Word: laws
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...weeks arguing that they should win because what they plan to do with the money is more worthy than what the other side has planned. "You do see this sort of thing in cases that involve people with dubious reputations in the public eye," says James Cox, a law professor at Duke University. "And I do think a desire to improve his public reputation is what is driving Greenberg in this case." (See the top 10 worst business deals of the past year...
...moral failing. Accordingly, owing as little as 40 shillings (less than the price of a fine pair of bedsheets) could get you thrown into a Dickensian debtors' prison. Amid the financial turmoil that followed the Revolutionary War, however, delegates to the Constitutional Convention predicted the nation might need laws that would facilitate going belly-up in an orderly fashion. The first federal bankruptcy law, which drew on English statutes, was signed in 1800 and redounded to the benefit of at least one delegate: Robert Morris of Pennsylvania, who wound up $3 million in the hole after opening his purse...
...harm on our territory," Medvedev said to reporters when he visited Makhachkala on Tuesday. "This is a gauntlet thrown down to authority, to the state." But those "freaks" are actually most likely locals, brought up within the North Caucasus' clan system in which violence and corruption are the law of the land. "The problems for every territory are different," Alexei Makarkin, deputy general director of the think tank Center for Political Technologies in Moscow, tells TIME. "The one thing they all have in common is a culture of clans. This stops the economy from developing and also absorbs the young...
Medvedev told the security council of Dagestan that since the beginning of the year, a total of 235 people - 48 civilians, 112 bandits and 75 law enforcement officers - have been killed in the North Caucasus. Observers believe the real number to be much higher. Following Medvedev's visit, two policemen in Dagestan were killed by gunmen on Tuesday afternoon. On Wednesday, the deputy chief judge of the Supreme Court of Ingushetia was murdered by unidentified gunmen outside a kindergarten...
...said the government was expecting a record voter turnout by the country's 46.2 million eligible voters and added that "it makes no difference to us which of the candidates becomes President." Daneshjoo said the government was interested only in holding "morally clean" elections and that according to the law, representatives of the Interior Ministry and the Guardian Council would ensure fairness...