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hsumaker Dooglia

Summer Associates Report Fear, Anxiety and Lots of Food | ABA Journal - Law News Now - 0 views

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    # 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
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    # 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
hsumaker Dooglia

Joblessness Inches Up to 9.8% in September - NYTimes.com - 0 views

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    As some companies begin to rebuild stocks, the impact could wash through the economy for a few more months, adding jobs and moderating the overall decline. Then the underlying weakness of the economy will probably reassert itself, say experts. After years of borrowing against homes and cashing in stock to spend in excess of their incomes, many Americans are tapped out. Austerity and saving have replaced spending and investment in many households, constraining the economy. As many Americans transition from living on home equity loans to sustaining themselves on paychecks, weekly pay continues to effectively shrink: Over the last year, average hourly earnings for rank-and-file workers - some 80 percent of the labor force - have increased by 2.5 percent. But average weekly earnings have expanded by only 0.7 percent, less than the increase in the cost of living, because employers have slashed working hours. In September, the average workweek edged down by one-tenth of an hour, to 33 hours. For those out of work, the job market looks harsher now than at any point in the recession. The number of people who have been jobless for more than six months increased in September by 450,000, reaching 5.4 million. "We have a truly massive crisis of long-term unemployment," said Christine L. Owens, executive director of the National Employment Law Project in a statement, adding that nearly 400,000 jobless people had exhausted their unemployment benefits by the end of September. "Today's employment report is a marching order for Congress to pass unemployment benefit extensions to all states, quickly." The first signs of improvement are likely to be seen among temporary workers, say experts, as companies now hunkering down in the face of uncertain prospects take tentative steps to expand. But temporary help services lost 1,700 jobs in September. "Companies are extremely cautious," said Roy G. Krause, chief executive of Spherion, a recruiting and staffing comp
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    As some companies begin to rebuild stocks, the impact could wash through the economy for a few more months, adding jobs and moderating the overall decline. Then the underlying weakness of the economy will probably reassert itself, say experts. After years of borrowing against homes and cashing in stock to spend in excess of their incomes, many Americans are tapped out. Austerity and saving have replaced spending and investment in many households, constraining the economy. As many Americans transition from living on home equity loans to sustaining themselves on paychecks, weekly pay continues to effectively shrink: Over the last year, average hourly earnings for rank-and-file workers - some 80 percent of the labor force - have increased by 2.5 percent. But average weekly earnings have expanded by only 0.7 percent, less than the increase in the cost of living, because employers have slashed working hours. In September, the average workweek edged down by one-tenth of an hour, to 33 hours. For those out of work, the job market looks harsher now than at any point in the recession. The number of people who have been jobless for more than six months increased in September by 450,000, reaching 5.4 million. "We have a truly massive crisis of long-term unemployment," said Christine L. Owens, executive director of the National Employment Law Project in a statement, adding that nearly 400,000 jobless people had exhausted their unemployment benefits by the end of September. "Today's employment report is a marching order for Congress to pass unemployment benefit extensions to all states, quickly." The first signs of improvement are likely to be seen among temporary workers, say experts, as companies now hunkering down in the face of uncertain prospects take tentative steps to expand. But temporary help services lost 1,700 jobs in September. "Companies are extremely cautious," said Roy G. Krause, chief executive of Spherion, a recruiting and staffing comp
hsumaker Dooglia

Can you collect unemployment benefits while starting a business? - Explain Business - 0 views

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    IN MICHIGAN -If your earnings from work are equal to or less than your weekly umemployment entitlement, your benefits are reduced by 50 cents on every dollar earned -If your earnings surpass your weekly unemployment benefit but are less than 1.5x times your benefit amount, then your total earnings are subtracted from 1.5x times your weekly benefit amount -Your weekly benefit combined with your weekly earnings cannot exceed 1.5x your unemployment benefit amount. This would suggest that in Michigan you could possibly work part-time starting your own business while claiming unemployment insurance as long as you don't make wages from your business in excess of the above and are willing and able to take the new job that you are actively looking for.
hsumaker Dooglia

