Word: prohibition
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Dates: during 1960-1969
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...major firms have run into severe difficulties. Heavy losses in both stocks and bonds last month forced Nuveen Corp. to arrange a major infusion of capital from Paul Revere Life Insurance Co. Nuveen had to resign its memberships in both the New York and American Stock Exchanges, which prohibit member firms from borrowing more than 25% of their capital from the outside. Though Nuveen plans to continue its brokerage activity through the Midwest Exchange, which has more lenient rules, the firm has laid off some 10% of its 450 employees. Meanwhile, McDonnell & Co., beset by financial and operating problems, recently...
...follow him are fanatic in their loyalty, but a large segment of the shifting, transient work force continues to be indifferent to unionism. Wages have been rising even in the absence of contracts, and few farm workers can afford to go unpaid for long. Although federal regulations theoretically prohibit the hiring of aliens, or "green-carders," as strike breakers, the owners have nevertheless continued to use imported workers of Mexican citizenship...
...security pledge) was massively defeated by 90% of the delegates. The defeat was the first of a series of humiliations for National Secretary Michael Klonsky, 26, and Interorganizational Secretary Bernardine Dohrn, 27. The decision after an hour's debate was to UPI bar the "capitalist press" and prohibit any news conferences during the convention...
...rioter who fails to obey a lawful order or provide requested assistance. The police are free to deputize onlookers, who will automatically be guiltless if any person present is subsequently killed or wounded, provided no malice or premeditation is involved. The law allows officers to cordon off any area, prohibit the sale of guns or alcohol, impose curfews, and enter private dwellings when in fresh pursuit of a rioter or when searching for firearms or explosives. Violation of any orders under the law can mean a fine of $500, six months in jail, or both...
...deans and professors accomplishes very much toward the reduction of oppressive violence in the larger society. Be that as it may, it is clear that at the level of principle, universities face an insoluble problem: in order to function with even a minimum of critical independence they have to prohibit the resort to coervice tactics, and they cannot enforce the prohibition strictly without injustice toward a significant and valuable minority of their own members...