Word: depending
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Dates: during 1980-1989
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...taxpayers to exclude from taxation 60% of the long-term profits they make when they sell stocks, real estate and other assets. Instead, such gains would be taxed as ordinary income. Doing away with the capital-gains break could hurt entrepreneurial companies like Silicon Valley's electronics upstarts, which depend on venture-capital financing. Reason: those potential backers would lose an important incentive if their profits were taxed at a higher rate. Says California Senator Alan Cranston, who plans to fight the committee's change: "It would put a tremendous obstacle in the path of the innovative young...
What is needed is to replace both bodies with a single judiciary panel whose decisions can be appealed. It would allow students to appear in person and not depend on the dubious good will of a senior tutor. It would allow students to present and question witnesses. It would make its proceedings open to the public when student-defendants request it, in order to mediate between the undergraduate's privacy concerns and the community interest of an open proceeding. It would not make a bogus and unjust distinction in punishment for small-time computer hackers and antiapartheid demonstrators. It would...
...Berlin's modernistic Palace of the Republic, Gorbachev called on his allies to meet the challenge of swift economic and technological change by moving toward close and intense cooperation "on a whole new order of magnitude." Said he: "Socialism's appeal and its strength in the international arena will depend, to a decisive degree, on this...
...intermediate-range missiles. Both sides believe it is possible to reach some kind of interim agreement to reduce the Soviet and U.S. missile arsenals in Europe. On nuclear testing, however, the Reagan Administration is in no mood to compromise. Says Defense Secretary Caspar Weinberger: "If we are to depend on the reliability of our nuclear stockpile, then we must test." Partly because of midterm congressional elections and partly because of the complexity of the subjects that need to be clarified before a meeting, a summit will probably not be held until late November or early December. "Later rather than earlier...
With far fewer Americans to shuttle across the Atlantic, several major airlines will be stung by the shift in travel plans. The likeliest victims are financially struggling Pan Am and TWA, which depend on transatlantic routes for much of their revenue. Eastern Airlines has put on hold the start-up of a new route from Miami to Madrid. The reason: lack of business. Says Hal Rosenbluth, president of a Philadelphia travel agency: "I think the public tends to perceive the U.S. flag carriers as targets." The airlines most immune to the slump are national carriers of northern European countries, which...