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#LawSchool ~ Ruining #Books since Forever

25 Feb

myfairlady01

How Law School Ruins Your Life #3billion – You suddenly realize that every great library in movies is actually filled with law books (you can tell from the bindings). And suddenly the library seems just a little bit less fun and more like school 0_0 SADNESS!!!

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#Cooking Abroad

23 Feb

#cooking in #China 😄 When you live in a #itsybitsy apartment with no counter space and definitely nooven, you have to do a little engineering for #baking #chocolatechipcookies 😂  So instead we use an old #target game board and a table oven. My life is so much fun!
#foodie #Cookies #lifeisfun #travel #lifeabroad #international 

#LawSchool and #BarExam Study Aids!

17 Feb

LAW SCHOOL & BAR EXAM STUDY RESOURCES

A few people have asked me for a list of resources for studying. For those of you still in Law school, still studying for the bar, or who need to try again, I tried putting together a comprehensive list (sorted Alphabetically and by Series) of the best Study Guides for the bar based on what I used, what my friends recommended, and what other lawyers I’ve spoken with advised. I’ve used all of these, and I think they really helped me with both Law School itself and the bar exam.  In fact, If I were taking the exam in again (eg in different state), I’d probably use Sparkcharts and Emanuel all by themselves.  You can find the list HERE (or click on one of the images below).

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Tips & Advice for the Bar Exam

30 Nov

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I’ve Met This Judge!

27 Nov

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Bar Exam Passage Rates (July 2015 and July 2016)

19 Nov
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July 2016 Results Compared to July 2013

The following Statistics are Comparing July 2016 to July 2015

Alabama (58.4% – down 1.6%)
Alaska (45% – down 15%)
Arizona (53% – down 4%)
Arkansas (Unknown)
California (43% – down 3%)
Colorado (73% – up 1%)
Connecticut (69% – down 6%)
Delaware (66% – Same)
DC (62% – up 18%)
Florida (68.2% – up 6.2%)
Georgia (65.8% – down 2.2%)
Hawaii (Unknown)
Idaho (72.5% – up 4.2%)
Illinois (72% – Fall 0f 4%)
Indiana (61% – down 13%)
Iowa (71% – down 15%)
Kansas (78% – up 3%)
Kentucky (65% – down 6%)
Louisiana (64.9% – up 3.1%)
Maine (Unknown)
Maryland (63% – Same)
Massachusetts (70.8% – down 1%)
Michigan (Unknown)
Minnesota (73.22% – down 4.3%)
Mississippi (Unknown)
Missouri (79.4% – down 4.6%)
Montana (77% – up 15%)
Nebraska (Unknown)
Nevada (51% – down 9%)
New Hampshire (Unknown)
New Jersey (65.35% – down 5.3%)
New Mexico (62% – down 8%)
New York (64% – up 3%)
North Carolina (Unknown, but believed to have dropped)
North Dakota (63% – Fall of 9%)
Ohio (70.4% – down 4%)
Oklahoma (68% – Same)
Oregon (58% – down 2%)
Pennsylvania (69% – down 2%)
Rhode Island (63% – down 1%)
South Carolina (Unknown)
South Dakota (Unknown)
Tennessee (63% – down 1%)
Texas (70.45% – up 4%)
Utah (Unknown)
Vermont (66% – up 13.6%)
Virginia (73% – up 2%)
Washington (70% – down 6%)
West Virginia (71% – up 2%)
Wisconsin (Unknown)
Wyoming (Unknown)

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July 2014 Results compared to July 2013

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July 2015 Results Compared to July 2014

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July 2016 Results Compared to July 2015

 

 

Georgia Bar Examination – Reported Students Failed, but they Actually Passed (2015-2016)

9 Sep

Just found this on Georgia’s Bar Examination website.  According to their report, “errors” were made when grading the February 2016 and July 2015 bar examinations.  90 people were told that they had failed, when in fact they actually passed the exam!

