Word: exempted
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This program applies only to nonexempt clerical and technical employees, and does not include some 400 "S & W" "professional, executive, or administrative" employees who are exempt from the overtime requirements of the Federal Fair Labor Standards Act. A separate program will be designed for these employees at a later date...
...devalue the dollar. In Japan, the dollar lost 6.4% of its value during its first full week of floating against the yen. TRADE. The Treasury Department ruled that more than $1.5 billion of imported goods in transit to U.S. ports or in bonded warehouses on Aug. 15 were exempt from the 10% import surtax. Secretary of Defense Melvin Laird announced that the U.S. would sell 175 F-4 Phantom jets to West Germany for $1 billion. Laird said that the decline of the value of the dollar in relation to the Deutsche Mark, which in effect cuts the price...
...inbound goods stranded as of Aug. 15 were declared last week exempt from the new 10% surtax on imports. They included large shipments of foreign cars and Christmas supplies of everything from toys to tree ornaments, which dealers can now sell at prefreeze prices. Even so, the main worry is about dwindling inventories. "Some of our dealers are faced with taking on a second line of products like lawnmowers or tractors," says Datsun Distributor Karl Henning. "You can't keep the store open without any beans on the shelf...
...covered by any insurance. Though this is not a huge amount, some of the families are under considerable financial strain, If you will help, send to the Kent State-Jackson State Medical Fund, Kent State University, Ken?? Ohio, 44240-an incorporated fund for which contributions are tax-exempt...
...Urban Coalition, Gardner set up a small lobbying operation called the Urban Coalition Action Council. Because the Urban Coalition is a tax-exempt organization, the $200,000 needed each year to run the Action Council had to be borrowed from individuals and corporations as non-deductible tax money, money which is extremely difficult to obtain. As the council grew funding fell away, and Gardner repeatedly had to call on friends for emergency funds. After his experience with the Action Council, Gardner realized that for his present, broader venture, he was going to need a little money from...