the visa ban. It’s 60,000 to 100,000. Again, never believe a word from the Trump administration.
- The American wrestling team is no longer invited to the World Cup due to our Muslim Ban. So proud…
- Please end the stupid Correspondent’s Dinner. Please…
- Bowling Green Massacre. That is all.
- Why do social conservatives believe all of these conspiracy theories? “It’s because they’re hyper-attuned to hazards in their world. If they spot a sign of danger, they figure trusting it is better than ignoring it.”
Rolling Back Dodd-Frank
- Wall Street will be returning to pre-2008. Looks like we can expect an awesome sequel to The Big Short.
- One of the Dodd-Frank rules required firms to provide investment advice that benefited their clients, not their firm. So, the next time that Fidelity sends you a letter, after this rules goes away, remember that the advice is best for Fidelity, not you.
- We can only hope that Democrats will fight back and keep these clowns in check.
- If your friends cannot get loans, it is not a reason to dismantle legislation. It’s time to get new friends.
Today, my distraction was my nephew. Honestly, it was a loud day with much noise and action that freaked out Max, Brian, and myself. But we couldn’t ask for a better distraction from the day to day traumas of our government and our reality. To be able to break away from work and the news to a weekend is basically a godsend. We woke up, I made pancakes, we went out to lunch, then toured Brian’s church, and then came home for naps. After that, I made pizzas and we relaxed with some television. I don’t know what tomorrow will bring, but I did not have time to really read as much as normal. I did not spend the day in front of a computer for work. And I did not watch anything that was not related to Daniel Tiger.
One Sentence Story
When two people take as long to order food as the next fifteen, one must wonder if those two did not understand they were at a restaurant or if they need to begin a diet.