A television station aired a broadcast containing insulting remarks about a local official. The official had the broadcaster arrested and charged under a state statute that prohibited making defamatory statements on public officials. The broadcaster argued that the statute was in conflict with the U. S. Constitution's guaranty of free speech. The public official countered that the statute was legal and enforceable. Requried:
a. Can states enact laws that limit free speech?
b. If so, in what situations would they be allowed to do so?
c. Can a state statute be in conflict with the U. S. Constitution?
d. Does the official have a case for slander, libel, and or defamation of character? Why or why not on each count?

How did lani lazzari show her investors she was a good investment? (site 1)

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?