| Volume 50 Number 9 |
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The People’s Lawyer’s Tip of the Day
You can sue in small claims court for as much as $10,000. But you cannot just "take less" to get into court. If you are owed $11,000, you can't sue in small claims court for only $10,000. Click here for more.
Recall: Lexus LS 460
Toyota plans to issue a worldwide recall for the 2010 Lexus LS luxury sedan in order to address a steering problem. The recall is expected to include 11,500 vehicles, spanning the LS 460, LS 460L, and LS hybrid models. Do you own a Lexus LS? Click here for more.
Congress Taking Up Expensive Measures
In the new few weeks, Congress will begin considering a series of measures that could significantly increase the federal deficit. Tax breaks, estate tax, unemployment, state aid, education jobs, and war spending are among the measures Congress is expected to implement or extend. The expected price tag is $500 billion over ten years. Click here for more.
Unemployment Stalls Inflation
Two years ago, experts were in a panic over inflation. The Federal Reserve acted swiftly amid critics anticipating a collapse of the financial system. Today, inflation is virtually non-existent. Is that a good thing? The big factor keeping inflation low is record unemployment. As long as people aren't working, wages and consumption are reduced, effectively paralyzing inflation. If unemployment, wages, and consumption continue to constrict, deflation can begin to set in. Why is the potential for deflation so bad? Click here for more.
Your Money
How much should you save for emergencies? Click here for more.
For the Lawyers
Manufacturer can’t sue lawyer over advertisement. The California Supreme Court held that a state law protecting free speech insulates a product liability lawyer from liability for running an advertisement notifying consumers of potential claims against particular manufacturers. Click here for more.