US District Judge James Robart ruled in favor of Washington State Attorney General Bob Ferguson, who argued that President Trump’s action violated the "Constitution's guarantee of Equal Protection and the First Amendment's Establishment Clause, infringes on individual's' constitutional right to Due Process and contravenes the federal Immigration & Nationality Act."
On the Cover of the Sunday Book Review
By BOB WOODWARD
Reviewed by JILL ABRAMSON
Reviewed by JILL ABRAMSON
In this last installment of his four-volume series on the Bush administration, Bob Woodward renders a harsh final appraisal of the president.
window dressing (DECEIVING) noun [U] DISAPPROVING粉飾things that are said or done in order to make an attractive effect but which are of no real importance:
Never mind the extra day's holiday, the free health care, and all the other window dressing in the company's offer - the point is, how much more money are we getting?
Sanyo window-dressed to pay dividends
11/26/2007
BY TAKASHI KAMIGURITHE ASAHI SHIMBUN
OSAKA--Struggling Sanyo Electric Co. paid dividends totaling 11.1 billion yen to shareholders in fiscal 2003 even though it was technically in the red, sources said over the weekend.
The payout likely contravened the Company Law, which states that a company must have a certain reserve of funds to pay dividends.
Sanyo's former top management, including former chairman Satoshi Iue, who is a large shareholder, may be held responsible, the sources said.
The electronics company posted 4.3 billion yen in unconsolidated net profits for the business year that ended March 2004.
Combined with 15.6 billion yen in profits carried over from the previous year, this reserve was used to pay out dividends of 6 yen per share, or a total of 11.1 billion yen, to shareholders.
The company at that time had large shareholdings in its struggling subsidiaries, the value of which dropped sharply, the sources said.
It should have posted about 190 billion yen in appraisal losses on its shareholdings that year, but instead only reported 50 billion yen.
If the company had been honest about its losses, it would have posted a red-ink figure for fiscal 2003, thus ruling out the possibility of dividend payments.
Sanyo wrote off the remaining appraisal losses in fiscal 2004 and later.
Some analysts speculate that Sanyo came under pressure to pay dividends from members of the family that founded the company.
At that time, Iue, the son of Sanyo founder Toshio Iue, is said to have owned 16.7 million Sanyo shares. If they are combined with 22 million Sanyo shares held by the family's asset management company, dividends paid to the family exceeded 200 million yen.
"Even if there was not a direct order to pay dividends, the management felt compelled to do so out of concern for the chairman," a former director said.
That put a further drag on the troubled company while its rivals moved into high gear with flat panel TVs and other products.
A panel Sanyo set up after the company's accounting irregularities came to light in February questioned Iue and other senior officials in office at the time.
The panel is expected to compile a report on the case in December.(IHT/Asahi: November 26,2007)
OSAKA--Struggling Sanyo Electric Co. paid dividends totaling 11.1 billion yen to shareholders in fiscal 2003 even though it was technically in the red, sources said over the weekend.
The payout likely contravened the Company Law, which states that a company must have a certain reserve of funds to pay dividends.
Sanyo's former top management, including former chairman Satoshi Iue, who is a large shareholder, may be held responsible, the sources said.
The electronics company posted 4.3 billion yen in unconsolidated net profits for the business year that ended March 2004.
Combined with 15.6 billion yen in profits carried over from the previous year, this reserve was used to pay out dividends of 6 yen per share, or a total of 11.1 billion yen, to shareholders.
The company at that time had large shareholdings in its struggling subsidiaries, the value of which dropped sharply, the sources said.
It should have posted about 190 billion yen in appraisal losses on its shareholdings that year, but instead only reported 50 billion yen.
If the company had been honest about its losses, it would have posted a red-ink figure for fiscal 2003, thus ruling out the possibility of dividend payments.
Sanyo wrote off the remaining appraisal losses in fiscal 2004 and later.
Some analysts speculate that Sanyo came under pressure to pay dividends from members of the family that founded the company.
At that time, Iue, the son of Sanyo founder Toshio Iue, is said to have owned 16.7 million Sanyo shares. If they are combined with 22 million Sanyo shares held by the family's asset management company, dividends paid to the family exceeded 200 million yen.
"Even if there was not a direct order to pay dividends, the management felt compelled to do so out of concern for the chairman," a former director said.
That put a further drag on the troubled company while its rivals moved into high gear with flat panel TVs and other products.
A panel Sanyo set up after the company's accounting irregularities came to light in February questioned Iue and other senior officials in office at the time.
The panel is expected to compile a report on the case in December.(IHT/Asahi: November 26,2007)
appraise
verb [T]
1 to examine someone or something in order to judge their qualities, success or needs:
At the end of each teaching practice, trainee teachers are asked to appraise their own performance.
In co-operation with other professionals, social workers will appraise the individual's needs.
He coolly appraised the situation, deciding which person would be most likely to succeed.
2 US FOR value (MONEY):
The ring was appraised at $40, 000.
appraisal
noun [C or U]
1 when you examine someone or something in order to judge their qualities, success or needs:
The newspaper gave an editorial appraisal of the government's achievements of the past year.
2 (job/performance) appraisal when an employee meets with their manager or employer to discuss their progress, aims and needs at work:
Many companies operate regular job appraisals, often on an annual basis.
appraisee
noun [C]
a person who is being appraised
appraiser
noun [C]
a person who appraises someone or something
ショーウインドーの装飾（法）window dressing (SHOPS); とりつくろい; .
(ショー-ウインドー 4 [show window]
contravene
verb [T] FORMAL
to do something that a law or rule does not permit, or to break a law or rule:
This contravenes the Race Relations Act.
contravention
noun [C or U] FORMAL
By accepting the money, she was in contravention of company regulations.
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