Word: broad
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Dates: during 1960-1969
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Companies like to get on regional exchanges for the prestige of being widely traded and in the hope that a broad trading market will stabilize swings in their stock. Stockbrokers like the lower membership fees, the lower capital requirements and the less restrictive rules; some regionals go so far as to let their members split fees with nonmembers. The Big Board, on the other hand, bans fee splitting with nonmembers, including even such big customers as mutual funds and pension funds, who buy and sell shares in mammoth blocks. In a move that stunned most of the investment community...
...fashionable resort 9,000 ft. up in the Andes, an avalanche hurled a reinforced concrete hut 60 yds. down the slope, killing five of 14 skiers asleep inside. In Santiago, the flood-swelled Mapocho River swept away thousands of slum dwellers' shacks, turned the city's broad avenues into raging streams. And the wind! In one schoolyard, a group of children stood paralyzed by fear as a furious blast of air lifted the roof of their school, then slammed it down in their midst. Three were killed; another seriously injured...
...arrested, property damage well over $100 million. Minute by minute, police radios logged a Wellsian cata logue of carnage: "Manchester and Broadway, a mob of 1,000 . . . Shots at Avalon and Imperial . . . Vernon and Central, looting . . . Yellow cab over turned . . . Man pulled from car on Imperial Highway . . . 88th and Broad way, gun battle . . . Officer in trouble." The riot was the worst in the city's history, one of the worst ever in the U.S. To help quell it, California's Gov ernor Pat Brown broke off a vacation in Greece and hurried home. "From here it is awfully...
...rapes and assaults. The David Starr Jordan High School, which serves Watts, is not legally segregated; yet its student body is 99% Negro. Watts is a slum-but not in the Eastern sense. There are no rows of mul tiple-story tenements or concrete canyons. Its streets are generally broad, occasionally tree-lined and bordered by dusty lawns. Its dwellings are mostly one-and two-story frame and stucco houses. But in the small rented houses and apartments, money-short Negroes often crowd four and five families; children are left alone while parents work, and youths roam the streets seeking...
...political hassling, Logue was installed as head of the BRA, which is a semiautonomous body created under state law to contract with federal and other urban renewal agencies. Logue took the job on condition that the BRA be re-organized -- and it was, bringing all the facets of the broad development project under a single administrator -- Logue, who is responsible directly to the Mayor (and, at least in theory, to the BRA). Since that time, these two men have worked in tandem to develop and transform into reality The New Boston, and Collins has essentially placed his political career...