Word: overhauled
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Dates: during 1990-1999
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...decibel speaker, House majority leader Richard Gephardt, seems too opportunistic as he screeches out a hard-rock message of economic nationalism and a Free Enterprise Corps while bashing Bush for timidity. Bill Bradley is the party's rap star, tapping out his proposals for Third World debt, tax-code overhaul and international monetary reform in monotone...
Today's turnaround boom is rooted not only in overleveraging but also in a 1978 overhaul of the bankruptcy laws that strengthened the hand of ailing companies in negotiations with their creditors. The changes permitted bankrupt firms to restructure their finances and return to business without struggling through pitched court battles over every asset. Explains David Post, executive director of the Turnaround Management Association, a North Carolina-based trade group: "1978 said that if you can achieve an agreement with a majority of your creditors, the court will allow you to reorganize" without satisfying all of them...
...least two Democrats are already calling for an overhaul of the bailout. Minnesota Congressman Bruce Vento and Nebraska Senator Bob Kerrey proposed bills last month that would scrap the Oversight Board and concentrate all responsibility for the rescue effort within one agency. Says Kerrey: "This is the No. 1 domestic problem, and it isn't being given the attention it deserves. Bush has dropped the ball." Even so, Congress and the Administration are likely to avoid returning to the S&L problem this year. Almost no one wants to admit defeat on a much applauded plan so soon after enacting...
...doubts remain that Harvard's tenure system is in serious need of an overhaul, they should be put to rest by the recent news about the English Department...
Like much of the U.S. mainland, Puerto Rico is strapped for funds that it sorely needs to overhaul its schools and other public facilities. But the commonwealth does own a thriving telephone company that has a total value of more than $2 billion. So last week Governor Rafael Hernandez Colon proposed that Puerto Rico sell the phone company and invest the proceeds in two $1 billion funds. The commonwealth would use the interest from the funds to upgrade Puerto Rico's schools and rebuild its crumbling infrastructure, including its water and sewerage systems...