KEYTLaw's Law Blog

The Debt Crisis For Law School Graduates

On the Net — Wed, 16 May 2012 20:46:09 +0000

Tax Prof Blog: “Approximately half of the 45,000 people who will graduate this year from ABA-accredited law schools will never find jobs as lawyers. (The Bureau of Labor Statistics estimates that over the next decade 21,000 new jobs for lawyers will become available each year, via growth and outflow from the profession.)

Most of those who do find jobs will be making between $30,000 and $60,000 per year.

People currently in law school are going to graduate with an average of $150,000 of educational debt. This debt will have an average interest rate of 7.5%, meaning the typical graduate will be accruing nearly $1,000 per month in interest upon graduation. Unlike almost every other form of debt, these loans cannot be discharged in bankruptcy.”

E-Book Suit Goes Ahead Against Apple And Publishers

On the Net — Wed, 16 May 2012 20:37:32 +0000

Thomson Reuters: “Apple Inc and five major book publishers have failed to persuade a U.S. judge to throw out a lawsuit by consumers accusing them of conspiring to raise electronic book pricestwo years ago.

The lawsuit in U.S. District Court in New York is related to government charges in April accusing Apple and publishers of colluding to break up Amazon.com’s low-cost dominance of the digital book market. HarperCollins Publishers Inc, Simon & Schuster Inc and Hachette Book Group reached settlements with the Department of Justice’s anti-trust division.

Apple and two of the publishers, Macmillan and Penguin, said in court last month that they want to go to trial to defend themselves against the government charges. The judge has scheduled the next pre-trial hearing for June 22.

The consumers’ main allegation is that the publishers worked together to raise prices and decrease retail competition with Apple coordinating the agreement among them.”

Do Filibusters Violate The Constitution?

On the Net — Wed, 16 May 2012 20:08:13 +0000

ABA Journal: “A suit filed on Monday by Common Cause claims the Senate filibuster is anti-democratic and unconstitutional.

“The principle of majority rule was so basic to the concept of a democratically elected legislative body that it did not need to be expressly stated in the Constitution,” the suit (PDF) says. Other plaintiffs include several Democratic lawmakers and three immigrants who would be aided by passage of the Dream Act, according to Politico, the Atlanta Journal-Constitution and a press release.”

2 Roger Clemens Jurors Dismissed For Sleeping On The Job

On the Net — Wed, 16 May 2012 18:39:15 +0000

ABA Journal: “Last week, U.S. District Judge Reggie Walton warned lawyers in Roger Clemens’ perjury trial that they were dragging out the case and boring the jurors.

The trial is now in its fifth week, and two jurors are gone. They were dismissed after they were caught sleeping during the testimony, the New York Times reports.”

Facebook Poised To Be Largest Internet IPO Ever

On the Net — Wed, 16 May 2012 02:25:26 +0000

Facebook may see its value touch the $100 billion mark if its impending IPO is offered at the top of its new pricing range.

Buy a Phoenix home for only $20?

On the Net — Wed, 16 May 2012 02:23:02 +0000

The Capitol Mall Association is raffling off two renovated homes in Phoenix. The tickets are only $20 each (or six for $100).

Phoenix Housing Market Continues Recovery

On the Net — Wed, 16 May 2012 02:07:28 +0000

According to Michael Orr, real estate expert at A.S.U.’s W.C. Carey School of Business, the Phoenix housing market is continuing to recover. He also says that traditional homes sales are on the increase.

ASU Economist Estimates Jobs Recovery in Arizona Will Take 5 Years

On the Net — Wed, 16 May 2012 01:31:42 +0000

Of the 314,000 jobs lost during the recession, Arizona has recouped only 78,000 of those positions. ASU economist LeeMcPheters estimates that it could take five years to create the additional 235,000 jobs needed to get back to pre-recession levels. Read more…

Illinois Man May Face Deportation To Nigeria

On the Net — Tue, 15 May 2012 05:47:17 +0000

losangelesimmigrationlawattorney.com: According to this post:

In a very interesting case out of the state of Illinois, a young man is currently being held in an immigration detention center as a fugitive despite his insistence that he has sought to secure citizenship through the proper legal channels.

Eugene P., 28, was originally born in Nigeria, where he was part of the Ogoni tribe, who are well known for their protests against petroleum drilling in their region of the country in the 1990s.

It is rumored that in response to these protests, oil companies enlisted the assistance of the Nigerian military. This in turn, created an extremely chaotic and dangerous environment that Eugene P. sought to flee.

He is currently appealing the detention as his deadline for the appeal of his green card had not expired when he was taken into custody. Eugene also married a woman while living in the United States – three days prior to being arrested and detained by an ICE worker.

No related posts.

Employee Loses Job For 40 Year-Old Crime Conviction

Jennifer K. Moshier — Tue, 15 May 2012 05:39:34 +0000

miamicriminallawyer.com: “Even a small charge is worth fighting.” That was unfortunately true for the woman featured in this article, who lost her job when her employer, Wells Fargo, discovered a 40 year-old conviction. After five years of awards for employee excellence, she was terminated for a 1972 shoplifting conviction.