Egyptian President Hosni Mubarak has finally decided to step down. We should all be thankful that this has been a relatively “bloodless” coup. We should all take notice of a middle eastern regime change that didn’t require the use of American armed forces. We should all wish the people of Egypt the best of luck as they forge ahead into their uncertain future. And we should all pray that in the end Egypt continues on its moderate path of relating to Israel and the west.
That last part is key. Sure, by the end Mubarak was like the guy who won’t leave your house after the Super Bowl party. We’ve all been there. The people of Egypt tried everything you or I have tried in that situation: “Dude, it’s getting late, I have to work in the morning,” “No, really, I can handle the dishes by myself,” “Seriously brah, if you’re here when my wife wakes up she’s going to be pissed.”
But despite his inability to take a hint, Mubarak was still our friend. There’s no guarantee that the next guy will be.
In fact, who is the next guy? We know that Vice President Omar Suleiman is technically in charge now. And many suspect that actually there is a general with a gun who is really in charge. But who is supposed to be in charge? (This is starting to sound like Howrey.)
Seems to me, once God stopped “anointing” people, He created lawyers to answer just this kind of a question…
* If the Muslim Brotherhood gains power in Egypt, they will impose sharia law. Just like Oklahoma! [ABC Online]
* Lindsay Lohan took to Twitter to announce that she “was not raised to lie, cheat, or steal.” Well, nature it is. [msnbc.com]
* Arizona is suing the federal government over the porous border. Mr. Obama, build us a wall! [Reuters]
* Barry Bonds, he of the enormous dome piece, had the number of felony charges against him dropped to five. Hauling that gargantuan cranium about. I’m not kidding, that boy’s head is like Sputnik. [ESPN]
* Foreign journalists risking their lives to cover the story in Egypt should remind everybody why we have to pay for reporters. [Huffington Post]
* The California Supreme Court will soon decide whether or not it wants to decide anything on Prop 8. [Poliglot / Metro Weekly]
* A tipster has the credited blurb: “When J. Crew has made [a shirt saying 'Lower East Side'], has the Lower East Side jumped the shark? Further side note: if you buy said shirt from J. Crew, a shark should jump you.” [Bowery Boogie]
* If you are an allegedly greedy Wall Street banker, is the only jury of your peers composed of 12 other potentially greedy Wall Street bankers? [WSJ Law Blog]
If Mr. Met owned the Mets would things really be any worse?
* Is anybody really surprised that the Wilpons are having trouble finding people to buy a minority stake in the Mets? It’s an awful franchise that is poorly run that plays home games in Queens — why would you want a minority stake in that? Why… why didn’t God make me a Yankee fan? [Dealbreaker]
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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