Word: confirmation
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Dates: during 1970-1979
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Merrill Lynch officials will not confirm it, but there are signs that the firm will "unbundle"-that is, begin charging separately for services such as maintaining certain kinds of records, sending out market letters or investment advice. Charges for at least some of these services were buried in the old fixed commissions. If Merrill Lynch does unbundle, the rest of the industry is sure to follow. The one certainty about Mayday is that brokers and investors will change the ways in which they do business. The three major changes...
...Department of Transportation official yesterday called Ely "a very nice gentleman" and "an old friend of the secretary's," but refused to confirm reports that Coleman has suggested Ely's name for the general counsel post...
...Nessen insisted that Nixon had not committed the U.S. to anything that he and Kissinger had not also stated publicly. What Nixon wrote Thieu in January 1973, according to Nessen, was that the U.S. would "react vigorously" in the event of wholesale Communist cease-fire violations. Thieu seemed to confirm that, when he used the same terms in contending last week that the U.S. had "pledged that it would react vigorously if the North Vietnamese Communists resumed their aggression and brazenly violated the Paris agreement." Hanoi had done so, Thieu insisted, and the U.S. had violated its "pledge...
Helping to confirm the general downward trend in learning, the National Assessment of Educational Progress-a federally funded testing organization-reported last week that students knew less about science in 1973 than they did three years earlier. The test, which covered 90,000 students in elementary and junior and senior high schools in all parts of the nation, showed the sharpest decline among 17-year-olds in large cities, although suburban students' test scores fell...
There are unmistakable signs that confronted with a hard choice, the U.S is opting to stimulate the domestic economy, by reducing interest rates, instead of protecting the dollar in foreign money markets. New figures confirm that the money supply is being substantially expanded. Few bankers and economists are ready to predict that Federal Reserve policy will shift any time soon toward stiffer interest rates, even though the Fed views the dollar's weakness as an important constraint on U.S. monetary policy...