Word: ownerships
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Dates: during 1960-1969
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...only the Federal Communications Act but also First Amendment guarantees of free speech. Broadcasters, they said, would grow chary of controversy if they had to worry about a toughened fairness doctrine. In a unanimous opinion, the high court upheld the FCC in both cases. A license does not mean ownership of the air, said the court, "only the temporary privilege" of using it. Since the air actually belongs to the public, said the court, the FCC's fair play rules increase rather than curtail the scope of free speech...
...WHOM TO LET IN. Public ownership of the exchange's member firms is the prospective change with the greatest long-range potential for reshaping the structure of Wall Street. The need is clear. Despite the rich commissions, member firms lack capital for long-term needs such as back-office automation, and several recently had trouble complying with an exchange rule that capital must equal at least 5% of debts. They must now rely on internal growth and borrowings...
...owners would bring, and to let the public share in Wall Street's profits. Donaldson, Lufkin is threatening to leave the exchange if the constitution is not changed to let it go public (TIME, May 30). Haack seems sympathetic, but he predicts that a forthcoming vote on public ownership among the exchange's seat holders will be "close...
...Darts slipped to only 1,598, and Simcas to 31,106, out of a total Spanish car production of more than 300,000. To help the company get back on its feet, Chrysler planned another $30 million stock offering, which would have further reduced Barreiros' share of ownership. That, most likely, was what prompted Barreiros and his brothers to resign, though they still retain about 22% of the stock. Without them, Chrysler may find the going harder in a land where personal contacts and government good will mean much in business. The Barreiros case will probably scare off other...
SINCE THE medium is the message in politics, or can override the message, ownership of the media has lately become more crucial than ballot-counting in determining who wins elections. Campaigns are packaged into commodities that candidates may purchase from election market analysts; TV dispenses public policy on a county-by-county basis. This could theoretically make for moral neutrality, but its practical effect enables the moneyed candidate to come into more living rooms as man-of-the people...