Word: stricter
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...state attorneys general last week voted unanimously to adopt merger guidelines that are stricter than those used by the Justice Department. Many states may now try to block some deals, no matter what the Federal Government says. Still, any legislation and legal action to curb megadeals will take time. Until then, says Wallace Turner, a broker at Manhattan-based Smith Barney, "takeover plays are alive and well." And plenty of stockbrokers, investors, traders and dealmakers intend to get in on the action while it lasts...
...fortress of ideas. He has delivered a series of scholarly speeches on foreign affairs and industrial policy. He opposes restrictions on trade like tariffs and quotas and advocates a restructuring of Third World debt. In a speech last month, Hart proposed an overhaul of the U.S. education system featuring stricter accountability for teachers and offering educational retraining for adults. To help finance this multibillion-dollar proposal, he would impose a $10-per-bbl. fee on imported oil and make cuts in military and agriculture programs. Although Hart had one of the most liberal voting records in the Senate...
...improve American business competitiveness. The broad thrust of the Administration's approach will be unveiled in the President's Jan. 27 State of the Union address. Few of the measures, however, will bear directly on the central problems of the trade issue. They largely embrace such themes as stricter enforcement of antidumping laws and new definitions of monopoly that will take into account shares of international as well as domestic markets...
...automatically take effect on Feb. 5, a month after it was presented to the legislature. But the Senate, for one, has opted for bluster and the appearance of self-sacrifice. This week Majority Leader Robert Byrd promises to put the raises to a vote. Byrd also hopes to impose stricter limits on honorariums that can boost Senators' incomes by more than $30,000 a year...
Critics counter that the FAA's stricter reporting system may just be catching up to the frightening reality in the skies. Moreover, the FAA has loosened another requirement: until 1985 planes that passed within 1,000 ft. of each other vertically were considered too close, and the incident had to be reported; now the vertical-separation standard is just 500 ft. Under an accurate system, this change should produce fewer, not more, close-call reports. Some pilots object to this reduction in the near-miss distance, noting that if two airliners are six miles apart but headed toward each other...