SUPREME COURT RULES EARNINGS SHOULD BE PROTECTED AS "ART"
Recognition of Pro-Formalist Movement Gets WorldCom, Andersen Off Hook

In a surprise decision that exonerates dozens of major companies, the U.S. Supreme Court today ruled that corporate earnings statements should be protected as works of art, as they "create something from nothing."

"One plus one is two. That is math. That is science. But as we have seen, earnings and revenues are abstract and original concepts, ideas not bound by physical constraints or coarse realities, and must therefore be considered art," the Court wrote in its 7-2 decision.
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