Word: chapter
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Dates: during 2000-2009
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...1970s urging others to quit. Smith, who once told the New York Times he started smoking "as a teenager by picking up butts from the street during the Depression," organized a local event called "D-Day," or "Don't Smoke Day," in 1976. The next year, the California chapter of the American Cancer Society sponsored a similar event, and by 1977, the Great American Smokeout was born. In subsequent years, the Smokeout has encouraged millions of Americans to set aside their packs and cartons, if only for one brief, breathable day. (See pictures of vintage cigarette advertisements...
...Obama's election heralds a new chapter in American politics and race relations. I congratulate American voters on electing him not through a racial prism but for his ability to protect and serve their interests. I hope that in my lifetime Australians will elect an Aboriginal man or woman as prime minister. Gregory Jones, Sydney...
...phenomenon we now know as Chapter 11 bankruptcy was born during the financial panics that regularly pummeled the U.S. economy in the 1800s. Railroads had emerged as the country's first large industrial corporations, and every time the markets crashed and the economy slumped, many found themselves unable to pay their bills...
...reorganization option faded after William O. Douglas (then SEC chairman, later a Supreme Court Justice) persuaded Congress in 1938 to approve more punitive bankruptcy laws, but it was resurrected by Congress in 1978 as Chapter 11 of the bankruptcy code. Since then Chapter 11 has been used to reorganize airlines, steelmakers and countless other companies in trouble...
...center. Over the past quarter-century, though, a "shadow banking system" of investment firms, hedge funds and derivatives dealers grew up that was subject to the same risks as banks but not the same rules. In September, Lehman Brothers, a major cog in this system, filed for Chapter 11. In one sense the process worked as designed--much of Lehman lives on under the names Barclays and Nomura. But the resulting run on the financial system sent Ben Bernanke and Hank Paulson scurrying in panic to Capitol Hill to ask for a $700 billion bailout...