Word: legalization
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Dates: during 1950-1959
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Soak the Rich. Having already borrowed the legal limit from the Bank of France and hoping to borrow more to offset the government deficit, Mollet had encountered Bank of France Governor Wilfrid Baumgartner, conscientious keeper of the country's precious bullion reserves. Said smooth, silver-haired Baumgartner: "I want collateral-taxes. And quickly." Mollet's answer: a soak-the-rich tax program that hit corporation earnings, dividends and inventories, added four francs per liter...
...American agent," and the rival was desperately taking ads in the papers to protest his 100% Egyptianism. Another was laying siege to coffeehouse customers with a tape-recorded tune: "With freedom elect him. Elect Moussa Sabri." To make sure the fun was harmless, Nasser instituted a new legal provision last week: any speaker who criticizes any public official must furnish the authorities with documentary proof of his charges within five days of making them...
...zeal for fast cars and beautiful women, Spain's late Marquis de Portago (TIME, May 20) neglected the legal adoption of one of his sons, Kim, now 3. Legally fatherless, little Kim was last week the object of a private tug o' war that will probably never land in the courts. Racer de Portage's mother, Olga Martin-Montis, holder of the De Portago purse strings, is fond of her grandson, reportedly wishes to adopt him herself. All for keeping the boy and wangling from Olga a settlement on him is Kim's mother, onetime famed...
...developments in Jersey City; new subscriptions had dropped off 70% since the election. The rival Hudson Dispatch (circ. 56.825), which had expressed less vigorous opposition to the Murray ticket, not only got the run of City Hall but was expected this week to land the city government's legal advertising, a plum that had long been shared by the two papers. The new administration's most eloquent gesture, Jersey-fashion, was to fire a onetime Journal newsman who landed on the city payroll under Boss Kenny (TIME, March 25) and appoint a Hudson Dispatch reporter...
...anything bothers the liquor industry more than teetotalers, it is the legal taboos that restrict its advertising copy. While many an industry from cereals to soap touts its product as a boon to health or happiness, distillers are barred by Internal Revenue's Alcohol and Tobacco Tax Division from using "any advertisement which creates the impression that distilled spirits will contribute to the mental or physical well-being of the consumer, or may be consumed, even in moderate quantities, without any detrimental effect." Last week there were signs that the industry is getting around the law with ads discreetly...