Word: congression
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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...
...factors are fueling the rise. The first is political. It's no coincidence that a record number of background checks occurred in November, the month Barack Obama was elected President and the Democrats took control of Congress. People grew anxious that the Obama Administration would ban semiautomatic weapons, so they rushed to buy guns before legislation could be passed. In a December survey by the research firm Southwick Associates, nearly 80% of active hunters and target shooters said they believed firearm purchases would "become more difficult" under the new Administration and a Democratic Congress. "Everybody is waiting for when...
...Some of the AIG executives under fire for taking fat bonuses have agreed to return the money. The insurance giant, which has received $180 billion in bailout funds, was obligated to pay out $165 million in bonuses as part of employees' contracts--prompting outrage from the public and in Congress. In all, more than $50 million in bonus money has been returned...
...Congress...
...Fujimori's success, however, was based on reclaiming the image of the populist caudillo, or strongman on horseback, just as the continent was ridding itself of the legacy of dictators who had turned disappear into a verb when dealing with their political opponents. He shut down Peru's Congress and judiciary in 1992; he created an "emergency" government that gave him and his spooky security chief (Vladimiro Montesinos, who himself was convicted in 2002 on a variety of corruption and human rights abuse charges) autocratic powers; and he rewrote the constitution to allow himself to be re-elected...