Arthur B. Laffer and Ford M. Scudder: The Tax Cliff Is a Growth Killer

ABA: Law schools getting the message on practical skills

Is Hiring New Grads In House the Wave of the Future?

    Findlaw: Law firms have long been the training ground for new attorneys while in-house positions are generally for associates with several years of experience. The rationale is that new graduates don’t have the practical skills to dive into legal practice. In-house counsel don’t have time to provide training on both how to be corporate counsel AND how to practice corporate law. But that problem might be solved as more law schools focus on practical coursework.


  • Posted: 07/12/2012
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  • Category: Bench & Bar
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  • Source: blogs.findlaw.com

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Romney to NAACP: It is in the best interest of African-American families to vote for me

    AP: “I believe that if you understood who I truly am in my heart, and if it were possible to fully communicate what I believe is in the real, enduring best interest of African-American families, you would vote for me for president,” Romney will tell the NAACP’s annual meeting, according to excerpts of his speech that were released early by his campaign.


  • Posted: 07/11/2012
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  • Category: Marriage & Family
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  • Source: hosted.ap.org

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Mitt Romney dubs Barack Obama ‘outsourcer in chief’

    Politico: “It is interesting that when it comes to outsourcing that this president has been outsourcing a good deal of American jobs himself by putting money into energy companies, solar and wind energy companies, that end up making their products outside the United States,” Romney said. “If there’s an outsourcer in chief, it’s the president of the United States, not the guy that’s running to replace him.”


  • Posted: 07/11/2012
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  • Category: Miscellaneous
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  • Source: www.politico.com

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San Bernardino becomes third Cal. city to file for bankruptcy

UK: Number of graduates in basic jobs doubles in five years

Census shows drastic drop in number of businesses and jobs since 2008

    PR Newswire: In 2010, U.S. businesses with paid employees numbered 7.4 million, a decline of 36,800 establishments from 2009, marking the third consecutive year of decline, according to the U.S. Census Bureau. In comparison, between 2008 and 2009 there was a decline of 168,000 establishments. These findings are from County Business Patterns: 2010 . . .


  • Posted: 06/27/2012
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  • Category: Miscellaneous
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  • Source: www.prnewswire.com

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Pension costs push Stockton, Calif. to bankruptcy

America’s taxpayers lost big in UAW bailout

    Detroit News: The Treasury Department estimates the taxpayers will lose enormous sums in the auto bailout — more than $20 billion. That is more than Michigan spends on public education, more than the federal government spends on NASA, and more than America gives in foreign aid. None of these losses were necessary to keep General Motors and Chrysler in business. The entire net cost of the bailout came from subsidizing the United Auto Workers’ pay and benefits.


  • Posted: 06/27/2012
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  • Category: Miscellaneous
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  • Source: www.detroitnews.com

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Graham to defense firms: Notify workers now of layoff threat from automatic cuts

ABA: Only 55 percent of law grads found full-time law jobs

Law Grads Face Brutal Job Market

More than 7 in 10 U.S. Teens Jobless This Summer

    NCPA Policy Digest: A silent victim of the last two recessions, teen unemployment has hit record levels since 2001. This trend is especially noticeable during the summer months, which are a traditional time of the year when teens head to work in droves, enabled by freedom from school and openings in seasonal employment. Recent labor statistics, however, suggest that this pattern has been largely disrupted, says the Sacramento Bee.


  • Posted: 06/25/2012
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  • Category: Marriage & Family
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  • Source: www.ncpa.org

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Judge reject’s Cooley’s ABA/NALP defense in fraud case

Survey: Asia’s millionaires outnumber NAmerica’s

Washington’s Regulatory Costs Exceed $1 Trillion Annually

‘Expect more women to need “baby boxes”‘

Snapshots of 10 states with biggest pension gaps

Budget turnarounds: Some states socking cash away

America’s Out-of-Work Are Resilient, but Not Endlessly So | NCPA Policy Digest

Catholic law schools and the student debt crisis

Lawyer Survey Reveals Many Lawyers Plan to Hire in Third Quarter

More than 7 in 10 US teens jobless in summer

Private Jobs Down 4.6 Million From January 2008; Federal Jobs Up 11.4%

Family Net Worth Drops to Level of Early ’90s, Fed Says

    NY Times: The median family, richer than half of the nation’s families and poorer than the other half, had a net worth of $77,300 in 2010, down from $126,400 in 2007, the Fed said. The crash of housing prices explained three-quarters of the loss. This vast loss of wealth was compounded by a loss of income, as the earnings of the median family fell by 7.7 percent over the same period.


  • Posted: 06/11/2012
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  • Category: Featured
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  • Source: www.nytimes.com

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GOP leaders ridicule Obama on private sector ‘doing fine’

A Record 1/3 of Law Grads’ Jobs Don’t Require Bar Passage

The Single Mom Catastrophe: The demise of two-parent families, an economic catastrophe

    Kay S. Hymowitz at LA Times: The single-mother revolution has been an economic catastrophe for women. Poverty remains relatively rare among married couples with children; the U.S. census puts only 8.8% of them in that category, up from 6.7% since the start of the Great Recession. But more than 40% of single-mother families are poor, up from 37% before the downturn. In the bottom quintile of earnings, most households are single people, many of them elderly. But of the two-fifths of bottom-quintile households that are families, 83% are headed by single mothers. The Brookings Institution’s Isabel Sawhill calculates that virtually all the increase in child poverty in the United States since the 1970s would vanish if parents still married at 1970 rates.


  • Posted: 06/04/2012
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  • Category: Featured
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  • Source: www.latimes.com

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Jobs report upends ’12 race

America Lost 129,000 Millionaires in 2011

How Radical Were Wisconsin’s Reforms? | Heritage Foundation

Home Prices Drop 2% to Post-Crisis Lows; CNBC says sign of new recovery!

