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need to know
‘Transporter’ takes on ‘Straight Outta Compton’
U.S. details ‘flash crash’ case vs. U.K. trader
$46 million asking-price cut for megamansion
44 million tried Apple Music in its first month

When do markets close for Labor Day?

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
What Colbert should ask Musk and Uber boss
Stephen Colbert’s ‘Late Show’: What to expect

Surf the 10 stories you shouldn’t have missed

Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-vs.-fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that make Tesla’s Model X look like a deal
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

/conga/frontpage.html 354227

Markets »

127.27MDow Volume:
Avg Vol: 113.10M
Unchanged
225
Decliners
4346
Advancers
2013
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,123 -2 0.17%
Oil
/quotes/zigman/2331095/delayed 46.04 -0.71 1.52%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.25%
Yen
/quotes/zigman/16008150/realtime/sampled 119.02 -1.05 0.87%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.53%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.94 +0.13 0.15%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 1.52%
Gold
/quotes/zigman/662444/delayed 1,123 -2 0.17%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,119 -229 1.40%
S&P F
/quotes/zigman/30356461/delayed 1,921 -25 1.28%
Silver
/quotes/zigman/3134148/delayed 15 0 0.93%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Our real-time advice on how market shifts and news impact you and your money

Is Law School Worth It? Readers Respond

The numbers look grim for law school students. Almost one-third of graduates aren’t even working as lawyers. Meanwhile, legal salaries are shrinking and tuition continues to rise. Nearly half of 2010 grads made between $40,000 and $65,000. The average debt owed by law students is now about $91,100, up 14% from 2008.

We asked readers if they thought law school was worth the high cost and received dozens of responses on Twitter and Facebook, many of them from law school graduates.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 9)

View all Comments »
    • regarding comment stating at least law school prepares you for a specific profession, well, yes and no, law school doesn’t really teach practicum. I took only one course in law school on law practice and it was an elective that I chose to do. Law school is kind of less than medical school, where you actually at least work on cadavers, you can graduate law school, then you have to prepare for the law school exam (that’s separate course and separate and additional expense) then you need to get that first job to ACTUALLY GAIN PRACTICE EXPERIENCE. Law school teaches arbitrary rule and even schools themselves state that they basically teach “how to think like a lawyer”. It’s critical to get a job to gain experience otherwise you’re just out there learning on your own, learning by mistakes (and here the mistakes can be costly to the public). Other thing is to get an unpaid internship or volunteer but frankly even here there is a limited supply and although you can easily volunteer at a domestic violence clinic (pay your own parking) that kind of experience doesn’t necessary translate into high paying kind of work, or even medium paying kind of work.

    • Contrary to common belief, there are not too many lawyers. Rather, there are too many lawyers serving individuals/businesses that have money. There are not enough lawyers serving individuals/businesses of modest means.

    • I started law school 40 years ago this week. In my legal career, I observed the effects of the explosion in law school graduates. For the longest time, it has been a bullish industry. It has not been unlike the housing boom/bust, just slower to reach the deflation point.

      Over most of my career, the price of law graduates kept rising, especially at big firms (even though newly minted lawyers have no better idea today of where to place their hands in an attempt to find their back-sides than novices ever had), causing more and more bright people to choose to enter the law school pipeline.

      The courts did their part too, introducing more and more uncertainty into the law, thereby inviting more people to seek their “day in court”. Television advertisements promised lottery-like riches, originally for people who had been “injured in an accident”, now replaced by ads seeking people lucky enough to have had (or had a relative with) an exotic disease (who had even heard of mesothelioma ten years ago?).

      “Spreadsheet” thinking made it look as though the demand for lawyers would grow forever at compound rates. But spreadsheets don’t know from diminishing returns. Not too long ago, working lawyers came to realize that the principal (not principled) beneficiaries were the ever-growing courts themselves. Take a look at any Palace of Law (quaintly still named “courthouses”) built in the last fifteen or so years. Nothing’s too good for our boys over there. Either that or $300 Million just doesn’t go as far as you’d think it would.

