Word: taping
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Dates: during 1970-1979
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...staff, hatchet man, fixer and right arm. The conclusion emerging from a study of both manuscripts is that much of Irving's book was lifted from Phelan's writings. Irving could have come into possession of the Phelan version, along with 150 pages of the transcript of tape-recorded interviews with Dietrich, some time in the last year. Then, with the help of a researcher, his own imagination, and information supplied by current or former Hughes associates, Irving concocted The Autobiography of Howard Hughes...
...working on a book about Hughes in Los Angeles during 1969. Jim Phelan, his collaborator, is a widely experienced newspaperman and investigative reporter who has written five magazine articles on Hughes. Says Dietrich: "Phelan would come up to my house in Benedict Canyon and I would dictate to his tape recorder. One hundred hours of tapes. Then he digested this and wrote down a lot of questions, and I dictated a whole batch of memos to my secretary...
...regional U.S. exchanges be tied together electronically to form, in effect, a single central market. At present, the same stock may be traded on exchanges in New York, Boston, San Francisco and Chicago, and each exchange will publish information on its prices and trading volume on a separate tape that mostly goes to brokerage houses in the immediate area. As a rule, an investor buying or selling stock in New York, say, will see only what is happening to that stock on the New York exchange and will have no knowledge of how actively it is trading in the other...
Under the SEC plan, all trades in listed stocks on any exchange or in the third market would be reported continuously on a single unified tape that would be available all over the country. Committees made up of SEC members and securities men are now studying ways to set up and operate such a complex tape system and are expected to make their initial set of suggestions in three months...
...unified-tape and negotiated-commission proposals into effect on its own, but it may need congressional approval for its recommendation on institutional membership. In Congress, however, its proposals are already under fire. Senate Banking Subcommittee Chairman Harrison Williams and House Banking Subcommittee Chairman John Moss agree that the SEC proposals are too wishy-washy, though for different reasons. Williams wants the limit on negotiated commissions lowered to $100,000; Moss had hoped that the SEC would flatly forbid institutional membership on any exchange. Both plan to hold hearings, out of which may come a congressional program for restructuring the securities...