| Are Senior Associates Making More Than New Partners?
The silver lining is that firms put more into a partner's retirement plan than they do for associates. Hogan & Hartson responded to the compression issue last year by raising salaries. "We went ahead and adjusted the base compensation of our more junior partners to be sure they would be paid more highly than associates," says Chairman J. Warren Gorrell Jr. Hogan & Hartson pays senior associates a base salary of roughly $280,000. Junior partners in the firm's Washington office make roughly $400,000 annually. Gorrell adds that in recent years, Hogan & Hartson has also moved more of the base pay for junior partners into annual salary rather than holding money back for end-of-year bonuses, so lawyers know what to expect in compensation. Ward Bower, a consultant at Altman Weil's Newtown Square, Pa., office, says firms that matched associate pay in the salary wars are struggling to keep partners happy.
See if you can guess who drives which vehicle
The Avalanche-Journal found six widely recognized individuals who were capable of putting words with the contours of metal and glass to explain their particular choice in a vehicle. Readers are invited to match the wheels with the person by means of their descriptions. Jot down your guess in the box to the right of their picture. Answers are on Page B2. City Councilman Floyd Price takes mostly the pragmatic explanation for his selection and leaves unspoken the impressive eye-appeal of the vehicle that he is most often seen driving when he roars past. Linda DeLeon, who also sits on the City Council, makes no apologies for the car she gave to herself as a kind of retirement gift in 2004. But she alludes to an aura of luxurious power when describing it.
Forget brain drain: Colleges flood labor market with Ph.Ds
Groups such as the Business Roundtable have grabbed headlines with urgent warnings about the need to ramp up production of American scientists. In fact, Teitelbaum testified to Congress last year, there is no evidence of a shortage of scientists and engineers - particularly on the Ph.D. track. .
Clinton, McCain win; tax measure passes
As expected, Sen. Hillary Clinton swept to victory Tuesday in Florida's delegate-less Democratic presidential primary. In the Republican contest, John McCain defeated Mitt Romney, capturing 57 GOP delegates. ''Florida has always been a special place for me and it is all the more so tonight,'' McCain said during a victory celebration in Miami. ``Our victory might not have reached landslide proportions, but it is sweet nonetheless.'' Rudy Giuliani, destined to finish a distant and crushing third or fourth in a state he absolutely needed, seemed ready to drop out of the Republican race. ''Win or lose, our work is not done,'' Giuliani said Tuesday night during a rally in Orlando. ``You don't always win, but you can always do it right.'' In another contest of major interest to Floridians, voters approved a constitutional amendment intended to rein in the state's rising property taxes.
Southwest Florida EverBank Loan Production Office Relocates to ...
JACKSONVILLE, Fla., Nov. 6 /PRNewswire/ -- EverBank, one of Florida's fastest growing financial services companies, announced the relocation of its Southwest Florida Loan Production Office (LPO) from Bradenton to its new office on Cooper Creek Blvd. in University Park. The loan production office will process loan applications and arrange financing for real estate projects, corporations and small businesses. The University Park office employees include: The Southwest Florida LPO will open its doors on Friday, November 2 at 8450 Cooper Creek Blvd., Suite 101, University Park, FL 34201. EverBank Financial Corp is a private financial services holding company headquartered in Jacksonville, Florida.
BIAW vs. Unhappy homeowners (and sympathetic lawmakers): Round 1...
For sheer political tension in the room, its hard to beat a faceoff between Seattle-area liberal lawmakers and attorneys for the conservative building industry. That was the lineup Tuesday in Sen. Brian Weinsteins new Consumer Protection and Housing Committee. Weinstein -- also a lawyer -- is proposing a Homeowners Bill of Rights that includes testing and licensing for contractors and legal reforms that make it much easier to sue for damages. Hes backed by a chorus of homeowners whove had horrific home-construction woes: uncompacted fill settling and leaving a cavern under a foundation, sagging roof trusses, plywood sheathing black with mold, buckled siding, and, most vividly, rats allowed in by nonexistent crawlspace covers pooping and dying in the walls. The builders say the changes are unnecessary; that such complaints are very, very rare and that the changes Weinstein is proposing would cause expensive lawsuits, insurers fleeing the state, small builders going out of business and a huge upswing in the price of a home.
Todays Letters: Protect theater and its owner
Now we have another tax-exempt status. Religions are tax-exempt and that is a good thing. Why disparage the presence of an organization that aids in the safety and aesthetic appeal of downtown Clearwater? For many of us, God is in our hearts and minds, and perhaps that is the way it was intended. Pointing a finger means the other four are pointing right back at us. Harriet P. Sherwood, Clearwater Re: Renovated bus garage ready to ease jail crowdingstory, Jan. 24 Tents are cheaper than $3M place Gee whiz, only $3-million to convert a bus garage to a nice, comfortable jail for prisoners. I'm sure the county's compassion for criminals keeps the ACLU happy. I like the sheriff from Maricopa County, Arizona, Joe Arpaio, who houses criminals in tents and saves the county millions each year.
Disgraceful Gloom at AP: Mortgage Crisis Could Lead to Depression
As someone that has done a lot of economic writing and financial media analysis, I'm used to gloom and doom from journalists. However, Saturday's Associated Press article concerning the credit crunch and how it's impacting the mortgage market could be the worst example of economic and financial misreporting and exaggeration I've seen since the press universally forecast an economic downturn after Hurricane Katrina hit New Orleans. Entitled "Have We Seen the Worst of the Mortgage Crisis," Joe Bel Bruno's piece actually suggested that a depression could be looming, and that housing prices in some areas could decline by 40 percent (emphasis added): .
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