Word: feds
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Dates: during 1960-1969
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...shoved or struck by recalcitrant students; uncounted others are cursed and threatened with beatings. Last week, in the wake of 13 such student assaults in the past six months, teachers at Bronx Junior High School 98, where 96% of the students are either Negro or Puerto Rican, finally got fed up. Among other things, they asked Principal James Mandel and the school board to provide more protection than the single patrolman already on full-time duty there, give them the right to kick abusive students out of class. When school-board officials failed to meet the demands, 79 teachers-about...
...tinued its corporating" recent the trend of Constitution's gradually Bill "in of Rights in the due-process clause of the 14th Amendment, which is binding on states. But what is speedy trial? While a few states require trial anywhere from two to six months after indictment, fed eral courts require only no "unnecessary delay," a phrase that sometimes allows delays of several years. And who is entitled to speedy trial? In federal and most state courts, the current answer...
...blur old liberal-conservative labels, flout traditions, flaunt new ideas. Dewey Daane, 48, a Harvard-trained former Treasury aide, likes to call himself a "neo-Keynesian swinger." His was the key vote in the board's 4-3 decision to raise the discount rate-the interest that the Fed charges member banks for borrowing-from 4% to its present 41% in December 1965. George Mitchell, 63, onetime director of finance for the State of Illinois, holds that the Fed may need a whole new set of monetary weapons to deal with tomorrow's checkless society, which will...
Andrew Brimmer, 40, former Assistant Secretary of Commerce and the first Negro to sit as a governor of the Fed, packs his frequent speeches with unprecedented detail about the board's thinking. Sherman Maisel, 48, an easy-money housing expert who taught at the University of California, has startled most colleagues by faulting the Treasury (for selling gold for $35 per ounce), the Budget Bureau (for incomprehensible bookkeeping) and the Council of Economic Advisers (for bad liaison with the Fed...
...chooses, the President will soon be able to add another monetary liberal to the Fed's changing lineup. Under an obscure civil service rule unearthed recently, Charles N. Shepardson, 71, the board's sturdiest conservative, must retire by May 1 unless Johnson overrides the regulation. With or without Chairman Martin, it would seem, the once staid Fed has become a temple of iconoclasts...