The New York Times reports an interesting trend: more and more restaurants replacing tipping with a mandatory surcharge, or across the board increase in food prices, and the extra is shared with all employees of the establishment. Many hotels have been doing it for years, and...
As most of us say goodbye to summer and head back to work in the US after some time off, we have an opportunity to think about what a new season can bring to our business. Fresh thoughts and ideas, new ways of thinking of...
As a follow-up to my post the other day, it turns out the leader of the free world agrees with me that the third year of law school either needs to change dramatically or be eliminated. He was giving a talk at Binghamton University here...
As another school year is about to begin, a major additional drop in law school applications for the class entering now is quite startling. Applications are down 18%, and the number of applicants has dropped 12%, down the third year in a row. Wow. The ABA...
A champion for Wall Street, for women and for reverse mergers, Muriel "Mickie" Siebert passed the other day at age 80. Mickie was the first woman to own a seat on the New York Stock Exchange. She also took her brokerage firm public through a...
The "college for everyone" concept known as massive open online courses (MOOCs) seems to be evolving. A number of companies offering the populist-driven idea are not giving up. But they are, according to University World News, finding some challenges getting universities to offer college credit for...
With market indices rallying to all-time highs this summer, investors seem to be betting on a recovering U.S. economy. But more and more pundits are warning that the market may be over-hyping the still somewhat limited real growth in the economy. The U.S. unemployment rate declined...
There's a billboard near the NYC Midtown Tunnel that says, "The first person to live to 150 has already been born." Ultimately ineffective advertising since I can't remember who it was really for. But I remember the message. Medical advances one by one are eliminating...
My law firm is based in Los Angeles and I spend quite a bit of time there. When you arrive at a restaurant, it's easy to know when celebrities are inside. The paparazzi are outside. Of course celebrities have a love/hate relationship with the probably...
As with all exciting cultural developments, a new trend towards paying to "upgrade" your situation in jail started in California. Sadly, it is more because the general prison situation there is so horrid and municipalities are so strapped for cash than because of some exciting...