Word: legalism
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Dates: during 1990-1999
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WASHINGTON: While multi-billion-dollar legal settlements have Florida and Mississippi claiming victory over the tobacco industry, these deals are actually big wins for cigarette companies ? because they are saving money on the proposed $368.5 billion national settlement...
...these calls ? he'll probably emerge unscathed. After all, it is a drop in the ocean compared to the millions both parties snag in soft money contributions. In the absence of campaign finance reform, the real scandal is not what's illegal, but what's still legal...
...former real estate saleswoman, widow of a judge and mother of a prosecutor, Mary Ann Downs had far more financial and legal acumen than most aging fraud victims. Even so, con artists had little trouble scamming her out of $74,000. Why? How? Her story is a classic study in what makes fraud against elderly people, especially women, one of the biggest growth industries in America. Con men are bilking the elderly out of $40 billion a year, by one FBI estimate...
Elderly residents are sometimes the target of home-repair scams. "These people are cash poor but real estate rich," says Frederick Arriaga, a lawyer with Legal Aid in New York. Their houses, however, may be old and in need of repair. One three-story row house in Brooklyn, N.Y., was bought for $25,000 in 1968 by Warren Singleton, a safety officer at a public school, and his wife Minnie, a health-care assistant. They hoped it would yield enough rental income to support their retirement. After bad tenants just about wrecked the two top floors, Minnie responded...
...back of the First Cat's stamp. The International Collectors Society, a privately owned stamp company, sells a block of nine for $12.95. The company, based in Maryland, is appointed by post offices around the world to help market and distribute special-interest or collector stamps, which are legal for postage in the country where they are produced and recognized by postal authorities worldwide. i.c.s. buys the stamps from the government, usually paying above face value, and covers distribution costs. The country takes a cut from the company's profits...