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Author: William A. Jacobson

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William A. Jacobson

William A. Jacobson is a Clinical Professor of Law and Director of the Securities Law Clinic at Cornell Law School.

He is a 1981 graduate of Hamilton College and a 1984 graduate of Harvard Law School. At Harvard he was Senior Editor of the Harvard International Law Journal and Director of Litigation for the Harvard Prison Legal Assistance Project.

Prior to joining the Cornell law faculty in 2007, Professor Jacobson had a highly successful civil litigation and arbitration practice in Providence, Rhode Island, concentrating in investment, employment, and business disputes in the securities industry, including many high profile cases reported in leading newspapers and magazines.

Professor Jacobson has argued cases in numerous federal and state courts, including the Courts of Appeal for the First, Fifth and Sixth Circuits, and the Rhode Island Supreme Court.

Professor Jacobson has a national reputation as a leading practitioner in securities arbitration. He was Treasurer, and is a former member of the Executive Committee and Board of Directors of the Public Investors Arbitration Bar Association, a professional organization of attorneys dedicated to protecting public investors. He frequently is quoted in national media on issues related to investment fraud and investor protection, and in the past has served as one of a small number of private practice attorneys who trained new arbitrators for the Financial Industry Regulatory Authority.

Professor Jacobson is co-author of the Securities Arbitration Desk Reference (Thomson-Reuters), updated annually.

Professor Jacobson is frequently quoted in the media on political and legal topics, has authored many Op-Eds in major publications, and appears on television and radio to discuss politics and the law.

A more complete listing of Professor Jacobson's professional background is available at the Cornell Law School website. The views expressed here are his own and not those of any employer or organization,

The best way to reach Prof. Jacobson is by e-mail here.

China Housing Market Bubble Start to Pop as Economy Faces Hard-Landing:
China's property bubble has already started to burst as the country struggles to avoid a hard-landing after the housing market became overheated with soaring prices. China's commercial and residential property sectors are not doing well, especially in the city of Hangzho, which has "become the symbol of a market in distress", according to Forbes. The world's largest retailer, Wal-Mart, is closing its Zhaohui store in Hangzhou on April 23 as a part of its overall plan to dump unprofitable locations. The sale of the large store comes as the city has too much supply of commercial properties, according to Forbes. Hangzhou's Grade A office buildings at the end of 2013 had an average occupancy rate of 30%, according to real estate broker Jones Lang LaSalle. In Hangzhou's residential sector, occupancy is weak and prices are declining due to massive overbuilding.
All of this was predicted here, back in 2012 when Elizabeth Warren insisted that we needed to be more like China. And I said, Elizabeth Warren apparently never heard of the Chinese bubble and Stimulus:

From Phil: My wife got this picture yesterday just outside the Independence Mall in Kingston, Ma. ...

Journalist market bubble already showing signs of bursting?...

It's been a while since we've focused on the Texas Governor race between Wendy Davis and Greg Abbott. Davis' now-infamous fudging of her personal narrative and Gumby-like political posturing stopped whatever momentum she might have had in its tracks: Polling by major firms has shown Abbott with a double digit lead, compared to Abbott's single digit lead last summer and early fall. PPP just released a poll consistent with the other polling:
PPP's newest Texas poll finds Republicans leading by double digits in all of the state's major races for 2014. In the Governor's race Greg Abbott's at 51% to 37% for Wendy Davis. Those numbers are largely unchanged from our last poll of the state in early November when Abbott had a 50/35 advantage. Davis had a 39/29 favorability rating right after her famous filibuster last June, but since then voters in the state have mostly moved toward having negative opinions about her and now she's at a 33/47 spread. Davis' name recognition is actually 12 points higher than Abbott's, but his reviews break down favorably with 40% having a positive view of him to 27% with a negative one.
As Logan Churchwell points out at Breitbart.com, Davis even is losing among female voters, 49-41 percent.  PPP Texas Governor Poll April 2014 by Gender Here are some PPP internals that Davis has a net negative favorability with women, in comparison to Abbott who has net positive favorability:

Mary Landrieu's Fake, Fake Fake Fake ad...

Max Blumenthal is experiencing what goes around coming around. Having blamed various critics of radical Islam as well as international Zionism for the 2011 mass murder in Norway, unfairly, Blumenthal now is in focus because the Overland Park shooter was a big fan of Blumenthal's Jewish money and Israel Lobby conspiracy theories.  The shooter was a Neo-Nazi and KKK leader for whom Jewish control of the media and international money was a core belief motivating hatred of Jews.  That's a shared space for anti-Zionists of multiple political ideologies and religions. Specifically, the shooter focused on Blumenthal's theory that Jewish campaign donors were trying to buy the 2012 U.S. presidential election for Bibi Netanyahu, as expressed by Blumenthal in a lengthy article and a Russia Today television interview, to which the shooter linked.  It's ugly stuff, but the type of ugly stuff for which Blumenthal has become known. I've been less harsh on Blumenthal than others, The Overland Park murders, anti-Zionist conspiracy theories, and the blame game:
Assuming Cross [aka Glenn Miller] linked to Blumenthal’s conspiracy theories about the 2012 election, would that mean Blumenthal is responsible for the Overland Park shooting? Absolutely not. Is the intersection between neo-Nazi and anti-Zionist conspiracy theories worthy of examination? Absolutely. We have seen in Europe in particular how anti-Semitism and anti-Zionism go hand-in-hand, often based on conspiracy theories about Jewish and Israeli influence. [image omitted] Those types of consipiracy theories regarding the alleged manipulations of Jewish money and interests are as old as hate itself. That is a fair subject of discussion. I wonder if the mainstream media will go there, as it did in the Norway shooting.
Others are more direct in drawing the connection between the shooter's adoration of Blumenthal's anti-Zionist conspiracy theories and the shooting, in part perhaps because Blumenthal tried to lay blame on some of  them for the Norway shooting (Pipes, Geller):

