Word: sec
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Dates: during 1960-1969
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...stock exchanges give to the big institutional investors? The answers to these and other basic questions will depend largely on the views of the Securities and Exchange Commission, Washington's watchdog over Wall Street. The times would seem to call for a tough-minded decision maker as SEC chairman. In Hamer H. Budge, the SEC has instead a tranquil, kindly administrator who has a penchant for delay. In addition, Budge last week was accused of "gross, clear, conspicuous, transparent conflict of interest...
...biggest company in the fund business. Budge eventually declined the $80,000-a-year bid, but only after pondering over it for more than two months. A Senate banking subcommittee has called on him to explain how he could justify negotiating for a job in an industry that the SEC regulates...
Budge contends that he did "nothing improper" because his personal labor negotiations were with the funds rather than with the parent I.D.S. Some Congressmen consider this distinction irrelevant. True, the SEC regulates fund management companies more closely than the funds themselves, but the funds' activities are hardly outside the scope of its concern. New Hampshire Senator Thomas J. Mclntyre noted last week that the SEC had unsuccessfully advised the Senate Banking Committee to soften the language of a bill that would limit the fees that mutual funds can charge investors. Senator Proxmire said that he was "shocked" that Budge...
Traveling at the speed of light, the signal was picked up 1.3 sec later by the huge radio telescope at Goldstone, Calif., which has a dish-shaped antenna 210 ft. in diameter. Next, the signal was relayed to Goddard Space Flight Center near Washington, D.C., where the message was broken down into its individual parts and routed to Mission Control in Houston. The astronauts' voices then traveled via ordinary telephone lines to radio and TV stations in New York for rebroadcast throughout the U.S. and the world. In one of the longest roundabout routes in the history of radio...
...history, Jackie raced his 430-h.p. Matra-Ford M580 to victories in Spain, The Netherlands and France. He lost at Monte Carlo only after a faulty drive shaft forced him to drop out one-third of the way through the race; at that point he held an extravagant 30-sec. lead. Two weeks ago, he won his fifth victory in five finishes in Great Britain's rugged 246-mile Grand Prix at Silverstone. That race gave Stewart a total of 45 world-championship points. His nearest rival, New Zealander Bruce McLaren, has only 17. With a full five Grand...