Word: exempt
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...phases that make it possible for a species to change, perhaps to improve, over long periods of years. But that takes none of the heartbreak out of it, none of the sense of needless loss. And there are some few in every generation whom we would like to see exempt from the general...
...Ford Foundation, the independent philanthropic giant created by the Ford family, has long been anxious to sell at least 15% of its immense Ford stock holdings to diversify its investments. When the Government last week decided that the Foundation, as a tax-exempt organization, would not have to pay a 26% capital-gains tax on the sale, one of the last barriers to the stock sale was removed. However, the Foundation's 3,089,908 Ford shares (88% of all Ford stock) do not include voting shares, which are owned exclusively by the Ford family. Foundation trustees thought that...
...Early this year the Administration decided that 1955 crude-oil imports should be roughly 10% of 1954 domestic production. Flemming figures that this year's April-December imports will average about 740,000 bbls. a day. Approximately half that amount will be Canadian and Venezuelan oil, which is exempt from these quotas. The remaining 370,000, Flemming calculates, must be cut by 7%, or 26,000 bbls. a day, to fall in line with Administration policy. The new limit must hold through first-quarter...
...carried it the day Ike was stricken. Last week the Fund for the Republic decided Herblock was too hot to handle, canceled his TV show. Official reason: he is too political. By permitting him to take sides in political controversies, the Fund was afraid it might lose its tax-exempt status...
...mistresses dies on his hands, and he, at 60, goes off with another, that too seems reasonable enough. With World War II just around the corner, Dickie Savage has in fact grown up and become a bit blasé. Heritage does not say that creative people are exempt from the rules of ordinary decency. But Author West tries to understand them and suggests that even illegitimacy and neglect are not too much to endure for the rare privilege of growing up with genius...