| Volume 66 Number 6 |
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The People’s Lawyer’s Tip of the Day
How do you know if something is fact or "urban legend"? The next time someone tells you about an easy way to make a lot of money, get free gift certificates or secret codes for withdrawing money from an ATM, chain-letters that work, strange effects from everyday products, or anything else that just doesn't seem right, check it out! Click here for more.
Netflix Subscribers Flee After Price Hike
Netflix angered many of its customers in July when it announced a price hike. For $9.99, Netflix consumers could get one DVD at a time and unlimited access to instant streaming services. On Thursday, that all changed. Now, consumers who want both services will need to fork out at least $15.98 a month. When the price change was initially announced, consumers threatened to leave in in droves. Since the announcement of the price change, Netflix has lost 1.6 million subscribers. Despite the loss, Netflix still expects its subscriber base to reach 28.8 million by the end of the year. Click here for more.
Consumer Prices & Unemployment Rise
Last week, unemployment claims hit a three month high. Over the months of July and August, the Consumer Price Index (CPI) rose by 0.9%. The numbers represent an economy on shaky ground, facing inflationary pressures and a depressed job market. What impact will inflation have on your life? What can be done to resolve the problem of unemployment? Click here for more.
Your Money
What is the future value of an annuity? Click here for more.
For the Lawyers
Plaintiff suing drawer of check is entitled to attorney’s fees. The Texas Supreme Court held that a suit under Article 3 of the UCC is a suit for breach of contract. The court stated, “We must determine whether a suit by a check's holder against its drawer under section 3.414 is a claim on a contract to which section 38.001(8) applies. We conclude that it is.” Click here for more.