Word: settlements
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...Leeson suffers the same fate as our homegrown speculators, he will end up in a nice, cushy job, living the good life. Frank Jerome Columbus, Indiana BARINGS' COLLAPSE CANNOT BE BLAMED solely on derivatives. A system that permits a trader any access, however limited, to the back-office process (settlement, accounting, mark to market) is a blueprint for disaster. No maxim is more fundamental for a financial institution. Mark Martinelli Mahwah, New Jersey WHAT A VIVID LESSON YOUR ARTICLE teaches the world's newly freed people who are struggling to embrace the wonders of free enterprise. Santford W. Martin Atlanta...
...Supreme Court announced today that it will decide whether the federal government must cover the liabilities of chemical companies that manufactured Agent Orange for use during the Vietnam War. The companies are seeking $31 million from the government to reimburse them for a legal settlement with Vietnam veterans over health problems that they claim stemmed from contact with the defoliant. The firms say the government should pay because it required them to manufacture the chemical for wartime...
Baseball owners were hopeful today that they had found a way to end thestrikein time to get the players back in uniform by opening day, this Sunday. But tonight, players union chief Donald Fehr deflated hopes for a quick settlement, telling a press conference that while the owners had made some promising concessions, they were not yet substantial enough to bring the strike to an end. Late last night, owners proposed playing the 1995 season -- now scheduled to begin with replacement players -- under 1994 work rules, then levying a 50 percent "luxury tax" in 1996 on teams with payrolls over...
...growing number of disgruntled guests have been humiliated enough to bring lawsuits. Yvonne Porter of Santa Clara, California, recently won a $614,000 settlement from the producers of the Montel Williams show who she claims lured her on the program under false pretenses. Porter was invited believing she would be reunited with past loves. Instead Williams discussed on the air the abuse that Porter was allegedly suffering at the hands of her boyfriend. Then her sister appeared on the show to reveal that she was having an affair with Porter's boyfriend...
...Georgia's first colonial settlement, Savannah has always drawn Americana-loving retirees and teachers planning school trips. But a more recent wave of visitors now seeks out such outre characters as drag queen Lady Chablis, flamboyant chanteuse Emma Kelly and the voodoo priestess Minerva. TIME staff writer Ginia Bellafante says it's all part of the mania inspired by journalist John Berendt's long-running true-crime bestseller, which just passed the one-year mark on The New York Times bestseller list. The book, now being developed as a movie by Warner Brothers, chronicles a notorious 1981 Savannah murder case...