Reuters - Video

EDITION: U.S. | U.K. | IN

Breakingviews

Breakingviews: Investment cost of free speech

Thursday, May 16, 2013 - 03:00

May 16 - Jeffrey Goldfarb talks to Reynolds Holding about how the First Amendment to the U.S. Constitution could start to affect the markets.

▲ Hide Transcript

View Transcript

The -- on a lot of things to fret about these days and don't wanna look at you wouldn't think would be the First Amendment of the constitution of the United States. But our own Reynolds holding thinks that's -- of the need to keep an eye on what's why are there a couple of -- out there I mean just to step back a little bit to the SEC underdog to frank we've made these two rules that companies had to disclose certain holdings in Africa and whether there -- -- and wacky little corner of what I did learn themselves. And companies don't like -- they think it's expensive and and there are also raising a very interesting -- -- argument they're saying it violates their right not to speak that they don't have to inject themselves into the controversy of warring factions in the Congo -- and is a component of of the First Amendment that we don't really think about how much your ability to speak but. -- -- not -- -- -- and on top of that we think of you know the -- jehovah's witness kids in 1943 now wanna I don't think about the save the pledge of acquaintance of the codes -- important you know you don't have to -- it violates your beliefs we think the first of the First Amendment is covering individual rights. Well that's really been expanded by particularly the Supreme Court in recent years saying. You know in the famous political contributions -- Citizens United I want to write that Skype a lot of free speech applies to corporations it's also sent the commercial speech is also pretty much on a pawn now. With political speech -- -- so that's given real after these arguments he's president of -- other cases right now so in addition to this. This complain about this little dot franc provision that they've for the free speech argument has been made in some other -- yes well last week -- the DC circuit said the company did not have to post. -- government written. Notice about one -- employees had in the workplace I mean this is really kind of -- -- now we haven't seen anything that would necessarily directly impact investors you're sort of taken the yard you're saying yeah this is a slippery -- -- -- sense I mean from the over the past fifty years it's. Clearly marched in one direction it's corporations have a very powerful. What argument now to say -- we don't have to say things we don't wanna -- in -- does that mean. Where does that end does that mean they don't have to report numbers quarterly revenues. Pretty hard to believe -- whereas a law stands now that's probably not you know that but there are other branch closures that we're thinking if companies are wanna keep things quiet as -- thing I mean if you're talking to government as opposed. Talk in the public you get a little bit less protection and that's still the law. But you know you look at the DC circuit you look at the Supreme Court and in the Supreme Court has done some pretty amazing things in terms of supporting him. Corporate cases and you can see where this thing could be going and if it does go to the extent that we're getting less disclosure. You know that's the last thing that investors really wanna hear are the financial price he'll believe it fair. We're giving you one more thing to worry about the First Amendment. We'll be back with more breaking -- tomorrow.

Breakingviews: Investment cost of free speech

Thursday, May 16, 2013 - 03:00

Top News »

Money »

S&P 500 to new record on improving economy S&P 500 to new record on improving economy

Fri, Aug 29, 2014 - (2:31)

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)