Is Divorce Good For The Economy?

When two people get married, they do not expect their relationship to end in a divorce. Unfortunately, a large portion of marriages end in divorce, but that number is dropping. The National Center for Family & Marriage Research reported that in 2015, 16.9 of every 1,000 married women received a divorce. According to the report, this number is down from 17.6 in 2014  and has decreased 25% since 1980. The locations in the United States with the highest divorce rate are Washington D.C., Wyoming, and Nevada; in that order. The states with the lowest rate of divorce are Rhode Island, Wisconsin, and Hawaii; in that order. Fun fact, Hawaii is the only state that fell under the 12 per 1,000 married women mark.

How Does Divorce and the Economy Relate?

A big debate about divorce is if it positively or negatively affects the economy.

  • Divorce slows economic growth
    • A common trend in economics is if there is an increase in households, there is a decrease in the economic growth rate. Naturally, an increase in divorce causes an increase in the number of households, an increase in the amount of power being used, an increase in the number of resources being used, etc. Therefore, an increase in the divorce rate leads to a decrease in the economic growth rate.
  • Changing family formula driving down divorce rates
    • The average divorce rate for first-time marriages is 41%. There are a number of factors that weigh into the divorce rate and how it fluctuates including age, first-time marriage, location, finances and other factors.
    • A change in the family formula means that the traditional roles of the family members are changing. An example of this is, for many households, the woman or mother is now the financial supporter. This has led to an increase in the number of dual-income families, which bring down the divorce rate. Another factor is that couples are getting married at a later age. It is believed that couples who wait to marry, are less likely to get a divorce.

What Factors Into Divorce Rates?

There is a wide variety of reason that people become unhappy in their marriage and decide to get a divorce. The following factors all play a part in any divorce:

  • Age
    • There is a direct correlation between the average age couples are getting married and the rate of divorce. According to CNBC, in 1950, the average age of men getting married was 23 years old; the average age of a woman getting married was 20 years old. Over the next 59 years, the average age of marriage has increased to 28 years old for men and 26 years old for women. The sweet spot for marriage is about 28-32 years of age.
  • Education Level
    • Education Level plays a factor in divorce. Couples who have a college degree are about 10% less likely to get a divorce. Women who completed college have a divorce rate of 14.2:1,000. The divorce rate rises to 23:1,000 when women do not finish college.
  • Location
    • Where you live when you get married has a factor in divorce rates. Nevada and Maine have the highest divorce rate, 14%. New York, New Jersey, Utah, California and North Dakota all have considerably lower rates.
  • Race
    • According to the 2014 Community Survey, the ranking of race and divorce race is as follows: Asian women, Hispanic women, white women, then black women.
  • Sexuality
    • A report came out that same-sex marriages in New Hampshire and Vermont had a lower rate of divorce than heterosexual couples. Shortly after, the Washington Post came out with an article that stated this is not true. The article also stated that the rates are the same.
  • Children
    • Usually, having children decrease the likelihood of a divorce, but having children often decreases the parents’ rate of happiness and their life satisfaction.
  • Religion
    • Religion tends to be a marriage give marriages some stability. The highest rate of divorce over all religions is Christianity which comes in at 74%. The next highest is atheist at 20%.
  • Mental Health
    • Depression and substance use disorders are both factors in increasing the divorce rate.
  • Parents’ Marital Status:
    • Basically, if your parents were divorced, you are more likely to have a marriage end in divorce. This is due to the fact that you are brought receiving messages that convey the thought that marriages and relationships are not long-term.

All of these factors can weigh into why you a couple’s relationships may end in divorce, but they are not end all be all. There are exceptions to every rule.

A common misconception is that a higher divorce rate will lead to a stronger economy. This is simply not true. Divorce rates have an inverse relationship with the economy, as they go begin to decrease, the economy will begin to rise. If you are going to get a divorce, hopefully it is mutual and you and your partner can have a collaborative divorce. Contact a divorce attorney today to find out more about your options when it comes to divorce.

Salvage Cars: What To Look For In Vehicles After A Flood

Here’s an example of the savage cycle of twisted business and dealer fraud that plays out in disaster zones around the country: there’s been a flood, and you’ve lost your car to the murky waters. You need a new one, and fast. The thing is, so do a lot of other people, and it’s easier and cheaper for used car dealers to sell you a vehicle just like the one you lost–a car that was destroyed by the flood waters, only to be made pretty on the exterior and put up for sale yet again. Here’s what you need to look for beneath the hood after there’s been a flood–or a hurricane!

