Word: deferring
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Special rules. Some provisions of the plan are designed to squeeze more taxes out of industries thought to be treated unduly mildly now. Banks and other financial institutions generally would have to pay more. For example, they could no longer defer tax on money added to reserves to guard against future loan losses. For the most part, they could deduct only actual rather than estimated future loan losses, and then only in the year that the loans prove to be uncollectible...
...become party leader, to maintain the power balance in the leadership until a younger generation was ready to take over. Within two months of assuming power, Chernenko secured the additional titles of President and chairman of the Defense Council. They carried more honor than substance: Chernenko was said to defer to Foreign Minister Andrei Gromyko on diplomatic matters and to defense leaders on military questions. Indeed, Gromyko sometimes appeared so confident of his power that he would interrupt Chernenko during meetings with foreign delegations...
...T.W.U. talks collapsed when union negotiators refused to accept a company proposal calling for hefty cutbacks in pension and health care plans, along with 5% annual wage hikes through 1987. Union members have not had a raise since they agreed to defer a 14% pay increase in 1980. "I expect a long strike," said Michael Bakalo, a T.W.U. vice president. Securities analysts noted that the airline has some $400 million in cash on hand that it could use to cushion the impact of a lengthy walkout. But a protracted struggle could severely harm both the troubled airline and the strikers...
Those who argue that Harvard cannot be a powerful force for change might recall the catalyzing effect of the academic and student community's opposition to the Vietnam war. And those who would blithely defer to the fade at government for leadership in the fight against apartheid may ask themselves why international figures like Nobel Prize winner Bishop Desmond Tutu and the Rev. Jesse L., Jackson came to Harvard to condemn investment in South Africa. Dante wrote that the hottest places in hell are reserved for those who remain neutral in a time of moral crisis. In South Africa...
...premise of Pack of Lies could have created an excellent IV movie. An inspector from Scotland Yard, a Mr. Stewart (Patrick McGoohan), asks a suburban London couple if they might lend their upper floor for a bit of police surveillance work. Bob Jackson (George N. Martin) is willing to defer to the authority of Her Majesty's Representative, but his wife Barbara (Rosemary Harris) is not so sure...