Word: worthlessness
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Career. A lawyer, he wrote for the underground paper // Popolo during World War II. Arrested by the Germans, he was-ironically-released within three days as a worthless catch. On the day of Rome's liberation, he joined the new five-man national directorate of the Christian Democrats. He served in seven Cabinets under Italy's Premier Alcide de Gasperi, wrote the Scelba law, formally banning Fascism, and for six years as Interior Minister directed national security against Communist insurrection. When he first took over, the police were so shoddy that Lawyer Scelba exclaimed: "If I were Communist...
After hearing this, FCC Examiner Herbert Sharfman announced that he considered her testimony "completely incredible"and worthless. Last week in Washington, a federal grand jury indicted Marie Natvig on nine counts of perjury. None of them, however, had anything to do with the main issue of the Lamb case. The indictment merely charged that Mrs. Natvig had perjured herself when she 1) charged FCC Lawyer Powell with "coercing" her into lying, and 2) denied she had told the FBI that she had been...
...week, the Missouri Pacific Railroad moved a step closer to reorganization and Bob Young a step closer to owning a sizable chunk of MoPac's new common stock. Since MoPac went bankrupt in 1933, its common, 49% held by Young's Alleghany Corp., has usually been considered worthless. Four times the Interstate Commerce Commission tried to reorganize MoPac, but because each plan included bond or preferred stockholders and excluded common shares, Young blocked the moves in the courts. Finally, Young and MoPac's trustee compromised, agreed Young would have 10% (biggest single block) of the new common...
Saturation Point. In Fresno, Calif., ex-Convict Manuel Eurich, 35, was sentenced to from 1 to 14 years in prison despite his plea that he had written worthless checks only after getting drunk in a bar while sitting out a thunderstorm when he was on his way to a meeting of Alcoholics Anonymous...
Only 20 months ago, the Securities & Exchange Commission and the Ontario Securities Commission signed a solemn covenant to put an end to the wild-eyed promotion of worthless Canadian mining stocks in the U.S. Under the agreement, Ontario said it would force its stockbrokers to abide by SEC laws when peddling stocks in the U.S.; if they failed to do so, they would be subject to extradition and trial in U.S. courts. Last week Chairman O. E. Lennox of the Canadian commission announced that Ontario had dropped the deal as "a dismal failure...