Word: lowe
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Dates: during 1960-1969
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...serious and important works. If for no other reason the traditions of the form should be understood and on occasion maintained, lest corruption weaken and ultimately destroy an invaluable part of American art. Burt Kennedy, who worked with Boetticher, a great moralist, should think twice before he makes another low-key spoof; and Tom Gries should be congratulated for punching some emotion and feeling into what could have been a completely mindless action picture...
Number 5 man, Paul Oldfield, had to sink an eight-foot putt to win the 18th hole and tie the match. At the last moment, his putt veered to the low side and he lost the match, one down...
Blurred Vision. In the Daily News, Columnist Mike Royko gently needled Mabley's pitch for big money. "I don't want to feel completely left out," Royko wrote. "That's why I am starting a noninflationary, low-cost fund drive of my very own. About $600 or $700 will do the trick." It is needed, he said, by Roy Ries Jr., a Presbyterian seminarian who had tried to avoid violence by standing with other clergymen between police and demonstrators. Ries, Royko claims, received a fractured skull and still has blurred vision from a rifle-butt blow...
...case. Defenders of capital gains have a compelling argument: people must be encouraged to take risks with capital if a private economy is to thrive. On the other hand, many experts agree with Economist Joseph Pechman of the Brookings Institution, who holds that the present ceiling is too low. To discourage speculation in securities, the holding period might be extended from six months to one year. Congress also needs to redefine and limit the scope of investments eligible for capital gains. They now include not only securities and real estate, but ordinary dealing in timber and cattle breeding as well...
...blame for such notorious tax avoidance properly rests on the law, not its lucky beneficiaries. For a generation the guiding philosophy of loophole users has been that of the late Justice Learned Hand: "There is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Nobody owes any public duty to pay more than the law demands." Financier J. P. Morgan put it more bluntly: "If Congress insists on making stupid mistakes and passing foolish tax laws, millionaires should not be condemned if they take advantage of them...