Word: repeal
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
With encouragement from the pickup in business, the stock market rose to a new 1958 high last week. Stocks hit 478.97 in the Dow-Jones industrial average, then recovered from a sharp sell-off to close the week at 473.60. Encouraged by the Senate vote to repeal the 10% passenger and 3% freight taxes, rails closed at 119.17, a whisker under the year's high. But while the confidence of many investors returned, the skepticism of others increased. The short position, which has been rising for five months, was reported last week at 5,795,105 shares, highest since...
...CRIMSON, undoubtedly heartened by this display for lawlessness, conducted a poll in conjunction with fourteen other colleges; results showed that out of 24,000 votes, 15,000 of American college youth were willing to lose their reputation for virtue in order to support repeal or modification of the liquor laws. Pennsylvania, however, was the exception to the rule, and the Quakers registered a majority dry vote. Princeton, naturally enough, had the wettest vote. Over 79 per cent of the Tigers admitted that they drank...
...weeks after it began trying to diagnose U.S. railroad ailments, the Senate Surface Transportation Subcommittee wound up hearings last week with 2,356 pages of symptoms. Indicated cures: repeal of the wartime 10% passenger excise tax and 3% freight levy; a possible new Government emergency loan fund to help the roads meet soaring maintenance-labor costs; a faster tax write-off period on new equipment by cutting present depreciation rates from 40 years to 20. The subcommittee feels that these changes are politically possible, hopefully expects legislation to bring them about by July...
...have actually increased their prices. Concludes Banker Allen: "This is a new, a novel and a frightening theory of consumer behavior. It amounts to saying that consumers will neither be able nor willing to buy more goods and services at lower prices than at higher prices. It amounts to repealing the principles of economic behavior in a private-enterprise economy. It rejects the essential readjusting mechanism, flexible pricing, which can contribute so much to sustained high levels of employment and output. It ignores-but, you may be sure, it does not repeal-the law of supply and demand...
...Henry Ford II last week urged complete repeal of the federal excise tax on autos "as the kind of action that will help reverse the present unfortunate trend." Added Ford: "We have reached a crucial point in the recession-a point where optimistic words are of little avail and where prompt and direct action is indicated...