Word: assets
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...reduction in the capital-gains tax on profits from the sale of stock or other property: the maximum tax, currently 28%, will go down to 20%. Late in the week, House-Senate conferees dropped a provision that would have decreased from a year to six months the time an asset must be held before qualifying for long-term capital gains treatment. That could have encouraged investment in common stocks at a time when high interest rates are luring money from the stock market...
...their colleagues abroad that a weak Begin will be unwilling to take risks for peace and will be even more aligned than now with the hard-line religious parties that would have to guarantee his majority in the Knesset. But the Reagan Administration also views Israel as a strategic asset, as Secretary of State Alexander Haig puts it, in forming a bulwark in the Middle East against Soviet influence, an aim that concerns the Administration more than reviving the Camp David talks about Palestinian autonomy. Administration officials believe that Peres would be easier to deal with, but nonetheless respect Begin...
Months ago, as Brokaw approached the renewal date of his contract, he began giving his NBC bosses the jitters by holding earnest discussions with rival networks CBS and ABC. NBC, lagging in third place in the superheated evening-news ratings race, could ill afford to lose an asset like Brokaw. Just how far the network was willing to go to keep him became clear with last week's announcement that Brokaw will take over John Chancellor's anchor slot on NBC's Nightly News. The precedent-shattering deal was reportedly for as much as $15 million...
Murray's greatest asset, of course, is that he makes the audience feel like laughing, and that, as any comedian will tell you, is half the ballgame right there. Jack Benny could send his audience into hysterics with one squeaky note on his violin. Johnny Carson can turn a bad joke into a kneeslapper with a single bland stare, and Murray can send up lines so well by just standing there with that bemused, half-dopey smile on his face, that by the time he utters a word, the audience is ready to laugh at whatever he says...
...wonder about the benefit of high interest rates. Admittedly, we can place our money in ready asset accounts and garner more interest. Meanwhile, we cannot afford to purchase a home because of the 16.5% prevailing mortgage rate...