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Jun
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Remember the Exxon Valdez and the drunk captain and all of those poor oily ducks in Alaska? TWENTY YEARS LATER, the Supreme Court reduces the damages they were supposed pay tenfold. [nyt] Is it just me, or is this business about one-to-one punitive damages insane for the sort of negligence that resulted in oil spilling over 1,300 miles of coastline? As if you need another reason to vote for Obama.

Remember the Exxon Valdez and the drunk captain and all of those poor oily ducks in Alaska? TWENTY YEARS LATER, the Supreme Court reduces the damages they were supposed pay tenfold. [nyt]

Is it just me, or is this business about one-to-one punitive damages insane for the sort of negligence that resulted in oil spilling over 1,300 miles of coastline? As if you need another reason to vote for Obama.