Word: laws
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Dates: during 1960-1969
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Nationwide, graduate school applications are actually running about 10% higher than a year ago. Some schools, anticipating a shortage, have accepted more than the usual number of applicants and may wind up overcrowded. Yale Law School, which can handle about 175 first-year students, now finds that 230 plan to enroll. Brandeis expects about 30 more liberal arts graduate students than it wants. The University of Miami figures that graduate enrollment will increase by 14%. Grad school acceptances by the University of Southern California are running 20% above those of last year. And at U.C.L.A., Director of Planning Adrian Harris...
Beyond Conventions. Merrill Lynch is fond of noting that it imposes on its employees a set of ethics that goes well beyond the requirements of law or the conventions of Wall Street. For example, no employee is allowed to obtain a bank loan by using securities as collateral. Unless he is about to retire, no officer is permitted to become a director of another company. Alone among big brokers, Merrill Lynch has refused to promote the sale of mutual-fund shares, reasoning that such dealings could lead to a conflict of interest in serving its big and little customers...
...practically an article of faith that political platforms have major planks dealing with the U.S. economy. Yet in 1968 both the Republicans and Democrats-bothered by what seem to be more pressing problems, such as the Viet Nam war, law and order, and civil rights-paid only token attention to the economy. By so doing, they ruled out as a major political issue what has certainly become a matter for concern in almost every U.S. home: the rising cost of living...
Pritzker & Pritzker is a Chicago law firm that has not had a case in years, and could not care less. "We neither seek nor accept clients," says Partner Jay A. Pritzker. "There would be too much conflict of interest and not enough time." That is quite an understatement. By astutely minding their own business, the entrepreneurial Pritzkers have put together a portfolio of business interests with assets approaching $500 million. The Pritzkers-Jay, Brothers Robert and Donald, plus Father Abram and Uncle Jack-run one of the nation's largest and least-known family enterprises...
Among the holdings they control from their law offices are the Marmon Group Inc., a diverse collection of businesses that last year had sales of $79 million, and the Colson Corp. ($12 million), a maker of food carts and other equipment. They also own a myriad of smaller companies in the U.S., Canada, Britain and Australia involved in mining and agricultural equipment, cement and fertilizer. Then there are 400,000 acres of timber and farmland in the South and Northwest, plus housing developments and shopping centers in Chicago, Las Vegas and Puerto Rico...