Word: reform
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Dates: during 1970-1979
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Contributing to the freshmen's anger has been the fact that they were largely responsible for the revolt in January that dumped three committee chairmen and instituted about a dozen procedural reforms that weakened the traditional seniority system. The reformers wanted to make the House more responsive to new ideals and the will of the majority. To the dismay of the freshmen, the changes also further loosened party discipline. The liberal House Democratic Study Group has found that party unity on three of the attempts to override presidential vetoes was the feeblest in 20 years. In an unprecedented move...
Sense of Urgency. As if to prove that, Mrs. Gandhi proposed a 20-point reform program that if enacted, might move India well along the path toward a socialist society. Among her proposals: liquidation of the debts of the rural poor, abolition of indentured labor, division and redistribution of large landholdings, increased public housing in rural areas, expanded irrigation networks, and severe new penalties for black marketeers, tax evaders and smugglers...
There was little in this sweeping reform program that had not been previously proposed. Thus some critics argued that it was primarily aimed at deflecting attention from the suspension of political liberties. They note that the Prime Minister hardly needed an emergency to effect these reforms, because her Congress Party-which controls 355 of Parliament's 516 seats, as well as 19 of India's 22 state governments-has the power to vote into law any economic programs she wishes...
Despite Narayan's criticism of government corruption, his movement offers no clear-cut program for social or economic reform. J.P. talks vaguely of "partyless democracy" and returning power to the villages. He urges his followers to engage in such tactics as gherao (laying siege) and dharna (sit-ins). But almost invariably his civil-disobedience campaigns have turned violent...
Right Price. A less controversial reform went into effect last week, when the SEC-suggested Consolidated Tape network began operation. The tape carries quotations for all 2,000 issues traded on the New York Stock Exchange, but in addition to prices on the Big Board itself, it records prices for the same stocks in six other markets. For each trade effected off the Big Board, the stock symbol is followed on the tape by an ampersand and a letter for the market involved: M for the Midwest Stock Exchange, P for the Pacific Coast Stock Exchange...