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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.

The latest development. https://twitter.com/ChadPergram/status/385042956857511936 https://twitter.com/rickklein/status/385043012147216384 https://twitter.com/rickklein/status/385043509516197890 I think negotiating with empty chairs will be a good thing. Reid and Obama are riding high, convinced the media will convey their messaging. There's reason for them to think that: ...

Pride goes before destruction, and a haughty spirit before a fall. Proverbs 16:18 There will be no Continuing Resolution tonight. There will be a partial shutdown of non-essential services. All because Democrats refused to have Congress treated like ordinary citizens as to Obamacare exchange subsidies,...

Current status a/o 10:15 p.m. Eastern -- House passed two amendments, Senate then rejected. Looks like no more House votes tonight. House will simply request a conference with the Senate tomorrow. So Harry Reid gets his "shutdown." https://twitter.com/robertcostaNRO/status/384865087409754112 https://twitter.com/ChadPergram/status/384863087586603008 https://twitter.com/robertcostaNRO/status/384864630440337408 You can watch House floor here and here (will embed when House comes back in session). UPDATE -- Senate quickly rejected House Amendments, thereby voting to preserve Congressional special privileges and unequal treatment of individuals.  Looks like the likely House response will be limited specific "clean" funding similar to what was done with military pay.  Make Democrats in Senate vote against funding Veterans Department, etc. Senate Final Vote Rejecting House Amendments 9-30-2013

Coming up at 4:45 p.m. Any guesses? [live feed over now][transcript here] Obama Press Statement Shutdown Basically what was expected.  The 2012 election was about Obamacare, he won, we lost, it's done, move on.  The election was about Obamacare?  Actually, it was about everything except Obamacare: Tweet - Legal Insurrection - Obama speech election about Obamacare Update: This National Review post lists all the things that do not get shut, and it's quite a long list, Not Actually a Shutdown.

Another really busy weekend. Preparing to #BlameHarryReid. “Why you should read College Insurrection” week 12-year old RI student suspended for small keychain “gun” CBS News buries poll result showing Tea Party support rising Dear Hamilton College Bd. of Trustees, maybe your Diversity Industry is making race relations worse Annoying Sitemeter Pop-up...

For a government shutdown if it happens. The U.S. Senate is dysfunctional because of Harry Reid. No budget. No votes on most House legislation. No nothing except his way or the highway. We're seeing it again in the Continuing Resolution and Debt Ceiling battles.  Because Reid has shut down and shut out Republican voices, the only way to raise budget issues is using Continuing Resolution and Debt Ceiling deadlines -- a necessity in Harry Reid's Senate not the choice Republicans wanted. The poisoning of our politics by Reid did not start with the latest battles, it has been his methodology for years. You will not hear this narrative in the mainstream media. So on this day of all days, Tweet out #BlameHarryReid. (You can tweet this post, or use the Tweet broadcast function at the top of the sidebar which will be active for a few hours.) (added) As of 12:41 a.m., the hashtag #BlameHarryReid was still rising (Twitter feed added to bottom of post): Topsy BlameHarryReid 9-30-2013 1241 pm Twitchy if tracking the action, #BlameHarryReid: Looming shutdown? Citizens to Sen. Reid: Own it. Thanks for making this a Topsy Top 1k post (a/o 5:35 p.m.) Topsy - BlameHarryReid post 9-30-2013 Update: True to form, Politico via Drudge reports that Reid, who had the Senate take all of yesterday and this morning off, will not allow a vote on the House bill funding the government but removing the medical equipment tax: Drudge - Harry Reid to double down on shutdown

Should be interesting. There is such a thing as overplaying your hand. The conventional wisdom is that Republicans who have overplayed theirs. I'm not so sure. https://twitter.com/DavidMDrucker/status/384458323468513282 ...

From The NY Times, the media world has changed:
Ask conservatives what went wrong for them the last time the government shut down, and many of them will bring up the cover of The Daily News of New York from Nov. 16, 1995. Under the block-lettered headline “Cry Baby,” it showed a cartoon of Newt Gingrich, then speaker of the Republican-led House, in tears, clutching a bottle and wearing nothing but a cloth diaper. Back then, Rupert Murdoch’s Fox News Channel was a year from its debut, Andrew Breitbart was a lowly assistant at E! Online, and The Drudge Report was an obscure gossip and news digest sent by e-mail — to the lucky few who had e-mail. But today, a fervent group of conservatives — bloggers, pundits, activists and even members of Congress — is harnessing the power of the Internet, determined to tell the story of the current budget showdown on its terms.

 Newt Gingrich Cry Baby Daily News

That's true, but only to an extent.  The liberal mainstream media is not the only voice, but it's still the dominant voice.  What power it has lost has been filled by liberal non-mainstream internet media. It's why reporters can collude at a press conference just after four Americans were killed in Benghazi to make sure the appropriate "gotcha" question was asked not of the officials responsible for the safety of our personnel, but of ... Mitt Romney.

Twitter - Legal Insurrection - Romney Press Conf

With only a couple of exceptions, no mainstream media reporters were the least bit interested in the utter failure of the Obama administration from Obama on down to address the situation, or to demand an answer as to what Obama was doing that night.  Not the least bit of interest. Instead, we had two days of non-stop all-out Romney bashing from the media.  It was a circus that comes to town whenever an event threatens Obama and the Democrats.

I rise to stand in defense of my former home State of Rhode Island and Providence Plantations as the most corrupt state. From John: With apologies for the bad photography, I'm sending along the pic below that I recently snapped in Chicago. Close inspection will reveal that the...

The House of Representatives is voting late tonight on amendments to the Senate Continuing Resolution. Among the amendments being voted on are a one year delay in Obamacare, elimination of the medical device tax, and possibly a "clean" resolution to fund the military. [voting concluded] https://twitter.com/SpeakerBoehner/status/384171886436823040 https://twitter.com/LegInsurrection/status/384174495675584512 House passes repeal of Medical Device Tax 248-174 [caption id="attachment_66310" align="alignnone" width="513"](House Vote Amendment No. 1 Repealing Medical Device Tax) (House Vote Amendment No. 1 Repealing Medical Device Tax)[/caption] House passes Delay of Obamacare until January 1, 2015, 231-192 [caption id="attachment_66312" align="alignnone" width="508"](House Vote Amendment No. 2 Delaying Obamacare for One Year) (House Vote Amendment No. 2 Delaying Obamacare for One Year)[/caption]

Sitemeter is the free traffic meter I've been using since day one of the blog to keep track of visits and page views.  It's public, and linked at the bottom of the page in the footer. The reason I like Sitemeter is it's free.  And it's...