Word: interests
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Dates: during 1960-1969
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...confided that "today I am going to have a little talk with a transistor-radio salesman." Even more annoying to Aichi was Kawasaki's charge that in Japan "there is clearly an absence of leadership at the top, no realization of what is best in the national interest, a shortage of moral courage and discipline." Political parties got short shrift: they "have hardly made a positive contribution; their existence is largely parasitical." He was harsh on Japan's role in the world. "Postwar Japan is not likely to assume political leadership in Asia, let alone of the world...
...home in Mexico City's lavish Palacio de Bellas Artes, the Folklorico draws capacity audiences that manifest lively interest in their country's cultural past. On its worldwide tours, the company serves as a colorful reminder of the surprising glories that can stem from artistic and cultural impurity...
...next one). They affect a family's choice of where to live and whether to rent or buy a home. Any high-salaried executive forfeits a substantial tax saving today if he does not own a house, entitling him to claim tax deductions for both mortgage interest payments and realty taxes...
...businessmen, high rates distort decisions about how to invest, how to organize a company, how to reward employees. Companies in need of capital get a richer federal tax break when they issue bonds instead of stocks; they can deduct the interest on bonds from their taxable income, but dividends on stocks must be paid out of after-tax profits. This fact has stimulated the growth of conglomerate mergers, which the Government is now vigorously attacking (see following story). It is fairly cheap and easy for one company to finance the takeover of another by issuing interest-bearing securities of dubious...
Still, Ling is in trouble, and the Government's attempt to cut him down to size will only add to his problems. LTV has such heavy debts that the company faces difficulty in meeting the interest payments-about $45 million this year-out of current income. Partly as a result of the high payments, earnings are down. Excluding such special items as the sale of the LTV Tower in Dallas, profits in 1968 were off 18%, to $28 million; in the year's fourth quarter, they plunged 58%. In order to finance the takeover of J. & L., Ling...