Brown's election may ending up being a positive for health-care reform - 0 views

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    emember how Republican Scott P. Brown's victory in January's Senate race in Massachusetts was supposed to represent a mortal blow to health-care reform? "Probably back to the drawing board," Sen. Russell Feingold (D-Wis.) declared the next day. "Might be dead," Rep. Anthony Weiner (D-N.Y.) surmised. "We're back to where we were maybe even years ago," concluded Rep. Barney Frank (D-Mass.). But rather than dooming the effort, Brown's win appears to have helped Democrats refocus the legislation and their strategy for selling it. Once on track to produce a bill that Republicans were prepared to depict as partisan and laden with special-interest perks, Democrats now expect to unveil legislation that costs less and more aggressively tackles health-care inflation -- a package they say could leave them less vulnerable in November. It drops the "Cornhusker Kickback" that so infuriated voters, and includes a few Republican ideas tacked on by President Obama. "There's no government takeover of health care; there's an expansion of the private market, subsidies, more choice -- I mean, it's so much of what many of us had hoped for from the very beginning," said Sen. Mary Landrieu (D-La.), a moderate and reluctant supporter of the original Senate bill. The House and Senate will launch the final legislative phase this week, with the aim of holding votes before the end of the month. The action will come in two phases. First the House will vote on the bill the Senate approved on Christmas Eve. Then each chamber is expected to consider a package of "fixes" offered under a budget rule known as reconciliation that will protect it from a GOP filibuster in the Senate. Democrats could still fail to pass the overhaul for any number of reasons, and Republicans are vowing an epic showdown on the Senate floor to derail the reconciliation package. Sen. Judd Gregg (N.H.), the senior Republican on the Senate Budget Committee, which holds jurisdiction over reconciliation bills, has called the
hsumaker Dooglia

Cyberattack on Google Said to Hit Password System - NYTimes.com - 0 views

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    In Google's case, the intruders seemed to have precise intelligence about the names of the Gaia software developers, and they first tried to access their work computers and then used a set of sophisticated techniques to gain access to the repositories where the source code for the program was stored. They then transferred the stolen software to computers owned by Rackspace, a Texas company. Rackspace, which had no knowledge of the transaction, offers Web-hosting services. It is not known where the software was sent from there. The intruders had access to an internal Google corporate directory known as Moma, which holds information about the work activities of each Google employee, and they may have used it to find specific employees. A version of this article appeared in print on April 20, 2010, o
hsumaker Dooglia

Avoid Speeding Tickets And Traffic With Your Phone - 0 views

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    Avoiding Speeding Tickets Trapster is essentially a cell-phone social network that allows motorists to hook up with one another for the purpose of issuing real-time alerts about the location of speed traps. Over the last year, Trapster has significantly broadened its functionality, adding several new applications, carriers and formats. When we spoke with Trapster.com founder and CEO Pete Tenereillo in mid-August, the big news at the time was that Trapster.com had just released its first Android version, which means it's now available on the T-Mobile G1 phone, which significantly increases its penetration, making it accessible to many more users. "Before, if a user had a phone that used the Android system, they didn't much care if it was available on the iPhone," Tenereillo said. Trapster works like this: Go to the Web site, and sign up for a free membership. Then download the Trapster software to your cell phone or PDA. Tenereillo said that most current-generation cell phones, Blackberries and other PDA's can accommodate the Trapster software. Then, you're ready to hit the road. And once you're tooling down the highway, if you spot a state trooper or city cop lying in wait with a radar gun or laser unit, you just need to punch in "pound one" on your cell phone -- or dial a toll-free number. Other users are then alerted on their cell phones or PDA when they approach the same speed trap. "One great thing about that is that it's hands-free," says Tenereillo. "You don't have to be looking at the phone or even be holding it to be notified of the speed trap -- which, of course, is safer, because you don't have to take your eyes off the road to be notified of the trap."
hsumaker Dooglia

A Return to Normalcy? - 0 views

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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
hsumaker Dooglia

