Word: amendment
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Those who have already filed will need to go back and amend their returns, noting the new rules, and will get a filing extension to May 15, the IRS said. There are an estimated 4,800 people and/or funds who invested directly with Madoff and many more thousands who invested through pension and "feeder funds." In addition, there are an estimated tens of thousands invested with R. Allen Stanford's alleged $8 billion Ponzi and in the dozen or so Ponzis that have surfaced in the last three months...
...Iowa, Connecticut, Vermont and elsewhere - and at the federal level. All sides on the debate expect the issues bubbling up out of the state courts and legislatures to eventually gain traction in federal courts too, ultimately leading to a case before the Supreme Court or efforts to amend the U.S. Constitution or both...
...Chin considers whether he can craft a compromise with his fellow justices that would both uphold Prop 8 - and therefore the right of the people to amend the state constitution - and assert the right of gay people to be treated equally, he may find that the folks who cling hardest to marriage are gay couples. After all, what was the most sweeping part of the May 2008 decision Ming and his colleagues issued that granted gays the right to marry? It was the idea that the word marriage is so strong that denying it to gay couples violates the most...
...justices created the right to marry same-sex partners in California last year in a sweeping 4-3 decision. But in November, Californians went to the polls to amend the constitution to prohibit gay marriage. The amendment passed with 52% of the vote, but protests spread throughout the state in the days immediately after the vote. Several groups sued, arguing that stripping away the right to marriage amounted to such a serious change to the constitution that it should require more than a simple majority vote. (Read "A Brief History of Gay Marriage...
...Chief Justice Ronald George, the Republican justice who authored last year's opinion, appeared to agree that the barrier to constitutional amendments is far too low in California, noting that the Golden State has seen fit to amend its constitution no fewer than 500 times since 1911, while the U.S. Constitution has survived more than 200 years with just 27 amendments. But like Kennard, who had also voted with the majority to establish the right to gay marriage last year, George seemed to suggest Thursday that until the people of California raise the barrier for amendments, the court has little...