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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...

Author: /time Magazine | Title: THE CO-OP TAX DODGE | 2/15/1960 | See Source »

...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...

Author: /time Magazine | Title: THE PRESIDENCY: Man of the Year | 1/4/1960 | See Source »

France Alone. Fifteen months ago, France's De Gaulle opened his demands that NATO have responsibility for coordinating Western policy all around the world. Instead of confining itself to averting Soviet aggression in Europe, he argued, NATO should bind its members to support one another's interests everywhere-and specifically to support France in revolt-torn Algeria. To frame common NATO policy, De Gaulle suggested the formation of a three-power superdirectorate composed of the U.S., Britain and France...

Author: /time Magazine | Title: NATO: The Indispensable Argument | 12/28/1959 | See Source »

...deeply probed, never really come to grips. Something essential, whether cumulative small detail or a big scene, is missing. A climactic moment, such as the mother's refusing her son's deeply felt anniversary gift, half-sacrifices character to plot. The silver cord does not really bind Inge's story...

Author: /time Magazine | Title: The Theater: New Play on Broadway, Dec. 7, 1959 | 12/7/1959 | See Source »

...killers had left no clues behind. The cord and tape they used to bind and gag their victims were stock items that could have been purchased in any town in the U.S. There were plenty of fingerprints around, but the house of the busy, friendly Clutters had been "like a railroad station," as a neighbor put it, and the prints could have belonged to any of numerous visitors. One thing seemed certain to the Clutters' friends and neighbors: so methodical a crime could not have been committed by strangers who came upon the farm by chance. "When this...

Author: /time Magazine | Title: National Affairs: in Cold Blood | 11/30/1959 | See Source »

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