| Volume 32 Number 6 |
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The People’s Lawyer’s Tip of the Day
When you move from your apartment, be sure to give your landlord your forwarding address. Assuming you were current in your rent, Texas law gives your landlord 30 days to return your security deposit, but only if you left a forwarding address. To see your rights as a tenant, Click here for more.
Americans' Debt Falls
For the first time in recorded history, Americans' debt fell by 0.8%. Simultaneously, their next worth declined by the largest amount on record. The reports indicate that consumers are spending less. In the middle of a credit crisis, it also demonstrates how difficult it is to come by borrowed money. Is this a sign of difficult economic times, or more responsible money management? You be the judge. Click here for more.
KB Toys to Shut Down
KB Toys, running over 400 stores, has filed for Chapter 11 bankruptcy. The company plans to immediately begin a "going out-of-business" sale, followed by closing all of it's doors. Citing a sharp decline in consumer spending, KB Toys is now among the many retails to succumb to the economic recession. Click here for more.
Google Debuts New Web Browser
This week, Google debuted it's new web browser - "Chrome." After a mere 100 days in the "beta" phase, Google has entered into direct competition with Microsoft's "Internet Explorer" and Mozilla's "FireFox." "Chrome" has a long way to go - "Internet Explorer" holds 70% of the market share. Click here for more.
Your Money
How will taxes and inflation affect my savings? Click here for more.
For the Lawyers
Trial court has no discretion and must compel arbitration. A Texas appellate court has held that once a party seeking to compel arbitration establishes that an agreement exists under the Federal Arbitration Act and that the claims raised are within the agreement's scope, the trial court has no discretion but to compel arbitration and stay its proceedings pending arbitration. Click here for more.