This is from the White House’s very own blog, from the personal keyboard of Alan Krueger, Chairman of the Council of Economic Advisers:
The household survey showed that the unemployment rate ticked up to 8.3% in July (or, more precisely, the rate rose from 8.217% in June to 8.254% in July). Acting BLS Commissioner John Galvin noted in his statement that the unemployment rate was “essentially unchanged” from June to July.
And so is our economic recovery “essentially unchanged” from 2009 to 2012.
A beef about lawyers’ fees in a bankruptcy exposes some attitudes about actual work. In the Washington Mutual bankruptcy case, finally wrapping up the last details—like allocating the legal fees—generated this argument: some of WaMu’s creditors didn’t like the size of the fees awarded, since those would cut into the creditors’ recovery.
The core of the beef was that the billing included 24-hour days and working through weekends, resulting in weeks’ worth of work without breaks.
Hmm….
Any graduate student would be familiar with that.
And the bankruptcy judge on the case, Mary Walrath, an ex-bankruptcy lawyer herself, was having none of it, either.
The day I started at my firm they filed a huge Chapter 11 case and I did not take a day off for six months. I am not surprised that there were many days of even 24 hours because I spent those times in the office as well.