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    <title>ProfessorBainbridge.com</title>
    
    
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    <id>tag:typepad.com,2003:weblog-1863427</id>
    <updated>2012-06-02T21:26:12-07:00</updated>
    <subtitle>Stephen Bainbridge's Journal of Law, Politics, and Culture</subtitle>
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        <title>Robert Mondavi Cabernet Sauvignon Reserve (Napa Valley) 1995</title>
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        <id>tag:typepad.com,2003:post-6a00e550197897883401676706d849970b</id>
        <published>2012-06-02T21:26:12-07:00</published>
        <updated>2012-06-02T21:26:12-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Wine" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">A deep ruby, with a hint of brick at the rim. It had thrown a substantial amount of sediment and required careful decanting. A lovely mature Cabernet. Classic Napa dark fruit: cassis, blackberry,...&lt;br/&gt;
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    <entry>
        <title>A non-traditional three meat slow cooker quasi-bolognese sauce</title>
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        <id>tag:typepad.com,2003:post-6a00e550197897883401676700c1c9970b</id>
        <published>2012-06-01T21:30:02-07:00</published>
        <updated>2012-06-01T22:08:14-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Recipes" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="The Good Life" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">I was in the mood for a sauce that was more meaty than tomato-ish, so I started with a couple of trusted bolognese sauce recipes and modified like crazy. Pour 1 14.5 oz. can diced tomatoes with their...&lt;br/&gt;
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    <entry>
        <title>Azienda Agraria Lisini Brunello di Montalcino (Italy) 2001</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ec021524970c</id>
        <published>2012-06-01T19:55:30-07:00</published>
        <updated>2012-06-01T19:55:30-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Wine" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Ruby shading into reddish-brown at the rim. Substantial sediment. Required careful decanting. Huge bouquet of sweet red fruits. On the palate, flavor associations include red cherry, raspberry,...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/06/azienda-agraria-lisini-brunello-di-montalcino-italy-2001.html</feedburner:origLink></entry>
    <entry>
        <title>The most cited law review articles and yours truly</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340163060a6ced970d</id>
        <published>2012-06-01T11:53:13-07:00</published>
        <updated>2012-06-02T16:17:28-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Dept of Self-Promotion" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Law School" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Fred Shapiro has published an update of his famous articles "setting forth lists of the most-cited law review articles." Table I is the ranking of the top 100 most-cited articles of all time. Be-...&lt;br/&gt;
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    <entry>
        <title>Jerry Brown makes me nervous</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebff759b970c</id>
        <published>2012-06-01T10:42:25-07:00</published>
        <updated>2012-06-01T10:42:25-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Old time faculty who remember UC during Jerry Brown’s earlier terms as governor will get nervous when he talks about “psychic income.” Jerry Brown on pay cut: 'I derive a lot of psychic income' via...&lt;br/&gt;
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    <entry>
        <title>Starter Wine Cellars for New Facebook Millionaires </title>
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        <id>tag:typepad.com,2003:post-6a00e550197897883401630602194d970d</id>
        <published>2012-05-31T09:14:40-07:00</published>
        <updated>2012-05-31T09:14:40-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">I'm going to tell you how to buy yourself a cellar's worth of fabulous wine. I'll leave it to you whether you want to store it somewhere offsite, or pay someone to design you a super-fancy cellar in...&lt;br/&gt;
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&lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=EgJi8odo40I:fmAImcLYSas:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=EgJi8odo40I:fmAImcLYSas:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?i=EgJi8odo40I:fmAImcLYSas:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=EgJi8odo40I:fmAImcLYSas:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=EgJi8odo40I:fmAImcLYSas:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?i=EgJi8odo40I:fmAImcLYSas:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=EgJi8odo40I:fmAImcLYSas:1hRw86HB-mA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=1hRw86HB-mA" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/EgJi8odo40I" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/starter-wine-cellars-for-new-facebook-millionaires.html</feedburner:origLink></entry>
    <entry>
        <title>The SEC is (finally) going after lawyers</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/4Op-vbXyE8s/the-sec-is-finally-going-after-lawyers.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-sec-is-finally-going-after-lawyers.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebf1cb76970c</id>
        <published>2012-05-30T23:09:00-07:00</published>
        <updated>2012-05-30T23:09:00-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Lawyers" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Securities Regulation" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Broc Romanek reports that: In the "Cady Bar the Door" Blog, David Smyth notes recent examples of SEC's Enforcement going after lawyers - just as Director Rob Khuzami promised in a speech last June...&lt;br/&gt;
