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STOCK MARKET. During his campaign, Nixon stirred much criticism by promising an end to "heavyhanded bureaucratic regulatory schemes" for policing the securities business. Nonetheless, Hamer Budge, new head of the Securities and Exchange Commission, has stressed that he will combat malpractices as vigorously as his activist predecessor, Manuel Cohen, who has praised Budge. A judge from Idaho, Budge is particularly eager to protect the interests of small investors...

Author: /time Magazine | Title: Business: A TOUGH FRIEND IN THE WHITE HOUSE | 3/21/1969 | See Source »

...Commission has continued the vigorous enforcement policies that Richard Nixon criticized in the campaign as "heavy-handed." Any Administration's influence over the SEC is limited because the commission members serve for specific terms. However, the President can change the chairman at any time, and it is Chairman Manuel Cohen who has promoted strong regulation of the securities industry. Nixon so far has not replaced him, but is expected to name Hamer Budge, the commission's ranking Republican, to the chairmanship. Budge has voted with the commission chief on the more controversial issues that have come before...

Author: /time Magazine | Title: The Administration: A Progressive Look And Practical Answers | 2/21/1969 | See Source »

Last week, calling merger fights "a form of mid-20th century corporate warfare," SEC Chairman Manuel Cohen said: "The stakes are very high. Giant companies are threatened by small companies that issue paper-sometimes cynically referred to as 'funny paper'-as the incentive for the takeover...

Author: /time Magazine | Title: Business: ASSAULT ON THE CONGLOMERATES | 2/21/1969 | See Source »

...better to prevent than cure," said Information Minister Manuel Fraga Iribarne. "From this moment, the full weight of the law will fall on inciters of unrest and their followers...

Author: /time Magazine | Title: Spain: End of the Experiment | 1/31/1969 | See Source »

Until the past year, little was known of Tanzanite. Among the first to realize its value was a Goanese prospector named Manuel de Souza, who stumbled across a pocket of crystals in Tanzania in the summer of 1967. Samples were sent for appraisal to German lapidaries, who recognized the stones' potential for use in jewelry. Other prospectors dug in, and the area of that first find is now pockmarked with holes. "It is all rather like the Klondike," says Dr. John M. Saul, a New York geologist with three claims in the area...

Author: /time Magazine | Title: Gems: New and Hard to Come By | 1/24/1969 | See Source »

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