Word: extended
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Plus, amendments to the bankruptcy code, put in place in 2005, create another hurdle for distressed retailers. Under the new rules, a retailer now has only 210 days after filing for Chapter 11 to accept or reject its existing lease agreements (pre-2005, the companies could liberally extend a 60-day time limitation). Clearance sales typically give the bankrupt company a cash infusion to help pay off the DIP loans. But if a company can't reorganize in 210 days, and is forced to cancel its leases, it won't have a place to sell its goods. No sale means...
...that even a little dirt can do a lot of damage. A reduction of just 10 micrograms (10 millionths of a gram) of pollution per cubic meter of air - a degree of improvement many of the surveyed cities were able to attain during the two-decade-plus period - could extend human lifespans a full nine months. How small is 10 micrograms per cubic meter? Consider that simply by living with a cigarette smoker, you're exposed to a daily dose of 20 to 30. Pittsburgh, Pa., is one city in the survey that was at the 30-microgram level before...
...When Israel struck Gaza in December the Arab moderates initially backed Palestinian President Mahmoud Abbas, head of Fatah, while the resisters supported Fatah's bitter rivals, Hamas. Egypt and Saudi Arabia criticized Hamas for triggering the conflict by refusing to extend a six-month cease-fire. But as the death toll climbed and anger rose on the streets of Arab capitals, Saudi Arabia fell silent and Egypt scrambled to find a diplomatic solution...
...market can spin out of control - and that a nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our Gross Domestic Product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart - not out of charity, but because it is the surest route to our common good...
...ills on the West - know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist...