Word: hamer
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STOCK MARKET. During his campaign, Nixon stirred much criticism by promising an end to "heavyhanded bureaucratic regulatory schemes" for policing the securities business. Nonetheless, Hamer Budge, new head of the Securities and Exchange Commission, has stressed that he will combat malpractices as vigorously as his activist predecessor, Manuel Cohen, who has praised Budge. A judge from Idaho, Budge is particularly eager to protect the interests of small investors...
Concern about Risks In his first pronouncement as the new chairman of the Securities and Exchange Commission, former Idaho Congressman Hamer Budge complained last week that some complex forms of conglomerate financing offer only "an illusion of security." Testifying before a House subcommittee, he counseled investors against being misled by "apparent improvements" in the earnings of aggressive conglomerates. "Those who are engineering the present wave of takeovers," he said, "appear to find short-term profits so tempting that they ignore long-term risks." Later, Robert W. Haack, president of the New York Stock Exchange, told another House subcommittee that...
...limited because the commission members serve for specific terms. However, the President can change the chairman at any time, and it is Chairman Manuel Cohen who has promoted strong regulation of the securities industry. Nixon so far has not replaced him, but is expected to name Hamer Budge, the commission's ranking Republican, to the chairmanship. Budge has voted with the commission chief on the more controversial issues that have come before the commission...
...money from Cambridge came as a surprise to the black farmers, Wellford said, and "Mrs. Hamer is now using it as a selling point in winning support for her plan. She's using the generosity of the Harvard community to show her people that there's an alternative to starvation and exodus--to give them a reason to stay and fight...
...that the co-op has held its option, it is beginning its drive for the full $22,000 purchase price of the land, Wellford added. Mrs. Hamer is contacting national foundations and expects help from them, and the drive at Harvard will also continue, Wellford said...