Word: lowered
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Dates: during 1980-1989
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...there is Berkeley History Professor Lawrence Levine's Highbrow/Lowbrow: The Emergence of Cultural Hierarchy in America, which tells, in impressive detail, the story of 19th-century America's unified culture--a time when upper and lower classes shared the same tastes, to their mutual benefit...
...incentive allows a company sponsoring an ESOP to deduct not only the interest on the loan to buy stock for the plan but also the principal. Another tax break gives banks and other lenders a 50% deduction on their income from ESOP loans, which enables them to charge lower interest rates to companies that borrow for such programs. "These are the kinds of tax incentives that corporate owners dream of," says ESOP expert Joseph Blasi of California Polytechnic State University in San Luis Obispo...
Associate Professor of Economics Lawrence B. Lindsey, a supply-side economist who has been a vocal proponent of lower taxes, will become the associate director of the office of policy development, an executive branch agency which advises the president on the economy and other domestic issues...
Since 1985, several articles have appeared in the national press attacking Asian-American admissions policies at public universities in the West and selective Eastern institutions, particularly Harvard. Critics, like Berkeley professor L.C. Wang and MIT graduate Arthur Hu, have charged that Asian-Americans are admitted at a substantially lower rate here than whites and other minorities and that Asian-Americans have to be more academically qualified than others to be admitted...
CCNV leader Mitch Snyder claims that Reid was merely carrying out his instructions. Counters Reid: "Whatever ingredients were involved in that work were synthesized through me." The U.S. Court of Appeals for the District of Columbia sent the case last May to a lower court to consider whether the parties jointly owned the copyright. Snyder appealed, and the case will be heard by the Supreme Court in March...