The Worden Report
Saturday, January 24, 2015

Standard & Poors: Internal Controls Enabling a Conflict of Interest

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After the financial crisis of 2008, rating agencies reassured the public that additional “internal safeguards” would prevent the sort of ov...
Friday, January 23, 2015

Deficiencies in the E.U. Capital Markets: A Silver Lining

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Even six years after the financial crisis of 2008, the limited scale  of  the E.U.’s capital markets relative to their American counterpart...
Wednesday, January 21, 2015

Police Snatching Property: A Conflict of Interest While American Federalism Sleeps

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The U.S. Justice Department halted its adopted-forfeitures program in early 2015 out of a sense that state and local law-enforcement agenci...
Monday, January 19, 2015

The Imitation Game: Machines Imitating Man?

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What does it mean to understand something? Put another way, what counts as understanding? The film, The Imitation Game (2014), touches on t...
Sunday, January 18, 2015

Behind the Lower 2014 U.S. Federal Budget Deficit: A New Default

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The U.S. Government’s fiscal deficit of $483 billion for fiscal-year 2014 is the lowest since 2007. [1] At a preliminary 3% of GDP, that d...

Relaxing State Deficit Restrictions: Power-Grab by the European Commission

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As the World Bank came out with its revised prediction of 1.1 percent economic growth for the E.U. (“eurozone”) in 2015, down from the earl...

Oil Supply: Problem or Panacea?

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Between June 2014 and January 14, 2015, crude oil prices fell by 57 percent. Between November 1985 and March 1986, the prices had fallen by...
Friday, January 16, 2015

God Versus Physics: Is Creation Behind the Big Bang?

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In his doctoral dissertation, Steven Hawkins demonstrates that the universe could have begun spontaneously. That is to say, the big bang co...
Thursday, January 15, 2015

Religion and Violence: On the Power of Self-Idolatry

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Religion and power make awkward bed-fellows. Speaking in January 2015 on religious fundamentalism, Pope Francis suggested that violence bel...

On a Central Federal Policy in Education in the U.S.: Implications for American Federalism

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In a speech in January 2015, U.S. Education Secretary Arne Duncan urged a continued central role for the federal government in education po...

Fiscal Responsibility in Alaska: On the Challenge of Falling Oil-Tax Revenue

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With West Texas Intermediate (WTI), the U.S. benchmark oil price, at $46.07 on January 12, 2015, lawmakers in Alaska were getting nervous b...
Monday, January 12, 2015

Stockholder Activism at DuPont: A Conflict of Interest for Management

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In American corporate governance law, the business judgment rule gives management expertise the benefit of the doubt over stockholder propo...

Is Dark Trading Ethical?

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“Dark trading” has a subterranean connotation, as if it were done by slithering snakes in the river Styx. In actuality, the term refers to ...
Thursday, January 8, 2015

Divestment as a Carbon-Reduction Strategy

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As gas prices were dropping during the fall of 2014 throughout the U.S., sales of SUVs were picking up. That such drivers might find themse...

Amtrak: Running on Empty

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Letting Amtrak expire in the U.S. in favor of encouraging other companies to pick up new high-speed routes is, I submit, in America’s inter...
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