Word: settlements
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Dates: during 1980-1989
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...diplomatic coup earned political points for Jackson (see following story) and raised hopes for a settlement in Lebanon that would allow the Reagan Administration gracefully to withdraw the 1,800 U.S. Marines from Beirut. Making no mention of its own 40,000 soldiers in eastern Lebanon, the Syrian government said its gesture should prompt Washington "to end its military involvement in Lebanon." Though Reagan remained opposed to a U.S. pullout now, he did send a thank-you message to Assad saying that "this is an opportune moment to put all the issues on the table...
Shamir's problems grew worse when word leaked out that Finance Minister Yigal Cohen-Orgad's new austerity program included a freeze on settlement construction in the West Bank. The government spends an estimated $700 million a year, not counting defense costs, on the occupied region. Cohen-Orgad's proposal immediately brought protests from right-wingers, who regard the settlement program as insurance that the West Bank will remain in Israeli hands. Indeed, the Techiya Party, whose support is necessary if Shamir's coalition is to retain its slim four-seat majority, threatened to bolt...
...kind of case whose outcome seemed to justify Mr. Bumble's judgment that "the law is a ass." A man who jumped in front of a subway train in an attempt to kill himself sued the local transit authority-and won a $650,000 settlement. Only in New York, a smug outlander might be tempted to say. In theory, though, it could have occurred in most states, a dumbfounding example of how a needed legal reform can be pushed to the edge of irrationality...
...jury awards, "would have justified a verdict of, say, $3.5 million," observes Bernard. If the jury then found that Stephens was only 75% responsible for the accident, the Transit Authority might have been liable for $875,000, plus the cost of going to trial, thus making a $650,000 settlement "favorable from our point of view...
Rival financiers originally laughed at the proposal, but last week they stopped abruptly. Dean Witter Reynolds paid Merrill Lynch $1 million in an out-of-court settlement in a case involving patent rights for the CMA. The legal battles over the CMA, though, have only begun. Paine Webber has gone into federal court in Delaware questioning the validity of the patent, and Merrill Lynch reportedly is considering suits against Prudential-Bache and Shearson/American Express, which also have CMA clones...