Word: byronism
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...Jones industrial average has scaled one peak after another. Last week was the busiest in the history of the New York Stock Exchange, as the Dow jumped 58.03 points, to close at 1535.21. "The windfall profits from merger offers have sent a fever through the market," said Byron Wien, a Morgan Stanley analyst. In a recent study, the Goldman Sachs investment banking firm estimated that corporate takeovers have been responsible for nearly three-quarters of all stock gains since January 1984. Acquisitions have raised the value of target companies' shares an average of 30%. In one mighty leap, stock...
...libel suit when such petitions are maliciously defamatory. Finally, a 6 to 2 majority upheld most of Washington State's tough 1982 antipornography law, ruling that it could ban distribution of "lascivious" material. But the state went too far when it included material that merely "incites . . . lust," wrote Justice Byron White, because lust implies only "normal, healthy sexual desires." Last week's spate of decisions left the Justices with 31 more cases to resolve as they near adjournment for the summer vacation...
...color speaks of nature. It is mixed and layered, skin upon slow skin of pigment and oil, bearing a history of growth, submergence and mellowing, containing light the way a sheet of marble stores the heat of afternoon. Paintings like this are ideal landscapes, and their august stasis recalls Byron's line: "When elements to elements conform,/ And dust is as it should...
...Capitol Hill, Democrats were gingerly trying to determine how to make the plan more palatable to themselves and their constituents. "Reagan is giving populism a bad name," said Byron Dorgan of North Dakota. "If I were making $400,000 a year, I'd be the biggest cheerleader for this in America." Missouri Democrat Richard Gephardt, co-sponsor of a Democratic tax-reform plan, said there was talk of adding either a fourth, higher rate, perhaps 40%, for the very rich, or providing a further break for the middle class. Said Gephardt: "We need to put our stamp on tax reform...
...done so, for example, in cases upholding legislative chaplains and government- sponsored Nativity scenes. Justice Sandra Day O'Connor's sixth vote concurring with the majority was another shock to conservatives. Her failure to support a more pro-prayer position, as did Dissenters Warren Burger, William Rehnquist and Byron White, is "staggering," said Dan Alexander, president of the Mobile County school board at the time Jaffree sued and now head of the national Save Our Schools movement. "What good is it going to be to wait two or three more years for Reagan to make more appointments...