Word: carterized
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Dates: during 1980-1989
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...merger bid represents a career-end gamble for Blumenthal, 60, who earlier served as chairman of Bendix and as Treasury Secretary under President Carter. His determined advance convinced Wall Street that Sperry's days as an independent company are numbered. In just two days last week, speculators sent Sperry's stock price up $16.25, to $71.25. Some investors think Sperry will find a so-called white knight to deliver it from Blumenthal's clutches, but the company is running out of candidates. During the past year, Sperry is rumored to have held merger talks with ITT, General Dynamics...
...judges are not known for their patience with uncooperative witnesses and foot-dragging litigants. But never before, to anyone's recollection, has a member of the federal bench cited the entire Roman Catholic hierarchy for contempt of court. Last week in New York City, however, Federal Judge Robert L. Carter socked the Catholic bishops of the U.S. with an eye-popping fine of $100,000 a day until they comply with a court order. The bishops' sin: refusing the judge's instructions to give suing pro-choicers internal church documents on the church's antiabortion campaign. The critical underlying issue...
...Carter's punishment is but the latest development in a 5 1/2-year litigation that could become a major constitutional test case on the limits of mixing religion and politics. Protestant and Jewish groups that disagree with Catholicism on abortion are deeply concerned about the case's religious- liberty implications. The suit by a group called Abortion Rights Mobilization, joined by 20 other pro-choice groups and individuals, is aimed at stripping the Catholic Church of its status as a tax-exempt religious organization. The suit is based upon section 501(c)(3) of the tax code, which states that...
...Judge Carter has directed the 350 bishops to provide other internal documents on their national and local anti-abortion activities and possible funding, as well as their dealings with political candidates and with the IRS. Impatient with the church's unwillingness to comply, the judge charged that the Catholic groups had "willfully misled" the plaintiffs and had "made a travesty of the court process." Nonetheless, at week's end he agreed to delay the huge fines, giving church lawyers until May 16 to appeal the contempt citation...
...Holworthy Hall and Tai-Pei, Taiwan; Hector I. Osorio '89 of Weld Hall and Queens, N.Y.; Robert G. Popham '88 of Lowell House and Ellicott City, Md.; Andrea L. Roberts '88 of Winthrop House and Newton; Adam Ruderman '87 of Dudley House and New York, N.Y.; J. Carter Vincent '89 of Wigglesworth Hall and Newton...