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January 21, 2013
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Legal News in Brief

  Corporate Spotlight 
  • CFPB could seek a role in retirement policy
    The Consumer Financial Protection Bureau is exploring whether it has any authority over Americans' retirement savings and investments, says Richard Cordray, the agency's director. The CFPB is concerned that consumers might become victims of financial scams, sources say. Bloomberg (1/18) LinkedInFacebookTwitterEmail this Story
  National News 
  • Mapping the economy as Obama begins his second term
      
    President Barack Obama faces a different economic landscape than he did four years ago. This post features interactive maps that show state and local data that shape national economic indicators such as unemployment and median household income, and it looks at demographic trends and how they will affect the U.S. for the next four years. SmartBrief/SmartBlog on Finance (1/18) LinkedInFacebookTwitterEmail this Story

  • Fed transcripts show optimism in 2007 as economy deteriorated
    Newly released Federal Reserve transcripts from 2007 show several officials didn't believe the economy was in for a hard landing and didn't want to overreact and panic the markets. Some, however, were warning of economic turmoil. "The risk of under­doing it now is that we will ultimately be forced to do more," said Timothy Geithner, then president of the New York Fed and now Treasury secretary. The Washington Post (1/18) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  • Rep. Markey: 1989 law gave SEC the tools to limit HFT
    Rep. Edward Markey, D-Mass., in a letter to the Securities and Exchange Commission, suggests that because of a 1989 law he co-sponsored, the agency has the ability to slow down, or even stop, high-frequency trading. Markey references a law that gives the SEC power to "limit practices which result in extraordinary levels of volatility." Reuters/MacroScope blog (1/18) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  Supreme Court and Federal Court Watch 
  • Supreme Court to hear case involving Ponzi-scheme lawsuits
    The Supreme Court will consider whether class-action lawsuits stemming from Allen Stanford's Ponzi scheme should be allowed to move forward. Investors who lost money in the scheme have sued entities that they allege helped perpetrate the fraud, but defendants say the Securities Litigation Uniform Standards Act should block the lawsuits. The suits were originally thrown out by a federal judge, but an appeals court disagreed with that decision. The Washington Post/The Associated Press (1/18) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  Professional and Business Development 
  • Eliminate "try" from your vocabulary
    "Try" is one of the most dangerous words for the workplace because it's vague, shows a lack of confidence and undermines your image as a problem-solver, writes Brad Hoover, CEO of Grammarly. "When you use words with power and impact, and deliver on expectations, you are sharpening your image, bolstering your potential, and giving your career a chance to shine," he writes. CNNMoney/Fortune (1/17) LinkedInFacebookTwitterEmail this Story
  • What's a reasonable salary offer?
    When salary discussions come up during the hiring process, don't automatically ask for the top of the salary range, Alison Green writes. Also, an employer should be able to explain why your experience lands you at a certain salary levels, she writes. Ask A Manager blog (1/16) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Empty Voting Has Enormous Corporate Governance Implications
    Throughout 2012, TELUS Corp. and its shareholders were confronted with the implications of empty voting when Mason Capital sought to defeat TELUS' proposal to collapse its dual class voting structure. At the audio briefing Empty Voting and the TELUS Experience, at PLI Online on Jan. 28, learn how TELUS addressed the challenges presented by Mason Capital's largely empty position. LinkedInFacebookTwitterEmail this Story
  • A Conversation with the AIPLA Presidents
    Recently Gene Quinn had the opportunity to speak with Bill Barber and Jeff Lewis, who were, at the time, the soon-to-be-outgoing and soon-to-be-incoming presidents of the AIPLA, respectively. Quinn found that, despite being a volunteer position, the AIPLA president works every bit as hard and long as anyone else at the AIPLA, perhaps even harder in some respects. Check out the highlights of these interviews on PLI's Patent Law Practice Center. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Give me six hours to chop down a tree and I will spend the first four sharpening the axe."
--Abraham Lincoln,
16th U.S. president


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