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...court costs and taxes were paid first. What was left went to the unsecured creditors on a pro rata basis. Many of the creditors remained unpaid, while the debtor had little left with which to start a recovery. Only in about 15% of the cases did debtors choose to proceed under Chapter 13, or the "wage-earners' plan," which permitted partial repayment of debts over three years and sometimes longer, but subject to the creditors' veto...

Author: /time Magazine | Title: Law: In Search of Life After Debt | 4/7/1980 | See Source »

Aquinas reasoned that each effect must have a cause and that an endless chain must proceed back to a primordial First Cause or Prime Mover. In How to, Adler rejects that starting point because a universe with a beginning presupposes the Creator that it seeks to prove. Therefore Adler assumes that the universe had no beginning. He also rejects the idea that a higher cause underlies and explains all phenomena in the universe, on the ground that natural processes provide sufficient explanation...

Author: /time Magazine | Title: Religion: Modernizing the Case for God | 4/7/1980 | See Source »

...major league baseball players voted not to play the rest of their spring training games and to strike on May 22 if their union has not reached a new Basic Agreement with the owners by that time. Opening Day will proceed as scheduled barring a lockout by the owners...

Author: NO WRITER ATTRIBUTED | Title: BASEBALL STRIKE? | 4/2/1980 | See Source »

...Justice Department had already begun looking into the charges against Textron. Civiletti added, however, that he had "very serious doubts that specific information sufficient to trigger the act has been developed indicating that Secretary Miller has violated any criminal law." Civiletti said he was directing the Justice Department "to proceed with all possible speed" to bring before a grand jury any evidence of possible improper dealings by Textron and Bell Helicopter...

Author: /time Magazine | Title: Nation: Miller's Other Woe | 3/24/1980 | See Source »

Once at the gym, Reagan and the four unscheduled candidates went into an anteroom to decide how to proceed. Bush arrived, knowing nothing of this turn of events. As he approached the dais, he was invited to join the others in the anteroom. He declined, pleading the press of time and thinking he might be walking into a trap. When Reagan finally appeared with the other four and argued for a six-man forum, Moderator Jon Breen, editor of the Telegraph, insisted that the format would not be changed...

Author: /time Magazine | Title: Nation: We Were Sandbagged | 3/10/1980 | See Source »

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