Word: abolishment
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Congress, however, will still have to pass legislation to abolish federal margin rules, and Colorado Democrat Timothy Wirth, whose House subcommittee would be the first group to pass on the Federal Reserve's recommendations, is somewhat cool to the proposal. Says he: "I don't think we want to do anything to make the market more volatile...
Fair enough; he did bring Cambridge's medieval curriculum into the 19th century to suit his taste for math and the sciences. Nor was that all. Albert initiated the Crystal Palace exhibition of modern industry, as of 1851. He fought to abolish dueling. He promoted the Christmas tree. He composed music for the Duke of Wellington's funeral. He managed a lot of little things well. Yet even this doting biographer concedes that he was "excessively conscientious on quite minor matters." Albert died at 42, almost as much from overwork as from influenza...
...front runner to succeed Clark appears to be Secretary of Energy Donald Hodel. A native Oregonian, Hodel is as ideologically conservative as Watt but far more approachable. Should Hodel take the helm from Clark, the White House may try to carry out Reagan's 1980 campaign pledge to abolish the Energy Department, folding many of its functions into an expanded Interior Department and shifting its nuclear weapons research to the Pentagon...
...would be a mistake" to abolish the council, Feldstein said in a prepared statement this week. The President would have to turn to "politicians at the White House and the Treasury" for economic advice...
Budget planners are talking up such recommendations as a new attempt to slash or eliminate federal operating subsidies for mass-transit systems, enact new restrictions on Government-subsidized student loans, consolidate and reduce many federal grants to localities, and perhaps abolish the Department of Education. But they are pointedly not discussing any further slashes in programs such as food stamps and welfare that make up the so-called social safety net. Vows one planner: "There will be virtually nothing in this budget that can be construed as an attack on the poor...