Wall St. Journal:  “Lawyers for years have added language to some contracts that stretches beyond the Earth’s atmosphere. But more and more people are encountering such everywhere-and-forever language as entertainment companies tap into amateur talent and try to anticipate every possible future stream of revenue.   Experts in contract drafting say lawyers are trying to ensure that with the proliferation of new outlets — including mobile-phone screens, Twitter, online video sites and the like — they cover all possible venues from which their clients can derive income, even those in outer space.”

Wall St. Journal:  “Last week’s announcement that ‘Pay Czar’ Kenneth Feinberg slashed compensation for executives at seven large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled economists. Will this government-mandated pay cut drive the most talented professionals away from these companies, endangering their recovery? Does it augur further politicization of economic decisions?”

Lost in the arguments over economics and political theory, however, is a more basic question: Was this action constitutional?