Word: givees
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...more often ruling in favor of companies - to the detriment of creditors and labor unions. "Whoever gets this case must rule for management, or else they'll never get another corporate case," he says. Others aren't convinced the outcome is so nefarious, though the system certainly does give particular judges more than their fair share of influence over bankruptcy case law. "You normally expect various decisions through various courts, which creates the opportunity for the development of the law," says Jeffrey Morris, a law professor at the University of Dayton. "But if you're in the same district...
Keynes led the British delegation to the 1944 conference in Bretton Woods, N.H., where Allied officials determined the postwar shape of the global financial system. He was unable to persuade his U.S. counterparts to give the institution at the heart of the new system, the IMF, the money-creation powers he envisioned. Those finally came in 1969 with the development of the SDR but remained limited in scope. No new SDRs have been created since 1981, and there are only 21.4 billion of them (equal in value to $31.9 billion...
What encouragement can you give to a housewife who wants to start a career at age 41? Saswati Biswas SHAWNEE, KANS...
...give me any advice for my swimming career? I'm 8 years old, and I have been on a competitive swim team for 2.5 years. Eva Wilk, DALLAS...
Even so, not every shareholder is thrilled at the prospect of selling to the Chinese. Chinalco is a huge consumer of iron ore, and mining companies fear that the investment in Rio Tinto could give China more influence over the price. During the boom years, when Chinese companies' appetite for virtually every metal was voracious, they got stuck with stiff price increases. The deal could give Chinalco, which already owns 9.3% of Rio, better access to the company's choicest deposits of copper, iron ore and bauxite. The secretary-general of China's Iron and Steel Association, Shan Shanghua...