Word: interims
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...Willard's Hotel," Carl Sandburg once wrote, "more justly could be called the center of Washington than either the Capitol or the White House or the State Department." In August 1923, in fact, it did serve as an interim White House while Calvin Coolidge waited for Warren Harding's widow to vacate the executive mansion two blocks away. Lincoln lived at the Willard with his family before the 1861 inauguration. U. S. Grant would shamble over in the evening to smoke cigars and glower from the armchair set aside for him in a dimly lit corner...
...only interim paper to survive, the Detroit American, fanned the hysteria. Converted from a Polish-language daily to an English one in April, it has built up a claimed 178,500 circulation by concentrating on crime. "Crummy vicious street punks continued to rob and beat pedestrians over the weekend," began a typical story. Another told of a Miami socialite who had learned how to shoot after being robbed four times...
Rich on $1,167 a Year. With its exploding population (increasing 3.4% a year) and depressed economy, Ecuador indeed needs action. "A rich man here," says Ecuador's retiring interim President, Otto Arosemena, "is poorer than a porter on Wall Street." The 2% of the population that the government considers to be rich has an annual per capita income of only $1,167. Most of the country's 5,400,000 people-40% Indian, 50% mestizo and 10% white-live in abject poverty, either scratching out a living in the scabrous, rock-strewn Andes or drifting into...
...supporters in Ecuador's 132-member Congress. But he can at least take comfort from the fact that the country's 20,000-man army appears for the time being to have lost its zeal for rule. Rather than subjecting Ecuador to another debilitating series of interim governments that lack both power and popular support, the army plans to give Velasco a fair chance, on the theory that an unpredictable government under him may be better than no popular government...
Itself under pressure from the Justice Department, which questions the exchange's right to set commissions in the first place, the SEC wants the Big Board to come up with "interim" reforms. Specifically, the Big Board can either trim its rates on transactions of more than 400 shares or do away with minimum commissions on deals involving $50,000 or more, leaving it to brokers and high-volume customers to work out fees on their own. Whatever the exchange does, it faces its next battle next month, when the SEC opens long-awaited hearings on permanent changes in commission...