| Volume 81 Number 5 |
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The People’s Lawyer’s Tip of the Day
Starting a new business can be risky, and the type of business determines your individual liability. If you run a business in your own name, or as a partnership, you are responsible for all the liabilities of the business. To protect yourself, consider operating the business as a corporation or limited liability company. An attorney can help you make the right choice.
For more general information about the law, check out my website. Click here for more.
Federal Reserve Lays Out Long Term Plans
Interest rates will remain low for the foreseeable future. As part of its economic stimulus program, the Federal Reserve plans to keep interest rates at or near record lows until the national unemployment rate drops below 6.5%. Although the Federal Reserve gives no specific date for potential changes to interest rates, the 6.5% number is the first concrete target to mark the end of its stimulus program.
The national unemployment rate recently fell to 7.7%. How long will it take to achieve unemployment below 6.5%?
Click here for more.
Facebook Changes Privacy Controls (Again)
Facebook has changed its privacy controls once again. This time, Facebook will be adding features to allow for faster access to privacy settings, the ability to split up application permissions, and greater control over what people can see. As part of the changes to privacy controls, Facebook will no longer allow users to hide from its search. In essence, if somebody enters your name in the search bar, it will appear.
To read about the latest changes to Facebook's privacy controls,
Click here for more.
AG Settles With Pfizer Over Zyvox & Lyrica
On Wednesday, Texas Attorney General Greg Abbott announced that Texas and 32 other states have reached a settlement agreement with Pfizer over the unlawful marketing of Zyvox and Lyrica. The investigation, dating back to 2005, found that the Pfizer marketing team made improper claims about its medications and promoted medications for "off-label" uses.
As part of the settlement, Pfizer must pay out $43 million and make numerous changes to its marketing and promotion practices.
To read about the settlement,
Click here for more.
Your Money
What's the true cost of paying the minimum on your credit card? Click here for more.
For the Lawyers
Six months of litigation did not waive arbitration. The Fourth Circuit held that a defendant did not waive its right to arbitrate, despite litigating for more than 6 months and conducting discovery. Click here for more.