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Oil Company Batista Leapfrogs After $5.8 Billion Debt Unanimity

Oil Company Batista Leapfrogs After $5.8 Billion Debt Unanimity   A former Brazilian billionaire’s oil company, Eike Batista Oleo & Gas Participacoes SA (OGXP3) jumped after creditors agreed to change $5.8 billion of debt into a 90 percent equity stake.   The company surged to 32 percent in Sao…>read more

No Comment December 26, 2013

Possible Reforms Threaten Law Schools

Possible Reforms Threaten Law Schools     As the legal industry dips and sways to the tune of the floundering economy, law school as an investment is in question. As the federal government seeks to receive a better return on its loans from students who…>read more

No Comment August 1, 2013

Obama Will Not Back Down from Bush Tax Cuts

Obama Will Not Back Down from Bush Tax Cuts   When President Barack Obama met with progressive and labor leaders Tuesday he said that he is committed to making sure the tax rates for high-income earners rises to the levels that occurred prior to George W. Bush taking office.…>read more

No Comment November 14, 2012

The Changing Face of Poverty

The Changing Face of Poverty Compared to the kings of yore, the average American obviously has the advantage with a more flattering wardrobe, technological devices undreamed of centuries ago, access to the world’s literature for free at libraries, access to foods from around the world,…>read more

No Comment August 1, 2012

Dewey’s Creditors Sell the Debt

Dewey’s Creditors Sell the Debt Dewey & LeBoeuf is still about 200 strong, but just as many of its top partners are moving on, so is its debt. Of the four banks whom Dewey owes $75 million, three of them — Citi Private Bank, Bank…>read more

No Comment May 25, 2012

Hollande defeats Sarkozy; World Market Nosedives

Hollande defeats Sarkozy; World Market Nosedives Two events have exacerbated the plight of European debt and unemployment: France’s election of Socialist Francois Hollande over former president Nicolas Sarkozy, and the seeming failure of Greece to elect a party that could form a government. The results? A…>read more

No Comment May 7, 2012

Lawyer Once High-hitting Success Now Being Bled to Death by Recession and Ex-wife

Lawyer Once High-hitting Success Now Being Bled to Death by Recession and Ex-wife In his heyday, David McLauchlan made upwards to $500,000 yearly, working for Lord Bissell Brook, but after 34 years, his marriage ended and Bissell fired him. In tackling a mortgage of over $900,000 on a Chicago townhouse worth a third…>read more

No Comment March 30, 2012

Law Firm Debt

Law Firm Debt In an instance when a law firm suffers and basically goes out of business due to dealing with so much debt, employers of the partners of those firms will often end up suffering from some of those problems as well.…>read more

No Comment November 17, 2011

Obama’s New Plans for Student Debt Are Not New

Obama’s New Plans for Student Debt Are Not New President Barack Obama but really think that recent graduates are stupid. Honestly, he thinks that graduates out there that are suffering under their crushing debt obligations in this economy where there are not enough jobs to go around, are so…>read more

No Comment November 16, 2011

Morning Roundup

Morning Roundup Good morning everyone! Today is Monday, April 19th, and here’s a look back at Friday’s stories… New law grads face a difficult economic climate… Associates at DLA Piper receive a 10% pay raise… Fitzpatrick, Cella, Harper & Scinto receive awards…>read more

No Comment April 19, 2010

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