|The People's Lawyer Consumer News Alert|
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The People’s Lawyer’s Tip of the Day
If you die without a will, the law determines who will inherit your property. Only if there are no living heirs will it go to the state. In Texas, as a general rule, if you die without a will your property goes to your spouse, if you do not have a spouse, your children, if no children your parents, if they are not alive brothers and sisters, and so on. Click here for more.
Banks Continue to Fail
The total number of 2009 bank failures has risen to 32. As a result of the continued failures, the Federal Deposit Insurance Corp. has been burdened with covering significant losses to protect consumer deposits. The Silverton Bank failure alone will cost the Deposit Insurance Fund an estimated $1.4 billion. Will the burden on the FDIC become too great? Click here for more.
Chrysler Aftershocks to Hit Industry Hard
Last week, Chrysler announced a plan to shut down its plants for at least 30 days as it tries to complete its bankruptcy reorganization. Likewise, General Motors announced they will be closing plants for 11 weeks this summer to lighten up excess inventory. As a result of the planned closings, experts insist these shutdowns almost ensure that there will be many failures in the auto parts sector. What does this mean for the future of the automotive industry? Click here for more.
Swine Flu - Stay Current
Do you want to know the latest updates from the CDC on the H1N1 ("swine flu") outbreak? Are you planning to travel? Do you want some simple tips to prevent infection? Consumer Reports has you covered. Click here for more.
People's Law School Presentations
The University of Houston Law Center Center for Consumer Law hosts the People's Law School twice a year. Although the next session won't take place until October, you can now review Power Points from previous sessions. Click here for more.
What's the best kind of credit card for me? Click here for more.
For the Lawyers
Golfer can't be sued for failure to yell "fore." The New York Appellate Division has held that a golfer can't be sued for negligence even if he failed to yell "Fore!" before hitting a shot that struck his playing companion in the eye. Click here for more.
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