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...three-centuries-old role as one of the world's great business cities seemed threatened by overregulation. While the government dumped controls regulating foreign exchange in 1979, London continued to lose ground to other financial hubs because its equities market remained a closed shop. Long abolished in New York, minimum commissions on the London exchange killed price competition and risked turning the city's securities market into a backwater as money managers went elsewhere for a better deal. But in 1986, sweeping deregulation known as the Big Bang finally blew things wide open. Out went the late starts, long lunches...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...that he began busting broncos for money at age eight. As a teenager, he delivered newspapers on horseback in Texarkana's black slums. In 1949 he enrolled at the U.S. Naval Academy, where he was inspired by the can-do regimentation of the military. But after a four-year minimum Navy hitch, he resigned to join a firm synonymous with the kind of corporate bureaucracy Perot now claims to disdain...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

...importance to him is clearly not a matter of money: Simon, whose net worth is estimated at a minimum of $30 million, can afford the luxury of being the majority backer of his plays, which nowadays cost around $800,000 to mount. Nor will the show's fate much affect his power: his record is so strong that his name appears above the title on many of his plays and movies, a rare honor for a playwright and an all but unprecedented one for a screenwriter who is not also a director. Virtually anything Simon writes will be produced?...

Author: /time Magazine | Title: Neil Simon: Reliving A Poignant Past | 1/26/2007 | See Source »

...school-zone statute was enacted in 1989 as part of then-Governor Dukakis’ plan to “make school drug-free by 1990.” It imposes a mandatory minimum two-year prison sentence, and no more than 15 years, if defendants are convicted of possession with intent to distribute. In Massachusetts there is no set number for what constitutes intent to distribute and can be based on a variety of factors, including how the drugs are packaged...

Author: By Rebecca M. Anders, CRIMSON STAFF WRITER | Title: Schools Law Ups Drug Penalty | 1/12/2007 | See Source »

...school is nearby,” she says. “Your actions don’t have to relate to the students or the staff or anything to do with the school. The ACLU has been opposed to that kind of a law, and more generally, mandatory minimum sentencing for a long time...

Author: By Rebecca M. Anders, CRIMSON STAFF WRITER | Title: Schools Law Ups Drug Penalty | 1/12/2007 | See Source »

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