Word: default
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...shares of the fund, which would operate like a mutual fund, would then be sold through banks to any employed citizen who earned $500 to $7,800 a year. To buy the shares, investors could get government-backed loans, for which they would not be responsible in case of default. A total of 800,000 workers would be eligible to buy up to $10 million worth of $1 preferred shares issued the first year. As an added stimulant to the economy, the government would match the investor's purchase of preferred shares by buying him an equal amount...
...reason is that the Soviet navy has asserted its sway over the ocean almost by default. The British fleet, which once ruled the waves east of Suez, began to withdraw its forces in 1966. The Russians, meanwhile, have gradually created a squadron of ten or more ships on regular patrol, occasionally including nuclear submarines. During the recent war, there were 15 ships in the Soviet flotilla, including two guided missile cruisers...
...legitimate scholarship and intellectual freedom has already been seriously eroded by the almost total abdication of responsibility in this matter over the two years since Dr. Jensen raised it to general prominence with his paper, published here in Cambridge. For these forces to now let the matter go by default would surely be to accept the coup de grace...
...this ideal by exposing the subject in the marketplace, however irresponsible his scholarship may be. But it would represent a dereliction and perhaps as grievous a blow to intellectual freedom as any the SDS could deliver if the Professor's arguments and prescriptions were to be let stand, by default, as the last word of legitimate scholarship on the subject. Where have the historians been who might have challenged Professor Herrnstein's remarkably naive historical generalizations, or the sociologists, anthropologists, psychologists those on human behavior? Where the statisticians and geneticists to comment on his turning their subjects on their heads...
...some liberal critics of the Warren era thought amounted to judicial legislating. And with the court out of the legislating business, it is at least possible, though not necessarily probable, that state and federal legislatures will take up some of the issues that used to reach the Justices by default...