A lot of vehicles end up in the junkyard after being stripped of their parts, which themselves may have been damaged by a natural disaster like the aforementioned. Most people don’t know any better, and that’s why you should stay vigilant when shopping for a vehicle after a disaster anywhere in the country. The nice thing about living in the age of digital devices and electronic pleasures, though, is that water completely destroys their ability to function properly. If you notice that the lights on your dash are flashing without reason or your car stalls when you try to make a left-hand turn at a packed intersection, then your vehicle may have been rebuilt before you bought it.

Chances are a dealer isn’t going to let you test drive something with electronics that are likely to fail right away, so you might have to rely on other factors to make your decision. The first thing you should think about is the smell. If your would-be purchase doesn’t have that new car smell, that’s fine–but does it smell like a pair of old gym shorts instead? Don’t be afraid to point your nose up and breathe deeply. Any musty odor could be a sign of previous flood damage.

Another thing to watch is the price. Check the market value for a used vehicle of the year, make, and model of the one you’re buying with the right number of miles (there are web services that provide this type of information). If the price on the used vehicle seems on the low end, it’s worth asking why.

The last thing to do is pop the hood and actually check for rust. When you’re done fondling the innards of the vehicle you like, then get on your knees and check the underside. Give it a really good look, because this thing won’t come with a guarantee.

If everything looks fine and dandy, but you’re still suspicious, then you’ll want to perform an autocheck. These days, records will help fill in the blanks–they’ll tell you about the car’s previous life experiences. If the used vehicle is from Houston or the southern tip of Florida, then maybe you should try a different dealer. Be smart when you’re out there searching for a vehicle!

Estate Planning In A Gig Economy

We’re living in a “gig” economy. That means that new jobs and positions are most often filled temporarily. The number of contracted jobs is skyrocketing, and these contracts usually take place and dissolve over the short term. Part of the reason behind this rapid transition in our economy is the underlying social structures on which we rely. With the rise of high speed internet and the popularity of the smartphone, we can work from almost anywhere.

Such a transition has consequences.

Consider, for a moment, relatively new entities such as Uber. The company doesn’t consider its workers employees. Those on payroll are instead taking up contracted positions, and therefore don’t enjoy any of the added benefits that employees working for other enormous companies might enjoy. No insurance. No sick time. No retirement options.

When we plan for the future, many of us spend time on the estate tax planning process. When we pass away, we leave our heirs an inheritance. Our assets don’t just disappear–they get left behind. The dream is simple: over time, our family’s wealth should grow.

That isn’t always the case. What if you have no inheritance, and you have no assets with which to leave your children after you’re gone? This is the way it goes for many Uber drivers who can only barely afford to make ends meet. An optional Uber program tries to mitigate the damage by providing access to a few benefits by allowing its independent contractors to pay a portion of the cost per mile travelled during rides. On the face of it, that’s not much different than employers who provide optional health insurance for a percentage of each paycheck. Even so, the program isn’t very popular, and a number of drivers would like to see Uber and similar companies do more for the little guy struggling to make ends meet.

That’s why some organizations have proposed a tax on those companies and corporations contributing to this transition into a gig economy. Uber and similar companies that push us into a gig economy would be charged a portion of each transaction. Similar to disability or unemployment benefits, that tax would then go into an independent fund that workers could use for benefits even as they go from job to job.

In order for this endeavor to be made a reality, new legislation is required. The organizations fighting for the tax freely admit that progress is unlikely if the choice is left up to Uber and the companies just like it.

For now, the Independent Drivers’ Guild is spearheading the movement to implement legislation that would impose this tax. The organization is currently discussing the matter with elected officials in NYC. If such a bill could be passed, it could cause a domino effect around the country, as there are similar discussions occurring all over the place.

Because the economy is transitioning into one that relies heavily on independent contractors, governments would be foolish to ignore the needs of the people who rely on steady income and benefits to support their families. Without new legislation, our society could be headed into dangerous territory in which more people have fewer options they can choose to prepare for the future.

