Word: exempt
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...University would face reaction from outside groups if one of its Faculties took a formal stand. Carl Friederich, professor of Government, pointed out that the University's status as a tax-exempt organization prohibited it from getting involved in public policy issues. Several other Faculty members said that a vote might bring retribution from Congress or other parts of the government...
...Alice's Restaurant , however, is not a film erupting with death and disaster. It is, on the surface anyway, the story of how Arlo gets busted on a ridiculous littering charge in Stockbridge and later discovers that the charge will exempt him from military responsibilities to the United States. Like the Flatt and Scruggs' banjo music that underscores Bonnie and Clyde, Arlo's song of the "Alice's Restaurant Massacre" gives an essentially tragic movie the look of a comedy...
...immediate cause of this chaos is the congressional drive to close tax loopholes. Interest paid on municipal bonds has always been exempt from federal income tax, but the reform bill that the House passed in August would make such interest partially taxable for many individual investors. Banks, which normally buy 70% to 80% of all municipal bonds, would continue to collect tax-free interest, but their officers fear that if the bill is finally enacted it will be only a matter of time before that exemption is limited, too. The slowdown in municipal-bond sales has produced something close...
...month draft suspension will not calm student anger over the war in Vietnam. For one thing most students who oppose the war are exempt from the draft anyway. Only immediate and, if necessary, unilateral action to stop the fighting and remove all troops from Vietnam will win President Nixon the domestic tranquility he tried to gain last week...
Spring at Harvard always brought one remedy for the malaise that creeps into the end of freshmen year. (And even preppies aren't exempt. If anything, their malaise begins even earlier.) Spring used to provide an opportunity for the Annual Freshmen Riots. Last year, the Riots were pre-empted by the occupation of University Hall, and suddenly romanticism had found its proper battleground...