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Word: rescinding (lookup in dictionary) (lookup stats)
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...outsize increases, out of fear that the board would arouse the wrath of the public against them. Okun hopes that in practice most would seek the board's guidance informally before negotiating wage increases or raising prices. As a last resort, the board could forbid by law or rescind any increases that it found excessive. It could seek injunctions and fines against flagrant violators of its rulings; Robert Nathan would go further and provide jail sentences...

Author: /time Magazine | Title: The Economy: What to Do in Phase II | 10/11/1971 | See Source »

...Nader, who told a congressional committee that he suspected General Motors had been given advance notice of the price freeze, possibly during a recent meeting between Connally and G.M. President James Roche. (G.M. had raised prices on its 1972 models before the freeze went into effect, but agreed to rescind the increases...

Author: /time Magazine | Title: The Economy: Nixon's Grand Design for Recovery | 8/30/1971 | See Source »

...overall authority to wheedle, cajole, crack heads and otherwise employ his considerable political skills in imposing the freeze. He has moved briskly. When the Pentagon announced that certain servicemen's pay raises would go through on schedule, Connally called Deputy Defense Secretary David Packard and said: "You rescind those raises or I will." After Texas Governor Preston Smith declared that his state employees would receive their regular pay increases, Connally signed an order directing the Attorney General to see that Texas complied with the freeze...

Author: /time Magazine | Title: The Economy: Putting on the Freeze | 8/30/1971 | See Source »

While the Harvard baseball team competes for the NCAA title in Omaha this weekend, Barron Pittenger, associate director of athletics, will ask the NCAA rules committee to rescind the one-league-one-team re?triction...

Author: By Robert W. Gerlach, | Title: Pittenger Asks NCAA To End Playoffs Rule | 6/7/1971 | See Source »

...Camping?" asked an officer at 1 o'clock one morning. "I don't see any camping." Finally Government lawyers, presumably having decided that arresting several hundred men who had fought in Viet Nam would be politically un wise, went back to Judge Hart and asked him to rescind the injunction. An indignant Hart did so, observing: "The judiciary has been degraded by this whole affair. I don't think it could have been handled worse." He added: "You have put the Viet Nam veterans in a situation of openly defying the courts of this country." Nixon...

Author: /time Magazine | Title: The Nation: Protest: A Week Against the War | 5/3/1971 | See Source »

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