Word: bullocks
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...country, and is an invitation-only affair. Fifteen of the top collegiate players in the country are invited to compete, and a sixteenth player earns a spot by winning a qualifying event locally in Virginia. Currently, Harvard’s top three players are Broadbent, junior James Bullock and Patterson, respectively, but Bullock was unable to attend due to an academic commitment...
...California jury’s decision on Friday that Phillip Morris must pay $28 billion in punitive damages to a lifetime smoker may prove a blessing in disguise for the tobacco giant. Betty Bullock, a 64-year-old with lung cancer who has smoked since age 17, persuaded the jury to punish the company for malicious deception she claims lured her into addiction. They were so disgusted that they set the award a full $8 billion higher than Bullock’s attorney requested, and $25 billion higher than the largest settlement to date...
Whatever vulnerability the Bullock decision may seem to suggest for the tobacco industry, more than anything, it highlights the dangers inherent in using individual liability lawsuits to punish big tobacco. Not only have suits like Bullock’s been historically ineffective, but they also threaten to weaken support for other more effective types of legal attacks. Collective suits, like class actions or those by the government, exert more financial leverage on tobacco companies, rest on a stronger legal foundation and engender less skepticism from the public...
...bitter reality of the Bullock decision is that Phillip Morris will never turn over a penny of the award. After four decades and thousands of lawsuits, Robert A. Levy of the CATO institute points out, no tobacco company has ever paid any court-awarded damages. Given that they win eight or nine of every ten individual litigations on average, according to Goldman Sachs tobacco analyst Marc Cohen, they have little cause for concern. If the Bullock decision signaled a real threat to Phillip Morris, we would expect investors, the most paranoid sentries of corporate danger, to sell off stock...
...work out a story." Her own ascent to power, however, hasn't been easy. Though she was named chairman in 1999, she seemed to lack the golden gut of the most successful studio chiefs. She released a string of uninspired teen movies and such duds as the 2000 Sandra Bullock-goes-to-rehab drama 28 Days. Guessing when she would be fired by her Sony bosses became a favorite Hollywood pastime...