Word: interesting
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Dates: during 1980-1989
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...think what encourages people is nothing they gain from being here, but attitudes they come in with," says Cassandra Q. Butts, a second-year student at Harvard. "And people often come in with an interest in public interest, but with the emphasis here on corporate law, they don't always leave with that attitude. There's heavy recruiting by large, high-paying firms, and students see an insurmountable number of loans they need...
...cynical view is that for firms, pro bono work is an opportunity for associates to have hands-on work on cases without botching up work for big clients," Butts says. "But some firms have partners with a real interest in putting the firms' resources behind assisting people who don't have the ability to hire a lawyer. There aren't a lot of firms like that...
Renewed attention to the perceived decline of interest in public service has prompted bar associations nationwide to adopt policies calling on their members to do pro bono work...
...institution afloat. In hearings held by the House Banking Committee, Congresswoman Marcy Kaptur of Ohio read a letter from a 65-year-old man who was persuaded by a Lincoln saleswoman that the ACC bonds were just as safe as insured certificates of deposit, paid a point more in interest, and ran only ten months. "If ACC goes under in ten months," she told him, "our whole economy is in trouble." Seven months later, ACC filed for bankruptcy and the retiree lost all his $65,000 -- "$1,000 for every year of my life," he wrote. Some 22,000 other...
Although they are now ostensibly taxed at the same rate as other income, capital gains already get favored treatment in two ways. First, they are only taxed when an investment is sold, unlike interest and dividends, which are taxed every year. An ideal free-market tax system would leave an investor indifferent between, say, a savings account paying 10% a year and a stock expected to rise 10% a year. But tax-free compounding means that, for a top- bracket taxpayer the after-tax profit on the stock will be 45% bigger after 20 years...