Word: losses
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Dates: during 1960-1969
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...public is also likely to favor the committee's action. It is designed to make it impossible for wealthy individuals to avoid federal income taxes entirely through tax-free investments or special loss and deduction allowances. Heeding widespread taxpayer resentment over the disclosure that 155 persons with incomes over $200,000 paid no taxes at all in 1967, Ways and Means approved a "minimum tax" plan that would require everyone to pay taxes on at least half his income. Combining proposals put forward by both the Johnson and Nixon administrations, the plan modifies the exemptions on capital gains...
WHEREVER people could read, watch or hear the news, they followed the epic journey of Apollo 11 with fascination. Most Americans were jubilant, if sometimes at a loss for words. An elderly lady awaiting a flight at Chicago's O'Hare Airport simply stood up and sang America the Beautiful when she learned that the moon landing had succeeded. Said Robert Hutchins, the usually articulate head of the Center for the Study of Democratic Institutions in Santa Barbara: "It's marvelous. What else can you say?" Author Paul Goodman, a frequent critic of U.S. institutions, wrote...
Sputnik, but spending has already declined from its 1966 peak of $5.9 billion. Wernher Von Braun, whose team was responsible for the Saturn boosters, argues that unless the nation embarks on another Apollo-size program, the U.S. stands to suffer a "tragic loss of a national asset." He fears that NASA's skilled engineers and scientists may be dispersed after the last of the nine remaining Apollo missions is flown in 1972. The space team has already shrunk from 400,000 in 1966 to 140,000 today, and the group might be difficult to rebuild. "To continue to attract...
...fatalist. His elder brother Jimmy preceded him as a racing driver but retired after two serious accidents and a near-fatal collision in the 1954 Le Mans classic. In 1968 his roommate and closest friend, the incomparable Jim Clark, was killed in a crash on the Hockenheim circuit. "The loss of Jimmy was an enormous blow," says Stewart, "but it couldn't make me give up racing. Jimmy was a professional...
...widows. In a sense, he is simply employing the form of help more "primitive" societies take for granted: letting the bereaved relieve their grief by expressing it openly. Zunin sold the idea to his military superiors in the fearful jargon of his profession: "In a situation where commonality of loss of the husband is present, the group can be exceedingly supportive...