Faulty Mortgage and Sloppy Foreclosure Costs Top $72 Billion
2/23/2012 Flawed mortgages and careless foreclosure costs reached $72 billion at the major U.S. banks as the settlement of a 50-state investigation into the practices of the industry nears. JPMorgan Chase & Co., Ally Financial Inc., Wells Fargo & Co., Citigroup Inc. and Bank of America Corp., the five biggest home lenders during the […]
Auto Industry Getting Nervous Over Verdict on Honda Civic Mileage Case
2/23/2012 Honda is now bracing for a likely avalanche of legal challenges should the courts in California decide to uphold a recent verdict which awarded almost $10,000 to a woman who claimed that her 2006 Civic Hybrid did not perform exactly as promised by the maker. She found out that her Civic delivered lower […]
What to Do If Your Direct Mail Campaign Isn’t Working
When all of the elements of a direct mail campaign work together, your business can successfully reach out to a wealth of potential new clients and exciting new sources of revenue. When those elements aren’t in sync, you’re just throwing good money after bad. If your most recent direct mail efforts failed to yield much […]
Music Industry Starting to Feel Chirpy with Cricket Wireless
2/22/2012 The hope of the beleaguered music industry may be lying within the confines of a small corner store located in the City Heights section of San Diego. In an area crowded by Mexican, Somalian and Vietnamese restaurants, 40-year-old unemployed laboratory technician Larry Woelfel waited with a number of customers to purchase cellular phones […]
Environmentalists Calling for the Repeal of Louisiana Law against TED Enforcement
2/22/2012 Twenty-six conservation groups are calling for the repeal of a 24-year-old law in Louisiana which prohibits state wildlife agents to implement a federal law that require trap-doors for turtles in shrimp net. The law, which was passed in 1987, states that Louisiana will not enforce the federal law until a thorough and scientific […]
New Law in Asheville Allowing the Cutting of Trees around Billboards Causes Controversy
2/21/2012 Western North Carolina environmental and beautification groups are observing anxiously a Georgia court case that recently prevented billboard owners to cut the trees that are blocking their signs. A similar action is being considered by local groups against a new law in North Carolina. Ryke Longest, the director of Environmental Law and Policy […]
Ballot Initiative for State Regulation Being Considered by California Pot Industry
2/21/2012 A planned ballot initiative intended for the elections this November asks a vital question which dominates the medical marijuana industry in California: Can stricter state regulation prevent the federal government from shutting it down? Medical marijuana growers, dispensaries and a powerful local union are supporting an initiative which would regulate the $1.5 billion […]
Legal Problems of Wells, Chase and Bank of America Mount as New York Sues
2/20/2012 Eriic Schneiderman, the New York Attorney General, filed a lawsuit on Friday against the Big Three of the banking industry, namely, Bank of America, J.P. Morgan Chase and Wells Fargo, over the use of an electronic mortgage database, which played a major role in financing the historic housing bubble of the nation. The […]
Industry Stunned With News of the Death of Micron CEO in Plane Crash
2/20/2012 Micron Technology Inc, one of the memory chipmaker in the United States, yet suffered a major blow with the death of its Chairman and Chief Executive Steve Appleton Friday in a small plane crash. The unfortunate event came amidst a turbulent period for the chipmaker, which is already struggling with declining prices and […]
Kansas Immigration Law to Allow the Hiring of Undocumented Workers
2/18/2012 Rising antagonism have been faced by undocumented immigrants in Republican states like Alabama and Arizona. But an alliance of agricultural and business groups in Kansas puts forward a different message, and that is, the state needs these immigrants. Many states have enacted tough legislation following the controversial new immigration measure of Arizona, with […]