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Category Archives: Economy

LLRX October 2019 New articles and columns

Articles and Columns for October 2019 Blockchain: What Information Professionals Need to Know – Anna Irvin, Ph.D. and Janice E. Henderson, Esq. presented this comprehensive 64 page guide at the LLAGNY Education Committee Program on October 15, 2019. The guide is an multidisciplinary resource that includes: articles from law, business and finance journals, CLE programs/materials,… Continue Reading

How Much Would You Pay for a Houseplant?

The New York Times:  Four-figure price tags. Destination auctions. Yearslong wait-lists. Rare plant collectors aren’t messing around. “…Countless articles have attempted to unspool millennial motivations for loving plants: They’re a replacement for kids, a respite from urban cityscapes, a totem of climate anxiety, a life preserver to which one can cling in uncertain times, a… Continue Reading

Being a Law Firm Partner Was Once a Job for Life. That Culture Is All but Dead

WSJ.com [paywall]: “At the modern law firm, not all partners are created equal, and data and billings rule – “Four hundred of Kirkland & Ellis LLP’s top lawyers gathered in May at an oceanfront resort in Southern California to toast another banner year. Kirkland was the highest-grossing law firm in the world for the second… Continue Reading

401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500

“The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020.… Continue Reading

Warehouses Are Tracking Workers’ Every Muscle Movement

Bloomberg – Walmart and other companies are testing a monitoring device for workplace safety made by a startup called StrongArm. “..StrongArm says it has about 30 clients, including Heineken NV and Toyota Motor Corp., and is also establishing relationships with insurance companies interested in ways to reduce workers compensation costs. Walmart says it’s testing StrongArm… Continue Reading

What Would Happen If the Internet Went Down … Forever?

Popular Mechanics – “…So how long could society carry on without the internet? However implausible, it’s nonetheless a scenario that futurists, economists, and IT workers spend considerable time contemplating. “Eliminating all internet communications, even if only for a few days, would inflict huge economic costs,” says Thomas Hazlett, who served as chief economist of the… Continue Reading

Blockchain: What Information Professionals Need to Know

Via LLRX – Blockchain: What Information Professionals Need to Know – Anna Irvin, Ph.D. and Janice E. Henderson, Esq. presented this comprehensive 64 page guide at the LLAGNY Education Committee Program on October 15, 2019. The guide is an multidisciplinary resource that includes: articles from law, business and finance journals, CLE programs/materials, smart contracts, Westlaw and… Continue Reading

Reimagining the Legal Function

Artificial Lawyer – “If you’re in any doubt that legal functions are facing a need for radical change, then consider these three statistics from our recent study of 1,000 in-house legal departments worldwide.  First, 87% of respondents say their legal function has seen either a large or moderate rise in demand over the past five years. Second, against the background of this… Continue Reading

D.C. Nonlawyer Partner Rule Spurs Interest as States Mull Change

Via Mary Whisner – Sam Skolnik, D.C. Nonlawyer Partner Rule Spurs Interest as States Mull Change, Bloomberg Law News: “Some law firms in the nation’s capital have incorporated non-legal experts as co-owners, capitalizing on a unique District of Columbia Bar rule modification that could be instructive as changes to the same rule are considered elsewhere.… Continue Reading

Kentucky among 9 states blocking climate action

“Flash floods have troubled Kentucky for decades. Now, extreme rainstorms are worsening with climate change, increasing the odds of more disasters like the one Bentley’s community endured. For Kentucky’s poorest residents, the people living in flood-prone hollows with surface mines nearby, that means an ever-present threat to both life and hard-won possessions.  But the state… Continue Reading

Ten facts about the economics of climate change and climate policy

A joint report from The Hamilton Project and the Stanford Institute for Economic Policy Research, Ryan Nunn, Jimmy O’Donnell, Jay Shambaugh, Lawrence H. Goulder, Charles D. Kolstad, and Xianling Long, October 23, 2019. “The world’s climate has already changed measurably in response to accumulating greenhouse gas (GHG) emissions. These changes as well as projected future… Continue Reading