Word: expression
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Dates: during 1980-1989
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More generally, the majority insisted that the Supreme Court should display "great resistance" against any attempt "to discover new fundamental rights" not enumerated in the Constitution. "Otherwise," wrote White, "the judiciary necessarily takes to itself further authority to govern the country without express constitutional authority." For years conservatives have attacked judges, particularly Supreme Court Justices, for reading their own moral and political views into the Constitution. White's opinion was an unusually explicit acknowledgment of that criticism by a Justice, and it may portend greater deference by the court to the actions of elected officials...
...handsome profits by giving away everything they produce. But in the newspaper business, an enterprising group of publishers is doing just that. By relying solely on advertising revenues, their papers prosper without charging readers a cent. From the suburban Boston Tab (circ. 150,000) to Berkeley's East Bay Express (circ. 45,000), free newspapers, most of them weeklies, are finding lucrative editorial niches and providing a sprightly alternative to established dailies...
Many investors still expect People Express to survive in some trimmed-down form. Says Peter Lynch, manager of the Fidelity Magellan Fund, which has invested in People from its inception: "They may have to abandon Denver and shrink their company by a third." Nonetheless, he adds, "they're still in a dominant position in New York, the largest market in the country...
...billion seat miles, a 43% increase. There are plenty of seats, in other words, to go around. Says Julius Maldutis, an airline analyst for Salomon Brothers investment firm: "The airlines are locked into a low-fare environment from which there is no return." No matter what happens to People Express, its impact on air travel will not be easily undone...
...rare move, the grand jury charged that Shearson managers and employees knew about the money-laundering scheme. Now a subsidiary of American Express, Shearson is also accused of violating the federal Bank Secrecy Act, which requires that financial institutions report to the Internal Revenue Service all cash transactions in excess of $10,000. If convicted, Shearson faces a maximum fine of more than $16 million. While several banks have been charged with money laundering, it is unusual for a brokerage firm to be indicted for that offense...