Word: bonding
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Dates: during 1980-1989
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...measure goes through, Massachusetts could not OK any new Harvard tax-free bond offers until the University pays off most of its current bond debt--which won't happen for 15 to 20 years, O'Brien said...
Lobbyists said Rostenkowski promised key Congressmen a tradeoff: in return for backing the bond cap--whose effects would be felt especially hard in the East, which has a lot of private universities--he would back other proposals to allow taxpayers to deduct state and city taxes from federal tax bills...
...Rostenkowski seems to be telling people--say, from Eastern states where they are most concerned about these things [both the deductibility question and the bond issue]--that he will take care of them on state and local deductibility if they support this. We lost some votes that way," said Thomas Head, a senior tax lobbyist at the Association of American Universities...
...universal national service might change all that. Donating your labor is a much more substantial sacrifice than any check, no matter how large. There is something much more human about labor that creates a bond between giver and receiver. With a year of service for our government, we may not feel the government owes us something, but we probably would care a whole lot more about what our government was doing. It's only natural. You don't sacrifice a year for your government without feeling you have a stake in it somehow...
Across the Soviet Union the scene is being repeated as people discover that their national tipple is harder to buy. The ability to consume large quantities of alcohol and stay upright was long regarded as a sign of manhood, a badge of fraternity in a centuries-old bond of suffering. But no more. Last May, Soviet Leader Mikhail Gorbachev introduced laws restricting the sale and production of alcohol. Almost overnight the authorities began a major campaign against a problem that is listed as the third most common ailment in the country, after heart disease and cancer...