Word: amends
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Decision: Monopoly. Premier Segni's government last week decided to amend the outmoded laws, but in such a way as clearly to favor state monopoly. It was a major defeat for the oil companies, and a severe setback to the U.S. efforts to help stabilize Italy politically by helping it to stabilize itself economically...
Since by law the President can release copper from strategic stockpiles only after declaring a national emergency (which legally requires either war or a threat of war), a special session would be needed to amend the law and free the copper. There seemed small chance of one. But there was no doubt that the industry was in deep trouble. Some 30,000 small manufacturing plants, employing 850,000 workers, faced the possibility of closing at the end of the month unless they could get more brass and copper mill products. A shortage of copper had already curtailed construction in Minneapolis...
...Powell Jr., pastor of Harlem's Abyssinian Baptist Church in his spare time, and West Virginia's Democratic Representative Cleveland Bailey, who preaches the gospel pretty much according to John L, Lewis. Under discussion was the $1.6 billion school-construction program and Powell's attempt to amend it so as to bar funds to any school district that practices segregation...
...Received from Missouri's Republican Representative Thomas B. Curtis a proposal to amend the Constitution so as to limit the consecutive service of Senators and Representatives to twelve years. Explained Curtis, who is now in his third term: "There are very few Congressmen who come down to Washington with the thought in mind beyond serving a few terms . . . They simply get caught in a fascinating...
...capital and technical skill to undertake large-scale oil exploration, are convinced that the 1953 law stunts the nation's economic growth. But nationalistic sentiment remains overwhelmingly strong. How strong it still is became evident last week in the Brazilian Senate, which voted on a bill to amend the Petrobras law and permit 30-year oil concessions to private Brazilian firms. The proposal made no mention of non-Brazilian capital, but it would presumably have permitted some participation by foreign oil companies through investments in Brazilian companies. Modest as the bill was, only five Senators of the 37 present...