By the time you read this, I'll be deep into the first Passover seder, wondering when we're finally going to get to eat thinking about the meaning of the Exodus from Egypt:
For not just one alone has risen against us to destroy us, but in every generation they rise against us to destroy us; and the Holy One, blessed be He, saves us from their hand!
These quotes are getting to be a tradition:
Short all-purpose "Jewish History in One Sentence":
“Quick synopsis of every Jewish holiday: They tried to kill us; we won; let’s eat.”
Particularly timely now, Passover Is No Time To Wish For The End Of Christian America:
Nothing has changed in thousands of years. They still rise up in every generation to destroy us, but this time the names are not Haman or Adolf, but Mahmoud and Osama. And on this earth, it will be Christian Americans almost alone who will stand with us. I’m reminded of the bumper sticker from the 1960′s: “If you hate cops, next time you are in trouble call a hippie. ” Jews, of all people, should not wish too hard for The End of Christian America. There is no one else to call. So particularly at this Passover time, we should not wish too hard for the End of Christian America. We might just get it.
This seems unfortunately timely: Does it get any better than this?

Stanley Cohen is an activist lawyer most identified with Hamas and other anti-Israeli causes and groups. Late last month The Jewish Daily Forward had an extensive article about Cohen's political journey to anti-Zionism, including representation of Hamas and Osama bin Laden's son-in-law, who was convicted last month. It appears from the timing that Cohen's plea deal was timed to allow him to finish the al-Qaeda trial: Cohen was indicted in August 2012 in the Northern District of New York on a variety of tax-related charges.  The Indictment is embedded at the bottom of this post, but the gist of the claims is that he ran his law practice off the books, including receiving and paying for services in cash without reporting, and failing to make tax filings and reporting for many years. When indicted, Cohen was defiant, claiming it was a political prosecution:
.... I am an advocate for many people the government would like to silence or put in jail: Palestinian freedom fighters, Muslim preachers, North American natives living on Indian reservations, marijuana dealers, anti-war protestors, radical squatters, the homeless, "hacktivists", anti-Zionists and everyone in between. I live my ideology in the job I do, and I try to be aggressive in vindicating the rights of clients. I have challenged the state at every opportunity. I'll keep doing this in the Lower East Side, in Washington, DC, in the International Criminal Court in the Hague, in Israel and in the West Bank and Gaza. It is my passion....
Yesterday Cohen released a statement via Twitter to supporters that he would be pleading guilty today.   Once again, Cohen maintained the prosecution was political.  The statement reads in part:

TaxProf has released the rankings of blogs run by law professors, for the 12 months ending December 31, 2013. Go to Law Prof Blog Traffic Rankings for the full list, including percentage changes from the prior year.  The Top 15 are in the featured image. Plus College Insurrection comes...

When these types of shootings take place, initial news reports often are inaccurate, so caution is urged. . Kansas City News41 identifies the following person as having been taken into custody, and says at least 3 people dead:
Three people are dead following multiple shootings reported at the Jewish Community Center in Overland Park and Village Shalom. Overland Park Police confirm multiple shots were fired at the center, which is located at 5801 W 115th St. and Village Shalom, a retirement home located at 5500 W. 123rd. Both areas are currently on lockdown. Police took one man into custody at the Valley Park Elementary at 123rd and Nall. The man was heard yelling "heil Hitler" as he was taken into custody. A 41 Action News photographer on the scene spoke with a man who says another man pointed a gun at him and shot the windows out of his car. That person was not injured.
Alleged Shooter Overland Park KS Jewish Center

We have featured Tulane University student Chloé Simone Valdary before. We highlighted a great video Valdary produced for a pro-Israel event to be held at Tulane. For that effort, Valdary was attacked by the usual suspects like Max Blumenthal, as being an Israel Lobby paid stooge. As Lori Lowenthal Marcus reports, the event Valdaray promoted took place with great success in late March, attended by over 400 pro-Israel students. But there has been a more sinister angle to the attacks on Valdary, as we highlighted in out post about The ugly, repugnant attack on a pro-Israel black American student, including a series of nasty racialized tweets by Richard Silverstein, like this one: https://twitter.com/richards1052/status/437086594546536448 Is race behind the attacks on Valdary? Yes, says an op-ed column in The NY Post by Anthony Hardy Williams, the Democratic whip in the Pennsylvania state Senate, whose father worked with Dr. Martin Luther King, Jr. and broke the color barrier at Penn State, The racism of the Israel-bashers:

From Andrew: This guy built himself a chimney exhaust to make the point. I took it in Charleston, South Carolina at some point the week of March 3rd. ...

Oh, they thought they had Fox News right where they wanted it.  The proof they'd been waiting for that Fox News was racist. Heather Childers on Fox & Friends First mistakenly referred to U. Conn. as the NAACP champs rather than NCAA champs. There was pure joy in Mudville.  As of this writing, this TPM video has over 800,000 views: The Raw Story headlined it as "A Freudian Slip?" (emphasis in original):
The National Association for the Advancement of Colored People — or NAACP — is a civil rights organization focusing on equality for African-Americans and other minorities. At least 10 of the 15 players on the winning UConn team were African-Americans.
The never subtle Gawker proclaimed it outright racism: