Word: suits
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Dates: during 1980-1989
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...court's ruling involved a suit by the McMahons, who own a funeral home, against giant Shearson Lehman/American Express. Back in 1984 the McMahons charged that their Shearson broker had churned their brokerage accounts, meaning that a variety of trading transactions were conducted solely to increase the brokerage commissions. The McMahons' contract with Shearson provided that disputes involving the handling of the account should be settled by private arbitration. By upholding that provision, the court ensured that brokerages will be able to divert hundreds of lawsuits from the courthouse to the arbitration room. Shearson estimates that it will save...
...effective speaking style and his occasional giddy lapses is curious in a politician who thinks of himself as "grounded" in both his psyche and his message. All his Democratic competitors save Jesse Jackson seem bland by comparison, technocrats who emphasize specific programs and highlight their resumes. Biden's long suit is his appeal to idealism, his promise to be a President who would lead by strength of will and uncompromising candor...
That anxiety has become a standard rite of passage for American parents. Beaver's family, with Ward Cleaver off to work in his suit and June in her apron in the kitchen, is a vanishing breed. Less than a fifth of American families now fit that model, down from a third 15 years ago. Today more than 60% of mothers with children under 14 are in the labor force. Even more striking: about half of American women are making the same painful decision as McPherson and returning to work before their child's first birthday. Most do so because they...
...disasters, Los Angeles County banned all reconstruction in the area. The center's owner, the First English Evangelical Lutheran Church of Glendale, took exception to the safety measure. Claiming that the county's action violated the Fifth Amendment, the church sued for compensatory damages. Almost eight years after that suit was initiated, the high bench, by a 6-to-3 vote, ruled in favor of the church...
...Justice John Paul Stevens, the dissenters branded the decision a "loose cannon." They charged that it would discourage the passage of important land regulations, "even perhaps in the health and safety area," and predicted that it would generate a swell of unproductive litigation. Indeed, the court returned the Glendale suit to California courts to determine whether the stringency of the county ordinance amounted to a confiscation or whether the ban was a reasonable safety regulation...