Word: counciling
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Dates: during 1940-1949
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Benjamin H. Balkind: CRIMSON business editor, Union Dance Committee, Debate Council provisional, Dunster Dance Committee...
Joseph A. Broido: Jubliee Committee, Hillel Council, Redbook, freshman football managing, freshman intramurals, jayvee football...
While a higher gold price would probably have little effect on domestic prices, some thought that there was still a chance that it might give the U.S. another slight whiff of inflation. Dr. Edwin G. Nourse, recently resigned member of the President's Council of Economic Advisers, thought that "any tinkering with the dollar at this moment of delicate domestic and international adjustment would be one of the surest roads to demoralization and possible disaster...
...Soon other colleges were buying not only real estate but commercial businesses as well. So many U.S. stores and other enterprises have sold their property to tax-exempt institutions* that the Treasury is now losing an estimated $1 billion a year in income taxes. A survey by the American Council of Education shows that about 40% of all university and college endowment funds are now invested in such private enterprises, compared to only 20% before...
...Treasury's biggest headache has come from deals where tax-exempt institutions acquire not only the property, but the actual business as well. The Council found that 159 colleges and universities are buying commercial enterprises out of endowment funds or with the tax-exempt earnings of businesses they have taken over. Example: New York University takes all the profits from the C. F. Mueller Co. (macaroni, spaghetti & noodles), Ramsey Corp. (piston rings), the $3,300,000 American Limoges China Inc. and the $35 million Howes Leather Co. On their earnings the companies would be paying all told an estimated...