Word: legalism
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Dates: during 1950-1959
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...closing the brothels means "free prostitution, which means nothing less than free contagion." Cried one legislator: "We Italians are an exuberant people with deep sexual needs." (Snorted Senator Merlin scornfully: "Men are men.") But many Italians, aware that their nation is the last one in Europe where prostitution is legal, are glad to see it finished. Said one: "What has been going on here is that houses have been selling the bodies of women, and the government has been taking a percentage of the sale." One young Roman was more cynical. "Now that the houses are going to close...
...political heir of the assassinated Carlos Castillo Armas, Cruz Salazar controlled Congress, which has the legal power to break an election stalemate by choosing between the two front runners. Unofficial election totals put Ydigoras well ahead with 41% of the vote, left Cruz Salazar and Mario Méndez Montenegro of the liberal Revolutionary Party in a tight race for second place...
PRICE CUTTING by big corporations to meet local marketing conditions, long opposed by the FTC, is O.K. U.S. Supreme Court ended 17-year legal wrangle between Standard Oil Co. (Indiana) and FTC, which argued that such flexibility will nullify price discrimination laws...
...failed to use its strongest economic medicine: lowering the reserves all member banks must maintain to cover deposits. Currently, the FRB requires banks to keep reserves at an average ranging from 20% of loans for big central city banks to 12% for small country banks, well above the legal minimums. Even a 1% reduction in reserve requirements would make possible nearly $6 billion in new loans...
...this point the legal tangle begins to look painfully like a hangman's knot. But presto! The tangle turns into a cat's cradle of evidence that whodunit expert Agatha Christie, author of the long-running play on which the picture is based, manipulates with the skill and deft craftsmanship of long experience. The last scene is, as the British say, a basher...