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April 22, 2008 |

Fed chief looks for new formula to ease system out of crisis

The event was a 2002 conference at the University of Chicago to celebrate the Nobel laureate Milton Friedman's 90th birthday. When Ben Bernanke rose to speak, he said that the Federal Reserve, of which he was then a governor, had come around to Friedman's view that the central bank's blunders were to blame for the Great Depression.
21 minute read
January 28, 2013 |

Avoiding law school in droves

As of mid-January, law school applications have dropped 20 percent from last year (and 2012 was hardly a banner year itself, as the number of applicants fell by nearly 14 percent.) If the trend holds through the final months of the admission cycle, law schools would see a 38 percent crash since their peak in 2010.
6 minute read
November 17, 2010 |

Possible 3-way race to lead Florida Bar causing 'huge commotion'

The Florida Bar could see a three-way race for president. Some see the competition as a healthy sign, others are not happy about it. Two members of The Bar's board of governors - Carlton Fields partner Gwynne Young and Coker Schickel Sorenson & Posgay partner John "Jake" Schickel - are officially running. But Fort Lauderdale litigator and former state Sen. Walter "Skip" Campbell Jr., who also sits on board of governors, is considering an 11th-hour run.
6 minute read
October 16, 2009 |

Stimulus boon for South, Southwest

Businesses in the South and Southwest benefited most from the first federal contracts awarded under President Barack Obama's stimulus program, according to initial data released by a government oversight board.
5 minute read
November 15, 2010 |

Small business accelerates as new jobs precede Fed's easy money

Small businesses are bouncing back as access to lending eases and consumers ramp up purchases. This would be welcome news for policy makers struggling to spur the world's largest economy and bring down unemployment stalled near a 26-year high, because small companies account for 60 percent of job creation, according to Federal Reserve Chairman Ben S. Bernanke. The Fed said Nov. 3 it plans to buy another $600 billion of Treasuries, citing "disappointingly slow" progress in the recovery.
8 minute read
May 17, 2012 |

Auditors Caught Between U.S., Chinese Disclosure Laws

The SEC last week charged Deloitte's Chinese division with failing to respond to a subpoena to turn over work papers on behalf of a Chinese client listed on a U.S. stock exchange. The SEC's action raises significant issues of sovereignty and regulation between the U.S. and China, says O'Melveny & Myers partner Seth Aronson in this Q&A.
6 minute read
October 08, 2001 |

Decision Over Steel Tariffs Looms Near

The International Trade Commission last week finished eight days of hearings on whether to erect trade barriers to protect domestic steel. Held at the request of President Bush, the hearings are something of an anomaly for the ostensibly free-trade administration. But in the wake of the Sept. 11 attacks, the political dynamics of steel protectionism have undergone a fundamental shift.
9 minute read
October 18, 2004 |

The Usual Suspects

Certain Am Law 200 firms dominate the field when it comes to attracting work from leading U.S. companies' law departments. It's a pattern that has held true year after year. Says one consultant by way of explanation: "There's a certain degree of comfort in the big names."
6 minute read
December 23, 2005 |

Book Details Search for Caravaggio's Lost Masterpiece

For years, Washington, D.C., used-book stores received a steady stream of well-thumbed copies of A Civil Action. It seemed as if every lawyer had read Jonathan Harr's bestseller about an earnest attorney seduced into the tarpit of mass torts. The search for truth in the American courts, the glory and the danger of crusading for clients, the tug-of-war between admiring that lawyer's passion and recoiling as he was dragged further and further under - you too, right?
4 minute read
August 24, 2010 |

State Begins Talks on Overhauling More Youth Prisons

Weeks after promising the federal government that it would improve conditions at four of its most notorious youth prisons, New York state is discussing a settlement of a separate civil rights lawsuit challenging the treatment of juvenile delinquents that includes seven more facilities.
4 minute read

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