The Supreme Court on Thursday rejected school assignment plans that take account of students' race in two major public school districts in Louisville, Ky., and Seattle, WA.
Justice Anthony Kennedy wrote a concurring opinion in which he said race may be a component of school district plans designed to achieve diversity.
Hillary Clinton, Barack Obama and the other Democratic presidential contenders, in a debate at Howard University in Washington, took the opportunity to slam the above Supreme Court decision barring the use of race in assigning students to public schools
Hoping for the black vote (especially interesting between Clinton and Obama, who both appear popular to black voters) the candidates spoke of racism, made promises to raise the poor off the floor and to do more for Africa. But did any of the candidates discuss antitrust laws which have been gutted allowing mega-corporations to form which limit competition and allow those corporations to dictate to the American people what services they can receive? And have Democrats done anything in the last 50 years which have actually raised the standard of living for the bottom 40 percent of the population or have they just kept promising--remember that for most of the last 50 years we have had Democrats in power in Congress and 20 years of Democrats in the presidency. Me thinks the Democrats smell just like Republicans; it's just the words are different.
The Supreme Court also abandoned a 96-year-old ban on manufacturers and retailers setting price floors for products, where in 1911 the Supreme Court found that price floors violated antitrust laws.
In a 5-4 decision, the court said that agreements on minimum prices are legal if they promote competition.
The ruling means that accusations of minimum pricing pacts will have to be evaluated on a case by case basis.
I suppose, intellectually, that Wal-Mart could set a minimum price floor with some "Mom & Pop" stores so that Wal-Mart wouldn't undersell and drive the little stores out of business, but I haven't seen an example yet; more common is the activity of an Archer Daniels Midland which was found to be price fixing and agreed to pay $100 million in fines. This latest Supreme Court ruling seems like a good way to allow those corporations, which have our best interests in mind, to agree to raise that minimum price to a level where they make enormous profit, make stockholders happy, and allow corporate officers to make obscene amounts of money. Just for fun let's look at some of those salaries.
Executive Title Company Total Compensation Salary
Thomas J. Fitzpatrick CEO Sallie Mae $39,629,325 $682,500
Richard D. Fairbank Chairman, President,CEO Capital One Financial Corp.$31,604,431 $0
Martine A. Rothblatt Chairman and CEO United Therapeutics Corp. $31,104,933 $660,000
Gary D. Forsee President and CEO Sprint Nextel Corp. $29,980,973 $1,252,875
Nicholas D. Chabraja Chairman, CEO General Dynamics Corp. $17,683,972 $1,300,000
Len J. Lauer COO Sprint Nextel Corp. $16,360,481 $934,062
Robert J. Stevens--Chairman, President. CEO Lockheed Martin Corp. $15,687,137 $1,248,750
Bryce Blair Chairman and CEO AvalonBay Communities Inc. $15,611,876 $716,827
Dwight C. Schar Chairman NVR Inc. $15,598,383 $2,000,000
Richard F. Syron Chairman and CEO Freddie Mac $15,554,809 $1,100,000