| Volume 65 Number 5 |
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The People’s Lawyer’s Tip of the Day
Take advantage of the law and get a free copy of your credit report! There are three credit reporting bureaus and you're entitled to one free per year from each bureau. I suggest you get one every four months. Check your credit report for mistakes and report them immediately. Click here for more.
Federal Reserve to Keep Rates Low
Interesting news out of the Federal Reserve on Tuesday, as officials announced plans to keep interest rates "exceptionally low" until at least mid-2013. The move was unusual because the Fed rarely announces plans so far in advance. However, by releasing this ambitious plan now, the Federal Reserve is attempting to stimulate an economy that is still struggling. The Federal Reserve, which acts as the "central bank," acknowledged that economic growth throughout the United States is "considerably slower" than expected. Additionally, the job market has deteriorated, consumer spending has slowed, and the housing market remains depressed. Will the market turn around any time soon? Click here for more.
Stock Market Rebounds After Big Drop
On Monday, the Dow Jones industrial average plummeted 635 points in response to Standard & Poors downgrade of the United States credit rating. It marked the sixth worst one-day decline in over 100 years, and the worst one-day decline since 2008. Tuesday was a volatile day for trading too, but made significant gains in the final hours of trading. In fact, the Dow closed with a gain of 430 points, significantly reducing the blow of Monday's massive drop. Will the stock market remain this volatile? Click here for more.
Your Money
Should you consolidate your debts? Click here for more.
For the Lawyers
Seller of wine bottles liable under Deceptive Trade Practices Act for misrepresentation about vintage. A Texas appellate court held that a representation regarding wine was not a mere breach of contract and was actionable under the DTPA. Click here for more.