Word: equalizers
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Dates: during 1990-1999
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...morally obligated to come out of the closet (when we can), to assert vocally our sexuality and to demand the equal rights and public recognition (through marriage and military service) that we are entitled to as citizens. We have the opportunity to live as quiet homosexuals only because more "noisy" queers have pushed the left farther left and created room for us in the center...
...tone of the memo makes the task force look like a calculator. Punch in some numbers, put in an equation and press the equal sign," he said...
Through something called swap funds, also known as exchange funds, Wall Street has divined a way for some overly concentrated investors to trade one stock that has risen for a basket of stocks of equal value--avoiding any immediate capital-gains tax. A crush of financial firms, including Banker's Trust, Salomon Smith Barney, J.P. Morgan and Donaldson Lufkin Jenrette, are launching swap funds right now. They aren't entirely new. But Congress took a whack at limiting them two years ago, and they're resurfacing with a new look...
Here's how they work: investors contribute their appreciated stock to a limited partnership in exchange for a proportional interest in it. After seven years, the partnership dissolves and each partner redeems his interest "in kind." That means partners are given equal amounts of all the stocks in the fund. It's a nifty way to launder, say, 50,000 shares of General Motors into about 500 shares each of 100 different companies without having to sell and pay an immediate tax on the capital gain...
...capacity until state regulators grant certification. "Radioactive wastes will be a lot safer here than sitting around at old bomb plants," said ROBERT NEILL, director of the Environmental Evaluation Group, a watchdog organization. The debris, mostly plutonium-tainted clothing, tools and sludge, will be lowered a distance equal to the height of two World Trade Centers into a rock tomb hollowed from a salt formation. Gradually the walls will collapse, burying the refuse snugly, the EPA hopes, for 10,000 years. That's less than the radioactive half-life of plutonium, so elaborate barriers with Stonehenge-like giant granite monuments...