Word: jannings
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Dates: during 1960-1969
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Corporate Rates. For large corporations, the present 52% rate will be cut to 50% , retroactive to Jan. 1 of this year, and to 48% by Jan. 1, 1965. For corporations with incomes of less than $25,000, the rate will drop from the present 30% to 22% this year, with no further cut in 1965. Corporate-tax collections will be speeded up to put them on a pay-as-you-go basis...
After eight days on the scene in Panama, a five-nation OAS investigation team (Brazil, Costa Rica, Mexico, Paraguay, Uruguay) flew back to Washington last week, unwilling to side either with Panama or the U.S. on the Jan. 9 Canal Zone riots. Officially the investigators kept a diplomatic silence pending a formal report to the OAS Council. Unofficially they said they found no real proof of U.S. charges that Castroites had instigated the first riots - though pictures of later fighting did show Communist troublemakers in the forefront. The diplomats also concluded that U.S. troops along the Canal Zone border were...
...earliest opening for the trots in New York's history. In state after state the racing season, both trots and flats, is stretching into a year-round proposition. Maryland's Bowie race track opened Jan. 17, and advertised the fact by flying planes over Florida's winter tracks with banners reading COME TO BOWIE. Rhode Island's Lincoln Downs opened last week, and New York's Aqueduct will open March...
Another Panama? The orders might seem overly severe. But Washington still believes Castro may be working himself up to a major, Panama-style confrontation over Guantanamo. Immediately after the Jan. 9 Canal Zone riots, Castro's radio started appealing to Cuban workers on the base to return to the "motherland." A few weeks ago, Havana's propagandists railed that "drunken U.S. Marines indiscriminately fired their machine guns at Cuban workers." Castro militiamen have resumed their rock-throwing at U.S. sentries, recently fired a burst of machine-gun fire over the heads of a Marine squad inside the fence...
...Mexico City, Freeman has a tough act to follow. Under able former Ambassador Thomas C. Mann, who recently moved up to Assistant Secretary of State for Inter-American Affairs (TIME cover, Jan. 31), Mexican-U.S. relations reached a rare high point. The nagging, century-old Chamizal border dispute on the Rio Grande at El Paso, Texas, was amicably settled last year, and the Kennedy visit in 1962 brought vivas and warm abrazos all around. But the U.S. would still like to see a firmer stand by Mexico against Castro's Cuba...