The National Football League seems to be an unstoppable force of nature, led by a commissioner, Roger Goodell, who has managed to collectively bargain his way into being judge, jury, and executioner of league policy. NFL players often have to go outside of league offices and to United States courts to have their grievances heard, except that the NFL is just as indomitable in court as it is everywhere else.
But if you are going to defeat the NFL in court, claiming collusion is a better bet than most. The NFL has been busted for it before. And it’s really not that hard to infer when 32 or so owners get together to make a market crushing deal….
Since Japan is about to sink, drown, or blow up, you might have missed the fact that 32 or so billionaires officially can’t figure out how to share profits with a few hundred millionaires. That’s right, the National Football League — the most successful sports association ever — is in a stage of lockout. The owners and the players can’t agree, and now both sides have lawyered up and are heading to court.
The NFL owners have locked out the players, and the players have asked for an injunction preventing the lockout. Welcome to Brady v. NFL.
Naturally, I’m on the side of the marginally greedy, financially illiterate players over the unimaginably greedy, financially irresponsible owners. Bill Simmons perfectly captures the real core of this fight that the owners are picking with their employees.
And there are all kinds of funky legal issues swirling around the case: the player’s union “sham” decertification, the NFL’s T.V. revenue war chest they should have been sharing with the players all along, and enough Sherman Antitrust Act angles to fill a casebook.
And there’s legal star power: as we mentioned this morning, David Boies has joined the fight on the side of money grubbing owners who would happily sacrifice the long term health of their employees for some more short term profits.
But this morning we should focus on the man who could be “the Decider,” U.S. District Judge David Doty. The man has such a history of frustrating the NFL owner/oligarchs that simply getting the case into his courtroom could force the owners back into negotiating in good faith. We should know more about this guy.
Remember, the 1994 Major League Baseball strike was settled by a judge — and her name is Sonia Sotomayor — only she’s got a better title now. Just saying….
A college graduate without student loan debt is akin to reading a kind quote about Kim Kardashian in a tabloid—it’s rare.
In the past eight years, student loan debt has nearly tripled to a whopping $1.1 trillion, and in the past 10 years, the percentage of 25-year-olds with such debt has risen from 25% to 43%
It’s gotten so bad, in fact, that New York Fed economists warned last month that the burden of student debt could stilt consumer spending by twentysomethings, as well as further hamper the recovery of the housing market and economy.
To get a better idea of what massive student loan debt (we’re talking over $100,000 massive) looks like, we talked to an attorney who graduated with a large student loan debt. We also consulted LearnVest Planning Services CFP® Katie Brewer to see just how their repayment plans stack up.
S. Fischer, 36, Attorney Graduated: 2001
How Much I Borrowed: $100,000
What I Still Owe: $45,000
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Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: firstname.lastname@example.org.
Deal flow has clearly picked recently up for most US associates, counsels and partners in Hong Kong/China and Singapore. We are on the phone with a lot of these folks on a daily basis, many of whom we have known for years. Further, the head of our Asia team, Evan Jowers, and Kinney’s founder and president, Robert Kinney, frequently meet in person with leading US partners in Asia to assess their needs and keep on top of the inside scoop at as many firms as possible. The need for legal recruiting help in Asia from experienced recruiters appears to be live and well. In March, Evan and Robert were in Beijing at such meetings, in April, Evan was in Hong Kong, and for half of June Evan will be in Shanghai and Hong Kong. Thus its pretty easy for us to tell when there has been an across-the-market pick up in capital markets and corporate work.
On an average day in Asia when Evan and Robert visit firms, they typically have 5 to 9 meetings a day, mostly with US partners in the market. The reason they have these meetings is not simply because Kinney makes a lot of US attorney placements in Asia and that a particular firm may have openings; instead these are just visits with friends. After years of working together as business partners, the folks at Kinney are actually these peoples’ friends. The firms Kinney work closely with in Asia (which is just about every law firm – call us if you want to know the one firm in the world we will never place anyone with again, ever, and why) look forward to the visits, or at least act like they do. After seven years in the market, many of the client partners are former associate candidates. Also, these US partners see Kinney as a very good source of market information as well, because they know how deep their contacts are in the market and how frequently they are speaking to counterparts at peer firms.
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