Word: establish
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Dates: during 1980-1989
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Last week Federal Reserve Chairman Alan Greenspan added his considerable backing to the Proxmire proposal, which would permit commercial banks to establish separate units for trading securities. Greenspan told Congress that financial and technological innovations have hurt the competitiveness of commercial banks. For example, large companies that once relied on banks for credit are now much more likely to raise money by issuing securities through investment houses. Greenspan argued that commercial banks will be stronger if they are given the freedom to compete with Wall Street. Said he: "The events since Oct. 19 have not altered our view that...
Nonetheless, Kennedy's opinion did not slam the door on comparable worth. He left open the possibility that in a different case -- and several are pending in other states -- a different set of facts might establish that unequal pay scales did indeed result from discrimination and were thus illegal. Says Winn Newman, an attorney for the union that lost the Washington case: "His decision went to the facts. The open question is what facts constitute a basis for a court to infer that the reason for disparity was discrimination...
...Antenor chased the fugitives to Edinburgh and hired detectives to find them. By now reporters were also in hot pursuit of the couple they continually referred to as the playboy and the heiress. The fugitives hid in various friends' houses for the < three weeks required to establish Scottish residence, then got married. Don Antenor went to court to have the marriage annulled, but lost. "They can expect no financial assistance from me," said Don Antenor as he disinherited his defiant daughter...
...hopes are that the interaction between mayors during the breaks will be one of the most beneficial things," said Mayor Lee Robinson of Macon, Ga. Robinson said the seminar would allow the mayors to establish a mutual trust which would serve them well during their terms in office...
...report disagreed with the governor's proposal to establish limited amnesty for tax delinquents. And some economists have found other faults with Dukakis's plan...