Word: pains
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Dates: during 1970-1979
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Religious Faith. But none of that could dispel the pain. Said Housewife Mary Lawrence: "I feel for parents who have no religious faith. What can you do if you love a child and then lose him? You have to take your strength from somewhere else." Said State Highway Patrolman Dan Gust: "I've seen a lot of accidents. But when you get right down to it, you get hurt just the same as anybody else." Gust's son, Steven, 17, had died in the crash...
...ends up paying the bills (including the one-third of the judgment that frequently goes to the plaintiffs attorney). Action is now being considered to set limits on what plaintiffs can receive. In Texas, for example, a state committee is working on proposed legislation that would restrict awards for pain and suffering...
Also troubling legal experts is the capriciousness of awards. Sums up W. Page Keeton, former dean of the University of Texas School of Law: "There are no yardsticks, no rules of thumb for courts to measure, say, pain and suffering. This is a major problem, and we're going to have to do some thinking about...
Corporate treasurers, indeed, are actively trying to avoid borrowing from banks; they remember too vividly the pain of 12% interest rates. Instead, companies are using their higher profits to repay past debt and in some cases pile up huge reserves of Treasury bills and other securities that can quickly be turned into cash. The idea: when the company needs money, it can sell the securities rather than borrow. Even when they do borrow, companies are shying away from banks and either selling commercial paper (a kind of IOU) at rates below the bank prime or tapping the bond market...
...outrage is well placed. Few fans weep for the professional athlete, even when he is hospitalized. He is young, heavily muscled and even more heavily compensated. A six-figure income does much to assuage pain and indignity. The essential concern is with that "entire generation's concept of sport." A fan, an owner or a player who comes to be lieve a pitcher has the right to injure a batter may as well believe that Bobby Fischer has a right to kick over the chessboard when he is threatened, or that order itself is an outmoded idea...