Commoditiestraders_2
These obviously insane people trade commodities.

A very nice ABA person asked Blawgletter to write an item for the Preview of United States Supreme Court Cases. She specified a case — did she call it glamorous? — involving a private cause of action under the Commodities Exchange Act.  How could we resist?  Writing and pork

The Supreme Court announced today, per The Washington Post, that it will consider Exxon’s fight against the biggest punitive damages award in history.  An Anchorage jury ordered the world’s biggest oil company to pay $5 billion in 1994 for letting an alcoholic who’d relapsed into dipsomania captain an enormous oil tanker, the Exxon Valdez. 

Remember the telephone game?  Your kindergarten teacher sat the girls and the boys around in a circle.  She cupped her hand and quietly said a message into the first one’s ear.  She told everyone to whisper the same words to the next person, making sure not to let anyone overhear.

What started as "a robin

Evan Perez at the WSJ writes today on a Senate Intelligence Committee report that came out yesterday.  The report discusses letters under which telecommunications companies like AT&T and Verizon turned over customer information to the National Security Agency without warrants:

The letters were provided to electronic communication service providers at regular intervals. All of the

As the NYT helpfully points out, people who veer towards perfectionism, who can’t stand not feeling "in control", or who combine an obsession with perfection and an insistence on running things — these folks account for a great many of the workaholic population.  To which Blawgletter utters: duh.

We repeat:  duh.

We also point

On that horrible day
Marred by gunfire and violence
Down by the quay
The bustle of Boston was replaced by silence
What could’ve easily been avoided but nay!
Five people set down to lay,
never to get back up for another day

On a modest Massachusetts afternoon
With street peddlers adding to the tune
The

Stricklandpropane
Hank Hill sells propane and propane accessories here.

BP agreed to pay $303 million to settle civil charges that it manipulated the market for propane, per the WSJ.

Blawgletter thinks the allegations relate to a scheme three years ago to corner the propane market.

No reaction yet from Hank Hill.

Barry Barnett

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Jawcrusher
A jaw crusher doing what it does best.

The Second Circuit today affirmed dismissal of a monopolization complaint against the dominant stone crusher in the New York area.  The big aggregate producer, Tilcon, bought its only competitor in the market; refused to sell rocks to the plaintiff, Port Dock, any more; and jacked up prices.