Word: sec
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Dates: during 1980-1989
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...sec. TV spot, the Republican National Committee asked a New York City agency for a model who was "big and burly" and "personified Democratic politicians of the postwar era." The agency gave the assignment to Ed Steffe, 72, a character actor and self-described Wendell Willkie Republican from Manhattan. In the commercial, which was previewed in Washington last week, Steffe, wearing a white wig and identified as a Congressman, sits behind the wheel of a long, black Lincoln Continental with registration plates marked DEMOCRAT. As the car sputters to a stop, an announcer declares: "The Democrats...
...began when Businessman David Mugar tried to gain control of the broadcaster's Boston TV station and hired a former Watergate attorney, Terry Lenzner, and Washington Post Reporter Scott Armstrong to investigate General Tire. The team uncovered evidence of a number of unsavory practices, which led to the SEC's consent decree...
...keeping the Government off the backs of the people, Douglas did not mean the people who run Big Business. He was a classic New Deal liberal. As chairman of the SEC from 1937 to 1939, he responded with a resounding "Hooey!" to stock-market leaders who insisted they could regulate themselves. Appointed to the Supreme Court in 1939 by President Franklin Roosevelt, Douglas brought with him a thorough knowledge of corporate finance that he later used to shape many little-known but far-reaching decisions affecting the Government's power to regulate the economy...
When Douglas was nominated to the Supreme Court after teaching at Columbia and Yale and running the SEC, his only opposition came from Senators who, astonishingly, thought he might be too conservative. Congress soon | learned otherwise. Three times Congressmen wanted to impeach him: in 1953, when he temporarily stayed the executions of Julius and Ethel Rosenberg for giving the U.S.S.R. atom bomb secrets; in 1966, when the thrice-divorced Douglas, then 67, married Cathleen Heffernan, then 23, and was accused by Kansas Republican Robert Dole of using "bad judgment from a matrimonial standpoint"; and in 1970, when House Minority Leader...
...water to champagne? That's why the midnight stroke of 1980 was also the signal for 1,648 runners to sprint away on an 8-km race through New York City's Central Park. Not surprisingly, the leader who cut the floodlit tape in 23 min. IS sec. was Speedster Bill Rodgers, who has won his home town's Boston Marathon three times and the five-borough New York Marathon four. Said he: "If you've got 1,600 people running with you, it's a real good time...