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That contention was already in doubt, given that Congress gave the SEC the power to regulate certain aspects of rating agencies' work in 2006 and then expanded it in the Dodd-Frank reforms of 2010.Yet the precedent may not be a strong one.
The immediate danger facing America's airlines, though, is not of excessive regulation but of simply running out of cash.An alternative precedent may be the 1991 Gulf war, when air travel fell by 25% across the Atlantic, by 55% to the Middle East from Europe, by 12% inside Europe and by 4% inside America.
The closest thing to a precedent may be the Resolution Trust Corporation, set up in 1989 to engineer an orderly disposal of real estate and paper assets from failed savings and loans.
The closest precedent may be the Soviet Union's infamous deportation in the 1930s of Ukrainians, White Russians, Armenians, Jews, & Georgians to Siberia.
CAIRO (AP) — A Cairo court on Saturday ordered the government to block access to the video-sharing Web site YouTube for 30 days for carrying an anti-Islam film that set off deadly riots last year, but the ruling can be appealed and, based on precedent, may not be enforced.
The Chinese precedent may be instructive here too.
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The court overturned that precedent today.
Everything we're seeing now, had its precedent two years ago.
The Arts Council of Ireland set a brave precedent last year when it invited nominations for the first ever post of this kind.
There was ample precedent: earlier this month, the ceremony unveiling the new interim government was shelled and attacked by a car bomber.
Gov. David A. Paterson of New York set the precedent last year when he took $90 million from the money generated by the initiative to deal with a projected state budget deficit of nearly $50 billion through March 2013.
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