Immigrants in Work Force - Study Belies Image - NYTimes.com - 0 views

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    "Americans, whether they are rich or poor, are much more in favor of high-skilled immigrants," said Jens Hainmueller, a political scientist at M.I.T. and co-author of a survey of attitudes toward immigration with Michael J. Hiscox, professor of government at Harvard. The survey of 1,600 adults, which examined the reasons for anti-immigration sentiment in the United States, was published in February in American Political Science Review, a peer-reviewed journal. Americans are inclined to welcome upper-tier immigrants - like Ms. Kollman-Moore - believing they contribute to economic growth without burdening public services, the study found. More than 60 percent of Americans are opposed to allowing more low-skilled foreign laborers, regarding them as more likely to be a drag on the economy. Those kinds of views, in turn, have informed recent efforts by Congress to remake the immigration system. A measure unveiled last month by Senator Lindsey Graham, Republican of South Carolina, and Senator Charles E. Schumer, Democrat of New York, aims to reshape the legal system to give priority to high-skilled, high-earning immigrants, offering narrower channels for low-wage workers. (A bill in 2007 by the Bush administration tilted even more sharply toward upper-tier immigrants; it failed in Congress.) "
hsumaker Dooglia

Ciudad Juarez women still being tortured by killers | World | Chron.com - Houston Chro... - 0 views

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    Esmeralda's partially clothed body was found in the cotton field's irrigation ditch eight days later, along with those of the two other women. Her pants removed and blouse and bra pulled up to her neck, Esmeralda was lying face up in the ditch, hands tied behind her back. Part of Esmeralda's right breast had been hacked away, the nipple of the other sliced off. The body was badly decomposed. The Inter-American Court found that Esmeralda and the two other girls had disappeared separately and had been held in captivity before being murdered. All three likely were raped and tortured by their captors for an unknown number of days, the court said. "The treatment they experienced during the time they remained kidnapped before their death caused them, at the very least, severe mental suffering," the court stated in its ruling, adding that Mexican officials deprived Esmeralda and the others of "the rights to life, personal integrity and personal liberty." Encouraged not to view Esmeralda's body, Monreal identified her daughter by the clothes police said she was wearing, including her socks. But even as she buried her daughter, positive identification had not been conclusive - not until four years later - when an Argentine forensics crew confirmed the murdered girl's identity with DNA testing. More bodies, same field The body of Laura Berenice Ramos, 17, a third-year high school student, also was found that day; she hadn't been heard from since calling a friend to say she was heading to a Saturday night party. Her breast also was mutilated and skin had been torn from her body. The third woman was Claudia Ivette Gonzalez, 20, who on the day she vanished had been sent home from her factory job after arriving two minutes late. She, too, had been tortured, one of her arms severed. Soon after, searchers recovered the remains of five more women in another corner of the field. They had been dead much longer; the killing had been going on for some time. Within three days
hsumaker Dooglia

In Spain's Falling Prices, Early Fears of Deflation - NYTimes.com - 0 views

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    "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.
hsumaker Dooglia

Pforzheim Journal - As Unemployment Surges, Germany's Golden City Suffers - NYTimes.com - 0 views

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    Companies have used government-subsidized short working hours - known as kurzarbeit - to avoid mass layoffs, but that still costs them money and is only a temporary solution. In February exports fell 23 percent compared with the previous year. Industrial output shrank 20.6 percent for the month, compared with the year before. "We would need to see signs of improvement in summer or early autumn. Otherwise it becomes too expensive for companies to continue kurzarbeit," said Gernot Nerb
hsumaker Dooglia

Worst of Recession is Over for Law Firms, Says PricewaterhouseCoopers Survey | ABA Jour... - 0 views

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    A survey of more than 50 law firms conducted by the PricewaterhouseCoopers accounting firm found that legal work and law firm profits increased during a three-month period that ended on July 31, in part due to internal cost-cutting by the partnerships, reports the Law Society Gazette. Although certain practice areas, such as real estate, still are struggling, others, such as corporate and mergers and acquisitions, are recovering, David Thurkettle tells the British legal publication. He is a senior director in PwC's professional partnerships group. "Firms have weathered the storm in the main. They have got through the cost and the financial pain, and are now reaping the rewards," he says of the survey results, which he believes are probably representative of the situation at other law firms, too. "The view here is that, if you took a basket of different law firms, most of them are over the worst in terms of activity levels."
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