Don't residents get paid a decent amount of money? Not like six figures, but more than the average mechanic.

I didn't know that. Could be.

In other news, the CAPTCHA I need to answer to reply to this post is:

"1 + 0 ="

(If this reply comes through, you can assume I got it right.)

I'm telling ya, Rick. If I have to look at those feet for just one more day ....
Post something, boy! :D

I'm not sure, but I think a commercial paper is a money-market security issued by large banks and corporations. It is generally not used to finance long-term investments but rather to purchase inventory or to manage working capital. It is commonly bought by money funds (the issuing amounts are often too high for individual investors), and is generally regarded as a very safe investment. As a relatively low-risk investment, commercial paper returns are not large. There are four basic kinds of commercial paper: promissory notes, drafts, checks, and certificates of deposit.

Because commercial paper maturities do not exceed 270 days and proceeds typically are used only for current transactions, the notes are exempt from registration as securities with the United States Securities and Exchange Commission.

Commercial paper is defined in Canada as having a maturity of not more than one year and is exempt from dealer registration and prospectus requirements.[1]

Commercial paper essentially can be compared as an alternative to lines of credit with a bank. Once a business becomes large enough, and maintains a high enough credit rating, then using commercial paper is always cheaper than using a bank line of credit. Nevertheless, many companies still maintain bank lines of credit to act as a "backup" to the commercial paper. In this situation, banks often charge fees for the amount of the line of the credit that does not have a balance. While these fees may seem like pure profit for banks, if the company ever actually needs to use the line of credit it would likely be in serious trouble and have difficulty repaying its liabilities.

Currently, more than 1,700 companies in the United States issue commercial paper. Financial companies comprise the largest group of commercial paper issuers, accounting for nearly 75 percent of the commercial paper outstanding at mid-year 1990. Financial-company paper is issued by firms in commercial, savings and mortgage banking; sales, personal and mortgage financing; factoring; finance leasing and other business lending; insurance underwriting; and other investment activities. The remaining commercial paper outstanding at mid-year 1990 -- over 25 percent -- was issued by nonfinancial firms such as manufacturers, public utilities, industrial concerns and service industries.

Commercial paper was invented by Percy "Max" Hall, Vice President of Manufacturers Hanover Trust Bank, in the 1920's.

 Counselor Ryan, did you finally get google???

Holy crap they stole my definition and put it on Wikipedia!

Where can I find additional history on Percy "Max" Hall and his Commercial Paper invention?

Google search so far has produced nil.

"Max" had a great idea when he came up with this nifty debt instrument. Great creativity for a Banker!

Way to go Max!

Thanks,

Dan

Hey - as much as i enjoy someone linking to my blog... i'll note that my reference was even MORE obtuse than you suggest.

I took Secured.

I was talking about TRIBAL secured transactions.

The difference here is that Tribal land is owned in trust by the federal government - because of this it CANT be be used in a secured transaction (because it is "owned" by the federal gov. and NOT the tribe and therefore can't be used as collateral - and therefore there are no 'normal' secured transactions availiable on tribal land) ... that isn't to say that they don't exist. BUT... that is a comment for some obscure footnote in some obscure law review on some obscure indian law note.

So obviously they didn't test on that :)

If you took it in july and are still waiting -- no worries. Everyone i took it with who ran blogs - they all passed on the first time. I think there is a connection .. and therefore you will pass. Just relax these last few weeks...

Shmoo

Good Point. I agree that the McCain of 2000 would have said something completly different than the McCain of 2008.

LawyerToe

More, as long as you are willing to live with the consequences of openly declaring your political beliefs. I post about politics on my blog from time to time, but since I'm only a moderate-liberal (c.f. 85% of all college and law students ever) it isn't such a huge "stand".

That being said, now that you're out of law school, gotta find something else to talk about right?

Hmmm...not sure about those consequences. But whenever I talk politics, I always censor myself a bit. Yeah, I shouldn't be blogging about politics...

Yes, a terrorist attack would clearly benefit McCain, and it was silly for him to react the way he did. He has military experience, unlike Obama, and is a bona fide American hero.

