Word: sec
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Dates: during 1950-1959
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...Wall Street and leading industrialists fought the bill with such fervor that Texas Democrat Sam Rayburn called their opposition "the most powerful lobby ever organized against any bill which ever came up in Congress." Last week, as the Securities and Exchange Commission celebrated its 25th anniversary, the SEC was as accepted in Wall Street as the Stock Exchange, got due credit for helping raise the standards of stock trading and corporate financing to the highest in the world. But there were still complaints. They were not against the SEC's regulations; they were against the agency's delays...
Underlying the SEC's new problems is the fantastic growth of the U.S. stock market. From a value of $34 billion when the SEC began, stocks listed on the New York Stock Exchange are now worth nearly $350 billion. In the past seven years alone, the number of shareholders has doubled from 6,000,000 to 12,500,000. New corporate issues, which amounted to only about $400 million in the 1930s, now total more than $16 billion annually...
...year-old blonde gripped the starting block with her toes, inhaled deeply, and hit the water at the gun with long, smooth strokes. When she flashed home last week in 4:55.9 for the 400 meters, Chris von Saltza of Saratoga, Calif, had broken her U.S. record by 2.2 sec., neatly finished the job of turning Chicago's Pan-American Games into a one-girl swim. In all, Chris carried off five gold medals: she won the 100, 200 and 400 meters, was a member of the winning team in the 400-meter freestyle relay and the 400-meter...
...make her 400-meter victory even sweeter, Chris beat her great home-state rival, Berkeley's husky, 17-year-old Sylvia Ruuska (TIME, Mar. 9) by a full 7.5 sec., established herself as the most promising U.S. freestyler in years. Even so, Chris is still far from her peak. A leggy 5 ft. 10 in., 141 lbs., she is still filling out, should be faster yet in the Rome Olympics next August against the great Australians. Beyond that, her future seems unlimited to her coach, George Haines. "If Chris can keep interested in swimming, she could hit fantastic marks...
Under her unorthodox rig, Storm sailed fine, both on and off the wind. She finished 3 hr. 18 min. 26 sec. behind the scratch boat. But with the extra four hours' handicap, Storm won handily, beat the fleet on corrected time...