A Partner at Boxer & Gerson LLP, Julius Young has practiced worker’s compensation law and social security disability law since 1979. He has represented thousands of individuals who have sustained life-changing injuries or illnesses while on the job. In every case, his goal is to secure the medical treatments his clients need.
California is running out of money to pay its bills. The state can’t get loan funding to float its operations. Yesterday Governor Schwarzenegger advised Treasury Secretary Henry Paulson that California may need a $7 billion loan within the coming weeks. It seems likely that we will be looking at some state layoffs. But with “user […]
We are in a wilderness of mirrors. It’s hard to separate perception from reality. $700 million bailout or not, our economy sails amongst a sea of icebergs.The remaining leading investments banks, Goldman Sachs and Morgan Stanley, may still be in mortal danger. Nouriel Roubini, Professor at NYU’s business school, has predicted the mother of all […]
Friday in California. Some of you reading this may be stuck in an office, fantasizing taling the fishing gear this weekend to the nearest lake or pier. In Washington, a big fishing trip is about to begin. Led by Los Angeles Democrat Henry Waxman, a Congressional subcommittee is going on an oversight investigation about the […]
A.I.G.? You now own it. You, the taxpayer, own it to the tune of up to $850 per household. Last night the Federal Reserve struck a deal to keep A.I.G. out of bankruptcy. The Federal Reserve will loan A.I.G. up to $85 billion, giving the United States as much as an 80% equity stake in […]
After passing a budget, the California Senate has now adjourned. Carrie Nevans, the AD of California’s Division of Workers’ Compensation, was not confirmed before the Senate adjourned. Without confirmation, Nevans will presumably have to step down soon. In politics, anything is possible, of course. But unless the Governor calls a special session and vetos the […]
Here’s tonight’s report on A.I.G. from Bloomberg.com: http://www.bloomberg.com/apps/news?pid= … refer=home Clearly, parts of A.I.G. will be auctioned. One immediate concern is whether regulatory authorities in various states will object to transfer of assets from some solvent A.I.G. subsidiaries to the parent A.I.G. It’s complicated because various types of insurance have different capital requirements. The parent […]
It’s a beautiful night in New York. An hour ago I was strolling in Times Square after going to the theater. A full moon was hanging right over the Empire State Building. You’d never know that beneath the veneer, Gotham City was in the grips of a crisis that may have far reaching implications. But […]
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