A couple of big, fat casebooks on Mergers and Acquisitions, and Federal Courts. Or that’s what I should be reading. You see I’m in my last semester of law school, and finding the inspiration to study for this last round of finals exams has been, let’s say, not the easiest thing in the world. But still, I would like to close my law school career with something better than a bunch of C’s. So, in lieu of a proper post, here are a couple of things being talked about in the blogosphere that caught my eye.
Bernanke says the worst is over, or at least we’re getting there:
NEW YORK (CNNMoney.com) – Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy is stabilizing and will begin to rebound later this year, but the recovery will be slow and cautious.
At a hearing of the Joint Economic Committee of Congress, Bernanke said consumer sentiment, the housing market and spending have begun to show signs of life.
But he expects the economy will continue to shed jobs and credit will remain tight for some time. He said the recent frugality trend will continue due to deflated household wealth, and business spending will be slow to bounce back as well.
“We continue to expect economic activity to bottom out, then to turn up later this year,” said Bernanke in prepared testimony. “Even after a recovery gets under way … we expect that the recovery will only gradually gain
momentum and that economic slack will diminish slowly.”
Republicans are at one another’s throats:
Sen. Jim Bunning (R-Ky.) blasted Senate Minority Leader Mitch McConnell (R) today, accusing his fellow Kentuckian of poor leadership and blaming him for GOP losses.
“Do you realize that under our dynamic leadership of our leader, we have gone from 55 and probably to 40 (Senate seats) in two election cycles, and if the tea leaves that I read are correct, we will wind up with about 36 after this election cycle,” Bunning told reporters on a conference call, according to the Courier-Journal. “So if leadership means anything, it means you don’t lose…approximately 19 seats in three election cycles with good leadership.”
A reporter asked Bunning if he was talking about McConnell.
“Obviously,” Bunning replied. “Do you want me to spell it out for you?”
Bunning also criticized McConnell for not fully supporting his re-election bid, comparing his vigor to that of Arlen Specter, who Republican leaders had supported until he switched parties.
The worst is apparently not over for them.
And, South Florida Lawyers has a lesson for Glenn Garvin on truthiness.
Okay, back to the grind.