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...government's right to settle unpaid taxes before other creditors are reimbursed; 20% of a troubled firm's distributable assets are now earmarked for suppliers. Yet some question the move toward a "rescue culture." "This is a combination of a rogues' charter and a lawyers' delight," says Nicholas Hood of U.K. insolvency firm Begbies Traynor. "There'll be a high number of unscrupulous debt counselors bouncing firms into administration where it's not necessary." You can almost see the lawyers getting in line. When Payoffs Don't Pay A German court ordered Deutsche Bank CEO Josef Ackermann to stand trial...

Author: /time Magazine | Title: Biz Watch | 9/21/2003 | See Source »

DIED. LESTER MADDOX, 87, flamboyant restaurant owner turned segregationist Georgia Governor; in Atlanta. Maddox, who as Governor was prone to stunts like riding on the hood of a car to announce a new stretch of highway, gained local notoriety by loudly refusing to serve three black Georgia Tech students in his Pickrick Restaurant in the wake of the newly signed Civil Rights Act--and by distributing ax handles to patrons as symbols of defiance. A frequent target of newspaper caricatures, the former soda jerk never apologized for his positions, saying in 2001, "I want my race preserved. I think forced...

Author: /time Magazine | Title: Milestones Jul. 7, 2003 | 7/7/2003 | See Source »

...science to that with the engine of a car: “They appreciate its importance, they understand what it can do for them and they recognize the needs for experts to make or repair it. But they have fundamentally not a clue about what goes on under the hood...

Author: By Alexander J. Blenkinsopp, CRIMSON STAFF WRITER | Title: Summers Speaks On Curriculum | 6/27/2003 | See Source »

...hour after the incident, with JFK St. still closed to traffic, a pair of sneakers and bloody bandages sat on the hood of the car with the smashed windshield in front of Pizzeria...

Author: By Jenifer L. Steinhardt, CRIMSON STAFF WRITER | Title: Three Teens Arrested After Square Stabbing | 6/2/2003 | See Source »

Half an hour later, I’m slouching by myself on a barstool at Cambridge Common, baseball cap pulled low and tucked under the dark hood of my sweatshirt. Amy, the cheerful bartender, asks for my ID and I hand over my California license, which bears a picture of me as a beatific, long-haired sixteen year-old girl. Amy looks back at me with an arched eyebrow and, remembering Starecheski’s advice, I bark, “Brooklyn Lager.” A sufficiently manly pint...

Author: By Mandy H. Hu, CRIMSON STAFF WRITER | Title: A Drag Diary | 4/24/2003 | See Source »

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