Word: limiteds
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Dates: during 1950-1959
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...reaffirmed an earlier statement backing the Federal Reserve Board's decision to raise interest rates to member banks although the President's own administrators opposed the decision (see BUSINESS). In an off-the-cuff opinion, he suggested that Illinois' Senator Everett Dirksen's proposal to limit income taxes to a 25% ceiling might get the Government into "a very rigid fix." He revealed that he had persuaded retiring NATO Commander General Alfred Gruenther not to retire "for a long time, but I couldn't do it forever...
...months of his second term as governor of Alabama, moose-tall (6 ft. 8 in.) James Elisha ("Kissin' Jim") Folsom has striven to the limit of his limited talent to keep the peace between the races. He opposed or vetoed almost all the racist state legislature's anti-Negro bills; he criticized the spreading White Citizens' Councils. Last January he termed the legislature's resolution of nullification "nothing but hogwash," but he let the resolution pass without his signature so as to avoid an uproar...
...midweek the inevitable happened. As trading volume reached an alltime high of 66,205,000 bushels, prices for July futures, i.e., July delivery, dived the permissible 10? limit for the day. The next day the same thing happened as speculators with tiny margins and quick reflexes hastened to unload. Rumors that the Commodity Exchange Authority (the SEC of commodity trading) was going to investigate possible market rigging brought still more stop-loss orders pouring in. At week's end, the CEA investigation rumors quieted; July futures closed at $3.20 per bushel, a loss of about 22? in three days...
...committee proposed that G.M. split off its customer financing subsidiary, General Motors Acceptance Corp. Said O'Mahoney: "General Motors has used its financial power to obtain advantages over competitors." The committee also hinted that the Government should end G.M.'s 80% domination of the bus market, limit its expansion into such fields as diesels and earthmovers. It also suggested that G.M.'s profits are so high ("31% of its net worth" after taxes last year) that it could cut car prices. The committee overlooked the vast implications of that bit of advice: price cuts by G.M. would...
...writing for The Advocate. If the editors can convince these craftsmen that their work should say something, that it is not absolutely essential to be so divorced from the subject as not to give a damn about it, and that it is not necessary for a young writer to limit himself to microscopic themes, they will render a service not only to the hesitant authors but the too often yawning public. It is good to be able to say that this issue contains nothing very bad, but it would be far better to say that it contained one piece which...