Monday, April 27, 2015
The New York Times reports:
Jonathan Wang has not practiced law since he graduated from Columbia Law School in 2010, but he did not plan it that way.Did Columbia Law School engage in false and deceptive advertising by not fully informing applicants the risks of gainful employment after law school?
When he entered law school, the economy was flourishing, and he had every reason to think that with a prestigious degree he was headed for a secure well-paying career. He convinced his parents, who work in Silicon Valley, that he had a plan. “I would spend three years at school in New York, then work for a big law firm and make $160,000 a year,” said Mr. Wang, 29. “And someday, I would become a partner and live the good life.”
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Sunday, April 26, 2015
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The bottom line of earnings season adds up to this: companies are running into big trouble with their top lines.Just a reminder.
While companies generally tend to beat both earnings and revenue expectations, this year more have missed their first-quarter top-line estimates than beaten.
Out of the first 201 S&P 500 Index companies to report first-quarter earnings, only 47 percent have beaten revenue estimates, according to FactSet. If this number holds, it will be the first time that more companies have missed than beaten earnings expectations since the first quarter of 2013.
Now, analysts on the whole expect to see S&P 500 revenue fall 3.5 percent year-over-year, whereas they had expected just a 2.6 percent drop when the first quarter ended.
Posted by Steve Bartin at 6:42 PM
A Commitment to Honesty, Transparency, and Accountability : ' Without question the Foundation’s accomplishments stand on their own. From fighting obesity by helping create healthier learning environments '
The Clinton Foundation responds to the notion that some have that they are a racketeering enterprise:
Over the past few days, many questions have been raised about the Clinton Foundation, its initiatives, and the financial support that allows us to do the uniquely impactful philanthropic work that we do at home and around the world.A role model in fighting obesity!
Without question the Foundation’s accomplishments stand on their own. From fighting obesity by helping create healthier learning environments for more than 16 million students; to working to combat one of our greatest global threats, climate change; to lowering the price of lifesaving antiretroviral drugs that have benefited more than 9 million people fighting HIV/AIDS; one thing is clear, the Clinton Foundation has not been afraid to take on big challenges and see real results.
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Former President Bill Clinton stepped down from his position at Laureate International Universities, part of Laureate Education Inc., on Friday. His five-year term as "honorary chancellor," the company and Clinton's staff said, had expired. But Peter Schweizer, the conservative author of a forthcoming book examining the Clintons’ financial dealings, suggests a different explanation: Clinton actually resigned in order to avoid a wave of negative publicity.The book that's making news.
Bloomberg Politics has obtained a chapter of the book describing what Schweizer presents as a “troubling” co-mingling of official State Department business with the private financial affairs of Bill Clinton and a nonprofit run by Laureate’s chairman, Douglas Becker.
Laureate, which runs for-profit colleges, hired Clinton just as the Obama administration began drafting tougher regulations for federal financial aid that goes to students who attend for-profit colleges. Around the same time, the Senate committee on Health, Education, Labor and Pensions launched an investigation into the industry. In his book, Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich, Schweizer writes that after Bill Clinton accepted the position at Laureate in 2010 in exchange for unspecified payment, his wife “made Laureate part of her State Department Global Partnership.” The State Department subsequently provided tens of millions of dollars to a nonprofit chaired by Becker, the International Youth Foundation.
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Colorado prison ‘a high-tech version of hell’ . The Colorado Supermax prison houses the worst of the worst among federal inmates, most in utter isolation. Dzhokhar Tsarnaev may soon call it home.
The Boston Globe reports:
What distinguishes the ADX, as it’s known, from other federal prisons is that it was designed for solitary confinement. Many of the more than 400 prisoners are required to spend 23 hours a day alone in their 7-by-12-foot concrete cells, where they receive all their meals on trays slid through small holes in the steel doors, see limited natural light from a sliver of a window, and are permitted little contact with anyone other than guards and staff.Prison.
When prisoners are allowed out of their cells, they are escorted by multiple guards and are required to wear leg irons, handcuffs, and belly chains. Their recreation hour is usually spent in a small outdoor cage, which is surrounded by high gray walls with a view of the sky etched by barbed wire.
Posted by Steve Bartin at 4:06 AM
Was Obama's very public endorsement of Chicago Mob banker Alexi Giannoulias a payback to the Chicago Mob ?
Posted by Steve Bartin at 3:43 AM
Sen. Ted Cruz argued Saturday that Democrats have become so extreme and "intolerant" of religious views that "there is no room for Christians in today's Democratic Party."Ted Cruz dares to speak against bigotry.
"There is a liberal fascism that is dedicated to going after believing Christians who follow the biblical teaching on marriage," the Texas Republican said in his speech before a Christian conservative audience in Waukee, Iowa.
Cruz joined eight other presidential candidates and potential contenders on stage at the Iowa Faith and Freedom summit, where speakers railed against what they see as threats to religious liberty. For his part, Cruz alluded to business that faced pushback for declining to cater to same-sex weddings.
Many of the speakers also pointed to the recent debate over an Indiana religious liberty law that was designed to protect those who objected to participating in same-sex marriage ceremonies. But the law came under fire from critics who said it was discriminatory against same-sex couples, and its language was subsequently tweaked.
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The Baltimore Sun reports:
A day of mostly peaceful rallies to protest the death of Freddie Gray turned confrontational as dark fell over Baltimore on Saturday with demonstrators smashing the windows on police cars, blocking traffic near the Inner Harbor and shouting, “Killers!” at officers dressed in riot gear.Blue America breakdown.
More than 100 officers — wearing helmets, gloves and vests and carrying batons — formed a wall along several blocks of Pratt Street, and began to make arrests. State police in full tactical gear were deployed to the city to respond to a crowd that was becoming unruly.
Protesters shouted: “Killers!” and “You can't get away with this!” and “Hands up don't shoot!” Some threw rocks, water bottles, even hot dog buns and condiments at police mounted on horses, smashed windows at local businesses and looted at least one convenience store.
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