Likewise, the Congressional Budget Office may have underestimated the extent to which students will be eligible for the federal Income-Based Repayment plan, a relatively new innovation. IBR caps student loan repayment at 15 percent of adjusted gross income. Extensive use of that plan would both reduce revenues and create a shortfall in program funding for new loans. With approximately $200 billion in student loans each year, and high amounts projected in years to come, a 10 percent shortfall in repayments under IBR could amount to $20 billion to $30 billion lost. … [Read more...] about The Law School Bubble: How Long Will It Last if Law Grads Can’t Pay Bills?
Write off bad debt journal entry
Texas Agriculture Law BlogEverything’s bigger in Texas, and that includes the legal battles. Environmental laws, animal safety, real estate and property issues, food safety and fracking are all issues that Texas farmers and ranchers have to contend with, and this blog does a great job of analyzing how recent court decisions or state legislation can affect them. Texas has long been on the cutting edge of energy law, and this blog also offers excellent examinations of how energy companies and agriculturists are dealing with their often-competing interests. … [Read more...] about 10th Annual Blawg 100
As a child, Taylor had always been taught that police officers were the good guys. She learned to respect law enforcement, as she puts it, “all the time, all the way.” She went on to become a cop because she wanted to help people, and that’s what cops did. She wanted to fight sexual assault, particularly predators who take advantage of children. To go into law enforcement—to become one of the good guys—seemed like the best way to accomplish that. By the late 1990s, she’d risen to the rank of detective in the sheriff’s department of Lincoln County, Mo.,—a sparsely populated farming community about an hour northwest of St. Louis. She eventually started a sex crimes unit within the department. But it was a small department with a tight budget. When she couldn’t get the money she needed, Taylor gave speeches and wrote her own proposals to keep her program operating. … [Read more...] about How did America’s police become a military force on the streets?
Even with the benefit of hindsight, most former Dewey partners and law firm experts the ABA Journal spoke with are shocked about the indictments. “I was embarrassed that I had been a partner of a firm that managed its own business affairs so poorly, but I did not believe that there would be criminal allegations against anyone at the firm,” says McCarthy, who stresses that Davis and DiCarmine did a lot of good things at Dewey, such as increase diversity and emphasize pro bono work. “I thought our issues had to do with mismanagement, mistakes and some bad luck,” such as the recession starting just as Dewey Ballantine and LeBoeuf merged. … [Read more...] about How Dewey management’s rosy picture masked an ugly truth