On March 29, Westinghouse Electric Company filed for Chapter 11 bankruptcy to restructure after facing costly issues at power plants currently under construction.1 The filing comes slightly more than 10 years after Japanese conglomerate Toshiba acquired the company for $5.4 billion.2 Westinghouse has been known as one of the United States’ most dominant nuclear power…
Author: Harris Ahmad
President Trump’s Potential Changes to NAFTA
In January 1994, the North American Free Trade Agreement (NAFTA) was signed into law.1 The agreement between the United States, Canada, and Mexico, was created to facilitate free trade across the North American countries by eliminating tariffs and making it easier for companies to move from the U.S. to Mexico.2 The agreement was controversial during…
The Evolving Business Model of “Big Law”
In the years following the 2008 global recession, the legal industry’s largest firms faced financial difficulties resulting in mass layoffs, mergers, and bankruptcies1 In this blog post, I will discuss some of the changes that have occurred in the “biglaw” industry since the recession along with the reasons for these changes. Most notably, many large…
The Impact on Businesses from Trump’s and Clinton’s Respective Tax Proposals
In this blog post, I will provide a brief analysis of the tax proposal of the presidential candidates from the two major parties. First, I will examine the relevant portions of Republican nominee Donald Trump’s tax proposal and their potential impact on U.S. businesses and the overall economy. Then, I will do the same with…