Word: enacted
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Dates: during 1960-1969
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...riches sparked a spurt of building. Mendoza's company grew to dominate the construction-products market. An enlightened businessman. Mendoza realized that what was good for Venezuela was also good for him. In a brief stint as Minister of Development during World War II, he helped enact the laws that formed the basis for the precedent-shattering 50-50 formula that guaranteed Venezuela at least half the profits of the oil companies doing business in the country...
...Grace & Co: the Alliance "in its present size and form cannot succeed." Investors are frightened away by the "unfavorable business climate" in Latin America. Profits are low, risks high. The U.S., continued Grace, should adopt a "carrot-and-stick approach." with grants and loans to encourage Latin Americans to enact laws more hospitable to private investment. The committee recommended greater tax incentives and deductions as a cushion against heavy losses. Even then, concluded Grace, "it is unlikely that normal conditions attractive to foreign capital can be created for a number of years...
Healy said that more major walkouts in the near future would almost certainly cause Congress to enact tough new anti-strike legislation...
...bill to give greater investment credit to industry wound up costing $1 billion more than expected because Congress failed to pass revenue measures to offset it. The revision of depreciation allowances is now reckoned to cost the Treasury another $1 billion in 1962-63. Congress also failed to enact the higher postal rates on which the Administration counted to garner about $500 million in revenue, and its repudiation of the farm program meant bigger Government outlays for supports than anticipated. Result: while the Government will spend $93.7 billion, its receipts are estimated at only $85.9 billion...
...melon. There was no one left inside to be taken by surprise . . ."A man is stationed at a prison: "For the first time in his life he had others at his mercy. Any man who has ever been a prisoner longs to be a guard. Children like to re-enact the crucifixion. Rejected lovers dream of murder. The tortured are fascinated by the rack. In their sleep the humbled pull down whole towns...