Word: exemptive
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Dates: during 1950-1959
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Shedding less useful light than a firefly at noon, Yankee Manager Casey Stengel, 68, long used to watching his hirelings clobber the Washington Senators, flummoxed singlehanded a different sort of Senator with his favorite weapon: syntax. As a witness before a subcommittee hearing testimony on a bill to exempt baseball from antitrust action, Stengel was asked by Tennessee Democrat Estes Kefauver why the bill should be passed. "Well," said Casey, clarifying things, "you can retire with an annuity at 50, and I further state that I am not a member of that plan. You'd think, my goodness...
...thoughtful businessmen want to do away with renegotiation entirely. Rather, they would like to see the act amended to exempt incentive contracts and to make it mandatory to show contractors all data and information used as a basis for determining excessive profits. With such amendments, business might be able to live with the Renegotiation...
...Both bills 1) provide for the U.S. to guarantee private loans to the rails (the Senate set a $700 million limit, but the House set no ceiling), 2) give greater power to the Interstate Commerce Commission to reduce service on money-losing routes. 3) tighten up on truckers now exempt from ICC rate regulations. Since chances seemed good that a relief bill would become law within a month, almost all major rail stocks advanced last week. The Dow-Jones rail index closed at the year's high of 119.21, up 19.32 points from the low in January...
Sponsors of the congressional move to put an end to such silly distinctions are New York's Republican Senator Jacob K. Javits and New Jersey's Democratic Congressman Frank Thompson Jr. They introduced identical bills for major revision of the law to exempt from duty all works of art made of any material in any form. They would specifically exempt such hitherto excluded items as old primitive carvings, collages, lithographs, architects' models and modern tapestries...
...effort to establish the precedent of whether the University, as a "public charitable organization," is exempt from Cambridge zoning restrictions, Harvard has offered the services of its law firm to the Armenian Holy Trinity Church, the CRIMSON learned yesterday...