Despite the slowing economy, energy and environmental policy is poised for dramatic change under an Obama administration, according to CNET News. Renewable energy advocates and environmentalists anticipate a comprehensive national energy plan focused on fostering clean-energy technologies, states the report. CNET quotes Dan Farber, a Professor of Law at the University of California at Berkeley, [...]
The country may be slipping into recession, but its boom time for a growing number of attorneys as the bailout is creating no shortage of work for a number of top firms. While the New York Times reports that a number of law firms are in fact cutting back and trimming their ranks, top bankruptcy [...]
UBS has raised more than $1.5 billion for a new long-term infrastructure investment fund and plans another offering for next year, according to the FT. The report argues the move underscores the sector’s relative resilience to the financial crisis. The bank’s global asset management division said the committed capital it raised was more than its [...]
The voters have chosen. Barack Obama will be the 44th President of the United States. Looking ahead, as President, Obama will be forced to tackle a slew of domestic issues, including the faltering economy, healthcare…and the nation’s crumbling infrastructure. In fact, he will now have to consider as one of his first items Congress’ next [...]
In the final weeks leading up to Election Day, Democratic Presidential contender, Barack Obama, said he could not “imagine anything more important to talk about” than Americans’ losing their jobs, healthcare and homes. Meanwhile, Republican Presidential hopeful, John McCain, has said sweeping reform in the way Washington works is needed to restore confidence in the [...]
As the U.S. economy slows and volatility plagues the financial markets, restructuring specialists are in growing demand. Amid the turmoil, few U.S. companies will readily find lenders, forcing them to opt for some sort of restructuring in or out of a bankruptcy court, reports IDDMagazine.com. The report quotes Mark Shapiro, Head of Restructuring and Finance [...]
Anticipating a surge in lawsuits and other legal work spurred by the economic crisis, law firms are staffing up and creating task forces to advise financial firms, investment funds and local governments on how to deal with the turmoil. Top law firms are also experiencing a boom in work advising banking clients in mergers and [...]
It’s estimated that 4.2 million green jobs are expected to be added to the U.S. workforce over the next 30 years, accounting for 10% of new job growth, according to a recent report by Global Insight. California Governor, Arnold Schwarzenegger, is a vehement supporter of clean technologies. In fact, he says solar power and other [...]
Treasury Secretary Henry Paulson issued a recent warning that recent market turmoil had “seriously impacted” the economy and that more U.S. financial firms would go bankrupt, according to the AP. Paulson says the $700 billion bailout package would take several weeks to put in place and it would not mean an end to bankruptcies. Moreover, [...]
Facing a recession, New York Governor David A. Paterson’s administration recently announced it would set up a commission to explore ways to privatize public assets, including the lottery system and the Tappan Zee Bridge. The Governor’s office says right now identifying new ways by which the State finances and delivers infrastructure projects is paramount. “Creating [...]
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