Word: sales
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Dates: during 1960-1969
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...school in Southern California have taken pot doesn't know what he's talking about," insists Caldwell Williams, guidance counselor at Los Angeles' University High. Cub scouts in San Francisco discuss the pros and cons of pot with savvy, and in nearby San Rafael a marijuana sale took place right in class before the eyes of the astonished sixth-grade teacher. Nor is the increase in pot use limited to California. When the headmaster of a Colorado boarding school asked students who were using marijuana to admit it, one-third of the school trooped through his office...
Under the minimum-rate setup, member brokers of the exchange are required to charge investors no less than the fee prescribed by the exchange for every purchase or sale of securities. The actual amount varies with both the price of the stock and the number of shares traded. For example, a buyer must pay $44 in commissions to get 100 shares of a $50 stock, or $47 for 100 shares of an $80 stock. The Justice Department maintains that this amounts to illegal price fixing. Instead of rigid minimums, it wants free competition among brokers for setting the commission...
...football shoes and natty street clothes, Joe Namath, 25, swinging quarterback of the New York Jets pro-football team, cuts a striking figure. Come fall, he will be positively dazzling. Seems a New York furrier and Jets fan has whipped up a $5,000 double-breasted mink coat for sale to the passer. His left knee hurts too much for play these days, but he managed to sweat out the final fitting in 85° temperature at the Jets training field...
Died. George P. Larrick, 66, Commissioner of the Food and Drug Administration from 1954 to 1965; of a heart attack; in Washington, D.C. As head of FDA, Larrick fought for stiffer regulations of food additives, in 1961 prevented the sale of thalidomide because the drug was believed to cause deformed babies, and in 1963 cracked down on the sponsors of Krebiozen, whose claim that their medicine could cure cancer was proved groundless after extensive tests...
...Moreover, the Securities and Exchange Commission virtually dictated some sort of crackdown. Two weeks ago, as part of a stern warning that dealers may be violating the antifraud provisions of federal securities law if they knowingly trade shares they cannot deliver promptly, the SEC suggested that a possession-before-sale policy would be "appropriate...