Word: exemption
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Dates: during 1980-1989
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...need for capital has been a major driving force behind hospital changes. Aging buildings, spiraling costs and rapidly evolving, expensive medical technology created huge demands for money. Traditional revenue sources, such as philanthropy, tax-exempt bond issues and other public subsidies, are no longer enough. Between 1980 and 1990, U.S. hospitals will have to spend an estimated $150 billion on plant and equipment. Says Shephard Plotner, executive director of the Forkosh Memorial Hospital in Chicago: "It is going to be increasingly difficult for independent hospitals, particularly the smaller ones, to survive...
...vote. Events last week put him on the defensive again and revived talk that Reagan strategists have written off the black vote in 1984. First, in an embarrassing rebuff to the Administration, the Supreme Court ruled 8 to 1 that racially discriminatory private schools are ineligible for federal tax-exempt status. Then, the next day, Reagan replaced three members of the Commission on Civil Rights with appointees who share his opposition to racial quotas and busing. Reagan, who heatedly claims that he is against any kind of discrimination, was nonplused by the furor that followed the reshuffling. Said a senior...
Brown in 1976 and Harvard in 1977 jumped onto the contact archaeology bandwagon, and other colleges and universities did likewise. But even tax-exempt status will not sustain university "commitments" to research in the strained economy of the 1980s. Post-Bicentennial fervor fell short of expectations for long-team, substantial revenues from historical research...
...decision to finance construction through tax-exempt borrowing, rather than spending capital resources directly on plant renovation...
...wider and deeper into America's social strata. Peter Bensinger, director of the Drug Enforcement Administration from 1976 to 1981, is now a consultant to businesses on employee drug use. "It is not just a matter of John De Lorean and John Belushi," he says. "Cocaine use does not exempt anyone. You see it in mid-level managers and factory workers...