      Now, like over-built residential real estate, we have too many lawyers for the amount of money clients are willing to fork over to buy a little of their time. Yes, those Washington, D.C. lawyers who used to work for some agency or other, or who, while on some legislative staff drafted the rules which determine which businesses live and which ones die, continue to scarf larger and larger fees for the their time [Pop Quiz: Where are seven of the ten wealthiest counties in the United States?]. But you’re talking about a few thousand of those courtiers. For the hundreds of thousands of lawyers who are not so blessed, who live and work some place other than at the goody factory, the jig is up.

      Only an idiot would have built a house in the last five years. There are just too many good ones already built, begging for someone to pay a mortgage, any mortgage, to own them. It’s the same for lawyers. We will reach equilibrium again some day. The cost of becoming a lawyer (including deferred income) will again be less than the expected return, IQ adjusted. My advice is: Unless you are pretty sure you are going to graduate in the top 5% from Harvard, Yale, or Stanford, find something else to do for now. Wait until a bunch of the existing under-employed lawyers have moved on to other fields or retired (or died). Don’t be that guy building the spec house in 2008 just because you can’t think of any other way to make a living.

    • Being a lawyer is great if you want to do one of two things, help people OR make money. It’s tough to do both, and the debt will often force the decision. Also, government positions, in which you CAN do both (i.e., prosecutors, public defenders, trustees, etc.) are incredibly competitive to obtain so this career path is hard to count on for all but the highest achievers.

    • The “is x degree worth it” questions are just “morning talk show” banter level garbage and not the kind of discussion to which the WSJ should pander.

      The appropriate questions is “if you love the law, how can you make getting a law degree work for you?” If you don’t love the law and are in law school or have not planned for the expense of your chosen school, we should not waste a minute on the comments. These kinds of mid-studies lack of career insight/preparation issues are issues of maturity and are not specific to a legal career.

      My wife graduated from a very good school a few weeks ago. She invested heavily in her program and had a fantastic experience with the students, the faculty and employers. The difference she saw was that she had the skills that come with job experience and the clarity of why she was there.

      She managed to excel in both her studies and her extracurricular activities despite extreme external life event pressures. She was methodical, focused and engaged. This is her second US-based graduate degree – English is her second language.

      We are now mentoring several other students on how to make it work for them.

      By the way, we made it through without any debt because we planned for the expense; she pursued and won University, summer and P.T. professional law-related positions; and we purposefully chose a top school with very low tuition.

      Bottom line advice, which most people will ignore to their detriment, plan and invest in your passions (within rational behavior) and everything else will work out.

      Giovanni Galtiago

About Real-Time Advice

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets After Hours

need to know
‘Transporter’ takes on ‘Straight Outta Compton’
U.S. details ‘flash crash’ case vs. U.K. trader
$46 million asking-price cut for megamansion
44 million tried Apple Music in its first month

When do markets close for Labor Day?

Has Robert Redford gotten it wrong on retirement?

What not to buy over Labor Day weekend

Labor Day traffic will be the U.S.’s worst since 2008

My father wanted to divide his estate, but my sister took it all
What to do when a parent dies and leaves no will
Money mistakes to avoid after a spouse’s death

speaks onstage during the 'The Late Show with Stephen Colbert' panel discussion at the CBS portion of the 2015 Summer TCA Tour at The Beverly Hilton Hotel on August 10, 2015 in Beverly Hills, California.  
What Colbert should ask Musk and Uber boss
Stephen Colbert’s ‘Late Show’: What to expect

Surf the 10 stories you shouldn’t have missed

Hey, Twitter, is Jack Dorsey your CEO or what?

