Word: moratorium
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...official punching season, lasting about six weeks from October until early December with a three-week moratorium for hour exams, is governed by strict rules set up by the Club presidents in consultation with Dean Watson. Each club is limited to a certain number of "major functions"--large formal dinners or Sunday outings that feature lunch and a traditional touch football game at a graduate member's country home. But the number of Hasty Pudding Club lunches or of small dinners seating no more than six is unlimited, and as the competition between Clubs becomes tenser, the punching chairman frantically...
...weapons test series. On Oct. 31 Britain and the U.S. have promised to join the Russians in their suspension of nuclear-weapons tests for one year, provided that the Russians show up for a political conference on nuclear-blast detection (TIME, Sept. 1). Will Russia stick to its own moratorium, declared after a heavy bomb-test series last March? Cried Moscow Radio last week: "If Britain and the U.S.A. continue to perfect nuclear weapons by means of test explosions, the Soviet Union also probably will be forced in the final analysis to resume tests...
Last week LeRoy Collins again struck a statesmanlike pose, called for "bold, creative, constructive leadership"-and brought forth a scheme for nullifying the rule of law on civil rights issues. Collins urged the U.S. Congress, in its closing hours, to pass a "moratorium" law, forbidding U.S. courts to issue desegregation orders for the next six months. Collins could well afford to spend his time advising on national civil rights policy. He has no desegregation problem at home; there is not the slightest possibility that a Negro child will attend school with whites in Florida this year...
...shares outstanding, New York Manufacturer Edward Gilbert and his associates began buying, sent the price to $77 by June. More than 280,000 shares were traded, including at least 16,000 short sales. So badly squeezed were the shorts that the exchange declared a moratorium on June 12. Fortnight ago the exchange lifted its ban on closing contracts, and the trading price jumped to $200 a share in one day. The suffering shorts asked the exchange to declare an official "corner," which would mean determining a "fair" price. The exchange declined, though it reimposed its moratorium last week-leaving...
When it came to other cures, Houser's antirecession committee came out for expansion of Government spending already under way and product improvement and price reductions by business, suggested that President Eisenhower use his influence to get a one-year moratorium on price and wage hikes. But the idea of a price-wage freeze got little support from the meeting's free enterprisers, who had no enthusiasm for urging the President to take such a direct hand in the wage and price process, even on a voluntary basis...