Word: boarding
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Dates: during 1960-1969
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Andrew F. Brimmer, LL.D., member of the board of governors of the Federal Reserve System...
...Unanimously required the Montgomery County, Ala., board of education to assign teachers and other staff members to each of its schools this year in a ratio of at least one black to every five whites. In so ruling, the court supported a quota system for the first time -and may well have opened a Pandora's box of litigation involving race quotas in such areas as industrial promotions, school admissions and housing rentals. The quota, which was originally ordered by District Judge Frank Johnson, had been pronounced too inflexible a standard by a federal appeals court. But Justice Hugo...
Nelms is already choosing a planning board to see to it that "none of these parties end after just a few token drinks. I want them to run as long as there's a crowd there to have fun." To house the parties, he recently purchased an office building near downtown Dallas and enough nearby land to provide an adequate parking...
LIKE all his predecessors, Robert Haack, president of the New York Stock Exchange, speaks proudly of the Big Board's "preeminent position in the securities industry." Then he utters what his predecessors would surely have deemed blasphemy-the thought that this dominance is not part of the order of nature but could be lost if the exchange does not adapt itself to "a totally new set of conditions." Largely because it has so far been highly resistant to just such a basic change, the Big Board is in trouble today...
...shares directly and the 100 million who participate in stock trading through mutual funds, pension funds and trusts. First, the 642 brokerage firms that are members of the exchange have not yet cleaned up the back-office paperwork mess that since last June has kept the Big Board from conducting a normal 271-hour trading week. In addition, commission rates that member brokers charge to stock traders are under attack by the Justice Department, the Securities and Exchange Commission and institutional investors. All of them contend that the cuts made in some rates last December did not go far enough...