Word: files
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Dates: during 2000-2009
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...most of their business. Cornyn had a history with the issue: as attorney general of Texas, he loudly, though unsuccessfully, argued that the Enron bankruptcy should be moved from New York City to Houston so that workers who lost their jobs could watch and local creditors could more easily file claims. As the law now stands, firms can file bankruptcy where they're headquartered, where they're incorporated or where they have an affiliated company in bankruptcy. Enron was able to file in New York City because a commodities-trading subsidiary had already filed there. The reforms Cornyn proposed never...
...result is that certain bankruptcy courts see a disproportionate number of cases. According to a database of public-company bankruptcies maintained by LoPucki, from 1980 to 2008, 17% of companies filed in New York City and 34% filed in Wilmington, even though companies were headquartered in New York City only 7% of the time and in Wilmington less than 1% of the time. Executives typically decide where to file on the advice of their legal counsel. The two law firms that GM has hired to advise it on bankruptcy - Weil, Gotshal & Manges and Dewey & LeBoeuf - are both based...
...earned-income tax credit and the mortgage-interest deduction, is not even a century old; the 16th Amendment created the modern federal income-tax structure in 1913. But for years personal-income-tax business for accountants remained a trickle--in 1918, only 5% of Americans earned enough to file returns. After the IRS cracked down on tax evaders in the 1950s, two Missouri brothers smelled opportunity and launched H&R Block, charging customers $5 each to make sure their returns were in order...
Despite worries that the current recession may prompt Americans to save on fees and file their own taxes come April 15, more people than ever are going into accounting--some 60,000 now earn accounting degrees annually. The green-eyeshade brigade may even benefit from tax changes in the recent stimulus package. Such updates are always followed by confusion, a boon for tax experts...
...with Mandela presiding as the founding father of what Tutu dubbed "The Rainbow Nation," diversity, it was said, was no longer a source of division, but one of strength, hope, even beauty. Mandela's embrace of the new vision hid the fact that many in the ANC rank and file were struggling to discard their old monochrome view of the world. The ANC was - and still is - confronting the same dilemma that faces all liberation movements once in power. Simply put: good revolutionaries often make bad democrats. Revolutionaries plot in secret, follow orders and serve the people by leading them...