Word: divest
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Dates: during 1950-1959
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...vested interest in getting bigger to fight for a cause. A two-way traffic in federal power develops. Government can give up functions, not merely take on new ones. A few days after the Economic Report came the recommendation of the McKinney committee that the Federal Government begin to divest itself of the emergency monopoly of atomic energy (see BUSINESS) and encourage private enterprise to enter that great field of future expansion...
...State Department controls the Voice of America, and has resisted Congressional attempts to divest it of this authority. Therefore, it cannot escape blame for the appalling conspiracy which Senate investigators uncovered in the Voice's New York headquarters. For despite the November election, the evidence shows that Communist sympathizers are still free to subvert American foreign policy to Russian interests. One example of such conniving was the recent use of a Communist-endorsed scriptwriter to compile propaganda material. Another was the continual use of the word democracy in Voice broadcasts; for in Russian terms democracy means pro-Soviet...
Talbott, Deputy Defense Secretary-designate Roger M. Kyes and Navy Secretary-designate Robert B. Anderson got through the second-round committee hearings with little trouble. Kyes and Talbott said they would divest themselves of stocks in companies doing business with the Defense Department. Anderson's holdings (oil, land) include no such stocks...
Miles is inherently gregarious. At Dunster but four months, he is already the House's favorite son candidate for the Presidency of the University ("A case of the office seeking the man," he confesses blandly). As the new Senior Tutor, his down-to-earth approach seems certain to divest deanery of much of its stuffiness...
...Manhattan's federal court last week, Judge Sylvester Ryan ruled that none of this was sufficient. In an opinion outlining the decree which he will shortly issue, Judge Ryan said that Du Pont and I.C.I., which he had already found guilty of violating anti-trust laws, must divest themselves of three of their five jointly owned companies in Canada and South America, with total assets of $400 million. Moreover, he found that Du Pont, as a penalty for having "misused" its patents on nylon, will have to make them available to all comers for a reasonable royalty. The misuse...