Word: effect
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Dates: during 1970-1979
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Like Pope Paul's unprecedented "I beg you on my knees" personal message the week before, Waldheim's appeal on prime-time television gave the Red Brigades a measure of the political recognition they seemed to crave. But it appeared to have no direct effect. Pleas from Moro's family have also come to naught. Throughout the ordeal, the family's tragic situation has often put it at odds with both the Christian Democrats and the government's investigating authorities. The family wants a negotiated release, while the government and the party feel compelled...
Would all this dissent have much effect on the party leadership? Not immediately. Commenting on Marchais's speech, L 'Humanité insisted that the address proved that "serious, interesting and positive discussion is unfolding within our party." Marchais himself, when he first heard the rumblings within his ranks, magnanimously announced that "no heads would roll" because of it. That seems a safe bet in his own case, since no one expects any changes in the rigid party leadership any time soon. But if the party continues to learn nothing and forget nothing about the changing shape of France...
...when should the tax cut take effect? Federal Reserve Chairman G. William Miller was the first to suggest putting off the date from Oct. 1 to Jan. 1, as a means of lopping $9 billion off the fiscal 1979 deficit. Republican Economist Murray Weidenbaum, an advocate of Carter's $25 billion tax cut, disagrees. Whatever reductions are enacted, he says, should take effect at the start of the Christmas-shopping season to spur retail sales and end 1978 on an upbeat note. But Miller's proposal is gaining ground...
Some money managers are wary about how long the rally can last. Many, including several large insurance companies, have been sellers of stock, and even Citibank has been using the rally to sell and diversify rather than to buy. Still, there has been a bandwagon effect as the majority of institutional investors have rushed in for fear of missing the upturn. Says Paul L. Smith, chief financial officer of California's Security Pacific National Bank: "These fellows are all scared of being left at the starting gate. The minute somebody starts to buy, the others don't want...
Chief Justice Warren Burger, dissenting with Justice William Rehnquist, maintained that Congress in its 1964 Civil Rights Act never intended an "effect upon pension plans so revolutionary and discriminatory−this time favorable to women at the expense of men." At least for the time being, the court's ruling is limited to contributory pension plans−most of which are for public employees−in which women make a greater contribution. The ruling does not yet invalidate plans in which the contributions are equal but not the benefits...