Word: chapter
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...lengthy; the committee may spend hours on a single case. Decisions are made democratically with majority vote required for admission. The process has been studied by innumerable faculty committees, graduate students, and for many articles by The Crimson itself. Acting Dean of the Faculty Henry Rosovsky devoted an entire chapter to admissions in his recent book, The University: an Owner's Manual. Although one can disagree with our policies, one cannot responsibly claim they are secret...
Sometimes the medium gets in the way of the message. Last week the Colorado chapter of Greenpeace unveiled an antinuclear billboard blitz near the idle Rocky Flats nuclear-weapons plant outside Denver -- and ran afoul of another environmental group: Citizens Against Billboards on Highway...
...have been crushed by debt this year. From January through September, some 44,000 firms have failed, an increase of nearly 15% from the same period in 1989. The latest notable victim is Southland, the Dallas-based operator of the 7-Eleven chain of convenience stores, which filed for Chapter 11 protection last month after failing to manage its $2 billion in obligations. Financial analysts warn that many other debt-ridden businesses could be headed for bankruptcy unless they find a way to lighten their load. None of the methods are easy, but many firms are doing just that. With...
...companies that fail to get a handle on their onerous debt, bankruptcy looms. Once a shameful solution, even Chapter 11 is growing in appeal as other options disappear. For one thing, it allows indebted companies to keep operating while they reorganize. The newly revised tax law could add significantly to the number of firms seeking bankruptcy shelter. Under the new law, transactions in which debt is converted into equity will be taxed, thus increasing the costs of restructuring. But the tax will be waived if the company is under Chapter 11 protection...
...their aircraft. But the spectacle of the troubled carrier showing off its blue-and-gray fabrics and contoured seating reminded airline experts of the old line about rearranging the deck chairs on the Titanic. Just a week earlier the airline had veered away from a return trip to Chapter 11 bankruptcy protection, from which it had emerged four years ago. Instead Continental may try to raise cash by selling off some of its valuable routes and other assets. Like many of its competitors, Continental has been caught in a powerful economic downdraft at a time when the airline was expanding...