Word: let
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Dates: during 1960-1969
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...reform, foreign aid, Post Office reorganization and Electoral College revision. Some of these and other proposals came relatively late, after Congress' Easter recess in April, and are just getting into the committee machinery. But on the social security issue, House Ways and Means Chairman Wilbur Mills has already let it be known that Nixon's bill is too small and that the whole question should be deferred until next year...
...ultranationalist rightists and anti-American leftists in Japan with a burning issue against the pro-U.S. government of Premier Eisaku Sato. Last week the U.S. approached the difficult decision. As Japan's Foreign Minister visited the White House to open formal talks on reversion, the Nixon Administration let it be known that it will soon move to return Okinawa and the other Ryukyus to Japanese control...
...Ellman may be close to Escoffier - and not just alphabetically. Auguste Escoffier left the world crepes suzette and peach Melba, but in his own way Larry Ell man is equally inventive. He has given the world the trompe l'oeil restaurant. His idea is to sell atmosphere and let atmosphere sell food...
...WHOM TO LET IN. Public ownership of the exchange's member firms is the prospective change with the greatest long-range potential for reshaping the structure of Wall Street. The need is clear. Despite the rich commissions, member firms lack capital for long-term needs such as back-office automation, and several recently had trouble complying with an exchange rule that capital must equal at least 5% of debts. They must now rely on internal growth and borrowings...
Besides that, it would be desirable to open the "exchange community" to the new ideas that new brokerage owners would bring, and to let the public share in Wall Street's profits. Donaldson, Lufkin is threatening to leave the exchange if the constitution is not changed to let it go public (TIME, May 30). Haack seems sympathetic, but he predicts that a forthcoming vote on public ownership among the exchange's seat holders will be "close...