America’s Suffocation: The Cost of Ever-Increasing Federal Regulations

Hewlett-Packard Said To Consider Cutting As Many As 25,000 Jobs

    Bloomberg: Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.


  • Posted: 05/17/2012
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  • Category: Miscellaneous
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  • Source: www.bloomberg.com

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Obama, Boehner clash at White House over debt ceiling hike

Needy States Use Housing Aid Cash to Plug Budgets

One in Three Young U.S. Workers Are Underemployed

US trade gap widens at fastest pace in 10 months

A Teen with a Job Becomes a Rarity in U.S. Economy

“High Price of Foreclosure: Your Marriage”

Student loans 101: The interest rate uproar

UC Hastings shrinking with market for lawyers

Law school applications down 15.6%, but admits could be even lower

McGurn: Paul Ryan’s Cross to Bear: The House budget chairman challenges the religious left.

What really kills family values

Threat from mounting public job losses tested Obama’s economic strategy

The Feminist ‘Equal Pay Day’ Myth

    NCPA Policy Digest: The Department of Labor’s Bureau of Labor Statistics reported in the fourth quarter of 2011 that the median full-time working woman made 81.6 percent of the wages of the median fulltime working man. Since then, big government, feminist organizations and liberal politicians repeat this “wage gap” statistic, implying that discrimination is its cause, says Carrie Lukas, managing director of the Independent Women’s Forum.


  • Posted: 04/27/2012
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  • Category: Marriage & Family
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  • Source: www.ncpa.org

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Social Security Trustees: Actual unfunded liabilities of $63 trillion are 2x reported amounts

Falling home prices drag new buyers under water

Top 10 Law Schools That Hire Their Own Graduates

Hatch looks to free up House-passed energy bills in Senate

California’s population growth is slowing dramatically, study finds

Number of long-term unemployed older workers quintupled. The help hasn’t.

Aging workforce strains Social Security, Medicare

1 in 2 new graduates are jobless or underemployed

Peggy Noonan: America’s Crisis of Character

    Peggy Noon at Wall Street Journal (via Google): I’ve long thought that public dissatisfaction is about more than the economy, that it’s also about our culture, or rather the flat, brute, highly sexualized thing we call our culture. Now I’d go a step beyond that. I think more and more people are worried about the American character—who we are and what kind of adults we are raising. Every story that has broken through the past few weeks has been about who we are as a people. And they are all disturbing.


  • Posted: 04/23/2012
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  • Category: Marriage & Family

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Rasmussen: The Housing Market Is Depressing America, Gov’t Corruption Blamed

    Rasumussen Reports: Consider this: Four years ago, 80 percent of homeowners thought their home was worth more than they paid for it. That number fell to 62 percent last fall and 49 percent today . . . But while the soft economy was the trigger, most homeowners recognize that the underlying cause of the housing crisis was a corrupt relationship between the federal government, elected politicians and well-connected financiers. While the housing market was collapsing, the financiers were getting bailed out.


  • Posted: 04/20/2012
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  • Category: Miscellaneous
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  • Source: www.rasmussenreports.com

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Daniel Henninger: Obama 2012 is channeling the ghost of Franklin D. Roosevelt

Does faith matter in the Federal Budget Debates? Debt, Caring for the Poor and Subsidiarity

    Ryan Messmore at the Heritage Foundation: Ryan believes his federal budget plan helps accomplish that goal. In a letter last year to then-Archbishop (now Cardinal) Timothy Dolan of New York, Ryan stated that his proposed budget better targets assistance to those in need, repairs the social safety net, and fulfills the mission of health and retirement security for all Americans.


  • Posted: 04/19/2012
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  • Category: Featured
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  • Source: blog.heritage.org

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The $5 Trillion Man: Debt Has Increased Under Obama by $5,027,761,476,484.56

Why Congress Must Confront the Administrative State

Komen donations down because Planned Parenthood dropped or reinstated? TIME’s big assumption

What Tax Day Could Feel Like in 2013; Today is “Tax Freedom Day”

    Heritage Foundation: In addition to today being Tax Day, it’s also, coincidentally, “Tax Freedom Day” — meaning that it has taken from January 1 until now for Americans to earn enough money to pay this year’s federal, state, and local tax bill — 29.2% of all our income. In other words, for the first 111 days of the year, everything you earned went straight to Uncle Sam. Compare that to back in 1900, when Americans paid only 5.9% of their income in taxes and Tax Freedom Day came on January 22.


  • Posted: 04/17/2012
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  • Category: Miscellaneous
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  • Source: blog.heritage.org

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The Highest Taxes in the World: U.S. Corporate Rate

Two men torch themselves in Italy as economic hardship bites

Ryan budget plan poised to pass House

U.S. Corporate Tax Rate Poised to Become Highest

    NCPA Policy Digest: On Sunday, the United States gets a distinction no nation wants — the world’s highest corporate tax rate. Japan, which currently has the highest rate in the world — a 39.8 percent rate on business income between national and local taxes — cuts its rate to 36.8 percent as of April 1. The U.S. rate stands at 39.2 percent when both federal and state rates are included, says CNN Money


  • Posted: 03/29/2012
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  • Category: Miscellaneous
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  • Source: www.ncpa.org

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Court dismisses suit against New York Law School for allegedly fraudulent employment numbers

Pop! Goes the Law School Bubble

The New Suburban Poverty

Saudi Arabia moves to calm oil market

GOP budge plan still produces $3T plus deficits

CBO: Obama budget adds $3.5 trillion in deficits through 2022