Word: laws
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...Bankruptcy law ranks claims against a failed company. Stockholders have the weakest claim - they made a bet on success, got failure instead, so too bad. The strongest claims belong to secured lenders, which are first in line for any proceeds if the company is liquidated. In between lie the unsecured claims. For a carmaker, this creditor class includes suppliers who haven't been paid, car owners whose repairs ought to be covered by warranty, dealers seeking reimbursement for manufacturers' rebates - and the UAW seeking a VEBA payment...
...surprise, most people expect Sotomayor to be on the court when it opens its next term in October. The Democrats already have 59 votes in the Senate. And Sotomayor isn't a barn-burning leftist. She tends to write narrowly crafted rulings that focus on close application of the law. She resists rhetorical flourishes and sweeping philosophical statements. Altogether, she's a liberal jurist who will be replacing another mostly liberal vote on the court, David Souter, which means her arrival there won't do much to change the ideological balance. (See pictures of Sotomayor's career...
...when he met her for the first time, Obama, a former law professor, engaged Sotomayor in a lengthy discussion about the court and the Constitution. "What the President told us," an Obama senior adviser said later, "was that he was very struck by her discussion of her approach to judging, how effective she has been in working with her colleagues on the Second Circuit, including colleagues appointed by Republican Presidents, and how her judicial craftsmanship and precision in the law can be effective in bridging ideological differences and producing consensus opinions...
...this year. As Abhisit's coalition is still intact, no election date has been set. "We have been asking for political reform, but for five months this government has not responded to us," Panthep said. "We will ally ourselves with any party that wants transparency, the rule of law and an end to corruption." (See pictures of the 2008 protests in Bangkok...
...Both PAD and Thaksin's supporters, known as the 'red shirts,' have been at the center of Thailand's civil unrest for years, flouting the law with apparently little consequences. The PAD seized Bangkok's international airport for eight days late last year, while the red shirts stormed a meeting of the Association of Southeast Asian nations in Pattaya in April forcing its cancellation, rioted in Bangkok and twice violently attacked Abhisit...