Word: exempt
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Dates: during 1950-1959
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...President, in his reorganization plan, has made a two-fold request of his department heads. He asked first that they recommend career officials, whose policy-making function should exempt them from civil service protection, for appointment to a special Administrative category--Schedule C. Secondly, he inquired whether any department needed additional non-career officials. The second point, since it will not affect present civil service posts, seems worthwhile. The first part, although it may put a number of positions up for grabs, is unsound for strictly non-political reasons...
...York Stock Exchange in 1956, only 44 showed price rises for the year. Among them: Bethlehem Steel (up 30?), Southern Natural Gas (up 16½), Detroit Edison (up 11), General Dynamics (up 8?). Tax-free municipals were even more of a headache. In 1956 alone, $5.4 billion in tax-exempt bonds were floated, bringing the total municipal debt to nearly $50 billion. This flood of issues, competing for an already restricted money supply, forced the market down further...
...finance a new iron mine under Steep Rock Lake in western Ontario (TIME, Nov. 16, 1942. et seq.). Eaton raised $2,250,000 from U.S. investors, got the RFC to lend Steep Rock another $5,000,000, and got agreements from the Canadian and Ontario governments that would exempt Steep Rock from paying taxes until iron was produced...
...twin pipelines that the British-managed (and British-French-Dutch-U.S.-owned) I.P.C. operates between its Iraq fields and Lebanon's Mediterranean port of Tripoli. The Lebanese in 1944 gave renewed approval to an old agreement to 1) let I.P.C. run its pipes through their country, 2) exempt the company from taxation, 3) submit all disputes to arbitration. In 1947, I.P.C. began paying transit fees to Syria and Lebanon, through which its pipelines ran. Though the lines traversed Syria for 263 miles, Lebanon for only 20, I.P.C. paid each the same amount (about...
...hearing came "perilously close" to being an effort "to intimidate a man for writing what he believes." There was no doubt that the committee's heavyhandedness had weakened its case. Likewise, there was little doubt that Congress had every right to eye the major activities of a tax-exempt foundation, that the hearing had strongly suggested that Cogley's report was inept journalism at best. As Reporter Woltman put it: "Any newspaper that proceeded the way Cogley did would be subject to grave criticism...