| Volume 31 Number 9 |
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The People’s Lawyer’s Tip of the Day
Don't think stopping payment on a check protects you from having to pay when a problem arises. If the check is transferred to another person, you probably will have to pay, even if you have a legitimate reason to not pay the person to whom you gave the check. Click here for more.
Consumer Prices in Record Decline
The key measurement of inflation, the Consumer Price Index ("CPI"), fell an astonishing 1% last month. "Deflation" means lower prices for consumers in grocery stores, electronic shops, and even the gas pump. Economist, however, worry this is a telling sign that the economy is truly in trouble. The larger concern driving the slump is the lack of demand. During the credit crisis, consumers haven't been willing to spend in the usual patterns. Although consumers may assume the benefit of lower prices, what does the big picture look like? Click here for more.
Bonds Paying Off
This year, the safest investors have received the largest returns. Bonds have recently outperformed the stock index funds. Although with high risk investors have the potential for higher reward, consumers may be better off making their investments in the Treasury department. Click here for more.
Auto Bailout Advocates Continue to Face Trouble
Before they could even get a word out, Big Three executives faced criticism from law makers on Capital Hill. GM insists that their liquidity is running dry. They anticipate running out of cash by the year's end. Opponents are weary of using taxpayer money to help an inefficient business. Will they ever complete a deal? Click here for more.
Your Money
Should I sell my funds now and invest the money elsewhere? Click here for more.
For the Lawyers
Payday lender didn't violate bankruptcy stay. The Sixth Circuit ahs held that a "payday" lender didn't violate the automatic stay in a Chapter 13 case when it cashed a post-dated check written by the debtor before she filed for bankruptcy. Click here for more.