Word: judgments
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...stay that kind of litigious stir, not just in Barbour County but also in the heart of the national citizenry, the House approved 1) a "losers pay" bill, which would require the party that had first rejected a settlement and then won a judgment for a lower amount to cover the opposing side's legal fees; 2) a bill tightening requirements for bringing securities-fraud lawsuits; and 3) a bill that would cap punitive damages in product-liability cases at $250,000 and allow judges to sanction parties that bring frivolous product-liability lawsuits. The bills were welcomed...
...this year, if it weren't for all the lawsuits. The full-page advertisement in the Washington Post said DON'T LET HER SEASON END IN A LAWSUIT. But the horse the conservatives rode hardest was the case of the elderly woman who was awarded $2.9 million in a judgment against McDonald's after she burned herself with a McDonald's cup of coffee (the payoff was reduced on appeal to $480,000). As Suffolk Law School professor Michael Rustad told TIME, despite the perception out there of vast monies changing hands in these cases, only 10% of punitive-damages...
...Shirley Chater as commissioner of the Social Security Administration, Republican Alan Simpson of Wyoming confronted Chater with a poll showing that more people under the age of 35 believe in UFOs than in the prospect that Social Security will pay them benefits upon retirement. Whatever the merits of their judgment on extraterrestrials, on Social Security the new workers have it exactly right. Given enough time, reality bites...
Even with a clear path to his party's nomination, Clinton will have to justify a second term in light of the likely judgment that his first four years were not a wild success. The President's advisers insist Clinton's future will look brighter once a Republican opponent emerges. "Politics is a binary game," says Mike McCurry, the White House press secretary. "There are winners and losers, and the choice will be between Clinton and someone who offers a contrasting vision." In the comparison of his vision against Bob Dole's or Phil Gramm's, Clinton's aides believe...
Gramm will have to avoid the sorts of errors in judgment that have embroiled him in controversy over his financial ethics. In 1989 he was fined $30,000 by the Federal Election Commission for accepting illegal corporate donations during his 1984 Senate campaign. Gramm was also investigated, and later absolved, by the Senate Select Committee on Ethics over a land deal in the mid-1980s in which the owner of a soon-to-fail Texas S&L undercharged him for work on Gramm's vacation house in Maryland...