The Federal Reserve System recently issued a paper titled Strategies for Improving the U.S. Payment System that provides a roadmap for end-to-end payment system advances over the short and long term.
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Ed. note: We are having an Above the Law retreat this afternoon, so we may be less prolific than usual today. We will return to our regularly scheduled programming tomorrow.
* “I think I am now the hardest-working justice. I wasn’t until David Souter left us.” Justice Ginsburg celebrates her twentieth year on the high bench in true diva style. [USA Today]
* Sorry, EA, the Ninth Circuit thought your First Amendment free expression defense to allegedly stealing college sports players’ likenesses was a load of hooey. [Wall Street Journal]
* “It’s a decision that clearly favors the merchants.” A federal judge gave the Fed a spanking in a ruling on its cap for debit card fees earned by banks after consumer swipes. [DealBook / New York Times]
* “What makes this discriminatory? I don’t think there’s anything in Title 7 that says an employer has to be consistent.” Ropes & Gray’s “token black associate” had his day in court. [National Law Journal]
* The firm that outed J.K. Rowling as author of “The Cuckoo’s Calling” will make a charitable donation as an apology — getting the book to the bestseller’s list wasn’t charitable enough. [New York Times]
* As the bar exam draws to a close today, here’s something to consider: 12,250 people signed up to take the test in New York alone. Are there jobs out there for them? Best of luck! [New York Law Journal]
* The feds want to make a better return on their investment on law student loans. Perhaps it’s time for those good old gainful employment regulations. [Student Loan Ranger / U.S. News & World Report]
* Cleveland kidnapper Ariel Castro is expected to speak at his sentencing hearing today, where a judge will decide if a term of life in prison plus 1,000 years is appropriate punishment for him. [CBS News]
* Daniel Chong, the student that the DEA locked in a cell and forgot about for a few days, has settled his lawsuit against the government for $4.1 million. No snark here, congratulations. [CNN]
* Meanwhile, O.J. Simpson is getting parole (but not quite getting released yet). Here comes Naked Gun 4! [ABC News]
* A Kenyan lawyer is challenging the trial of Jesus Christ at the International Court of Justice. [Legal Cheek]
* Professor Paul Campos notes that from 2004-2013, it’s gotten much easier to get into law school. This year 80 percent of students applying to law school will get in somewhere. At least the profession is upholding its high standards. [Lawyers, Guns & Money]
* DMX declared bankruptcy because bankruptcy actually makes it easier to get a passport. How is DMX broke? Are the residuals from Exit Wounds not paying the bills? [Grantland]
* King & Wood Mallesons and SJ Berwin LLP are merging to create one of the largest law firms in the world. Dewey think a merger is a good idea? [WSJ Law Blog]
* A follow-up on a previous item, checking in on the status of the petition to save the federal defenders one week in. [PrawfsBlawg]
* A profile of the “eighth governor” of the Federal Reserve and Georgetown Law grad, General Counsel Scott G. Alvarez. I would say this is a fascinating look at a prominent regulatory staff member, but the article makes it clear that “regulation” is not exactly the Alvarez agenda. [DealBook]
* Watch the dean of a law school defend a 0 percent bar passage rate. [ABC 33/40]
* Another new resource out there — LawTrades. Basically, it’s ZocDoc for lawyers where lawyers can register and prospective clients can search for an attorney who meets their needs. [LawTrades]
* What are the greatest legal novels of all time? The ABA Journal assembled a panel including our own David Lat and provided a list. You can disagree, but I see one of Archer’s favorites made the list (clip after the jump)…