OMG! 

I cannot imagine how I would feel if I got a copy of their letter in the mail.  What do you think would outweigh the others? – Anger? Excitement? Annoyance?  Lawsuit-waiting-to-Happen?

Talk about infliction of emotional distress – maybe not intentional, but still. That’s a pretty HUGE error.  Gross Negligence if nothing else.  Their offering is that they will reimburse those people for any expenses they paid for taking the bar again since then.  But what about lost income? Lost time? What about the fees of the screwed-up bar exam?That seems like it’s going a bit under for reimbursement. I fully expect there will be arguments over that, what do y’all think?

Y’all can read the full report here.  But this is the letter they are sending out:

September 6, 2016

The Board of Bar Examiners has determined that you are one of 90 people who passed the Georgia Bar examinations administered in July 2015 or February 2016, despite prior notification that you had failed to pass. As Board members, we take full responsibility for these errors and offer our sincerest apologies to you.

Having taken the Bar examination ourselves, we recognize the distress that this mistake has caused you. As members of the Board, we are charged with upholding the integrity of the Bar examination.

We have conducted a thorough investigation and have confirmed the causes of the errors in the scoring process.  Those have been corrected and we are establishing procedures to ensure we will not make the same errors going forward. Credibility is our certification system’s greatest asset and we must restore the public trust.

The Board is prepared to reimburse you for fees associated with any subsequent exams taken as specified in the letter you have received from the Office of Bar Admissions, although we know your investment of time and effort greatly outweighs the additional cost of the examination.

Again, we offer our most sincere apology.

Sincerely,
John Sammon
Chair, Board of Bar Examiners”

How would you feel about this situation:

A. Relief

B. Fear that it will Happen to Your Score

C. Excitement

D. Anger

E. No Big Deal – It Can Happen to the Best Bar Examiners.

Let me know in the comments below!

Bar Results are Coming Out – Is It Your Lucky Day?

2 Sep

Kansas – 78% (110/141) – Rise of 3% since July 2015
North Carolina – Statistics not Shared
Oklahoma – 68% – No Change
West Virginia – 71% – Rise of 2% since July 2015
Wisconsin – Statistics not Shared

Wyoming – Statistics not Shared

 

GOOD LUCK ON THE BAR EXAM!

25 Jul

Good luck on the Bar Exam to all of you unlucky bar-takers entering the hell that is this test. No, seriously, it isn’t as bad as everyone says! Let me know if you need some prayers, I’ll send some up for you 🙂

If you don’t know an answer on the essays, just SOUND LIKE YOU KNOW WHAT YOU ARE TALKING ABOUT! Say your Bullsh** with emphasis and back it up with strong statements. And at the end, don’t forget to say “Of course, I would never offer legal advice without previously completing thorough research first.”  Keep time, drink coffee, get some sleep, and you know all the usual tips. FIGHTING!  (Or as my Chinese students say before the Gaokao (dread test of all China) – 

Jiayou!

Basically. @thecoveteur:

Understanding Compound Interest

14 Jun

As always, this lesson is not intended to be professional advice. This is simply lesson material for ESL students in a Managerial Economics and Corporate Finance class. Posted here for their use or for helping other students.

Corporate Value (值)

Financial officers and Managers are extremely responsible for the monetary (货币) goings-on in their companies. As we said before, the Wealth Maximization Rule means that Financial and Corporate Managers are required to maximize (最大化) the profits (收益) for their investors (投资者). 

However, maximizing profits requires in-depth (深入)planning and micro-managing (微观) your funds today while considering (考虑) future profits as well.

There are two types of Value (值) that you should be aware of in Finance and Economics.

The first is called Present Value (现值) and is the value today of something that will increase in value in the future. ExampleWhen we loan someone $1,000 at 10% interest, we know that our $1,000 loan will increase in value in the future. Present Value = PV.

The second is called Future Value (未来价值) and is the value that the item will have in the future. Future Value = FV.

