Word: ruled
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Dates: during 1950-1959
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Humphrey, Javits & Co. would like nothing better than a cloture rule allowing the Senate to cut off debate by a simple majority vote. Against that, Georgia's Richard Russell, strategic leader of the filibuster forces, and Majority Leader Lyndon Johnson, even while admitting last week that a change in Rule XXII is probably inevitable, aim at holding it to a near-meaningless minimum. From the battle that will begin next Jan. 7 between those two positions may come a rule allowing Senators to talk lengthily-but not forever...
...primitive economy-though not so primitive as China's present masters like to pretend. Mao inherited from the Japanese a major coal and steel complex in Manchuria and from the Nationalists considerable light industry as well as the Yumen oilfield-still China's biggest. Under Nationalist rule China's industrial production had risen 80% between 1933 and 1945. By the time Mao appeared, the stage was set for a Chinese industrial revolution comparable to that experienced by Japan in the 1880s or Germany under Bismarck. All that was missing was peace and a strong, central government...
...send any gifts to our employees. Boeing Airplane, U.S. Steel, California Packing, Cutter Laboratories, Morri-son-Knudsen Co. and Dresser Inc. have similar policies, though they do not send out a formal letter. Former General Motors President Harlow H. Curtice did not go that far in laying down a rule of thumb to guide his people but he did send around a memo that no G.M. man should accept a gift he cannot eat, drink or smoke in one day. G.M. and many others still send gifts to valued customers and contacts, but they try to make the gifts useful...
...complained that the Federal Housing Administration's 23 volumes of outmoded and confusing minimum standards have kept them from giving house buyers more quality. Last week, following three years of talking with housewives, manufacturers and engineers, FHA Commissioner Norman Mason came out with his answer: a one-volume rule book that for the first time in FHA's 24-year history pulls together, updates and clarifies the regulations on which FHA grants mortgage insurance for one-and two-family houses...
...years the industry was paying no tax at all. Taxing only investment income also leaves many loopholes that many insurance men agree should be plugged. But reaching a solution is complicated by differences in the way stock and mutual companies get their incomes. The mutual companies, as a general rule, after paying dividends to policyholders, have relatively low underwriting incomes and high investment incomes. But stock companies usually receive a larger share from underwriting fees than from investments...