Word: parings
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Dates: during 1960-1969
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Stretching the Rule. The SEC's current effort to force the exchanges to pare their commissions began only this year, but the drive to erase insiders' advantages in the stock market started long ago. The agency established in 1961, in the Cady, Roberts case, that a broker who buys or sells stock on the basis of inside information commits fraud. Such police work intensified after Lawyer Manuel F. Cohen, an austere career civil servant, took over as SEC chairman in 1964. In the Merrill Lynch case, the SEC contends that not only the inside-tip giver is acting...
Some agency heads, of course, were merely playing Johnsonian politics to forestall or reduce curtailments. What ever the difficulties, few Government agencies can realistically argue that it is impossible to pare expenditures without loss of effectiveness...
...dislike. Foreigners gripe about the oversize Italian pavilion and the reams of red tape. In the 1950s, when the Grand Prix was awarded to established artists, the avant-garde snarled about outdated academism. In the 1960s, when the prizes went to raffish radicals like Robert Rauschenberg and Julio Le Pare, the rear guard sneered that Venice was falling prey to fashion and backstage conspiracies...
Over the past two years, Spitz has won 22 national and international titles, broken ten world records and 28 U.S. marks. He is the current world record holder in both the 100-meter butterfly (55.7 sec.) and the 200-meter butterfly (2 min. 5.7 sec.), needs only to pare a total of seven seconds off his best times to set records in the 100-meter, 200-meter and 400-meter freestyle and the 200-meter individual medley (breast stroke, backstroke and crawl). At last year's Pan American games in Winnipeg, he won five gold medals. The only...
Almost every private and public authority of the Western countries agrees that to avoid a genuinely serious threat to the dollar, the U.S. must dramatically pare the inflationary deficit in both its domestic budget and balance of payments. Says General Director Max Ikle of the Swiss National Bank: "The welfare of the world depends on confidence in the dollar, and this now depends on American fiscal policies...