Word: exemption
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After a week-long probe, the authorities dropped their investigation, having decided that, as a work of art, Hörl's gnome is exempt from the law. But the fact that there was an investigation at all is proof of how seriously Germany takes its anti-Nazi laws. More than 60 years after the end of World War II, the horrors of fascism and the Holocaust remain etched in Germany's collective consciousness. (See pictures of Hitler's rise to power...
...originally called the Jewish Free School) was at first found to be exempt from race-relations laws. But when the case was taken to appeal, judges ruled that the school was violating the law created in 1976 to end racial discrimination in the U.K. The decision rocked Britain's faith schools and sparked a debate over the basis of religious identity as Britain's Jewish community found itself asking, What or who defines someone...
...restrained by police. The violence came after the city's ultra-Orthodox mayor had tried to ban the march but was overruled in court. The following year, police ordered 12,000 officers to protect a few hundred marchers from possible ultra-Orthodox violence. Even Tel Aviv has not been exempt from gay-bashing. Gay activist Shlomi Laufer, writing in Tel Aviv's daily Yedioth Ahronoth, recalled two men embracing on the boardwalk being spat on and others being chased with baseball bats and even stabbed...
...teams at Goldman Sachs and JPMorgan Chase avoided giant missteps in the lead-up to last fall's panic and are now wresting market share from wounded competitors and raking in billions. They've already paid back the bailout funds they got in October, which means they're exempt from compensation limits and can disburse their gains to employees in the form of titanic end-of-year bonuses. That's how capitalism is supposed to work, right? (Read "Hooray for Boring Banks...
...most reasonable objection the banks have to the CFPA is that its reach is too limited, hence subjecting banks to burdens other financial firms won't bear. Products regulated by the Securities and Exchange Commission and Commodity Futures Trading Commission would be exempt from CFPA oversight, as would most insurance companies, which are regulated by the states. And while the CFPA would have authority over anyone extending credit to consumers, the first line of regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because...