Fannie Mae and Freddie Mac – What Are They and Where Did They Come From?

Many people often ask the question “What are Fannie Mae and Freddie Mac?” These names are often heard during discussions of the economy. They are often mentioned rapidly, followed by strings of numbers. This is just enough information for most people to know they are important, but not enough to know exactly what they are.

First, it would be best to clarify that Fannie Mae and Freddie Mac are two separate institutions. What are each of them? And why are they so often referenced together?

Fannie Mae and Freddie Mac are both financial organizations that work with home loans or mortgages. However, each institution has different histories and should be discussed separately.

The oldest of the two financial institutions is Fannie Mae. Fannie Mae was originally created to help boost the housing market shortly after the Great Depression. In 1938 Franklin Delano Roosevelt signed the New Deal that made several amendments to the National Housing Act.

One of these was to create the Federal National Mortgage Association, which used the abbreviation FNMA. This abbreviation, if pronounced phonetically, sounds close to Fannie Mae, which is where the name comes from.

Originally, Fannie Mae simply provided money for banks to fund home mortgages. Eventually, the role of Fannie Mae became one of selling Mortgage Backed Securities.

Freddie Mac has a similar, but much shorter history. Freddie Mac was created expressly to help sell more Mortgage Backed Securities to help further the mortgage market after another economic slump. This institution was created in the early 1970s, called the Federal Home Loan Mortgage Corporation. The last two letters of the abbreviation FHLMC is where the “Mac” in the name comes from.

These two institutions are most often referred to together due to the ownership of them. Both were taken over by the Federal Housing Finance Agency in the fall of 2008. This decision has created a lot of discussion, since the Federal Government is now so closely tied to the private financial sector.

How To Know If Your Business Is A Pyramid Scheme

If you are anything like us, you have probably gotten roped into your fair share of pyramid schemes. Charismatic speakers, amazing opportunities, levels of success, selling to friends, shame, and debt are some of the amazing memories associated with your ride on the pyramid scheme train.

Because of the huge monetary loss commonly associated with pyramid schemes, we want to instruct our readers on how to sniff out the difference between a business opportunity and a debt opportunity.

Multi-Level Marketing

If someone tries to recruit you into a multi-level marketing company, that means that they want to sell you on their pyramid scheme. Full stop. There is almost no difference.

Basically, multi-level marketing aims to sell bulk products to individuals instead of selling products at retail prices, while telling the individual if they sell their items at retail prices, that they will make a lot of money. This often ends up with the person who buys items in bulk with a lot of worthless stuff stockpiled at their home. The most lucrative way to make money in this process is to recruit other people and have them in your “down-line,” thus perpetuating the myth that if someone buys a whole bunch of stuff for bulk pricing, they can sell it for profit.

They Ask You For Money

A normal job does not ask you to pay to make money. If you are an accountant, you are not asked to purchase clients to work for. The same goes with lawyers, teachers, and any other honest profession. If you are told to buy a product to sell to others, run to the hills and never look back. It’s a pyramid scheme.

They Sell You On An Opulent Lifestyle

If someone is trying to get you to join their company, and they tell you that you can work 3 hours a day from home while driving a Ferrari, something doesn’t add up. Why would they ever need to openly recruit people if that was the case? There’s a term for it: cube plan? Sphere Agenda? Pyramid scheme, perhaps?

I hope this article illuminated some of the telltale signs that the business you are being recruited for is a pyramid scheme. If you still want to join, that’s fine, but don’t pretend like didn’t warn you.

It’s Time For Another $300 Million Settlement Because of Drug Side Effects

It turns out that some severe side effects to common medications aren’t always as out in the open as their users would want them to be. Daiichi Sankyo and Forest Laboratories will shell out about 300 million big ones in a massive product liability suit that resulted in a number of personal injury claims because of those criminal side effects. The drugs are used to treat blood pressure irregularities.

There were over 2,000 claims managed during the proceedings. Users of Benicar, Azor, and Tribenzor apparently developed a number of life-changing symptoms, including chronic diarrhea and gastrointestinal injury, and severe weight loss over the course of their treatment regimens.

