Word: cutoffs
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Dates: during 1960-1969
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...distaste for capital-gains taxes of up to 25%, the swap enables him to pool his shares with similar owners of other stocks and profit from diversification. So successful has the idea been that 26 swap funds are now operating, and 13 more were registered before the cutoff...
...securities worth $25,800,000. Berger's idea has been widely copied. Boston's Vance, Sanders & Co. operates four funds currently worth $311.2 million. Pittsburgh Fund Manager John F. Donahue, 42, a West Point graduate and onetime SAC pilot, will, with six new funds registered before the cutoff date, soon be overseeing 13 swaps with a total of $500 million in them...
...Warned the board of education in Chicago, where only 13% of the city's 500,000 pupils attend integrated schools, that it too may face a cutoff in federal funds. At the same time, HEW teams were studying patterns of segregation in 45 other cities, a signal that Gardner may be preparing to take action in the hypersensitive area of defacto segregation...
...selecting the middle-group elite reformed. Next fall a few chairs in each of the accelerated courses will be saved for students who write dazzling first papers in regular sections. This year talented freshmen writers who didn't take the AP test or failed to make the arbitrary cutoff scores had no chance to get into the middle-group seminars...
...cutoff was aimed at further damaging Gibraltar's already dented commerce. Due to earlier harassments, the colony's tourist-based economy has declined 40% in the past two years. Now anyone who wants to visit Gibraltar will have to either fly in, cross the border on foot, or come by sea. Foodstuffs that previously were trucked in from Spain now will have to come by boat from Morocco. Already there is a shortage of fresh milk. Declared Gibraltar's colonial Governor Sir Gerald Lathbury in a radio broadcast to the colony: "We have reached a milestone...