Word: limiteds
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Dates: during 1960-1969
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...trained to fight a modern war. It is even less prepared to deal with domestic riots. While some of its severest critics believe that it should be abolished, that is too total a solution for the safety of the people. The U.S. needs a capable reserve in order to limit the size of the permanent military establishment and still afford adequate protection in time of emergency. The states must have an effective force for riot control and service in time of disaster. It is time for politicians as well as professional and citizen soldiers to put aside their own interests...
Papal Will. Although the ground rules for the synod limit discussion to the five picked topics, it is not impossible that the agenda will be broadened. The 182 attending bishops include a strong representation of renewal-minded prelates, some of whom have already indicated that they want the floor thrown open for debate on other issues. Whether they succeed depends largely on the mind and will of Pope Paul, who now seems to have recovered sufficiently from his prostate condition so that an operation may not be necessary until after the synod ends next month. Unlike an ecumenical council, which...
...decide how much income a family not on welfare could have and still be rated as "medically needy." Oklahoma set it at a low, low $2,448 for a family of four. In most states the amount ranged between $3,000 and $4,000, with an infinite variety of limitations as to what cash, liquid assets, equity in a car, and life insurance the family might be allowed to keep. California, though it set the four-member family income limit at a median $3,900, offered an estimated 2,500,000 eligibles every conceivable health service that HEW would approve...
...instead of $11,900 and made certain that he could lose no more than the $1,750 no matter how much the stock went up. Though most options are sold to speculators, market tacticians also use them in complex hedging maneuvers to protect paper profits, reap tax benefits, or limit the chance of losses. Bernard Baruch used them to grab control of whole companies-without disturbing the market...
...Cornfeld's success mounted, so did protests. In the U.S., the Securities and Exchange Commission got after him last year on the grounds that his activities violated American law. He finally settled with the SEC by agreeing to stop selling Fund of Funds shares to Americans, limit holdings in U.S. funds, and sell off Investors Planning Corp., a mutual-fund sales firm that I.O.S. purchased in 1965 for $2,000,000. Cornfeld claims to be happy the way things turned out. American clients account for only 3% of l.O.S.'s business anyway-and Cornfeld figures to unload Investors...