| Volume 58 Number 7 |
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The People’s Lawyer’s Tip of the Day
A good way to protect yourself when you move out of your apartment is to tell the landlord to keep the security deposit as the last month's rent, right? Wrong! Under Texas law, withholding your last month's rent could result in a penalty of twice the rent plus an additional $100. Click here for more.
25 Top Paying Employers
Fortune magazine has released the latest list of top 25 paying companies. The list is headlined by Salesforce.com, a business software company, and also includes well-known companies like Goldman Sachs, Boston Consulting Group, Qualcomm, and Cisco. At Salesforce.com, average salary stands at $318,323 per year, while many of the other companies aren't far behind. Click here for more.
Verizon to Offer New Data Plan for iPhone
Are you a Verizon subscriber? Are you planning to purchase the iPhone 4 when Apple releases the phone to Verizon customers next month? Verizon will introduce a brand new, $30 unlimited data plan. Verizon's existing $15 a month plan, which limits consumers to 150 megabytes of data, will not be available to new subscribers. If you're interested in the unlimited data plan, act fast! Verizon will only offer the unlimited data plan for a limited time. Verizon's chief competitor, AT&T, eliminated the unlimited data plan around the time the iPhone 4 was introduced in favor of a metered plan. Verizon will eventually move to a metered plan as well. Click here for more.
Ford Recalls 400,000 Vehicles
Ford Motor Company has issued a recall for more than 400,000 Windstar minivans to fix brackets and mounts. Without the fix, drivers could lose control of the vehicle. The recalls covers 425,288 minivans made from 1999-2003. Is your Ford subject to recall? Click here for more.
6% of Americans Subscribe to Netflix
Netflix released its fourth quarter report this week. Over the past year, Netflix subscriptions have increased by 63% to a staggering 20 million consumers. Netflix now serves 6% of the entire United States population. Will Netflix continue its dramatic growth? Click here for more.
Your Money
How much of your bonus do you keep after taxes? Click here for more.
For the Lawyers
United States Supreme Court holds that Truth in Lending Act regulation does not require a bank to notify a credit card holder in advance that finance charges would be increased to a pre-set contractual rate. The Court noted “This case presents the question whether Regulation Z requires an issuer to notify a cardholder of an interest-rate increase instituted pursuant to a provision of the cardholder agreement giving the issuer discretion to increase the rate, up to a stated maximum, in the event of the cardholder's delinquency or default. We conclude that the version of Regulation Z applicable in this case does not require such notice.” Click here for more.