An untenable operating structure fails. 20-20 hindsight? Perhaps, except that similarly structured law firms had collapsed previously. Law firms seem generally to have fallen from the pedestal that once allowed them to extract unlimited fees from reverential clients for often unexamined work of uneven quality. http://dealbook.nytimes.com/2012/05/28/dewey-leboeuf-files-for-bankruptcy/
Pennslyvania judges have to get elected, and thus may employ campaign tactics prosecutors could interpret as indictable, as happened here. One hopes for a speedy trial since Judge Melvin continues to draw her 195K salary though relieved of her duties. Pa. Supreme Court justice: I’ll fight charges.
Now this is thought-provoking. http://www.nytimes.com/2012/05/13/opinion/sunday/fables-of-wealth.html?smid=pl-share
This New York City councilman was somewhat of a court regular, first with charges involving domestic violence–he got probation–then with this scheme where a local non-profit helped finance his failed state senate run using funds directed the agency’s way by said councilperson. The common denominator between the latest case and others on this site is the structural vulnerability of community organizations that become co-dependent with corrupt politicians who founded, or funded or used their political cachet to the agencies benefit. http://www.nytimes.com/2012/05/05/nyregion/monserrate-pleads-guilty-to-misusing-city-council-funds.html?smid=pl-share
The pension tsunami ripples across the country, threatening to swamp pension deals long held sacred. Rahm’s pension reform: Freeze retiree pay hikes, up retirement age – Chicago Sun-Times.
The exploitation of the Long Island Railroad’s disability retirement system will likely end up the biggest single case to date in which public authorities/taxpayers/fee-payers shoulder inflated pension payouts because the system is so easy to game. http://www.nytimes.com/2012/05/05/nyregion/more-long-island-rail-road-retirees-face-fraud-charges.html?smid=pl-share
Bet that got your attention. Point is, how many adult learners are going to opt for the free, online, laid out in its entirety, Harvard-MIT Electronics 101 carrying a “Certificate of Mastery,” expecially when the alternative is paying a thousand or two or more in tuition to commute over fifteen weeks to a similarly-titled course at “Local U.” which, even if it lives up to its one-paragraph catalog description, will likely be taught by a part-time adjunct instead of an Ivy League star. Read about this future at: http://www.nytimes.com/2012/05/03/education/harvard-and-mit-team-up-to-offer-free-online-courses.html