Word: sacrosanct
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Giving Up $150 Million. SEC pressure last week won a much more costly concession from Wall Street. For the first time in its 176-year history, the New York Stock Exchange proposed a reduction in its sacrosanct brokerage commissions. The cuts would apply only to orders involving more than 1,000 shares of stock. Even so, Big Board President Robert W. Haack estimated that the plan would cut U.S. brokers' total commissions about $150 million annually, or 7% of the $2.1 billion they took in last year from exchange trading. As of now, the same rates (varying with...
...Bullock: "It simply doesn't make good sense economically to give up hustling pot in order to concentrate on a car-wash or service-station job. As long as the rewards of welfare dependency or hustling exceed the income from a job, the ghetto resident is merely obeying the sacrosanct American principle of maximizing his economic gains. This fact, of course, deeply offends those middle-class Americans who are vigorously pursuing these same goals...
...work to remedy the defects at hand; as editor of the campus paper, the Daily Texan, he crusaded against the state's sacrosanct oil-and-gas industry, berating it for taking too much out of the state and putting too little back in. In the uproar that ensued, complete with suppression of his editorials, Willie became something of a local celebrity...
Most of the demonstrators probably would have been content with picketing or some other form of non-obstructive protest. That would have been acceptable. But some of the leaders were determined to take more radical action. There is nothing sacrosanct about this country's laws, but only a transcendent moral issue can justify their violation. The Administration's policy in Vietnam may be futile and indefensible, but it is not so immoral as to justify the obstruction of an individual's right of free speech and movement...
...Fogg has several pieces I would like to see placed outside," Berg said yesterday, "but I realize that the Yard is fairly sacrosanct, and we must be careful we don't fill it up with bric-a-brac. I don't want to encourage controversy...