Word: par
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...money" man, Truman recalled his bitter struggle with the Federal Reserve Board to keep interest rates down during the Korean War. Moreover, he believes with a conviction bordering on passion that Government bonds, as the symbol of Washington's good faith, should never be allowed to sell under par-and he saw them plummeting far below par as investors sought higher interest rates elsewhere. When major U.S. banks raised their prime interest rate to 6% three weeks ago, Truman decided...
...United Auto Workers demanded that the contract, which still has a year to run, be renegotiated for some 200,000 pipe fitters, millrights and other craftsmen. The U.A.W. in sisted that such workers get a $1-an-hour wage hike, so as to put them on a par with other building tradesmen in the Detroit area. The Big Three turned the U.A.W. down cold, whereupon 1,300 workers picketed Chrysler headquarters with placards demanding "More...
...Par. The main line of defense for those who oppose open-housing legislation is their contention that it violates the absolute right of property. Senate Republican Leader Everett Dirksen, without whose support the 1964 and 1965 civil rights bills would have been defeated, sincerely considers the housing measure "absolutely unconstitutional" and intends to fight it to the death in the Senate. Even many Northern liberals confess that they are disturbed by the idea of depriving a man of the right to sell his property to anyone he likes. It is an idea that appears to go against the American grain...
...property owner over the years have been circumscribed by scores of restrictions, ranging from the state's right of eminent domain to a tangle of local ordinances. The courts seem to agree that the rights of U.S. minorities to compete equally in the housing market stand on a par with the rights of landowners. In tests of some of the fair-housing laws that already exist in 17 states and 31 cities, State Supreme Courts have ruled almost unanimously that the laws are constitutional. Said the Massachusetts Supreme Court: "Neither property rights nor contract rights are absolute. Equally fundamental...
Back in London, Brian Epstein, the Beatles' manager, discoverer, and cagey promoter par excellence, struggled out of a sickbed and enplaned for Manhattan "to assess the situation." The Beatles, after all, were due to begin a 14-city U.S. tour in Chicago this weekend. Epstein has had to deal with the Beatles' foxy chitchat before. "Show business," they once said, "belongs to the Jews; it's part of the Jewish religion." In New York, Epstein coolly declared that Lennon himself was getting a little religion. "John," he announced at a press conference, "is deeply concerned, and regrets...