Word: gearing
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Dates: during 1970-1979
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...Montreal. His 140-mile training weeks left him little opportunity to support himself as a lawyer, however, so he challenged the Amateur Athletic Union's rules prohibiting sports-related income. In a precedent-setting case that has helped other athletes, Shorter convinced the A.A.U. that his manufacturing of running gear should not affect his amateur status. Shorter is also drumming up corporate support for amateur athletes. "In the old days the A.A.U. required that an athlete build his name and then retire to reap what benefits he could," says Shorter. That is obviously not his plan: Shorter is training hard...
...That wind could easily send it rolling end over end like a kid's toy. Moore dashes into the cab, Moyer on his heels. "Get in!" he screams. "That son of a bitch is coming right at us! Now! Let's go!" He jams the truck into gear, and we race north. Behind, hardly the length of a football field away, the ground beneath the tornado is suddenly lost in a dark howling whirlpool. Then the truck is hit again with the full force of the hail. A shower of red dirt and debris tossed...
...gear would not have to be moved very far. Nixon's $80,000 federal pension, plus royalties from memoirs and television appearances, still enables him and Pat to live quite comfortably. They will soon move just one mile from San Clemente to Cypress Shores. A $650,000 five-bedroom home in this private compound has been acquired by Pal Charles ("Bebe") Rebozo, who plans to sell it soon to his old friends from the pleasant days in Florida and Washington...
...most sup port will speed up the slow, cumbersome system of tax depreciation. At present, companies are allowed to take deductions from their income to make up for the depreciation of their aging factories and equipment. Those deductions vary according to the expected life of the plant or gear. For example, railroad equipment can be depreciated over 40 years, tractors over three years. Faster depreciation would reduce taxes and thus increase the capital available for investment...
...draw some attention to the subject of depreciation, Bill Miller has been promoting a slogan that sounds like a Super Bowl play: 1-5-10. His idea is to allow a full write-off in just one year for all equipment, such as pollution-control gear, that the Government requires companies to install, a five-year depreciation for other new equipment and a ten-year writeoff for new plants and commercial buildings. In a speech to the Advertising Council several weeks ago, Miller even pulled out two miniature footballs, emblazoned 1-5-10, and told his audience...