Interest (利)

I’ll make another post later discussing the many ways to use Present and Future value in your company, but today I just wanted to talk about using them to calculate (计算) “Compound Interest” (复利).  

Usually, when we loan money to someone or invest (投资) our money in something, we do so on the condition that we receive back more money than we put in.  Our corporation is not a charity (慈善机构), we don’t loan you things for free!  The original money we invest is called the Principal (本息).  The extra money we get on top is called the Interest (利).  

Example ~ Company A (a large global corporation) invests $100,000 in a small new business called Company B.  Company B has 10 years to pay it back. But Company A doesn’t do this for free ~ they want to maximize their profits too. That means they have to make some money on this contract (合同).  So they ask Company B to pay an additional 7% per year.   

$100,000 = Principal
7% = Interest

COMPOUND INTEREST (复利)

Problem! ~ 7% of what?  
Answer! ~ It depends:)   It depends on how Company A decides to count it.

There are two separate mathematical formulas (数学公式) you can use to figure out the Interest.  

The first one is called Simple Interest (单利) and I’ve already looked at it before.

The second method is called Compound Interest (复利). Compound Interest says that each payment period, Company B is going to pay an additional 7% of the currently owed principal! Lenders and Investors really like compound interest a lot better than simple interest.  

For example: I borrow $1000 due in two years.  My interest rate is 10%.  

If I use Simple Interest:  Year 1, I owe $1000 + 10% interest = $1100.  Year 2, I owe $1100 + (10% of $1000) = $1200. 🙂 

If I use Compound Interest: Year 1, I owe $1000 + 10% interest = $1100.  Year 2, I owe $1100 + (10% of $1100) = $1210

The formula for Compound Interest is:

I = Interest
P = Present Value
R = Interest Rate
T = Number of Years Involved
N = Number of Times a Year

Example 

Company A (a large global corporation) invests $100,000 in a small new business called Company B.  Company B has 10 years to pay it back. The interest rate is 7% compounded  bi-annually.   What is the Total Interest (利) you will pay over 10 Years?

Calculating FUTURE VALUE and PRESENT VALUE using COMPOUND INTEREST

The total interest is of course important to both Company A and Company B, there are two other important numbers that the financial managers of Company A want to know–the Present Value of their money and the Future Value of their money.  

Future Value

FV = Future Value (how much money you will make in total)
PV = Present Value

R = Interest Rate
T = Number of years involved
N = Times per Year

Using our example above with Company A & B, the Future Value is calculated like this:

That means Company A will make a total of $286,968.46 if they invest their $100,000 in Company B now. Over 10 years, their $100,000 will change into $386,968.46.:) We like this plan!

Present Value

Sometimes, for example with bonds (债券), we know the Future Value (how much money will be paid to us in the end). But we don’t know how much money has to be invested (Present Value) to get that future result.  So Present Value is calculated by the formula: 

PV = Present Value 
FV = Future Value

R = Interest Rate
T = Number of years involved
N = Number of Times per Year

Example: Mary Jane knows that in 4 years, she needs to have a total of $150,000 to pay her college tuition. She has an interest-generating account that gives her a 4% compound interest rate bi-annually on everything she puts in. How much money should she invest today (Present Value) in order to have $150,000 in 4 years?

That means that Mary Jane needs to put $101,336.67 in her bank account now in order to get $150,000 in the future. 

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KEY TERMS TO REMEMBER

  1. Value (值)
  2. Present Value (现值)
  3. Future Value (未来价值)
  4. Interest (利)
  5. Simple Interest (单利)
  6. Compound Interest (复利)
  7. Principal (本息)
  8. Monthly (每月一次)
  9. Weekly (每周)
  10. Annually (每年)
  11. Bi-Annually (一年两次)
  12. Quarterly (季刊)

FORMULAS TO REMEMBER

Compound Interest

Future Value

Present Value

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