Deadbeats cost all of us dearly

Article Abstract:

Roughly 1.3 million Americans will file for personal bankruptcy in 2000 despite the fact that the US is enjoying an unparalleled period of prosperity. Creditors lose about $40 billion annually, discharged in bankruptcy. Yet many of these bankruptcies have been caused by the brazen, frivolous behavior of people who avail of credit with no intention of repaying their creditors. Their actions insult hardworking, responsible Americans who take their financial obligations seriously. Congress clearly needs to quickly enact measures to bring some sanity to a bankruptcy system that is clearly being abused.

Government regulation (cont)

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Deal clears hurdle for satellite TV bill

Article Abstract:

A federal bill intended to allow satellite broadcasting firms to compete with cable firms is expected to pass in the House and Senate. Satellite firms Echostar and DirecTv were, however, in disagreement on the terms of the final agreement being completed. Echostar CEO Charlie Ergen said the bill would allow local stations to charge high prices which could result in higher subscription rates. A DirecTv spokesman, however, said the bill will enable them to compete effectively with cable firms.

Public affairs, Cable and Other Program Distribution, Direct Broadcast Satellite TV Providers, EchoStar Communications Corp.

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Senate OKs bankruptcy bill

Article Abstract:

The Senate has approved with an 84-13 vote, on Feb 2, 1999, a bill that would make it more difficult for people to file for bankruptcy. The House has passed a similar bankruptcy bill by a wide margin in May 1999. The House and Senate bill have common aims. Among these are requiring mandatory credit counseling for people who are filing for bankruptcy and requiring a means test to reduce the amount of debt that can be erased by Ch 7 bankruptcy.

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