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http://www.nytimes.com/imagepages/2010/03/05/business/20100306_CHARTS_GRAPHIC.html?ref=economy March 5, 2010 After Jerky Swings, the Economy Begins to Look Nice and Boring By FLOYD NORRIS A DEEP recession and the credit crisis led to extraordinary falls in the American economy and perhaps even greater disruptions in financial markets. Now, both economic and market indicators have returned to what Warren G. Harding called "normalcy" when he was elected president in 1920, after the end of World War I and a subsequent recession. A lot of worry about the economy remains, and some economists are forecasting a double-dip recession, as occurred in the early 1980s, or a very slow recovery, as happened after the 1990-91 and 2001 recessions. But as the accompanying charts show, three disparate indicators - covering unemployment, corporate financial distress and stock market volatility - have gone from very high to a little below historical averages. Abby Joseph Cohen, the Goldman Sachs strategist, told a conference sponsored by George Washington University this week that lessened market volatility was one of the reassuring signs she saw. She was referring to the VIX index, which uses index options prices to show how much volatility traders expect. Another way to measure volatility is to look at the range of share prices. The chart here shows the differences between the highs and lows of the Standard & Poor's 500-stock index during three-month periods. There have been some sharp movements on a few days, but the high from December through February was just 10 percent higher than the low, the smallest range since the summer of 2007. Similarly, Challenger, Gray & Christmas, an outplacement firm, said that only 42,900 firings were announced in February, the lowest for any month since 2006. The chart shows three-month totals, which are down almost three-quarters from the highest levels last year. The data "offers more support to the notion that U.S. employers ha

# bloodied and confused, much as if they were small birds that had strayed into a badminton game." # On the economy: "By the fourth quarter [2008], the credit crisis, coupled with tumbling home and stock prices, had produced a paralyzing fear that engulfe

Of the 25 individuals who abused propofol, seven died as a result, including six who were residents [in anesthesiology training programs], according to the journal study. "A lot of people do it because it makes you completely blotto. It totally takes away all anxiety, all fear," Wischmeyer said. "It's incredibly relieving of pain, anxiety and stress. People do it to escape."

# Posted by tng - 2 days, 1 hour, 26 minutes ago Yawn, another lame ABA article. Those 4800 law students should count themselves lucky that they had a summer associate position and the potential for a job offer (not to forget the 2k a week in compensation)... because there were another approximately 30,000 law students who did not win the "summer associate lottery" and work for a firm and get paid. Those some odd 30,000 other law students had to scrambled, beg, and plea for whatever unpaid internship they could find and take on another…say 20k in debt so they could live this past summer. Practically all of those 30,000 law students never had a the hopeful chance that they would get some offer of employment for a job that actually will enable them to pay off those student loans and no live in debt slavery. No, those other 30,000 law students now get to start their 3rd year heavily in debt with practically zero job prospects when they graduate. Time for law students to look for non-legal jobs…they better cruise those undergraduate job fairs. Flag this comment # Posted by JN - 1 day, 18 hours, 10 minutes ago Once again, I hope the clients of these biglaw firms realize what their legal bills are paying for. Is it ridiculous to encourage people making 2000 per week to be able to afford their own lunch? C'mon. The fact that this business model didn't die long ago amazes me. Flag this comment # Posted by annie - 4 hours, 9 minutes ago I would take my summer associate job where I worked with seven seasoned attorneys for the summer with little perks - didn't expect them - and lots of work over these cushy summer internships. I learned a lot that summer and the next fall, they continued to send me work at law school at a pretty decent hourly wage. Anyway, my apparent lack of entitlement made it possible for me to find my own clients and open a little office when I was laid off my first law job. I now work for a small firm. And I enjoyed a nice pean

# Posted by tng - 2 days, 1 hour, 26 minutes ago Yawn, another lame ABA article. Those 4800 law students should count themselves lucky that they had a summer associate position and the potential for a job offer (not to forget the 2k a week in compensation)... because there were another approximately 30,000 law students who did not win the "summer associate lottery" and work for a firm and get paid. Those some odd 30,000 other law students had to scrambled, beg, and plea for whatever unpaid internship they could find and take on another…say 20k in debt so they could live this past summer. Practically all of those 30,000 law students never had a the hopeful chance that they would get some offer of employment for a job that actually will enable them to pay off those student loans and no live in debt slavery. No, those other 30,000 law students now get to start their 3rd year heavily in debt with practically zero job prospects when they graduate. Time for law students to look for non-legal jobs…they better cruise those undergraduate job fairs. Flag this comment # Posted by JN - 1 day, 18 hours, 10 minutes ago Once again, I hope the clients of these biglaw firms realize what their legal bills are paying for. Is it ridiculous to encourage people making 2000 per week to be able to afford their own lunch? C'mon. The fact that this business model didn't die long ago amazes me. Flag this comment # Posted by annie - 4 hours, 9 minutes ago I would take my summer associate job where I worked with seven seasoned attorneys for the summer with little perks - didn't expect them - and lots of work over these cushy summer internships. I learned a lot that summer and the next fall, they continued to send me work at law school at a pretty decent hourly wage. Anyway, my apparent lack of entitlement made it possible for me to find my own clients and open a little office when I was laid off my first law job. I now work for a small firm. And I enjoyed a nice pean

"It's like the front line of a new virus outbreak." The trends have unnerved even well-established businesses. "There is such a huge lack of confidence in the politicians, in the European Union and in the banks," said Arturo Virosque, 79, president of Valencia's chamber of commerce and the owner of a local logistics company. Ticking off crises going back to the Spanish Civil War in his youth, he said, "this is different. It's like an illness." After price cuts by competitors, Mr. Virosque's company reduced charges for storage and transportation, and slashed its work force to about 170, from 250. "The worst thing is that we have to cut the young people," he said, because higher severance makes it too expensive to fire older workers. While unemployment traditionally is higher in Spain than in much of Europe, the sharp increase has many here nervous. The jobless rate for those under 25 is at a Depression-like level of 31.8 percent, the highest among the 27 nations of the European Union.