In his long and sometimes snarky campaign, John McCain took to ridiculing Barack Obama and his supporters for imputing messianic qualities to the upstart candidate, mockingly referring to the Democrat as “The One.” New evidence suggests McCain was on to ...
Read More »Obama doesn’t need Cheney’s advice on terrorism
There is a new terrorist threat, according to America’s right-wing chatter: a petite Methodist Sunday school teacher and daughter of a postal worker and Navy veteran. She’s Dawn Johnsen, who has been nominated to head the U.S. Justice Department’s Office ...
Read More »Bernanke sees 2010 recovery ‘only if’ banks stabilize
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “severe” contraction, and warned the recession may last into 2010 unless policymakers can stabilize the financial system. “If actions taken by the administration, the Congress, and the ...
Read More »Jumbo loan defaults rise at fast pace as rich suffer
Luxury homeowners are falling behind on mortgage payments at the fastest pace in more than 15 years, a sign the U.S. financial crisis that began with the poorest Americans has reached the wealthiest. About 2.57 percent of prime borrowers who ...
Read More »Mortgage plan for Fannie, Freddie may face legal snag
President Barack Obama’s plan to use mortgage-finance companies Fannie Mae and Freddie Mac to refinance as many as 5 million loans may face legal challenges over whether the administration is overstepping its authority. The proposal may violate requirements that homeowners ...
Read More »Missouri Court of Appeals Western District
Missouri Court of Appeals Western District Arbitration Enforcement; waiver WD69823 Major Cadillac Inc., Respondent, v. General Motors Corp., Appellant Appeal From: Jackson County Circuit Court, Judge William Stephen Nixon Handdown Date: 2/17/2009 Opinion Author: Judge Thomas H. Newton Opinion Vote: ...
Read More »Dividends falling means S&P 500 is still expensive
The fastest reduction in U.S. dividends since 1955 is depriving investors of the only thing that gave stocks an advantage over government bonds in the last century. U.S. equities returned 6 percent a year on average since 1900, inflation-adjusted data ...
Read More »Court says man’s race kept him off jury
The fact that a black man asked a question during jury selection kept him off the jury. But on Tuesday, the Missouri Court of Appeals Eastern District, in a 2-1 decision, ordered a new trial for convicted murderer Tyrone C. ...
Read More »Armstrong Teasdale lays off 30
Armstrong Teasdale has joined the ranks of Missouri law firms laying off attorneys and staff. The St. Louis-based firm this week let go seven lawyers and 23 staff members, or 6 percent of the firm’s total personnel, managing partner Michael ...
Read More »Wash. U. hosts equal justice conference
Washington University School of Law’s Clinical Affairs Program will host its 9th annual “Access to Equal Justice Colloquium: Critical Perspectives on Court and Law Reform,” featuring Jane M. Spinak, a law professor at Columbia University. The goal of the conference ...
Read More »Coping with first-year associate stress
As nearly all attorneys will attest, stress defines the life of a first-year associate. To be truthful, stress defines the life of most attorneys. Recently I was asked by a friend who is a first-year associate whether the stress of ...
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