* Herman Cain’s got Wood over all of these sexual harassment accusers. No, seriously. He hired Bryan Cave defector L. Lin Wood to handle his possible defamation claims. [WSJ Law Blog]
* Sad and depressing old man news: Joe Paterno’s legal innocence was irrelevant. Instead of letting him retire at the end of the year, the Penn State Board of Trustees fired him last night. [New York Times]
* A woman from Idaho with some real backwoods charm. What to do when your husband — a lawyer — plots to kill you? Stand by your man and blame the corrupt government. [ABC News]
* Tired of getting screwed? Mayor Bloomberg makes nice with the OWS people, congratulating them for “generally . . . not break[ing] the law.” What a sad great accomplishment. [New York Post]
* And this is why you don’t play games with your résumé, folks. Here’s some proof that next time you lie about being covered in Ivy, you’re going to get a wicked bad rash. [Boston Herald]
* If assignments like this appeared more often, I bet people would stop procrastinating so much and do their homework all day, every day (and then do it again for extra credit). [Arizona Republic]
I don’t think Idaho gets enough credit for being positively weird. Sure, Napoleon Dynamite did a good job of highlighting that state’s peculiar relationship with llamas and quesadillas. But what of the insane racial animus that resides in the Potato State?
(I don’t know if Idaho is the potato state. It should be, right? We’ll just assume it’s the potato state for these purposes.)
Idaho was the site of the Southern Poverty Law Center’s huge victory over the Aryan Nations in 2000, and even though that lawsuit largely bankrupted the organization, the state apparently is still home to remnants of the group. Who now fight delicious tacos. Or something.
The state is also home to one Edgar J. Steele, proud graduate of UCLA Law, old racist crank, and alleged contract-hit enthusiast….
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: email@example.com.
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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