Word: coded
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...rising sun, plies the drearier streets of New Haven, Conn., drawing eager throngs like some dark version of the Good Humor truck. Four times a week, the "dope fiends," as they call themselves, line up to enter the vehicle. They identify themselves to city workers by their code names ("Carol Burnett," "Streetcat," "Wizard") and, in exchange for used needles, receive survival kits: bottles of bleach, bottles of water, clean needles, and condoms. They do this because they are terrified of the epidemic that is raging through their city. "Just because I shoot drugs doesn't mean I don't care...
Congress added the Chapter 11 provision to the federal bankruptcy code in 1978 so companies could stay in business while working out repayment plans. But a national debate has now sprung up over whether the country would be better off if sick firms were allowed to die. Last year nearly 21,000 firms filed Chapter 11 petitions, the most since 1986. More significant, many of the new cases are mammoth, involving such familiar names as Macy's, TWA and Orion Pictures. While few large companies entered Chapter 11 before the mid-1980s, more than a dozen with assets exceeding...
Alarmed by such abuses, Congress is considering reforms. The Senate Judiciary Committee has called for a blue-ribbon panel to study whether the entire 1,568-page bankruptcy code should be overhauled. The panel would also consider speedy alternatives to Chapter 11 proceedings, which last about two years on average and force companies to expend vast sums of scarce cash on legal and accounting fees...
...firms file their reorganization plans within 90 days and average just six months in court. Spector Molding, a $3 million plastics company, made an even quicker getaway; it was in and out of Small's court in less than two months. "Cases like this are why the code was written," says Trawick Stubbs, the firm's attorney. "Congress has said, and I agree, that it's preferable to have reorganization and rehabilitation rather than liquidation...
...base by upsetting the blacks he needs to turn out in droves. When he turns back to recapture them, we'll hit him for supporting the conventional Democratic response of throwing money at the problems. The people who vote, the middle- class swing voters, hear 'city' as a code word for blacks and decay, for everything they've run to the suburbs to avoid. They're upset with the King verdict, sure, but they're more upset about their being the next white victim when they drive through the areas they've mortgaged their lives to escape from...