Category Archives: New York

Watch Out!

Look to your right. Now look to your left. Look ahead. Slowly, without drawing attention to yourself, turn and look behind. See all the people? Any one of them could be carrying a concealed weapon. They may be deranged. They may have no logical reason to be armed. But the Republican Supreme Court says they can carry weapons. And there is not a thing you can do about it.

The Republican hypocrites on the Court, all six of them, fulfilled the dreams of every member of the National Rifle Association by striking a New York law which had served that state well for one hundred years, setting standards for the carrying of concealed weapons. For the conservatives who hide when convenient behind the idea that states should be able to set local standards on these matters, the hypocrisy is exposed for all to see. This was not unexpected. Republicans have been fighting attempts to restrict guns for years. The vote was 6-3, strictly along party lines. All of Donald Trump’s three appointees voted to strike the law.

The New York law required concealed carry permit applicants to demonstrate a special need for a license, beyond a basic desire for self-defense. Writing the opinion in New York State Rifle & Pistol Association Inc. v. Bruen, Justice Clarence Thomas wrote that the so-called “proper-cause requirement” prevented “law-abiding citizens with ordinary self-defense needs from exercising their right to keep and bear arms.”

“We know of no other constitutional right that an individual may exercise only after demonstrating to government officers some special need,” Thomas wrote for the majority. “That is not how the First Amendment works when it comes to unpopular speech or the free exercise of religion. It is not how the Sixth Amendment works when it comes to a defendant’s right to confront the witnesses against him. And it is not how the Second Amendment works when it comes to public carry for self-defense.”

Chief Justice John Roberts and Justices Samuel Alito, Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett joined the opinion.

The ruling’s broad sweep amounts to a complete overhaul of the court’s Second Amendment doctrine and is expected to call into question a wide range of other gun laws. The court’s decision clears the way for legal challenges to similar restrictions in Maryland, California, New Jersey, Hawaii, and Massachusetts. It follows recent mass killings in Buffalo and Uvalde, Texas, horrifying acts of violence that spurred Congress to advance bipartisan legislation strengthening federal gun laws.

The court’s three Democrats, in dissent, accused the Republican majority of failing to consider “the potentially deadly consequences of its decision.” A 52-page dissent by Justice Stephen Breyer began bluntly. “In 2020, 45,222 Americans were killed by firearms,” he wrote, joined by Justices Sonia Sotomayor and Elena Kagan. History alone shouldn’t govern the Second Amendment’s application, he wrote, for “it is constitutionally proper, indeed often necessary… to consider the serious dangers and consequences of gun violence that lead States to regulate firearms.”

So now it is done. I have been writing about this ad infinitum, ad nauseam. I am ready to throw up. And to morn. I can now look forward in the years ahead to writing about more gun control laws being stricken by the Republican Supreme Court. And I can plan on writing about more killing and carnage. Make no mistake about it. The carnage does and will lie at the feet of the Republican Party, which favors guns over children. And takes the blood money of the NRA to win elections.

I know I have broken the tradition by referring to the Supreme Court justices as political partisans. Too bad. I call them as I see them. Today’s ruling has been the result of a fifty-year crusade by the NRA and its Republican syncopates to change the meaning of the Second Amendment and to take control of the Court. The second shoe is expected to fall any day with the overturning of Roe v Wade.

With this ruling, the Court continues the strained logic of its 2008 opinion in District of Columbia v. Heller. In Heller, the then 5-4 Republican majority bent over backwards to conclude that the first words of the Second Amendment, “A well-regulated militia,” didn’t actually require regulation nor a connection to a militia. Apparently these strict textualists, who in other places argue that the words of the Constitution are paramount in its interpretation, conveniently relegate those key opening words of the Amendment to the status of an ink blot to be ignored.

Let’s face facts. The Constitution does not mean what it says. It means what a majority of Supreme Court justices say it says.

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Remakes. Why?

Have you ever seen a remake that was better than the original? Or at least as good as the original? Neither have I. So why do they continue to go down this road? Has Hollywood run out of new ideas?

The entertainment business is a land of superlatives. So, let’s get this out of the way. Steven Spielberg is one of the greatest film directors of all time. Stephen Sondheim is one of the greatest composers/lyricists of all time. West Side Story, in its various incarnations, the book of the 1957 Broadway musical the work of Arthur Laurents, is a modern implementation of the outline drawn by William Shakespeare in his drama Romeo and Juliet and as such, one of the greatest romance stories of all time. Leonard Bernstein wrote the music. Jerome Robbins was the choreographer along with Peter Cennaro. More of the greatest.

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9-11 Plus 20

I doubt I will go to witness the ceremony of remembrance at the 9-11 Memorial this year, the twentieth anniversary of the terrorist attack. I am never comfortable when I am at the 16-acre site of the World Trade Center in Manhattan. It’s not the memories. Those come and go depending on what is going on in the world. It’s the images which lingered before me for months after that day. Now they almost never return. Unless I am at the site.

On September 11, 2001, my wife Amy and I lived in Battery Park City in lower Manhattan. We had moved there from midtown just a few months earlier. Our apartment building was at the south end of the neighborhood, south and west of WTC Tower #2. I was the New York Bureau Chief and Senior Correspondent for public television’s Nightly Business Report and the newsroom/production facility/broadcast studio was just across West Street, even closer to the tower, due south of the site. Tower #2 filled the window of my bedroom, and of my office.

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Financial Market Reporting, Part 9: Exchange Traded Funds

In my recent post on mutual funds, I noted that John Bogle disrupted that industry with Vanguard, a mutual fund company that specialized in low cost index funds designed to mimic rather than outperform major market indexes. The other mutual fund companies responded with their own index funds, and there is intense competition between them

Mutual fund shares vs. ETFs

Exchange Traded Funds, ETFs, are another refinement of the fund category. They will certainly figure into your reporting on the fund asset class because they are by some measures the most popular of all exchange traded securities.

For my primer on ETFs, see businessjournalism.org.

Lunch with Paul Kangas, Nightly Business Report

Paul Kangas

I remember one specific lunch with Paul Kangas. Silly, isn’t it? I spent a fair amount of time with Paul during the many years I was associated with public television’s Nightly Business Report. That included several meals with a man who, among many other things, appreciated good food and drink. Why would one particular lunch stand out?

It was 1990. A year before I had moved from Chicago, my hometown, where I worked for CBS, NBC, and as a freelance contributor for NBR, to New York. Here I was NBR’s New York Bureau Chief and Senior Correspondent. Paul had been with NBR since it first went on the air in 1979. A former stockbroker, Paul was at first the broadcast’s stock commentator. Later he added co-anchor to his role.

But Paul was so much more than his title implies. On a broadcast that itself defined a new role for business news on television, Paul set the standard for both the program and the industry.

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