| Volume 64 Number 6 |
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The People’s Lawyer’s Tip of the Day
As a general rule an employer may not require an employee to take a lie detector test. The employee may be required to submit to a test, however, if the employer is investigating a theft and has a reasonable suspicion that the employee may have been involved. Click here for more.
What Happens to Market if US Defaults
As Washington leaders continue to negotiate a deal to increase the federal debt limit, many Americans are wondering what will happen if they fail to reach an agreement and the United States defaults on its obligations. According to some market analysts, the result would be catastrophic. In all likelihood, the value of the dollar would plummet, stocks and bonds would nosedive, and interest rates would skyrocket. However, analysts insist it would be impossible to know exactly what would happen if a default occurs. Take a look at the market complexities at play. Click here for more.
Heat Wave Poses Risks to Elderly People
Did you know that the body's ability to regulate temperature through circulation and sweat glands decreases with age? The National Institute of Aging is encouraging men and women over the age of 65 to be especially careful outdoors during the intense summer heat. What are the signs of heat stroke? Click here for more.
Former Ohio AG to Lead Consumer Bureau
President Obama is expected to nominate former Ohio Attorney General Richard Cordray to lead the Consumer Financial Protection Bureau on Monday. You might be asking yourself - what about Elizabeth Warren? Although Warren is publicly supporting the move, it is clear that congressional Republicans effectively blocked her from assuming the agency's lead role. Warren, as a special assistant to the President, is setting up the bureau until a permanent director is officially appointed. Who is Richard Cordray and what can he do to help consumers? Click here for more.
Your Money
What is your projected cash flow? Click here for more.
For the Lawyers
MERS tracking is not a substitute for recording. The U.S. District Court, District of Oregon, held that a trustee violated state law in a non-judicial foreclosure of a loan. The court found that because no assignments of the deed were ever recorded, and they were only tracked by MERS, the trustee violated the Oregon Trust Deed Act. Click here for more.