Word: binding
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Dates: during 1960-1969
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...other tests such as limiting dividends on capital stock to 8%. If it did not meet these requirements, it was still exempt on its regular income if it was paid out to members in cash or in shares simply allocated to them on the books. Such allocations do not bind the coops, which can redeem them in cash when and if they want to, even lose the money without a comeback from members. Only when a member finally gets cash is the co-op income taxable-at the personal income tax rate...
...resurgent economic strength of free Germany posed such intolerable comparisons that Communism tripped from threat to entreaty in its attempt to reduce German influence. France's Charles de Gaulle, Man of the Year in 1958, set himself to the task of restoring French pride, tried to bind up the debilitating wounds of Algeria, chipped away at NATO's supranational foundations; but the problems raised by De Gaulle's France were at least and at last those of national purpose, not political paralysis. Just a hot breath away from the Red Chinese dragon, Japan's Premier Nobusuke Kishi...