Word: lawness
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Dates: during 1980-1989
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Wilder, himself a product of segregated education and law school at Howard University, will be the embodiment of state government for the next four years. When he is inaugurated in January, he will command more day-to-day administrative power than any other elected black official in the nation's history. (P.B.S. Pinchback, hitherto the nation's only black Governor, served for just four weeks in Louisiana during Reconstruction.) But there is also an important symbolic dimension to Wilder's election. It is sobering to remember that just one other black has been elected to major statewide office since Reconstruction...
...curves south from the Washington suburbs of northern Virginia, crosses Richmond and heads east to the bustling Tidewater area around Norfolk. Although no Democratic presidential contender has carried Virginia since Lyndon Johnson in 1964, the party has controlled state government since the 1981 election of L.B.J.'s son- in-law, the popular Governor (and now Senator) Chuck Robb. The respected current Governor, Gerald Baliles, cannot succeed himself under state law. As political scientist Larry Sabato of the University of Virginia puts it, "I think of Virginia today more as a Middle Atlantic state than a Southern state...
...refugees that with a cold winter coming on, the country is short of housing. Hannover Mayor Herbert Schmalstieg, who is also vice president of the German Urban Council, called for legal limits on the influx -- an act that federal authorities say would be unconstitutional since West Germany's Basic Law stipulates that citizenship is available to all refugees of German ethnic stock and their descendants...
...world where one man who clearly violates the tax law gets elected mayor of New York while another gets put out of business and sentenced to jail, it's worth a few moments to try to discern what's going...
Regan would argue that he didn't violate the tax law. (A former IRS commissioner was prepared to testify to much the same thing, but the jury was not allowed to hear this because the judge accepted the Government's argument that his views might blur the issue.) Regan's trades were part of a hedging strategy under which you buy and sell related securities at the same time. You lose on one and gain on the other, but if you've done the math right, you'll usually lose a little less than you gain. Yippee...