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Supreme Court blocks federal affirmative action plan

Article Abstract:

The Supreme Court ruled on Jun 12, 1995, that federal affirmative action programs must be held to the same standards as state-run programs. The 5-4 decision in the case of Adarand Constructors v Pena, is the first significant ruling by the Court weakening affirmative action.

Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Affirmative action, United States. Supreme Court

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Orange County sets repayment plan

Article Abstract:

The Orange County, CA, Board of Supervisors approved a 15-year repayment plan on Feb 7, 1995, that will reimburse investors 77 cents for every dollar they put in. Newly-released figures show the county lost $1.69 billion from high-risk derivatives contracts.

Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Finance, Economic policy, Derivatives (Financial instruments), Securities industry, Liability (Law), Legal liability, Orange County, California, Merrill Lynch & Company Inc., Orange County, California. Board of Supervisors, Municipal bankruptcy

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