Word: restriction
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Dates: during 1960-1969
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Gold for Ballast. Saxon's wall shaker was a proposal to allow national banks to set up branches within 25 miles of their home offices, though laws in 34 states expressly restrict or prohibit branch banking, even by nationally chartered banks. Left at a competitive disadvantage, most bankers fear, state-chartered banks would immediately shift to national charters, and soon only a single, nationally supervised banking system would survive. This, they argue, would destroy the cherished "dual system" of banking, with its checks and balances against heavy-handed regulation. Saxon's argument: branching restrictions merely protect well-entrenched...
...contrast to the renascence of tutorial in the Natural Sciences, departments in the Humanities and Social Sciences have been narrowing and intensifying their programs. The most notable instance of this was the English Department's decision last spring to restrict junior tutorial for credit to students in Groups...
...legal consultant to JETRO (Japan External Trade Agency). Hired in August 1959, the two-time Republican presidential candidate, who now practices law in New York, helped the Japanese land a $3.8 million contract to supply ship-towing locomotives to the Panama Canal Co., worked hard to counter efforts to restrict imports of cheap transistors to U.S. markets. But after a 1960 Japanese trade fair in Moscow fizzled and wound up $314,000 in the red, the Diet lost some of its enthusiasm for JETRO, decided to cut costs by taking Dewey off the payroll...
...Geneva Exchange-which does not restrict floor trading to member brokers-was a churning mob scene as panicky investors rushed onto the floor to sell their stocks in person. On the Zurich Exchange, shares in the blue-chip Crédit Suisse slid from...
Peabody also wants to abolish the Governor's Council, which presently must approve nearly every action the governor takes. This venerable institution, established in the 18th century, was devised by the colonists to restrict the authority of royal governors...