Word: speedups
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...speedup record of the Los Angeles County Superior Court is any guide, the problem is far more soluble than it seems. The Los Angeles court and its eight branches is the largest of its kind in the U.S.-a $10 million-a-year operation with jurisdiction over all of the mammoth county's felony cases, plus probate, domestic relations and civil suits involving claims exceeding $5,000. Each year the court gets about 10,000 more cases than the year before; last year the total hit 180,000. By 1964 the court was flooded with an average monthly backlog...
Guaranteed Preparation. The big change is all due to a few surprisingly simple reforms devised two years ago by the then presiding judge, Kenneth N. Chantry, the current presiding judge, Lloyd S. Nix, and the court's executive officer, Edward C. Gallas. The prime principle behind the speedup is that the judges need no longer waste everybody's time granting lawyers postponement after postponement as they claim a need to "discover" more facts about an opponent's case, get themselves absurdly scheduled to appear in several different courts at once, or put forward any old excuse...
...lenders anywhere seem willing to take on new corporate customers, and many now insist that companies keep hefty cash balances on deposit if they want credit. It is getting harder to keep those deposits up. Last week corporations made their quarterly income tax payments, and because of the speedup in collections this year, the bill came to $8.7 billion, nearly 17% more than last year. Partly to pay their taxes, and partly to finance expansion plans, companies abruptly reduced their long-term "certificates of deposits" in commercial banks by nearly $500 million, thereby diminishing the resources that banks have...
...hike before November. Now it is probably too close to election for him to risk a tax increase, unless a major expansion in Viet Nam spending leaves him no other choice. Instead, the President has fought inflation by using the old jawbone technique and several new devices, including the speedup in withholding taxes. Most important, he has depended on Chairman William McChesney Martin and the Federal Reserve Board to cool off the economy by tightening credit and raising interest rates...
...hopes to revitalize Parliament, which had become little more than a rubber-stamp assembly, receiving bills only after the Cabinet had put them in all but final shape. With a majority of his own, Klaus intends to use Parliament to shape his legislative program. Tops on his list: a speedup of negotiations for Austria's associate membership in the Common Market, incentives for greater economic growth and better public housing...