Word: chapter
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...BOTTOM LINE: Is your mouthpiece taking notes to keep you out of jail or to put you in Chapter...
...sent chills through corporate boardrooms. That was before he got into the airline business. After seven long years of trying to make a go of TWA, Icahn has announced that he is giving up. As part of a reorganization plan that should enable the battered carrier to emerge from Chapter 11 bankruptcy protection early next year, Icahn agreed to provide $615 million in cash, loans and pension-fund guarantees. The deal will put the shrunken carrier on sounder financial footing, though it remains to be seen whether TWA can survive the dogfights still pounding larger and stronger carriers...
Northwest, for example, barely averted a Chapter 11 crash landing by securing $2.2 billion in new financing and cancellation or delay of a whopping $6.2 billion in orders for new aircraft. And just a week after industry leader American Airlines was forced to let go 576 of its managers, Delta chairman Ronald Allen conceded that layoffs and pay cuts may be necessary at his carrier too. Perhaps the most dramatic evidence of the industry's deepening distress is TWA's decision in effect to call in the cavalry. Chrysler chairman Lee Iacocca, who will retire at the end of this...
...being overwhelmed, having inherited a school in turmoil. Says Pannell: "The only thing you can do is pray daily: 'Give me the wisdom to make the right decision.' " He is nothing if not pragmatic, accepting the largesse of corporate donors and government alike (he receives both Head Start and Chapter I funds), and espousing a mix of George Bush's "thousand points of light" and Lyndon Johnson's "Great Society." To encourage the children, he has set up an elaborate system of rewards for excellence in every category, amassing a treasure of parchment certificates and glittering trophies, medals and pins...
...author who shares Clinton's passion for such nuts-and-bolts issues as bank lending to inner-city residents and privatized pothole repair. The two met in 1985, when Osborne interviewed Clinton for his first book, Laboratories of Democracy, which was published in 1988 and included an admiring chapter on Clinton's education reforms in Arkansas. Since then, Clinton has promoted Osborne's writings to fellow Governors. Osborne's ideas have been praised -- and implemented -- by politicians ranging from Republican Governor William Weld of Massachusetts to Democratic Governor Lawton Chiles of Florida...