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&lt;a href="http://feedads.g.doubleclick.net/~a/9i2ukaEwuNzbpbSL-HtRbGuaKkE/1/da"&gt;&lt;img src="http://feedads.g.doubleclick.net/~a/9i2ukaEwuNzbpbSL-HtRbGuaKkE/1/di" border="0" ismap="true"&gt;&lt;/img&gt;&lt;/a&gt;&lt;/p&gt;&lt;div class="feedflare"&gt;
&lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=4Op-vbXyE8s:WYjdh_4wcaY:yIl2AUoC8zA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=yIl2AUoC8zA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=4Op-vbXyE8s:WYjdh_4wcaY:V_sGLiPBpWU"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?i=4Op-vbXyE8s:WYjdh_4wcaY:V_sGLiPBpWU" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=4Op-vbXyE8s:WYjdh_4wcaY:7Q72WNTAKBA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=7Q72WNTAKBA" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=4Op-vbXyE8s:WYjdh_4wcaY:F7zBnMyn0Lo"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?i=4Op-vbXyE8s:WYjdh_4wcaY:F7zBnMyn0Lo" border="0"&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?a=4Op-vbXyE8s:WYjdh_4wcaY:1hRw86HB-mA"&gt;&lt;img src="http://feeds.feedburner.com/~ff/professorbainbridge/sheN?d=1hRw86HB-mA" border="0"&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/4Op-vbXyE8s" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-sec-is-finally-going-after-lawyers.html</feedburner:origLink></entry>
    <entry>
        <title>10 Things about Barack Obama-updated</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/WjUV56HDej0/10-things-about-barack-obama.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/10-things-about-barack-obama.html" thr:count="6" thr:updated="2012-05-31T20:14:48-07:00" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016766f0438e970b</id>
        <published>2012-05-30T23:02:00-07:00</published>
        <updated>2012-05-31T09:07:32-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Current Affairs" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">When I read the news these days, I am constantly dumbfounded by how petty and stupid our politics have become. Here, for example, are 10 things about Barack Obama that seem to get some folks on my...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/WjUV56HDej0" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/10-things-about-barack-obama.html</feedburner:origLink></entry>
    <entry>
        <title>What does Facebook's post-IPO performance tell us about SecondMarket and its ilk?</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/5eW0XFGaDQ8/what-does-facebooks-post-ipo-performance-tell-us-about-secondmarket-and-its-ilk.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/what-does-facebooks-post-ipo-performance-tell-us-about-secondmarket-and-its-ilk.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016305fd3be9970d</id>
        <published>2012-05-30T15:58:40-07:00</published>
        <updated>2012-05-30T15:58:40-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="The Stock Market" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">A provocative chart.&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/5eW0XFGaDQ8" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/what-does-facebooks-post-ipo-performance-tell-us-about-secondmarket-and-its-ilk.html</feedburner:origLink></entry>
    <entry>
        <title>A prediction about the law teaching job market for 2012-13</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/jpPmCPjwXpw/a-prediction-about-the-law-teaching-job-market-for-2012-13.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/a-prediction-about-the-law-teaching-job-market-for-2012-13.html" thr:count="1" thr:updated="2012-05-30T13:47:28-07:00" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016766f049c4970b</id>
        <published>2012-05-30T13:07:45-07:00</published>
        <updated>2012-05-30T13:07:45-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">The significant downturn in applications to law school is going to put significant financial pressure on 50-75% of all law schools in the country, and one way many schools will respond is by doing...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/jpPmCPjwXpw" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/a-prediction-about-the-law-teaching-job-market-for-2012-13.html</feedburner:origLink></entry>
    <entry>
        <title>I wonder what Instagram shareholders are thinking?</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/64EviAXVhb0/i-wonder-what-instagram-shareholders-are-thinking.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/i-wonder-what-instagram-shareholders-are-thinking.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016766f01c7c970b</id>
        <published>2012-05-30T12:31:34-07:00</published>
        <updated>2012-05-30T12:31:34-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Mergers and Takeovers" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Remember just last month when Facebook bought Instagram for $1 billion, "agreeing to pay roughly 30 percent in cash and 70 percent in stock, according to people briefed on the negotiations .... At...&lt;br/&gt;
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    <entry>
        <title>More on elements of value arising from the accomplishment or expectation of the merger</title>
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        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/more-on-elements-of-value-arising-from-the-accomplishment-or-expectation-of-the-merger.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebeaa8c2970c</id>
        <published>2012-05-29T09:32:22-07:00</published>
        <updated>2012-05-29T09:32:22-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Steve Bainbridge was a good sport, as usual, and shared with me his recent comments on DGCL § 262(h)’s exclusion of value arising from the accomplishment or expectation of the merger. I sent him a...&lt;br/&gt;
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