Word: exemption
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...draft. Former Ohio State running back Maurice Clarett, who at the time was suspended from college football for accepting improper gifts and filing a false police report, had sued the league, alleging that this rule violated anti-trust law. Sotomayor argued that the age-eligibility rule was exempt from anti-trust law, even though the rule is a "hardship" on players who are not yet members of the players' union. Says Karcher: "Her ruling gave the union the authority to negotiate terms on behalf of amateur players, taking them out of the anti-trust arena and keeping them...
...where he could actually forgive his father's failings or at least laugh about them (though there is an element of Oedipal assassination in this lovingly unflattering portrait). The poetry of Losing Mum and Pup--and it has some--arises from the fact that even extraordinary people are not exempt from the pedestrian, democratic reality of death. When Christopher complains about his father's driving, his aunt says wryly, "Don't you understand? The rules don't apply to him." But in the end, they...
...fishermen in Newfoundland and Labrador are indigenous Inuit people, who hunt seals to supplement their incomes and say the ban threatens their livelihood. Before the vote, an Inuit delegation from Canada's northern Nunavut territory appealed to MEPs to reconsider the ban. The MEPs did amend the ban to exempt seal products coming from traditional Inuit hunts. But Inuit leaders warned it would still kill their market. "This exemption is nothing but a ruse," Nunavut Environment Minister Daniel Shewchuck said in a statement. "With an outright ban on commercial trade, the price of skins will collapse, and with...
...fees paid out by the University. This practice, which reduces HMC tax obligations, is questionable because much of the income that Harvard receives from the firms actually derives from management fees that the firms collect from other investors—activities unrelated to the University’s tax-exempt purpose...
...Many of these credit-rating agencies are beginning to argue that their ratings are informed opinions, not answers, just as Moody described in 1909. Thus, some claim, they should be exempt from rebuke. According to The Wall Street Journal, many credit-rating agencies intend to use the constitutional right to free speech as a defense against upcoming litigation cases. While this may be juridical truth, and a clever defense, conflicts of interest and careless behavior will remain even under the old, investor-paid model. All the regulators can do is continue to effectively cooperate with rating agencies, working to create...