Word: firmness
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Dates: during 1970-1979
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Last week the trustees voted to urge Phelps Dodge, a large U.S. mining firm, to leave South Africa, but turned down a similar resolution in Caltex, a subsidiary of the Texaco oil company...
Massachusetts Secretary of State Paul H. Guzzi '64 yesterday ordered Bill Dillon and Co., an investment firm run by Harvard undergraduates, to halt all further business in the Commonwealth pending possible charges of fraud and other business irregularities...
...order against Dillon, an economics major who is presently on a leave of absence from Harvard, also alleges that he represented his firm as an independent business and himself as a broker-dealer when in reality his firm was a branch office of the Securities Investment Services Corp. (SIS) of Boston and Dillon an agent of that corporation. He was charged, further, with depositing payments in a Dillon Company bank account over which he alone had control...
...majority, Justice Lewis Powell rejected a state court opinion that corporations do not enjoy full First Amendment protection. The decision permits two Boston banks and three corporations to spend freely on any political matter.* Because speech comes from a corporation rather than a person does not deprive the firm of First Amendment guarantees, explained Powell...
DIED. Jacques Léon Rueff, 81, free-market economist who helped Charles de Gaulle put France on the road to financial reform after 50 years of inflation and deterioration of the franc; in Paris. A firm advocate of the gold standard as an economic foundation for all Western countries, Rueff in 1958 carried out a drastic reduction in borrowing, the removal of nearly all quota restrictions for international trade and most significantly, the creation of a new franc (worth 100 old francs), which helped restore France's balance of trade and built up its gold reserves...