Take the money and stay: industrial location incentives and relational contracting

Article Abstract:

The ability of corporations to effect plant relocations despite receiving tax incentives and other financing from municipalities exposes a weakness in contract law that could be remedied under relational contract principles. A trial court in Michigan used promissory estoppel to enjoin General Motors from leaving Ypsilanti, but the appellate court reversed and other courts have adhered to contract principles that assume every bargain is discrete and independent. Placing contracts within the context of more complex, on-going relationships would incorporate the social costs involved with industrial relocations into contract law.

Social aspects, Cases, Contracts, Industrial locations, Industrial location, Industrial promotion

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The Unfunded Mandates Reform Act of 1995: where will the new federalism take environmental policy?

Article Abstract:

The Unfunded Mandates Reform Act of 1995 redefines the relationship between states and the federal government while reducing the likelihood of environmental regulations unless vital to public safety and health. The concept of unfunded mandates as the root of state, local and tribal governments' fiscal difficulties has overcome the support for environmental regulations. The implications of this Act may also spread to industry which is claiming unfair competition if unfunded mandates are still directed at industry and not at government businesses.

Economic aspects, Environmental aspects, Intergovernmental fiscal relations, Environmental policy, Environmental law, Unfunded mandates, states

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Toymakers Take Over Children's TV

Article Abstract:

Children's television is being programmed with commercials for toys. Action for Children's Television (ACT) has filed a complaint with the Federal Communications Commission (FCC) asking that program length commercials be regulated under FCC standards. The complaint has spurred some action, both at the FCC and network headquarters. Congress could also become involved in the issue.

Television advertising

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