Tennis’s U.S. Open trots out grown-up ball people

What it’s like to play tennis with a ‘smart’ racket

Chicago clout woven through Navistar complaints

Green Giant faces uphill battle for millennial market

Chinese Navy ships in U.S. territorial waters
Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Donald Trump stumbles during interview on foreign policy
Trump stumbles in interview on foreign policy
Trump signs Republican loyalty pledge
Carson and Trump: Their policy differences
Trump as president: Bound to be GREAT!
Businessmen have done poorly as presidents
Also
Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Obscure trading strategy draws Wall Street’s ire

Technical-vs.-fundamental matchups put to test

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

5 cars that make Tesla’s Model X look like a deal
Musk: Tesla Model 3 preorders begin in March
Tesla Model X ‘Signature’ runs at least $132,000
Best time to buy a new car may be at hand

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

/conga/frontpage.html 354227

Markets »

127.27MDow Volume:
Avg Vol: 113.10M
Unchanged
225
Decliners
4346
Advancers
2013
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,102 -272 1.66%
Nasdaq
/quotes/zigman/12633936/realtime 4,684 -50 1.05%
S&P 500
/quotes/zigman/3870025/realtime 1,921 -30 1.53%
GlobalDow
/quotes/zigman/629063/realtime 2,282 -41 1.77%
Gold
/quotes/zigman/662444/delayed 1,123 -2 0.17%
Oil
/quotes/zigman/2331095/delayed 46.04 -0.71 1.52%
FTSE 100
/quotes/zigman/3173262/delayed 6,043 -151 2.44%
DAX
/quotes/zigman/2380246/delayed 10,038 -280 2.71%
CAC 40
/quotes/zigman/3173214/delayed 4,523 -131 2.81%
FTSE MIB
/quotes/zigman/1482176/delayed 21,473 -705 3.18%
IBEX 35
/quotes/zigman/2759620/delayed 9,822 -221 2.20%
Stoxx 600
/quotes/zigman/2380150/delayed 353 -9 2.52%
Asia Dow
/quotes/zigman/6959860/realtime 2,684 -29 1.06%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.25%
Yen
/quotes/zigman/16008150/realtime/sampled 119.02 -1.05 0.87%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 -0.01 0.53%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.69 -0.01 1.50%
DXY Index
/quotes/zigman/1652083/delayed 96.22 -0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.94 +0.13 0.15%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.67 -0.05 7.51%
Italy 10yr
/quotes/zigman/15866497/realtime 1.88 -0.04 2.06%
Spain 10yr
/quotes/zigman/15866444/realtime 2.08 -0.03 1.41%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.72 -0.08 4.31%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 -1 1.52%
Gold
/quotes/zigman/662444/delayed 1,123 -2 0.17%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.28%
DJIA F
/quotes/zigman/38649152/delayed 16,119 -229 1.40%
S&P F
/quotes/zigman/30356461/delayed 1,921 -25 1.28%
Silver
/quotes/zigman/3134148/delayed 15 0 0.93%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.26 0.11 0.12%
AAPL /quotes/zigman/68270/composite 109.27 -1.10 -1.00%
GOOG /quotes/zigman/30194416/composite 600.70 -5.55 -0.92%
BAC /quotes/zigman/190927/composite 15.65 -0.29 -1.82%
C /quotes/zigman/5065548/composite 50.59 -1.20 -2.32%
F /quotes/zigman/264304/composite 13.56 -0.28 -2.02%
T /quotes/zigman/398198/composite 32.56 -0.48 -1.45%
BP /quotes/zigman/247026/composite 30.70 -1.71 -5.28%
GE /quotes/zigman/227468/composite 24.00 -0.51 -2.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/19622165/composite BBRY-2.28%
  • /quotes/zigman/1533674/composite YINN-10.42%
  • /quotes/zigman/7601800/composite JOY-1.48%
  • /quotes/zigman/20226781/composite BEAT+3.72%
  • /quotes/zigman/39660/composite LULU+1.28%
X
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