Unfortunately for those currently taking the drugs, the gastrointestinal side effects aren’t immediate, and can instead develop months or years after a person first uses the drug. Because the full extent of the potential for damage was not known for some time, some patients’ doctors did not ask them to discontinue use of the drugs when symptoms first manifested. Because continued use of the drugs was common, permanent damage was inevitable for some of these patients, and this is the reason that the settlement resulted in such a large sum of cash.

A 2012 study performed by Mayo Clinic found twenty-two instances in which Benicar patients reported symptoms of Celiac disease, an autoimmune disease that affects the small intestine when the patient consumes gluten, a protein found in wheat products. Soon enough, medical professional were able to deduce the real culprit of the symptoms.

It wasn’t until July of 2013 that the FDA finally rectified the situation by disseminating information to patients about the potential side effects of the already popular drug, Benicar. There was evidence at the time, which later proved to be true, that pointed to possible intestinal disease brought on by sprue-like enteropathy after using the drug. In most cases, symptoms stop when patients go off the drug. In some rarer cases, permanent damage was done and symptoms continued.

If you or someone you know believes that they have symptoms due to the use of a drug, then a medical malpractice attorney should be notified as soon as possible. It’s likely that other users of a particular drug have encountered the same or similar symptoms. The attorney you choose will research similar cases and attempt to find others who share in your distress. In such a case, a class action lawsuit may result. Settlements from such lawsuits can lead to massive settlements and life-changing sums of money for the victims of such malpractice.

Is The Boss A Jerk Or Just A Bully?

Bullying is never OK, whether it’s in the schoolyard, in the office, at home, or on social media.

Yes, we’re calling out the online cowards, too.

Bullying can come in many forms, based partly on the forum in which the bullying is taking place. Most bullying can be walked away from, but one type of bullying is problematic.

In a workplace, having a boss that is a bully can be difficult because you can seem stuck, according to a sexual harassment attorney in Nassau County. You could just take the bullying and keep your mouth shut because you need the job to make a living. On the other hand, you could stand up and demand respect, but that could also mean being discriminated against in the workplace, or fired in retaliation.

There is a fine line, though. There are bosses who are jerks, and that isn’t illegal (unfortunately). But then there are jerks who cross over the line and become bullies, which is illegal according to the federal Occupational Safety and Health Act (OSH Act). The federal legislation not only created OSHA – the regulatory body for workplace safety – but it also spells out workplace bullying and violence.

There are some specific actions or behaviors that are listed as violent or bullying behavior, all of which subjects the individual and/or the company to fines. This even includes retaliation or discrimination against an employee who happens to blow the whistle with OSHA about any behaviors that fall under the auspices of the OSH Act.

Let’s take a look at a few of these actions, and you can determine if your bos is just being an obnoxious jerk, or is he actually bullying you?

  • Boss is taking credit for good things, but blames you or co-workers for any failures.
  • Boss compromises your success by being “too busy” to give feedback or to sign off on anything.
  • Your work station gets moved further and further away from your supervisor, and you find yourself being kept ut of meetings you would usually attend, or your boss schedules meetings at times he or she knows that you’re not available.
  • A coworker is given leeway by your boss to insult you, criticize your work or generally put you down.
  • You get home so tired at night and on weekends that you don’t feel like doing the things you like to do.
  • You may have great job performance reviews, but you hear nothing but criticism from your boss.
  • You look forward to the weekend, but then dread the start of the week.

If you experience most of these at work (not just some), and especially on a regular basis, then it’s likely not just that your boss is a jerk, but that he or she may be a bully or a harasser. And that should get the attention of the feds, as well as state labor authorities. If your company knows about this behavior and does nothing about it, then you may need to look into legal remedies while you update your resume – because no job is worth putting up with this for very long, no matter how fat the paycheck.

It’s a matter of dignity.

The Economics Behind Customs and Their Cell Phone Policy

International law has always been a tricky business–let’s face it, all law is–but it’s getting especially brutal in the way it’s greeted and disrespected at the border, ask a Phoenix personal injury attorney about it. In fact, it’s becoming commonplace for customs officials to search the cellphones and other electronic devices of those attempting to cross from one country to another. That’s not such a great thing, especially since lawyers often have to travel in order to do business effectively. Does a government (such as the U.S. government) really have the legal right to search a private cell phone during any routine search? That question arises because recently a NASA scientist’s phone was searched at the border.

