Word: coded
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Venue-shopping has been hotly contested in the past. When Congress was updating the bankruptcy code in 2005, Republican Senator John Cornyn of Texas proposed changes to keep more bankruptcies where companies do most of their business. Cornyn had a history with the issue: as attorney general of Texas, he loudly, though unsuccessfully, argued that the Enron bankruptcy should be moved from New York City to Houston so that workers who lost their jobs could watch and local creditors could more easily file claims. As the law now stands, firms can file bankruptcy where they're headquartered, where they...
...takes an estimated 32.7 hours to complete a standard 1040 income tax form, according to the Internal Revenue Service, so it's no wonder that nearly two-thirds of Americans get professional help. The U.S. income tax code, replete with embellishments like the earned-income tax credit and the mortgage-interest deduction, is not even a century old; the 16th Amendment created the modern federal income-tax structure in 1913. But for years personal-income-tax business for accountants remained a trickle--in 1918, only 5% of Americans earned enough to file returns. After the IRS cracked down...
...lessons should be obvious from this episode for Harvard fans. First and foremost, there is a need to revamp the college recruiting process in a way that makes the NCAA a legitimate governor or owner of the process. Right now, the byzantine code that governs recruiting is virtually impossible to understand, allowing coaches both good and bad to take shelter with excuses about the clarity or application of NCAA guidelines. In the end, there is no question that the recruiting process needs to be revamped...
...Siberia. What the U.S. needed after Sept. 11, Andrus argued, was something that could handle rapidly changing, complicated threats. Intelligence organizations needed to become complex and adaptive, driven to judgments by bottom-up collaboration, like financial markets or ant colonies - or Wikipedia. (See the top 10 Secret Service code names...
...grump blossom.' GAEL MURPHY, one of the Code Pink activists, making light of Frank's threats to eject the group from the proceedings for their "silliness...