Word: exemption
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Dates: during 1950-1959
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...what the U.S. broadcasting industry considers a ridiculous abuse of the so-called "equal-time" rule, by which any station that puts a political candidate on the air must give equal time to every other qualified candidate who demands it. The bill amends the Communications Act to exempt bona fide newscasts and news programs from the provision. The need for an amendment arose last spring, when the FCC issued an interpretation holding that equal time applied not only to campaign speeches but also to news programs...
...buying control of the Miami National Bank so that he can use the bank to get around labor-bill controls on what he does with Teamster welfare-fund money. He plans to channel welfare-fund millions into Miami National and then distribute the money as bank loans and investments, exempt from labor-bill restrictions...
Reaction in the City Council, the State Legislature, and the press ranged from high praise to charges of a "land grab" and demands that Harvard, whose facilities are tax-exempt, should stop taking over valuable Cambridge property...
...June 1958, therefore, the official headquarters of Veritas action moved from Boston to New York, where the Foundation was formed with three new officers as Trustees. Set up as an "educational group," the Foundation claims tax-exempt status, "in the opinion of counsel"--an opinion which has yet to be tested. As any member of either group will admit, the now inactive Committee and the new Foundation are one in spirit, and cooperate closely...
...firms instead of striking the whole industry at once as in the past. Such a pact would be similar to the profit-sharing pact signed by struck airlines last fall (TIME, Nov. 10), except that the airlines later got tentative approval from the Civil Aeronautics Board, which can exempt airlines from antitrust procedures...