Word: exempt
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Dates: during 1950-1959
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...embezzlement of union funds, which now fall exclusively to state courts. With this kind of added strength, the Labor Department could be certain of keeping all sore spots in union business under constant attention. And, where necessary, he added, union delinquency would be met by withdrawal of union tax-exempt status, and by cutting off offenders from the life-and-death services of the National Labor Relations Board...
Sullivan contends that since one third of Cambridge is tax exempt land owned by educational and charitable organizations such as Harvard, any further city development should be on taxable land...
Most discouraging of all, Boston's soaring rates scare away the new industries which might halt the trend by bringing in new income to the city. Recently, the Prudential Life Insurance Company cancelled plans for a Boston project for this reason. Instead of industries, tax-exempt institutions have invaded the Metropolitan area, many of them serving state-wide and even nationwide interests, as do Harvard and M.I.T., for example. Boston is rapidly becoming a city of students, scientists, and humanitarians--which is fine for everyone except the tax-paying manufacturer...
...visual excitement and energy of Manhattan, transposes it into semiabstract scenes, e.g., an air view of Broadway done with splash and sparkle. With her other (and heavier) hand, she trowels on paint inches thick, won French critics' praise for a "violent, colorful art, in hard contrasts, not exempt from cold lyricism...
...Ceylon's Chelliah Loganathan, head of his country's Central Bank, urged each underdeveloped country to establish its own Development Savings Bank. Depositors would be encouraged to save by making the money they put in the bank exempt from income taxes. But if such voluntary funds were inadequate, deductions would be made from payrolls in return for stock in new enterprises. In effect, the development bank would operate like an investment trust in the U.S., diffusing stock ownership over the maximum number of depositors and eliminating the risk of a bad investment that might wipe out a single...