Word: snarls
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...paperwork snarl-by a considerable margin the worst in Wall Street history-began when President Johnson's Viet Nam peace moves sent stocks on a spring spree. Since April 1, Big Board trading has averaged 14 million shares a day, up 40% from the first quarter. The smaller American Exchange has been hit by a 50% increase to 7,500,000 shares a day. In consequence, brokers have been unable to deliver stock certificates to customers within the allotted five business days after they are bought or sold. Compounded by increasing clerical errors, the discrepancies and slippages by last...
...GHETTOS are now leading the movement to reform urban education, but the awakening snarl of the core-city has obscured the growing power of a very different type of reformer: the educational academic. Though ghetto residents hold no affection for their cloistered allies, the two communities are linked by the logic of reform. Harried politicians run from encounters with angry ghetto voters to cry for help in the arms of academics. This winter's Harvard Educational Review lets the layman eavesdrop on what those experts are telling each other, and what they are probably telling their worried political friends...
...first month volume rose 62% on the American Stock Exchange and went up 20% on the New York Stock Exchange. Trouble is, the exchanges and the back offices of brokerage firms have not expanded and automated fast enough to keep up with the increase. In the resulting snarl of tape and paper, countless buyers have either received the wrong confirmation slips and stock certificates or failed to receive any at all. As they struggle to straighten out the mess, brokers earning upward of $50,000 a year have had to spend as much time doing the work...
Termites & Wine. When Liberian President William V. S. Tubman's sixth inauguration ceremony produced drowsy Monrovia's quadrennial traffic snarl, ambassadors fumed in their stalled limousines. But not Humphrey. Glowing in white tie, top hat and tails, he footed featly through the dust to get to the palace on time. Buses broke down bearing his entourage of 60 (including Wife Muriel, Supreme Court Justice Thurgood Marshall, a personal photographer, and an official in charge of "the box" of codes needed to respond to a thermonuclear war in case Lyndon Johnson should die). Soviet Diplomat Alexander Alexandrov found...
...generous act. They are animals, but first of all they are theatrical animals. They hold the stage like a military position. An actor long before he became a playwright, Pinter writes scenes with which actors can rivet an audience's attention. His stage animals circle and sniff and snarl and claw at each other, and the odor of vitality permeates the playhouse. These animals have been released from the cages of the poor; they are nasty and virulent over trifles, since the little they have to lose is their all. In this asphalt-jungle world, all trust has been...