Sears pushes change to bankruptcy law after 71 years in credit
Sears and major lenders press for amending the 1978 Bankruptcy Reform Act to require considering future income when granting Chapter 7 relief. The group cites rising bankruptcy filings from 180,000 in 1978 to about 500,000 annually and notes lenders may alter credit policies if the law remains unchanged. A Purdue study suggests a third of Chapter 7 bankruptcies were unnecessary, driven by desire for a quick fix.
MENTIONED IN THIS ARTICLE
Sears
U.S
House
Sears Et al
National Consumer Finance Association
Reagan's Taiwan Policy Dilemma Challenges U S Credibility
The piece argues for unwavering U S support of Taiwan under the Taiwan Relations Act, warning that pressing Washington to sever ties could betray 30 years of alliance. It cites tensions with Peking, past sales of defensive arms, and statements by Deputy Secretary Walter Stoessel while urging steadfast U S policy and honoring commitments to Taiwan.
MENTIONED IN THIS ARTICLE
Ronald Reagan
White House
United States
Peking
Taiwan
Reagan
China
Washington
U.S
Walter Stoessel
Senate Foreign Relations Committee
Stoessel
Reagan parley tests NATO unity and West German ties
The Bonn summit shows President Reagan winning charm but paying a price in real NATO terms. Helmut Schmidt resists detente pressure while delaying decisions on NATO strategy and West German leadership, foreseeing a tenuous alliance amid German politics and renewed East-West tensions.
MENTIONED IN THIS ARTICLE
Bonn
Reagan
West Germany
Soviet Union
Helmut Schmidt
U.S
Europe
Peoria
Christian Democratic Union
CDU
NATO
Schmidt
Tinue
Canada
Pierre Trudeau
Versailles
Poland
Western Europe
Persian Gulf
Memory by heart and the value of rote learning
Andy Rooney reflects on memorization in education, noting mixed views on rote learning. He recalls preferring some memorized passages for comfort and familiarity, acknowledging that while past teachers overemphasized memorization, having core phrases can linger as a personal, humorous reminder years later.
MENTIONED IN THIS ARTICLE
Andy Rooney
Memorized Muses on Learning and Memory Across School Days
The narrator recalls learning through rote memory from childhood, praising the value of memorized texts like the Gettysburg Address and the Constitution preamble. He reflects on poetry and prose memorization, mentions Henry Reasoner, and notes how repetition shapes recall.
June 15 History Highlights Through the Ages
On this day in history June 15 marks Magna Carta signing in 1215 at Runnymeade, Leo excommunication of Luther in 1520, Anson completes circumnavigation in 1744, Franklin kite experiment in 1752, and the General Slocum disaster in 1904. Also notes U.S. halted bombing Hanoi ten years ago during Podgorny’s North Vietnam visit. Thought for today cites War is a contagion by F D Roosevelt.
MENTIONED IN THIS ARTICLE
John
Runnymede
England
Leo
Martin Luther
Sir George Anson
World
Benjamin Franklin
Philadelphia
General Slocum
New York Harbor
United States
Hanoi
North Vietnam
Nikolai Podgorny
Franklin D. Roosevelt
U.S
Also Mentioned on This Page
Odessa
Permian Basin
David F. Lyons
Jim Welsh
Purdue University
Nation's Press
Senate
Copley News Service
Inside Report
By Rowland Evans
Robert Novak
Ter
Socialist-free Democratic Party
Socialist Party
Genghis Khan
Gia
Eng
Citizen Smith
Henry Wadsworth Longfellow
By Dave Gerard
Leigh Hunt
Abou Ben Adhem
Jenny
Harry Reasoner
Harry
Lincoln
Lewis Carroll
Robert Browning
Jack and
Jill
Jack Et
Gr Rawor
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