| Volume 31 Number 10 |
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Last alert until after Thanksgiving. Enjoy your turkey!
The People’s Lawyer’s Tip of the Day
More and more stores are again using lay-away to let you make weekly payments. But be careful, Texas has no law regulating lay-away. Read your contract carefully before you sign. Be sure to check how much money you will get back if you change your mind and don't make all your payments. Click here for more.
Strike Gold on Black Friday
It's the biggest shopping day of the year! Despite the sour economy, a huge turnout for the November 28th sales is still expected. This strategy guide will help you get the most bang for your buck. Some stores will have new deals going on throughout the day. Other stores advertise the so-called "door busters." Although these deals are generally extraordinary, they are also extremely limited. As an alternative to waiting in line overnight for the one great deal, this year you may find that shopping online provides some similar deals without all the hassle. Plan ahead! Be prepared to make the most of your time and your money on this Black Friday! Click here for more.
GM Makes Cuts to Stay Afloat
GM is searching for every possible way to save money. In fact, all company checks over $1,000 must now be approved by a senior VP. Also, the annual holiday party for the media has been canceled. Yet, after flying to Washington in private jets, the Big Three did little to help their efforts to obtain government assistance. If a bailout doesn't come soon, GM is prepared to seek bankruptcy protection. As the likelihood of a bailout gets smaller, what is the next step for GM? Click here for more.
Obama Targets 2.5 Million Jobs
President-elect Obama announced a plan to introduce and save 2.5 million jobs with an economic stimulus package. As Obama prepares to make his cabinet appointments, he continues to to develop initiatives that will address the economic crisis now, while also making investments for the economic future. What can you expect of Obama's economic policy? Click here for more.
Your Money
Which is better - term or universal life? Click here for more.
For the Lawyers
Lender didn't waive the TILA “accuracy” defense. The Third Circuit has found that a mortgage lender didn't waive its defense that its loan disclosures were sufficiently accurate to avoid liability under the federal Truth in Lending Act. The court held that the "defense is general, and that a defendant need not specifically raise the Act’s tolerances provision in order to avoid liability for disclosure errors that fall within its range." Click here for more.