Today’s Ethics Quiz: How Do You React To Congressional Insider Trading?

 

Gekko for Congress. He has what It takes...Insider trading experience!

An  study in the journal Business and Politics last week reported that the investments of members of the House of Representatives outperformed those of the average investor by 55 basis points per month, or 6 percent annually. It concluded that lawmakers are taking advantage of inside information to make significant profits, engaging in conduct that would send a Gordon Gekko or Martha Stewart to jail.

“We find strong evidence that members of the House have some type of non-public information which they use for personal gain,” the four researchers who authored  “Abnormal Returns From the Common Stock Investments of Members of the U.S. House of Representatives” wrote. Continue reading

Setting the Fairness Alarm For Congressman Weiner

Set alarm to "Unfair".

Rep. Anthony Weiner (D-NY) is embroiled in a strange and distasteful controversy arising from the receipt by a young woman of a tweet from Weiner’s Twitter account including a photograph of a man’s provocatively bulging underwear–with both the garment and the bulge-producing contents allegedly belonging to the Representative.  Such situations require the media, the public, political allies and foes alike to set their ethics alarms to “Fairness,” because being unfair is so easy and seductive.  If your ethics alarms are properly calibrated, here is what should feel fair and unfair to Congressman Weiner.

Unfair: Assuming he sent the photo. He is a Congressman, an elected representative of the nation’s legislature. Just because other Congressmen (now ex-Congressmen) have, within memory, sent shirtless photos of themselves over the internet to troll for sex and giddily described having “tickle fights” with staff members does not have any probative value regarding what Rep. is or is not capable of doing. He claims his account was hacked as a prank. He deserves the benefit of the doubt until there are legitimate reasons to question his credibility on this issue. Even then, I think we owe it to him and our faith in democracy to begin with the assumption that a member of the U.S. House of Representatives couldn’t possibly be so crude, irresponsible and stupid as to send a photo of his crotch to a young woman. Continue reading

Comment of the Day: “Two Mothers, Young Love and Deception”

Lianne Best, who writes a weekly newspaper column about the challenges of a working wife and mother, weighs in with the alternative point of view regarding my post about a friend’s handling of her daughter’s boyfriend’s deception. I was afraid someone was going to write this, because I find the argument persuasive and it makes me doubt the wisdom of my advice. Still, I think I support my friend’s decision not to blow the whistle on the boyfriend, primarily because he’s 17, not 15. By 17, a child is engaged in an ongoing controversy about autonomy, trust and boundaries; the boyfriend is accountable for defying his mother, but it is his life and I would grant him the right to make his own mistakes, if mistakes they are, without my active interference. Lianne is persuasive, however…and she has a teenage daughter and son of her own:

“I like the advice … but because the horse has already left the barn far behind.

“I am actually pretty horrified that Julia is actively participating in and abetting the subterfuge. Even if she doesn’t agree with Ishmael’s mother’s rules (and let’s note they could be his father’s rules too; and maybe his church’s rules, and his culture’s rules), that doesn’t mean she should be actively plotting to subvert them.

“In this instance were it my own daughter, I would NOT take the decisive action of contacting Ishmael’s mother, but NEITHER would I allow him to spend the night there, and help my daughter make up stories and situations to enable the relationship. She’s happy? Please. Teenage female happiness is tenuous and temporary at best. (Has anyone on here LIVED with a 16-year-old girl??) It’s one year, probably less, until Ishmael is 18. So much can (and will) change in that year! Until then, group get-togethers (movie dates and parties) should be fine. Continue reading

The Death of Raymond Zack: No Heroes, Only Bystanders

50-year-old Raymond Zack waded into the surf on an Alameda, California beach and stood calmly in the 54-degree water, apparently waiting to die. His suicide took nearly an hour, but eventually he drowned, with no rescue attempts from any of the 75 San Franciscans who gathered on the shore to watch the entire tragedy.

Why didn’t anyone try to rescue the man?

Apparently it was because nobody was paid to do it. You see, stopping Zack from killing himself wasn’t anyone’s job.

The media’s focus in reporting yet another disturbing incident with echoes of the murder of Kitty Genovese has been exclusively on the inert Alameda police and firemen who witnessed Zack’s suicide. “Fire crews and police could only watch,” wrote the Associate Press.

What does the AP mean, “they could only watch”?  Were they shackled? Held at gunpoint? Were all of them unable to swim? They didn’t have to watch and do nothing, they chose to watch and do nothing, just like every one of the bystanders who weren’t police or firemen chose to be passive and apathetic when saving a life required action and risk. Continue reading

Ethics Challenge: Two Mothers, Young Love and Deception

A good friend—call her Julia— with a teenage daughter (she’s 16) recently  asked me for help with an ethical dilemma.

Julia’s daughter is quiet, seemingly conservative, and socially restrained. She has never had a boyfriend, and has been on few dates, until now. She has been seeing a young man—call him Ishmael— her own age (well, he’s 17) who seems to match her to perfection in every respect. He’s sensitive, polite, and witty,  and on top of everything, he’s really cute, the object of every one of her friends’ and rivals’ awe.

Of course, there is a problem. Ishmael’s mother is fanatically protective: he is not supposed to date until he is 18, and has to check in with her every hour when he is out of the house. The relationship with my friend’s daughter only exists through an elaborate subterfuge, involving complicit friends and relayed phone messages. Once, in order to facilitate a special date to go to a concert, Julia allowed the boy to sleep overnight (in the guest room), when he was supposedly staying a male friend’s house.

My friend wanted to know if she should tell the boy’s mother about his web of lies. A parent has a right to have his or her own rules respected, and not undermined by other parents. The Golden Rule, applied to Ishmael’s mother, yields a demand that she be told; Julia would want to be told if her child was systematically defying her.

On the other hand, she firmly believes that the mother’s restriction on her son are excessive, and she has never known her daughter to be so happy.  She is worried that informing the mother will cause a serious rift with her daughter, and perhaps worse. “What is the ethical course?” she asked me. “What should I do?” Continue reading