Word: lowers
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Dates: during 1960-1969
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Preposterous? Jack Javits for President? Or Vice President? A slum-born Jew from the Lower East Side of New York? A luncheon companion and confidant of the G.O.P.'s Eastern "kingmakers" and Wall Street internationalists? A mugwump who backed F.D.R. in 1940 and bucked Barry Goldwater in 1964? An urban apostate who out-Democrats most Democrats? ("If you get any more forward than you are," Hubert Humphrey once kidded him, "you'll be ahead of the Democratic Party.") To the brand of Republican who keeps the conservative faith between elections with readings from Robert Taft and denunciations of Lyndon Johnson...
...lower courts may grant, temporary injunctions banning FTC-challenged mergers even before the FTC holds an administrative hearing on a case. The commission has long but unsuccessfully sought such authority from Congress on the ground that it is often "impossible" to unscramble assets after a merger has taken place...
...lower court was "too lenient" in merely ordering Providence's Grinnell Corp. to sell three subsidiaries after it was found guilty under the Sherman Act of monopolizing a segment of the burglar-alarm industry. In such cases, the court suggested, the remedy should include continuing Government surveillance of the companies to police compliance with the decree...
...military charters for hauling troops and cargo to Southeast Asia. The military pays only about one-third as much per seat as civilians do, but because the lines can count on close-to-capacity loads and greater utilization of planes, the profits on military flights are not much lower than on civilian ones. Biggest military-airlift supplier is Pan Am, which already has 16 of its 100 jets on Viet Nam duty under a $44 million contract. Pan Am has cut its summer-peak transatlantic schedule from 288 to 266 flights a week...
...Jeanne and Harlan Davis tangled with police at a boite they ran called the Golden Nugget in suburban Los Angeles. There, the cops spied ex-Dancer Jeanne, 36, modeling the lower half of a leopardskin bikini without the upper half. Distressed, they arrested the Davises for violating Section 650½ of the state penal code, a catchall law for moral suasion that forbids any act "which openly outrages public decency." Fined $276 and put on three years' probation, the Davises carried their case to a three-judge panel of California's Second District Court of Appeal, which last...