| Volume 35 Number 10 |
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The People’s Lawyer’s Tip of the Day
Don't sign a contract to buy a car unless you are sure it is the car you want to purchase. Contrary to what many people believe, the law does not give you three days to change your mind. Once you sign, you are legally bound. Click here for more.
Airlines Offer Discounts to Offset Plunging Demand
As the U.S. economic situation continues to get worse, airlines are finding the need to make dramatic price cuts. Unfortunately, even with a 15% airfare drop in February, consumers simply aren't flying. In fact, during that same period in February, revenues dropped by 18%. Southwest Airlines has been the most aggressive of the carriers, offering discount rates of $39 within the state of Texas, and rates as low as $49 outside the state of Texas. Click here for more.
Introducing the $2000 Car
Tata Motors, out of India, has introduced the "world's cheapest car." The Nano, as it is called, was designed with the goal of increasing automobile ownership throughout India and beyond. The ultra-affordable car is about 10 feet long and seats four. Tata Motors will begin accepting orders on April 9, 2009. Click here for more.
Small Car Dealers Fading Away
Independent car companies are struggling in the volatile economy. Amid building debt, reduced sales, and consolidation, neighborhood auto dealers across the country are closing. The United States lost about 900 car dealerships last year, 66% percent of which were single-brand dealers. Will the new dynamics of the auto industry affect your bottom line? Click here for more.
Your Money
What will it take to save for a goal? Click here for more.
For the Lawyers
To prove willful violation of Fair Credit Reporting Act consumer must show agency acted knowingly or recklessly. The Eleventh Circuit noted that, "To prove a reckless violation, a consumer must establish that the action of the agency 'is not only a violation under a reasonable reading of the statute's terms, but shows that the company ran a risk of violating the law substantially greater than the risk associated with a reading that was merely careless.'" Click here for more.