Word: function
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Dates: during 1960-1969
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THOUGH Wall Street has long awaited and yearned for a cut in margin requirements, last week's move by the Federal Reserve Board set off a lively round of debate about the nature and function of one of the Street's most complicated safety valves. To many Wall Streeters, the cut from 90% to 70% seemed too little, too late. New York Stock Exchange President Keith Funston called it a "step in the right direction," but urged a bigger cut to "a more normal rate." Though most welcomed it, some brokers feared that the cut, coming when...
...Thus, many Wall Streeters believe that when the Fed says that credit regulation is its only motive, it is telling only half the story. Says Luttrell Maclin, partner of Paine, Webber, Jackson & Curtis: "The Fed became worried about declining business and stock prices. Its action is no longer a function of stock market credit but a veiled effort to fiddle with prices...
...genes they contain. Mongolism has recently been shown to be associated with a supernumerary chromosome: victims have 47 instead of the normal 46. Some cases of intersex abnormalities have one or even two extra female (X) chromosomes. Within the chromosomes, a defective gene may fail in its function because a single fraction of its nucleic acid molecule is aberrant and inutile. The time may come, suggested the Rockefeller Institute's Geneticist Edward L. Tatum, when medical men will be able to replace a defective gene with a specially tailored nucleic acid molecule, or to boost a patient...
...program ended with a discussion by Ijaz Husain, Barrister-at-Law, Pakistan, on "The Constitutional Breakdown in Pakistan." He outlined the history of the creation of Pakistan, stressing the importance of English occupation. Then speaking on the existing constitutional situation, he indicated that--until Pakistan realizes it cannot function as a religious state--it will never be able to pursue policies of a democratic state...
Often the Marquand hero does not try to break out but to break in. He is the middle-aged American who is fighting, says Alfred Kazin, "not for freedom from convention, as George Apley did, but for conventions-standards of belief and behavior-that will allow him to function as a human being in a world where beliefs are shared.1' He is troubled by the materialist itch of American life, whether he is Charley Gray, the nice poor boy who wants to be a nice rich man but still plays by the rules, or Willis Wayde, who has torn...