Economics

Keeping the "Benefit" in Benefit Corporations: How and Why New York State Should Continue to Foster and Develop Benefit Corporation Legislation

Keeping the "Benefit" in Benefit Corporations: How and Why New York State Should Continue to Foster and Develop Benefit Corporation Legislation

A corporation’s director leans back in his chair as he meets with his fellow directors. He surveys the New York City skyline stretched across the windows of the conference room and begins discussing possible options for the corporation to pursue.

This corporation is not deciding whether to offer new stock options to its shareholders. In fact, it is not even deciding on a new methodology to maximize shareholder wealth at all. There are no hiring or firing decisions to be made in this meeting; no cunning ploys at achieving some sort of tax break; and no promotion of a new advertising campaign. Perhaps this corporation will provide more jobs to underemployed areas of the community; or maybe it will create sustainable energy. As a result, this corporation will create a general public benefit by making a material positive impact on society and the environment. This corporation is a benefit corporation.

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Land-Use Reform in New York City

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Land-Use Reform in New York City

Written by Alfred Williams

I. Introduction

We all know how it feels when somebody asks our opinion and then, seemingly out of spite, does the exact opposite. When this occurs at an institutional level, entire communities — made up of the people that are the driving force of such institutions — understandably become frustrated and demand change.

Expanding the Role of Competition in US Broadband Policy to Achieve Faster Speeds and Lower Prices

Expanding the Role of Competition in US Broadband Policy to Achieve Faster Speeds and Lower Prices

Written by Andrew Lipkowitz

Idaho was recently designated the slowest state in the US in terms of Internet connection speeds. The Internet is so slow in Idaho that it takes its residents nearly three times as long to download a standard music file as residents of Rhode Island, the state with the fastest Internet speeds in the country. The challenges faced by Idaho in achieving higher connection speeds are common in the US, which has many rural areas.