While I think McCain's likely harder stance on terrorism is something people should consider, I don't think that this is the reason that "terrorism is a Republican issue". Rather, it seems that conservatives are both:

A)likely to vote Republican because of their small government, take-back-the-south, NRA loving ways

and

B)unnecessarily afraid of terrorist attacks, just as they are afraid of anybody foreign, anybody that looks foreign, spicy food and contraceptives.

Hopefully, no terrorist attack will happen in the next year and the global increase in respect that America will receive by electing somebody that doesn't look like Mr. Rogers will help keep them to a minimum.
Unfortunately, terrorist organizations thrive on opposition and have been known to plan attacks in coordination with elections to scare people into voting for a polarizing figure.
We'll see what happens...

Yep, you should definitely do more political posts. First of all, politics is just life and it's always fun and interesting to hear other people's views. Secondly, you do need something else to talk about with law school done and over with.

Just be prepared for the occasional non-friendly who might drop by courtesy of Google. But do not be afraid ... blog on!

okay, counselor ryan, point taken, but terrorist IS a republican issue in that most people who hold terrorism as their #1 issue tend to vote Republican. thats all that means.

I like the blog, it was interesting and I hadn't heard about it. I think it's non-controversial so it won't ruffle anyone's feathers. By the way, the "win your book contest" drum rolls are starting to give me a headache... who won?

Ah, yes, the winners. It was a close competition. Really, a lot of the responses were great. It was not an easy choice. I picked Adam and MMC and, kinda, Dan. Dan was my #1 pick, but he had won the quick reply contest. And then there was a 2nd place tie between MMC and Adam. Then there were a few honorable mentions. Yeah, like I said, from reading the replies, it became clear that many RL.com readers are funnier than me.

Hey Lax,

I've spoken with Ciolli before, he's not a bad guy, it's the bottom feeders that use his sites that are the problem. Ciolli was involved in a lawsuit with some Yale students over Auto Admit.com, which was his other site. If you read Above The Law, they've got pretty extensive coverage on it; and the motions from the case are actually pretty good summaries of CDA section 230 liability immunity.

On the other hand, I know the feeling, since I took a more public role with dealing with Wiki stuff, I've had a few big forums trying to trash me. Turns out though, one of them got hacked today and lost their whole database! Karma's a bitch!

I'm not sure if Ciolli was involved with the defamation stuff against you, but he's got enough website based things going on that I don't know whether that rumor you heard was true about a firm offer. He's a pretty popular target himself amongst bored law students.

Hi again, Counselor Dan.

I didn't mean to suggest that Ciolli was involved in anything having to do with me. I doubt it; sounds like he has more important things on his plate. Whether the charges against him were valid or not, it seems like they might have scared some people in the law school blogging/discussion forum community--that's the point I was trying to make. But I'm glad you left this comment so this matter could be clarified.

Yeah, well, it's important that law student bloggers not be intimidated by defamation. We're lawyers, or soon-to-be lawyers. We're going to be hated by many anyway. I sat through my dentist talking about how personal injury lawyers are the worst kind of scum today (my dad is a personal injury lawyer). While pondering how I I could stab her with her own dental picks, I reminded myself that as lawyers we can't flip out when people say stupid shit, but we also don't have to lie there and take it when its abusive.

Rick Lax has *NEVER* been a disgrace. The only thing I can say about this review, which is kind to the book, is that he's used some convincing self-depricating humor and apparently it has worked in the eyes of the reviewer. I guarantee his parents have ALWAYS been proud of him, including during his year of deciding what to do with his life.

Describing you as a disgrace makes your broader narrative more exciting--portraying your legal journey from zero to hero (even though you were never a disgrace--at least according to your Mom--nor have you yet obtained hero status, let alone passed the bar!). If only for dramatic effect, you might as well accept being labeled as a disgrace.

Never before have I read something on the internet and felt compelled to post a comment. you fuckin suck. seriously.

 Please watch the meanness and the language on this blog.  My parents read this. 

I feel sorry for them.

I ususally post under "Anonymous." Obviously that wasn't me. How rude!

When she gave you her number, did you say "That's funny, the last girl I met in the bookstore also had a number that started with 555!"

 Easily your best reply ever, Counselor Ryan.  

Ha ha hee hoo. Oh Rick Lax. You are just so easy going and RickLaxed. Oh pretty please can I get a copy of your book. Oh pretty. Please.