Word: cutoffs
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...industry, which has posted a collective loss of some $245 million so far in 1973. As a result, the fee on an investor's order to buy or sell 100 shares of a $50 stock, for example, will go up from $65 to $71.50. After the 1975 cutoff date, however, small-and medium-size investors will have some of the shopping clout now available only to those who deal in orders of $300,000 or more−mostly banks, pension funds and other institutional investors. These large-scale buyers and sellers can bargain for commissions that omit charges...
...targets. The Soviet advance has clearly put in jeopardy the agreements signed by Nixon as a result of the first stage of the Strategic Arms Limitations Talks (SALT I). Under those agreements, both the U.S. and Russia pledged to limit missile launchers. But the Russians were allowed a bigger cutoff number (2,358 to the U.S.'s 1,710), because only...
Douglas agreed to hold a hearing the next day in Yakima. There, in a musty courtroom, he listened to arguments by the A.C.L.U. and by two hastily summoned Government lawyers. When Dean Smith, the U.S. Attorney from Spokane, asserted that the Aug. 15 cutoff date had been aimed at averting a confrontation between the President and Congress, Douglas replied: "We live in a world of confrontation. That's what the whole system is about...
There was no respite, however, in the controversy over the continuing U.S. role in Cambodia. The President served notice last week that he would respect his commitment to Congress to suspend the bombing on Aug. 15. But, in a letter to congressional leaders, he warned that the bombing cutoff represented the "abandonment of a friend" and could have "dangerous potential consequences" elsewhere in Asia, particularly in Thailand...
Kissinger also found little understanding when he personally begged congressional leaders not to cut off funds for U.S. bombing in Cambodia until he concluded his negotiations. Five hours later, the Senate responded by voting 67-15 to enact the most sweeping fund cutoff in the history of the Indochina war. If the House-Senate conference committee concurs, the bill will end all past, present and future appropriations for U.S. combat on the ground, in the air and upon the waters anywhere in Indochina without prior approval of Congress...