| Volume 14 Number 6 |
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The idea of Father's Day was conceived by Sonora Dodd of Spokane, Wash., while she listened to a Mother's Day sermon in 1909. Dodd wanted a special day to honor her father, William Smart, a widowed Civil War veteran who was left to raise his six children on a farm. A day in June was chosen for the first Father's Day celebration; June 19, 1910, proclaimed by Spokane's mayor because it was the month of Smart's birth. The first presidential proclamation honoring fathers was issued in 1966 when President Lyndon Johnson designated the third Sunday in June as Father's Day. Father's Day has been celebrated annually since 1972 when President Richard Nixon signed the public law that made it permanent. Click here for more.
The People’s Lawyer’s Tip of the Day
Writing a check when you do not have enough money in the bank is criminal and criminal charges may be filed. Stopping payment on a check because you are dissatisfied with the goods or services purchased is not, provided the money would have been available to pay it if payment had not been stopped.
Your Employer's Bankruptcy: How Will It Affect Your Employee Benefits?
If an employer declares bankruptcy, it will generally take one of two forms: reorganization under Chapter 11 of the Bankruptcy Code, or liquidation under Chapter 7. A Chapter 11 (reorganization) usually means that the company continues in business under the court's protection while attempting to reorganize its financial affairs. A Chapter 11 bankruptcy may or may not affect your pension or health plan. In some cases, plans continue to exist throughout the reorganization process. In a Chapter 7 bankruptcy, the company liquidates its assets to pay its creditors and ceases to exist. Therefore, it is likely your pension and health plans will be terminated. Click here for more.
FTC Consumer Complaint Form
Use this form to submit a complaint to the Federal Trade Commission (FTC) Bureau of Consumer Protection about a particular company or organization. This form also may be used to submit a complaint to the FTC concerning media violence. The information you provide is up to you. However, if you do not provide your name or other information, it may be impossible for us to refer, respond to, or investigate your complaint or request. Click here for more.
As 10-Year Note Yield Rises, Stocks Spiral Down
The interest-rate worries looming over Wall Street took on an ominous tone Tuesday as the benchmark 10-year Treasury yield rose to its highest level in more than five years, sending stocks tumbling again. Click here for more.
Your Money
Fifteen year or thirty year fixed mortgage,which is right for you? Click here for more.
For the Lawyers
Law firm's arbitration clause struck down. The 9th Circuit has held that an arbitration agreement that California-based law firm O'Melveny & Myers has required its employees to sign since 2002 is unenforceable under California law. Click here for more.