In 1992, justices of the Rhode Island Supreme Court declared unanimously that prior to the Ethics Commission, “widespread breaches of trust, cronyism, impropriety and other violations of ethical tandards decimated the public’s trust in government.” The 1986 Constitutional Convention passed an extraordinary Ethics in Government Amendment, and the people approved.
Do investors suffer from behavioral biases? New research demonstrates that they do: They think that a crash is far more likely than it actually is. After you read the newspaper, you might well overreact to bad news about the market -- and lose money as a result.
We all learned in school that our system of government involves three separate branches - the legislative, executive and judicial - each with the ability to keep the others from becoming too powerful or exceeding their authority.