Word: settlements
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Dates: during 2000-2009
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...Feinberg, 64, holds a unique position in American society. He decides what people - their pain as well as their day-to-day roles - are worth. Appointed 25 years ago to distribute about $200 million to Vietnam vets poisoned by the herbicide Agent Orange, he has become the Solomon of settlement. As head of the 9/11 fund, he held town-hall meetings and met one on one with countless grieving relatives to explain his bottom line on the lost years of mothers and fathers and daughters and sons. "He recognized the astounding amount of sensitivity of the assignment," says former Senator...
Critics say the auctions are another example of a "marketing to Madoff victims" campaign by industries ranging from life insurance to real estate. A common agenda item for Madoff-victim groups, say their leaders, is the relentless mailings for offers like life settlement or selling a life-insurance policy to a third party for a profit. (See TIME's Wall Street covers...
...fact that they don't want these books accessible isn't a shocker," he said. "The vast majority of people I talk to are very excited about the idea that this content is going to be unlocked and opened up." Clancy acknowledged criticism that some parts of the settlement may be too broad but said changes would be "targeted and surgical." While it may not be optimal to have only one company selling digital copies of old books, it's "better than zero," he said...
...publishers, while providing only minimal profit to Google? Or will it chart the course for future digital publishing and nudge Google ahead of rivals in the infancy of an emerging and potentially lucrative business? It is suspense worthy of a legal thriller - and Scott Turow is among the settlement's supporters...
Objectors have raised a dizzying array of criticisms: that the deal would put Google, the author's group and a small number of large publishers in the driver's seat of as-yet undiscovered e-book technology; that foreign authors and publishers weren't included; that the settlement was struck in secret; that many publishers and authors - particularly those in other countries - didn't even know about the case and weren't given enough time to respond once they found out. Publishers in Sweden and Germany complained that the settlement notification was so poorly translated that they had trouble understanding...