Word: allowances
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Dates: during 1970-1979
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...years the national debt has gone up from $400 billion to $800 billion. "Try to get a ton of steel into France and see what happens," he taunts. "If the French steel industry doesn't want it, the government will automatically back them up." America, he says, should not allow other countries to push our economy around or subject...
...generally conservative. He favors the SALT II treaty only if considerable new money is allocated for cruise missiles and other weapons, advocates a federal tax cut of $50 billion to $100 billion, opposes national health insurance, pushes strongly for nuclear power and the loosening of pollution laws to allow more use of coal, favors deregulation of oil with a provision that profits be plowed back to in crease production, and opposes gun control. His coup in luring right-wing Fund Raiser Richard Viguerie away from the Crane campaign has been important not so much for the money Viguerie might bring...
With fees ranging from one-third to 40% of what damage payments he wins, Shernoff is understandably sensitive to suggestions that he and his clients are reaping windfalls. With the California Trial Lawyers Association, he is pushing for a bill in the California legislature that would allow judges to give 25% of whatever punitive damages are awarded in bad faith cases to any group or agency established as an insurance industry watchdog...
...business, Citizens last year earned a walloping 19% after taxes on revenues of $108 million from sales of electricity, water, gas, telephone, and sewage services to some 500 communities in ten states, from Hawaii to Vermont. The company is helped significantly because Rosenthal persuaded the IRS in 1955 to allow it to pay dividends in tax-free Citizens stock instead of cash (only when they sell the stock do the owners pay capital gains taxes). This unique benefit-the IRS soon after forbade it to other firms-allowed Citizens to raise capital without going to market often and paying heavy...
Only about half a dozen federal judges have so far refused to allow jury trials, using as an excuse a lone footnote in a 1970 Supreme Court decision suggesting that the Seventh Amendment right to a jury may be limited by "the practical abilities and limitations" of jurors. But earlier this month U.S. Supreme court Chief Justice Warren Burger joined a growing number of bench and bar leaders who question whether modern juries can understand, much less fairly decide, complex, protracted cases...