Word: exempted
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...repeals a 1986 law which capped at $150 million the amount of tax-exempt bonds non-profit, private institutions could issue. If institutions needed to issue more than that limit, they had to issue taxable bonds-which meant they paid on average an extra 2 percentage points in interest. (Purchasers of taxable bonds must pay income tax on their earnings, hence universities issuing bonds must pay a premium...
Officials warn, however, that currently the difference in borrowing rates between tax and tax-exempt bonds is closer to 1.5 percent-which would lower the University's savings-over the past 10 years the average difference has been 2 percent...
Mainstream publications are hardly exempt from the debate. Dozens of publications, including TIME and Newsweek, used paparazzi shots to illustrate their stories on the tragedy last week. A news photo of Diana's two sons glimpsed inside a car after her death--a shot that could easily be regarded as intrusive--ran even in the sober New York Times. Though editors and publishers say clear-cut rules are hard to set, the tragedy has heightened their sensitivity to the issue. "You have to exercise judgment when you know competitive forces are going to exercise less judgment and less taste," says...
Nonetheless, Soros has said 1944 was the happiest year of his life: "I had a father whom I adored, who was in command of the situation, who knew what to do and who helped others. We were in mortal danger, but I was convinced I was exempt. I learned the art of survival from a grand master. That has had a certain relevance to my investment career...
Humans, in short, have little to fear from sharks. The reverse, however, isn't close to being true. Fish of all kinds are being hauled from the sea faster than they can reproduce, but until quite recently sharks were exempt from this reckless harvest. Not anymore. Each year between 30 million and 100 million sharks are caught for their meat (boneless and mild-tasting), their fins (a great delicacy in Asia), their hides (source of an exotic, high-quality leather), their jaws (worth thousands of dollars from collectors) and their internal body parts (made into everything from lubricants to cosmetics...