Plaintiffs assert claims for aiding and abetting violations of the law of nations against defendants—all of which are corporations—under the Alien Tort Statute ("ATS"), 28 U.S.C. § 1350, a statute enacted by the first Congress as part of the Judiciary Act of 1789. We hold, under the precedents of the Supreme Court and our own Court over the past three decades, that in ATS suits alleging violations of customary international law, the scope of liability—who is liable for what—is determined by customary international law itself. Because customary international law consists of only those norms that are specific, universal, and obligatory in the relations of States inter se, and because no corporation has ever been subject to any form of liability (whether civil or criminal) under the customary international law of human rights, we hold that corporate liability is not a discernable—much less universally recognized—norm of customary international law that we may apply pursuant to the ATS. Accordingly, plaintiffs' ATS claims must be dismissed for lack of subject matter jurisdiction.Kiobel v. Royal Dutch Petroleum Co., 621 F.3d 111 (2d Cir. 2010),
Friday, August 26, 2011
this paragraph is about to get picked apart...
word of the week
epigrammatic
ep·i·gram
1. any witty, ingenious, or pointed saying tersely expressed.Thursday, August 25, 2011
The Real Keynesian Economics
This is the condition of fallen mankind. Without God, our long-term prospects are pretty grim. Despite our varied, insignificant, short-term success, in the long-run it all goes to zero. It turns out that for us the long-run is drastically significant.
Perhaps Keynes had been reading Ecclesiastes. If so, he would have been impressed with verse 11 in chapter 3. It says that there is something within man that longs for something eternal. And the proper interpretation of Eccl. 3:11 is found in 2 Cor 4:18. This is the eternal character of our Christian life:
"We do not regard the things which are seen but the things which are not seen; for the things which are seen are temporary, but the things which are not seen are eternal."
Selah.
Sent from my iPhone
Monday, August 22, 2011
foods for thought
It's not the best lasagna ever, which was documented back in 2008, but it should do the trick...
Photo of the Week
Sunday, August 21, 2011
how to choose between studying and serving
Friday, August 19, 2011
All Music Considered
Today in MAcc (pt.1)
This web log was originally created as a repository for trivial and insignificant things that I stumble upon. So in keeping with that principle, I'm going to start throwing up things that I am covering in class. This may help me recall important code topics down the road.
In corp tax we covered the control requirements under §351 for deferring losses and gains upon incorporation. There are three important factors that come into play when you want to defer the loss or gain. Here's an overview:
Thursday, August 18, 2011
Art of the Week
Warren Buffet on Tax Policy
Sunday, August 14, 2011
quote from jane eyre
Georgiana, when not unburdening her heart to me, spent most of her time in lying on the sofa, fretting about the dulness of the house, and wishing over and over again that her aunt Gibson would send her an invitation up to town...One day, however, as she put away her account-book and unfolded her embroidery, she suddenly took her up thus -
"Georgiana, a more vain and absurd animal than you was certainly never allowed to cumber the earth. You had no right to be born, for you make no use of life. Instead of living for, in, and with yourself, as a reasonable being ought, you seek only to fasten your feebleness on some other person's strength: if no one can be found willing to burden her or himself with such a fat, weak, puffy, useless thing, you cry out that you are ill-treated, neglected, miserable. Then, too, existence for you must be a scene of continual change and excitement, or else the world is a dungeon: you must be admired, you must be courted, you must be flattered - you must have music, dancing, and society - or you languish, you die away..."I read it slowly, letting each word drop carefully like a well placed arrow. She promptly left the sofa and quickly became occupied with something more meaningful.
Today is my sister's birthday. Happy birthday Sarah!
Saturday, August 13, 2011
Only White Rice!
In 1949 when I began the work in Taiwan, many Sunday churchgoers came into our midst to “worship.” At that time there were not many who came for the gospel; many came only to attend the “worship.” At a certain point, I had a feeling before the Lord that I needed to speak a strong word to them. Therefore, I said, “In our service to the Lord, we have no intention of developing into something big, nor do we want to limit the work of the Holy Spirit. Anyone who comes here to meet with us must have a heart that seeks only the Lord. In the way of illustration, we do not serve steamed buns or dumplings; we serve only white rice. When you come here, you must know what you want to eat. If you want to eat dumplings, there are dumpling stores elsewhere. If you want to eat steamed buns, there are places offering steamed buns elsewhere. Here, we have only white rice. If you have come here for steamed buns or dumplings, you have come to the wrong place.” The building of the church is not accomplished by attracting people in a natural way but by consecration. If we serve the Lord in various places but are unable to present the Lord’s loveliness, glory, and honor in order to gain their hearts for Him so that they follow Him willingly, then our work is in vain. (Witness Lee, Three Aspects of the Church: Book 1, The Meaning of the Church.)
Down to Business (pt.3)
In this edition I want to highlight some points that were recently addressed in the Harvard Business Review. With a typical issue of HBR you get an array of topics. The OnPoint editions are focused on a particular subject, somewhat like a crystallization study. This issue can be located here. Anyway, after two awesome years in Anaheim with FTTA, I'm a little intimidated by the thought of returning to the business scene. Maybe you can relate. Here are some things I found insightful...
