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Want to boost growth Cut U.S. corporate tax rates
Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.These are the axioms that motivated lawmakers to secure an extension of a payroll-tax cut this month. They felt like heroes for passing and signing a temporary break allowing citizens to skip Social Security payments.Dechert's Revenue Drops 9 Percent, Profits Rise 2.6 Percent
Dechert saw a 9 percent drop in gross revenue in 2010, bringing in $65 million less than it had in 2009.Reed Smith, K&L Gates Double Down on Veteran Leaders
For two very different guys, Reed Smith's Greg Jordan and K&L Gates' Pete Kalis have a lot in common. The two West Virginia natives rose to lead their respective Pittsburgh-based law firms well more than a decade ago and both have recently won unopposed elections to additional terms for the next three and five years, respectively.Mukasey nomination as attorney general sent to Senate amid debate on interrogation techniques
Decline in newspapers renews idea of nonprofits
NEW HAVEN, Conn. AP - As sharp revenue reductions put the future of many U.S. newspapers in doubt, one idea gaining attention is the conversion of newspapers into tax-exempt nonprofits supported by large endowments.Although viewed by many as a long shot at best, such a radical change could be a savior for the industry and its vital role in a democracy.MLS Restrictions, Geographic Markets and Google
In his Antitrust column, Elai Katz, a partner at Cahill Gordon & Reindel, comments on recent FTC developments, the rejection of the Google Books settlement, and the approval, with conditions, of Google's acquisition of a travel software firm, as well as a district court's grant of the FTC's request to preliminarily enjoin a hospital merger.Cubans are split on success of free market
There was no colorful bunting to mark the grand opening, and no way to advertise in the local press. There was not even money to hand out fliers in this decaying Havana, Cuba neighborhood of potholed streets and crumbling one-story homes.So when the freshly-painted front window of the tiny pizzeria swung open on the most important afternoon in Julio Cesar Hidalgo's life, nobody noticed at first.Clifford's San Diego Office Closes, Too
Clifford Chance's only two San Diego partners have bolted to other firms, forcing the firm to shutter the office. It is its third California office slated to close within the past two weeks. Chicago-based Baker & McKenzie announced Friday that Maria Sendra would join its San Diego office. Faye Russell will go to Latham & Watkins which has two offices in San Diego. Clifford Chance's only remaining California office, in Palo Alto, will remain open, firm officials have said.CAT Fund Lawyer Does Not Have To Attend Trial
A trial court judge cannot order the Medical Professional Liability Catastrophe Loss Fund to designate a representative to attend the trial of an insured, the state Supreme Court has decided.State AI Legislation Is on the Move in 2024
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