Word: provisionals
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Some probusiness sections of the bill are at least palatable to environmentalists as well. One provision that reduces the regulatory barriers to construction of natural-gas pipelines pleased the gas companies but also promised increased use of this relatively clean energy source. Even the nuke- licensing provisions are less threatening...
Earlier this year it was hoped that the Earth Summit treaty would include a provision making genetic materials of all kinds the sovereign resource of the originating country. Nations would have control over who had access to their genetic resources, and if someone else found a way to make money...
IF DEAD PRESIDENTS COULD SMILE IN THEIR GRAVES, James Madison would be beaming. Nearly 203 years after the fourth President proposed a constitutional amendment to prevent Congress from giving itself a midterm pay raise, a requisite 38 states have agreed that there is "a seeming indecorum," as Madison contended, in...
ACCORDING TO THE AMERICAN capitalist gospel, it is no sin to go belly up. Quite to the contrary, U.S. firms enjoy the most liberal bankruptcy laws on earth -- a privilege strengthened by a provision of the code known as Chapter 11 that holds creditors at bay while often allowing sick...
Congress added the Chapter 11 provision to the federal bankruptcy code in 1978 so companies could stay in business while working out repayment plans. But a national debate has now sprung up over whether the country would be better off if sick firms were allowed to die. Last year nearly...