Word: localized
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Lawyers - particularly those based in New York City and Wilmington - say the process helps shepherd complicated cases into the hands of experienced judges. Yet some legal experts argue that venue-shopping is a way for companies to run from local suppliers, creditors and employees, making it tougher for those groups to file claims and otherwise participate in the case. "The autoworkers live around Detroit," says Lynn LoPucki, a law professor at UCLA. "You go to New York, and suddenly all of those workers can't sit in the courtroom." (Read "Can Detroit Be Retooled - Before It's Too Late...
...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're incorporated or where they have an affiliated company in bankruptcy. Enron was able to file in New York City because a commodities-trading subsidiary had already filed there...
...phalanx of mentors for the Afghans. Much of the more than $32 billion that the U.S. government has spent in aid to Afghanistan since 2002 has gone through the military or its provincial reconstruction teams. The projects are designed to earn goodwill for foreign forces as much as for local governors, but they also have the unintended consequence of undermining the central government, which never gets a chance to take credit for providing basic services such as roads, electricity and education. "We aren't here to win hearts and minds," says Jeremy Brenner, a U.S. State Department adviser based...
...Long before the U.S. arrived in Afghanistan, the Korengal was relatively rich. It wasn't farming that sustained the area's residents; the rocky hillsides grow few crops. But a lucrative trade in the region's cedar forests funded satellite-TV dishes and fancy four-wheel-drive trucks. Local lore holds that the fight with the Americans began in earnest when the U.S., acting on a tip from a rival tribe, dropped a bomb on the lumber mill of a local chief, killing some of his relatives and leading to a campaign of vengeance...
...decision by the Karzai government, concerned about the environmental impact of clear-cutting, to ban timber exports outright. The valley's population lost its only source of income. Smuggling rings took over, bringing corruption in their wake. As it has elsewhere in Afghanistan, the national Taliban movement co-opted local grievances. (Taliban, these days, no longer refers just to the regime that once ruled the country; the word has become synonymous with any number of antigovernment forces.) Tribal elders say the fight in the Korengal is directed and funded by Gulbuddin Hekmatyar, a warlord who was once backed...