Word: agreement
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Dates: during 1960-1969
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What disturbs the critics is a growing conviction that too many provisions in the agreement between Italy and the Vatican are no longer relevant to the nation's needs. As Salvatore Valitutti, a Liberal Party official, put it: "The concordat of 1929 was established between a state that was not free and a church not yet reconciled to the values of freedom." Many of the concordat's provisions run counter to the intent of Italy's postwar constitution, which states that "all religious confessions are equally free before the law." But the constitution also clearly ratifies...
...dizzy lift to stock prices long before actual mergers can create any fundamental economic values to underpin them. For example, shares of Scientific Data Systems, a Southern California maker of high-speed computers, leaped 17 points, to 120, in one day last week on news of a tentative merger agreement with Xerox. This sort of thing perturbs some economists, who fear that the speculative fever could end in scandal or stock bust. As far as Congress is concerned, that only provides another reason to clamp down on conglomerates and their fancy financing...
After two months of dickering and dallying, the owners of the 24 major league teams were in agreement on only one point when they met in Miami Beach: the new commissioner should come from "inside baseball." Kuhn, 42, the attorney for the National League since 1950, was so far inside that he was lost in the shuffle of names mentioned for the job, which included everyone from Stan Musial to Hubert Humphrey. Kuhn's appointment was as big a surprise as the owners' previous choice, William D. Eckert, a retired Air Force general who was so far outside...
...task force on education, headed by Carnegie Corporation President Alan Pifer, presented its report urging massive federal spending of up to $1 billion a year to save city schools. Even if he can pry that kind of money out of Congress, Allen is not likely to find much agreement on just how it is to be used. But bets are that whatever his eventual budget, James Allen will wind up spending the money...
...Washington is that value-added taxes are refunded on exports and imposed as special border taxes on U.S. products entering European countries. That tends to add 6% to 23% to the prices of U.S. goods above and beyond import duties. VAT is sanctioned by the 21-year-old General Agreement on Tariffs and Trade, to which the U.S. subscribes. Under GATT rules, the U.S. can neither match such export subsidies nor raise similar import barriers because it relies chiefly on other forms of taxation. Except for excise taxes on a few items-autos, alcohol and tobacco...