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Fed paints weaker picture of growth and employment
WASHINGTON AP - Federal Reserve officials have a slightly dimmer view of the economy than they did in April, reflecting worries about how the European debt crisis could affect U.S. growth and job prospects.Fed officials said Wednesday in an updated economic forecast that they think the economy, as measured by the gross domestic product, will grow between 3 percent and 3.Cuba economy czar says cooperatives by year-end
Cuba's economy czar said plans are in place to begin an experimental phase of non-state cooperatives in sectors ranging from food services to transportation by the end of the year.View more book results for the query "*"
Two-Disease Rule Doesn't Apply to Fen-Phen Cases
The "two-disease" rule developed by Pennsylvania courts in the wake of the asbestos litigation explosion does not need to be applied to the fen-phen arena, a Philadelphia judge has ruled. The essence of the two-disease rule is that absent a compensable physical injury or disease, a plaintiff cannot recover for the increased risk and/or fear of developing a more serious disease in the future. If and when the disease manifests itself, the courts have said, all actual damages may be claimed.Lipitor Class Certification Denied
A Philadelphia judge has declined to certify as a nationwide class those Rite Aid customers who purchased what may have been counterfeit Lipitor in 2003. Judge Mark I. Bernstein found that the proposed class, which would have included as many as 330,000 people in every state except Louisiana, was "detrimentally over-inclusive." The ruling marks the second time in as many weeks that Bernstein has denied certification to a proposed class in a case involving prescription drugs.Disgraced Former UBS GC Now a Williams & Connolly Partner
Sometime in the last year, with no fanfare, Williams & Connolly welcomed David Aufhauser back to the firm. Aufhauser possesses the sort of gilded resume entries that any firm would covet: former GC of banking conglomerate UBS, and a former GC of the U.S. Department of the Treasury. But he has another entry in his biography that makes his return to Williams & Connolly somewhat surprising. Last October he settled charges that he engaged in insider trading at UBS, agreeing to pay $6.5 million.A Buyer's Guide to Law Firm Software
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