Word: exempt
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Dates: during 1960-1969
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Last year Hal became the first blind student at Harvard Law in recent years. Now there are three new blind students. "I proved," Hal explained, "that a blind student is draft exempt." According to Hal, it is not so easy for a blind person to get into law school. Many of the schools where he was interviewed were quite discouraging about the prospects of his getting in and getting along there. He had a particularly bad interview at Duke: "You mean to tell me you're really that blind?" the Duke interviewer asked. When Hal inquired as to the ease...
...volunteer army is that it could eventually become the only orderly way to raise armed forces. The draft, though it will prevail by law at least through 1971, is under growing attack. In the mid-'50s, most military-age men eventually got drafted, and the inequities of exempting the remainder were not flagrant. Now, despite Viet Nam, military draft needs are dropping, partly because in 1966 Secretary of Defense Robert McNamara started a "project 100,000," which slightly lowered mental and physical standards and drew 70,000 unanticipated volunteers into the forces. Meanwhile, the pool...
...authority will have the power to issue tax-exempt bonds to finance college construction projects. Because they are tax free, the interest rate on the bonds will be substantially lower than the going open market interest rate--one of the customary sources of funds for University construction...
...free bond. Since holders of bonds issued by such local and state authorities do not have to pay federal income tax on the proceeds of the bonds, they are willing to accept a lower interest rate than they otherwise would demand. Currently, the interest rate on the tax-exempt bonds is slightly more than four per cent. Borrowing at a bank can cost about seven per cent. Harvard gets an annual return of about 5.8 per cent on its general investment funds...
...Like many forbidden dramas, it was later performed privately at one of London's "theater clubs," which were exempt from the licensing laws...