Word: commissioner
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Dates: during 1970-1979
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On the American Exchange, Resorts had been a Wunderstock that had risen as high as $69.50 a share this summer. But after the report came out, it dropped almost eight points, closing the week at $23.62. The shares did not take more of a drubbing because even a negative ruling...
The problems of Resorts stand to hurt other gaming companies that are planning to open casinos in Atlantic City. Applicants will now get especially close and careful scrutiny, and many openings will be delayed. This may well put a temporary crimp in the earnings and stock prices of such companies...
...advertise their absence of racial discrimination, the new plan had seemed a logical next step. In Louisiana and Mississippi, courts have halted state aid to discriminatory schools but have left their federal tax exemptions intact; the new procedure would allow the IRS to lift those exemptions. Says IRS Commissioner Jerome Kurtz: "Existing procedures have permitted some schools to obtain tax-exempt status by having 'paper policies' of nondiscrimination, while in fact continuing to operate in a racially discriminatory manner." U.S. Civil Rights Commission Chairman Arthur Flemming supported Kurtz at last week's hearings, calling the IRS plan...
A growing number of Senators are neither friendly nor persuaded. Missouri's Thomas Eagleton named three Missourians, without any merit commission and without inviting applications, despite Carter's urging of an open process. Carter and the Senate Judiciary Committee are left in an awkward position: If the Administration...
Barnes, an administrative law judge for the Federal Trade Commission, last week ruled that the American Medical Association's code of ethics illegally restrains competition among doctors by preventing them from advertising. That policy, said the judge, has resulted in virtual price fixing, deprived consumers of the information they...