Word: limitted
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Dates: during 1980-1989
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...tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets. Rohatyn also thinks that offers to acquire a large number...
...most controversial suggestions on how to limit takeovers comes up for SEC hearings next month. It involves a New York Stock Exchange proposal to remove its 60-year-old "one share, one vote" rule, which prohibits the trading of shares in companies that issue both voting and nonvoting common stock. The revision would allow corporate managers and other insiders to keep the voting stock for themselves and to raise money by selling the nonvoting shares to other investors. Critics of the proposal see it merely as a way for managements to make themselves impregnable...
Field shared his experience as a member of the Paine Commission, which was established by Congress to assess the future of the U.S. space program over the next 40 years. "The commission could see no reason to limit humanity to the Earth," said Field. "We immediately began talking in terms of settling the solar system...
CANTABRIGIANS MAY SOON GAIN some new legal protection from second-hand smoke. The Cambridge City Council heard testimony last week on a proposed law that would ban smoking in public places and limit it in the workplace. The law would not apply to dormitories or to restaurants, which are already required by a city ordinance to reserve at least one quarter of their seats for non-smokers. The council ought to make the new proposal law as soon as possible. It will provide welcome relief for the city's non-smokers without making unreasonable demands on those who smoke...
However, the IOP has decided to limit Cable Satellite Public Affairs Network (C-SPAN) to taping only four shows, in order to examine the impact of the network's presence on the quality of the events...