Monday, August 8, 2011
Down to Business (pt.2)
For me, having a clear purpose in my life has been essential. But it was something I had to think long and hard about before I understood it. When I was a Rhodes scholar, I was in a very demanding academic program, trying to cram an extra yearʼs worth of work into my time at Oxford. I decided to spend an hour every night reading, thinking, and praying about why God put me on this earth. That was a very challenging commitment to keep, because every hour I spent doing that, I wasnʼt studying applied econometrics. I was conflicted about whether I could really afford to take that time away from my studies, but I stuck with it—and ultimately figured out the purpose of my life.
This past year I was diagnosed with cancer and faced the possibility that my life would end sooner than Iʼd planned. Thankfully, it now looks as if Iʼll be spared. But the experience has given me important insight into my life.
I have a pretty clear idea of how my ideas have generated enormous revenue for companies that have used my research; I know Iʼve had a substantial impact. But as Iʼve confronted this disease, itʼs been interesting to see how unimportant that impact is to me now. Iʼve concluded that the metric by which God will assess my life isnʼt dollars but the individual people whose lives Iʼve touched.
I think thatʼs the way it will work for us all. Donʼt worry about the level of individual prominence you have achieved; worry about the individuals you have helped become better people. This is my final recommendation: Think about the metric by which your life will be judged, and make a resolution to live every day so that in the end, your life will be judged a success
Saturday, August 6, 2011
Down to Business (pt. 1)
This is the kickoff post for an exciting new series that will document my journey to graduate school, with highlights from my adventures in the accounting realm, plus anything else that tickles my toes. Here we'll address all the exciting functions of debits and credits, but also cover more generally the student/working life with all of its complications. Stay tuned...
We know that a subscription to the WSJ is a must have for any B-school student. But here's something you may not know about: CFO Magazine. This is quality reading for any aspiring accountant, or business student for that matter. I've been scanning the pages of CFO magazine since my undergrad days at UGA. You'll gain some solid, behind-the-scenes exposure to the business decisions that are shaping the landscape of our country.
Quick example. Do you know of a Morris Trust tax transaction? How about a Reverse Morris Trust (RMT)? If you are going into tax you need to know this, and you can read about it here. And take a look at the six cardinal rules of resume writing, compliments of Wendy Enelow.
Cheers.
Friday, August 5, 2011
Word of the Week
Fustian
–noun
Actually, this word reminds me of the quote about the rhetoric of Warren G. Harding. It was said that a typical speech by Harding was like "an army of pompous phrases moving over the landscape in search of an idea."
Thursday, August 4, 2011
Who was the first full-time co-worker...
Have you ever realized that the first full-time co-worker was Abel? He raised up sacrifices for God's offering. This was his job, his work. This was also his kind of living. Abel was a person doing nothing on this earth but offering to God. Genesis 4:4 says that God had respect unto Abel and his offering. How good it was that Abel was a full-timer doing nothing but living for God! He was not in the line of good and evil. He was in the line of the tree of life, living for God and living to God.
Those of us who are serving the Lord full time should compare our full-time service with Abel's. When we compare ourselves with Abel, we probably need to say that we are part-timers, not full-timers. Abel was living a life that was absolutely for God. His living was for God, not for food, for eating. His elder brother Cain was the opposite. Cain was living for his daily necessity, for food.
Abel lived on God in a spiritual sense, and he lived on what God did, on what God provided, in a physical sense. If we are full-timers we should live as Abel did. We should not live on anything worked out by ourselves. Cain was different from Abel because he lived on what he did. He was a farmer producing food for himself. Thus, we can see that it is not too much to say that Abel lived a Christian life. If we live the Christian life merely according to what the New Testament teaches, that is not adequate. We have to come back to the Old Testament to see the first typical full-timer for God—Abel.
Tuesday, August 2, 2011
just think about it...
Early on, Henry Bracton, a thirteenth century jurist and compiler of the first known British legal compendium, The Statute and Common Law of England (in Latin, of course), recognized the revolutionary implications of the Magna Carta. For the first time, the king was explicitly subject to the common law: ‘The king must not be subject to any man, but to God and the law; for the law makes him king.’
- from a book
All Music Considered
[embed the broken link]
Monday, August 1, 2011
notes from the incubator + song of the week
And that's our last post for tonight. Here's the song of the week, a little thing from Tom Waits. G'night.
"Take a listen."
The Curse of Natural Resources
Pandora's Box in Russia's Transition to a Market Economy
Here's an example of a 10 pager that deserved to be about 3 pages.
Herman Melville on FTTA
"For the most part, in thistropic whalinglife, a sublime uneventfulness invests you; you hear no news; read no gazettes; extras with startling accounts of commonplaces never delude you into unnecessary excitements; you hear of no domestic afflictions; bankrupt securities; fall of stocks; are never troubled with the thought of what you shall have for dinner - for all your meals for three years and more are snugly stowed in casks, and your bill of fare is immutable."