Foreign access to U.S. capital expands

Article Abstract:

The Securities and Exchange Commission's (SEC) Rule 144A and Regulation S have made raising capital in the US more cost-effective and streamlined disclosure requirements. Latin American companies have been quick to take advantage of the opportunity. Rule 144A enables a foreign issuer in some instances to sell unregistered stock through an underwriter. Depositary receipt facilities, which have minimal transaction costs, have also greatly benefited Latin American companies. Regulation S details the SEC's registration rules for the marketing of securities outside the US.

Marketing, International aspects, Securities, Venture capital

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No bliss yet for online calls; Internet telephony capability is maturing but is at the heart of battle over local-access fees

Article Abstract:

The sound quality and reliability of Internet telephony do not yet approach that of the Public Switched Telephone Network (PSTN), and it is uncertain if they ever will, but as the audio quality rises the number of people who find such communication can replace PSTN will probably increase, particularly if the Internet keeps its price advantage. America's Carriers Telecommunications Ass'n and the Regional Bell Operating Companies are worried enough about competition from the Internet that they have filed a petition for rulemaking with the FCC.

Innovations, Internet, Online services, Internet services

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Religion in the schools - access less than equal

Article Abstract:

The US Supreme Court's recent rulings on religious expression in public settings are less threatening to free thought and expression than Congress's Equal Access Act. Those who oppose government discrimination against other speech can hardly endorse it regarding religious speech, which should ideally be treated exactly like secular speech. The Equal Access Act, however, singles out religious meetings on school grounds as the only sort at which school personnel may not speak or participate.

Analysis, Cases, Church and state, Religion in the public schools, Religion in schools

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