At first glance, that doesn’t really seem to make much sense. The scientist in question was born right here in the U.S. Then again, perhaps his name had something to do with it: Sidd Bikkannavar. Because he’s a scientist and not a lawyer, he didn’t know what his rights were. When asked for his phone and the pin number that would unlock the device, he gave them up. A search ensued. If it can happen to a NASA scientist, it can certainly happen to anyone.

That’s where it gets complicated. If your phone can be searched at customs, then any information bound by attorney-client privilege on that phone can be searched as well, effectively destroying that ethical trust. What can–or should–lawyers do when and if this becomes an issue?

One of the best ways to prevent this from becoming an issue is to question the government’s right to do this immediately. Not that lawyers can expect much flexibility from the Trump administration, but it’s good to test the waters before you set sail.

The reality is this: customs will do what customs has been ordered to do, and treatment of travelers differs from one country to the next. Lawyers must do whatever they need to do in order to reasonably safeguard data bound by the attorney-client privilege. First and foremost, it’s important to know where you’re going and how information will be treated by the government and customs agents where you travel. What are the risks regarding the confidential information with which you’ve been entrusted?

If you have such information and there is a reasonable expectation that the devices on which it is stored could be searched or breached at customs, then take action to reduce the risk. Ask to speak to whomever is in charge rather than immediately give up an electronic device when asked. Use burner phones when traveling. In order to dissuade officials from indiscriminately prying through information on these devices, make sure you carry documentation of a legal nature, and make sure they know who and what you are. If they don’t know you’re a lawyer, they’re not going to care one way or another.

If the information is breached at customs, then the affected parties must be notified immediately in order to decide what action be taken next. No matter what, it’s important to acknowledge that data is difficult to protect when traveling, and precautions are difficult to come by.

Running A Law Practice With Efficiency

Running a law practice is something that many people do, but not everyone does so in an efficient manner. In order for a business of any kind, especially one that specializes in legal matters, to be successful in helping clients and making money, it must be run in a manner that allows it to. To learn what sets an efficient and successful law practice apart from what that is less efficient, continue reading.

One thing that you need to do to run an efficient law practice is to focus on the customer or client service. In law, unlike other areas, the customer may not always be right. However, a good law firm will help their clients understand any misunderstandings they have. They will also treat them in a positive manner as far as scheduling appointments and other interactions.

And in order to bring clients to your firm, you need to have successful law firm marketing campaigns. By reaching out and letting residents know that you are available and able to help, you can bring more people in. Also, by having good customer service and treating your clients right, they will tell others about your practice and that is one of the best marketing strategies of all times.

Another thing that an efficient law practice does is manage their books properly by using legal practice management software. Running a company of any kind requires many different things and finances is one of the main things. If you don’t feel comfortable taking care of the finances, it is a good idea to find someone qualified to do so.

As you can see, there are many different things that you can do to run your law firm efficiently. By taking care of your clients and finances, you will be ahead of the game in running a successful business.

Can You Be Fired For An Injury You Sustained At Work?

If you were injured while on the job, you may be entitled to a number of things. For example, you may be eligible to receive worker’s compensation. You may also be entitled to certain protections. For example, your employer may not be able to fire you because of an injury you sustained at work.

With that said, you shouldn’t assume that your job is safe. Here’s more information about the protections that you have as told to us by a personal injury lawyer NYC.

Laws Vary By State

Different states have different employment laws. If you live in a “Right to Work” state, your employer may be able to fire you for virtually any reason. Other states have more laws to protect employees.

With that said, you may be able to receive a settlement even if your state doesn’t have laws to protect you. Talk to an employment lawyer about the circumstances of your case, and they’ll be able to tell you what your options are.

The Law May Not Keep You From Getting Fired

Even if your state expressly forbids against firing in this situation, you may still be laid off. It isn’t at all unusual for employers to ignore employment laws.

Thankfully, you have plenty of recourse if your employer violates the law. If you set up a free consultation with a local lawyer, they’ll be able to tell you more about these options. You may be able to sue your former employer and receive a large settlement.

It is possible that you will get fired for an injury that you sustained at work. However, you may have recourse after you have been fired. Try to learn more about the laws in your state. If you still have questions, schedule a meeting with an attorney. Listen to the advice that they give you.