Word: avoiding
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Dates: during 1960-1969
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Landlord's Profits. Most mutual funds invest their shareholders' money in stocks and bonds, but U.S. Investment Fund puts 70% of its revenue into income-producing U.S. real estate. Moreover, the fund sells its shares only outside the U.S. to non-U.S. citizens in order to avoid supervision by the Securities and Exchange Commission. Last week the fund's realty holdings passed the $100 million mark as it bought Ling-Temco-Vought's 32-story headquarters building in downtown Dallas for $16.5 million. L.T.V. will lease the space it already occupies, and the fund will...
...GRAMCO as well as its customers, the location offers some important advantages. When buying, foreign investors escape the 15% U.S. interest-equalization tax. When selling their shares, they avoid U.S. capital-gains taxes. Because the Bahamas have no income tax, GRAMCO's revenue also enjoys a tax-free status...
Natural Ground. In campaign strategy, too, there is a major difference. Nixon obviously hopes for some Southern support. He plucked Spiro Agnew from obscurity at least partly to avoid offending Dixie. Like Nixon, Humphrey enjoyed heavy Southern support for the nomination. But he gave the South little in return. He ignored a Southern list of seven proposed candidates for the vice-presidential nomination and selected the man he considered best qualified of those willing to make the race...
...Time for Marching. Next day, all four were on hand for the skirmishes at Grant Park in front of the Hilton Hotel. Ginsberg had recovered his voice enough to croak and urge the hippies to avoid overexcitement. He proposed combatting the cops with the Hindu charm word Om. Caught off guard, the cops even warmed up to Ginsberg, who, after all, was trying to cool the hippies. "Look after yourself," said a plainclothesman. "There are some wild people in the park today...
...protect its executives from high taxes on immediate income, U.S. Plywood-Champion Papers, for one, has taken to offering them deferred compensation. One of the best at holding onto its executives is General Motors, which is forever shifting them into new jobs. But not even the best can avoid losing an occasional man, as evidenced when Executive Vice President Semon E. ("Bunky") Knudsen, passed over for G.M.'s presidency, quit last winter to become president of Ford Motor...