Word: clouts
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Crimson catcher Pete Varney broke the Harvard career homerun record Tuesday with his two-run clout against Springfield. Varney, who set a season homerun record last year with ten HR's, has 14 career clouts...
...community action is in bad odor, shrewd advocates of an antipoverty program will at least recognize the role of grass roots support. They will see the state government as more than the Governor and his planners. The fiscal restraints and constitutional restrictions on the poverty program reinforce the political clout of the state legislature. Suburban and rural legislators must be given an early vested interest in the design of the antipoverty effort. If not, their sniping and buffeting could make it an easy political target. As it is, they will have to answer for the state functions which invade...
...national priorities and would endanger the environment-the congressional decision to kill the aircraft demonstrated a surprising indifference to presidential pressure. Representatives, especially, are attuned to political currents at home, and it is obvious that, at least at the moment, they do not fear the grass-roots political clout of Richard Nixon...
Whatever the legal outcome, the ultimate result is likely to be some sort of political compromise. The U.S. system operates best with what the Pennsylvania court called "harmonious cooperation" among the three branches of government. Although the Philadelphia case gives courts some unexpected financial clout, the city council will hardly give up the purse strings. It can always force the court to go to court again if it wants more money than the city is willing to give...
...Penphil's growth and continued existence, said the congressional report, was credit an "an unusually favorable basis" provided by the Chemical Bank. In deference to the clout Bevan and Hodge wielded at Penn Central, a major customer of Chemical, the bank loaned Penphil more than $1.8 million over seven years. Until last June, the investment group paid the prime interest rate, which is generally reserved for the most credit-worthy blue-chip companies. Nor was Penphil required to leave a compensating balance-usually 20% of the loan- practice that is normal for almost all corporate borrowers. Charged the report...