Snippets...

Welcome to Snippets, Blawgconomics' semi-regular attempt at covering a lot of topics in a little time. Some would call this lazy; economists prefer the term 'efficient.'

- In a widely anticipated ruling, the Supreme Court held yesterday that each NFL team is a separate entity for intellectual property purposes. In other words, the league does not have antitrust protection the way that Major League Baseball has. The decision can be found here.

- Due to stimulus dollars, unemployment benefits and retirement income, the proportion of income Americans receive from private business shrunk to its lowest ever level during the first quarter.

- North Korea displayed what is merely the latest example of its penchant for irony as it cut off all ties with its southern neighbor.

- Reuters has some interesting thoughts on the worst-case scenario for the US if the Greek debt crisis were to have a lasting trickle-down effect on trade and/or consumer spending.

- Meanwhile, Reuters plays its own game of point/counterpoint with Treasury Secretary Geitner's claims that America is well equipped to handle the worst Europe can throw at it.

- In perhaps related stories, gold has been spiking and oil has been falling recently in global trading.

- Though few would argue that BP has done a great job of dealing with its issues in the Gulf, some in the legal and business communities might take exception to the idea that jail should be the ultimate destination for company executives. Then again...

- Finally, I am not sure of any relation or lack thereof, but loyal readers can be certain to see a mention of it anytime there is a Sturtevant in the White House...