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...loss." Then he explained the McGovern practice of accepting a loan and putting aside one-fourth of gifts to begin repaying the loan within two weeks. (If the loan is not repaid, it is considered a gift, not a tax-deductible loss.) That night McGovern picked up $50,000???but his aides had hoped...
...present flow of narcotics to the West is capable of supporting a savage rise in consumption?and with it, savage rises in crime, in crippled lives and in deaths. Hard statistics are hard to come by, but the best Government estimates put the U.S. heroin-addict population at 560,000???ten times the level of 1960 and almost double what it was only two years ago. On the average, a U.S. addict spends $8,000 a year to support his habit; in New York City, with an addict population of more than 300,000, as much...
...first book on chess appeared more than four centuries ago. Since then, the number of titles (Computers, Chess and Long-Range Planning; 1,234 Modern End-Game Studies; The Psychology of the Chess Player) has grown to nearly 20,000???or reportedly more books than have been written about all other games combined. There has been a lot to write about. One study of the qualities that make a good chess player, for example, shows that contrary to popular opinion, imagination and vision are more important than memory and concentration. Another study by Psychologist A.F. Cleveland concludes that "a considerable...
...poor. Actually, property tax rates tend to be higher on modest homes than on mansions. A 2% tax on a house assessed at $50,000 will yield $1,000. A 10% tax would be needed on a house assessed at $10,000 in order to raise that same $1,000???and a town filled with $10,000 homes may need more revenue for such services as sewers and fire protection than a suburb of stately homes. Favoritism in assessments, overly generous exemptions for business, and other abuses magnify both the inequity of the tax and its inefficiency as a revenue...
...more. The recession may be just about over in the marketplace, but its effects linger on the nation's campuses. The largest graduating class in history?an educated army of 816,000???is entering America's certified credential society and learning to its sorrow that a degree is no guarantee of a suitable job. Like the dollar, the diploma seems to have been devalued. At Boston's Northeastern University, a sign in the placement office reads "Grave New World...