Water and People Conference

2880829064_eae0f10628On Friday, February 26, 2010, Marquette University Law School (MULS) will hold its annual Public Service Conference at the Alumni Memorial Union on the Marquette University campus on the increasingly important topic of water law.  The conference, entitled “Water and People,” will address water issues in Wisconsin (as well as nationally and internationally), development and the environment, regulation, and water ethics.  Statewide leaders from business, government, and non-profit served on a steering committee that worked with Assistant Dean for Public Service, Dan Idzikowski, and myself (I coordinate the MULS water law program) to plan the conference.  Based on the group’s efforts, experts from Wisconsin, around the United States, and from Canada will gather to talk about some of the most important topics in the field of water law.  The conference will also feature a keynote address by Cameron Davis, senior advisor to the United States EPA Administrator for Great Lakes Restoration.  You can learn more about the conference and register for the conference at http://law.marquette.edu/cgi-bin/site.pl?2130&pageID=4303.

While no blog post can truly capture all that this conference will entail, here is a preview of the panels and topics.

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Contract Rights Under Assault

Barack_Obama_pledges_help_for_small_businesses_3-16-09In 1789, as the inchoate American government was climbing out of the mountainous debt left over from the Revolutionary War, a thorny political problem emerged.  While most of the chattering class was consumed with the debate over whether the states’ war debt should be federalized, another far more visceral controversy arose.  Because the Continental Congress lacked funds during the war, the Revolution was funded partly by wealthy private citizens who invested in bonds.  As a result of the lack of governmental money, many American soldiers were given worthless IOUs at the end of the war, as states scampered for a way to give the patriots their back pay.  Many of these soldiers panicked, and sold their IOUs to speculators for as little as fifteen cents on the dollar.  The problem was, once the federal government began repaying the debt, the value of the bonds soared.  So who should get the money: the patriots who fought bravely for their country and only sold the IOUs because of fear they would get nothing from their government, or the speculators?

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A Decade-Old Statute Pays Dividends for REIT Investors and Their Attorneys

Perhaps real estate investors and their attorneys have reason to be cautiously optimistic: economic reports released this week indicate signs of life in the real estate market.  As reported by the Associated Press, the National Association of Realtors saw increases in pending home sales for the ninth straight month.  And for the first time in six months, construction spending saw an increase.  Optimists say these numbers, in conjunction with recent reports that home prices are climbing, indicate long-term recovery for both the residential and commercial real estate sectors.

Yet many analysts argue that these spikes are temporary.  The growth in construction spending amounted to a measly 0.04%, and the rise in pending sales contracts over the last nine months is attributable to the homebuyer tax credit, which the Obama Administration and Congress recently extended.

I suppose time will tell which analysis is correct.  But while commentators continue to debate, real estate investors have shifted their focus from traditional residential and commercial endeavors to a sector less affected by the downturn: healthcare properties.

Continue ReadingA Decade-Old Statute Pays Dividends for REIT Investors and Their Attorneys