Word: limiteds
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Dates: during 1960-1969
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...refuse even to discuss reparations with parent Standard Oil of New Jersey. Indeed, the Peruvians claim that I.P.C. owes them another $17 million. Two weeks ago a perennial squabble over fishing rights flared again when a Peruvian navy vessel challenged U.S. tuna boats working within the 200-mile limit that Peru claims as territorial water. On earlier occasions, tuna men were released after buying fishing licenses. This time the Peruvians pumped more than sixty shots into one trawler. After U.S. officials inspected the porous hull, Ambassador John Wesley Jones submitted a $50,000 damage bill to Peru. Unless the I.P.C...
...nearly 100 Americans playing for industrial teams and sports clubs in Italy, France, Spain and Belgium. The influx began five years ago, when sponsors, anxious to upgrade the sloppy play and win new friends and publicity for their teams, started recruiting U.S. college stars. Though the leagues imposed a limit of two foreigners for each team, the Americans have dominated the play. The imports have not only helped bring about a basketball boom in Western Europe, but have also ended the lopsided superiority of teams from Iron Curtain countries. The New York Knicks' Bill Bradley, for instance, while studying...
...limit the tax deduction on stocks and other property given a charitable institution to the original cost of the property, instead of its current market valuations...
...most worrisome proposal to Harvard is the plan to limit tax deductions on donations of property to the original cost, not the market value of the property. Harvard usually receives $4 or $5 million annual market value in stocks each year, although one exceptionally large donation boosted this to $16 mil- lion last year. In addition, donors give the University small amounts of real estate--usually less than $50,000 worth in a year--and an undetermined amount of art works, books...
...today's jetliners, if a pilot allows his speed to reach 85% of the speed of sound, a bell rings and a light flash es to caution him to go no faster. There is good reason for the warning. Beyond that limit, the big ships generate turbulence that causes a drastic loss in efficiency and sometimes dangerous buf feting. Thus, although the sonic barrier is around 660 m.p.h. at the normal jet cruising altitude of 35,000 ft., commercial jets are held down to a speed of about 560 m.p.h...