Word: macaronies
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Loading Time. No one ate very much lunch (a cold salad of macaroni and ham). At 2:45 p.m. the boat teams prepared to go over the side. I joined Captain Jaskilka's people. We stood there waiting for our wave to load into the landing craft. Ours was the third. The first wave was to hit the 9½ ft. sea wall at Inchon at 5:30 p.m. The second wave would be three minutes later. The third wave was to land at 5:40. These first three waves on Red Beach, a tiny plot of ground...
...Bartali was close to the leaders, and the Italian team had won five of the first nine laps. The French team had won only one lap, and French partisans began to get restless. When Italian Alfredo Pasetti won the ninth lap, Bordeaux fans greeted him with shouts of "Macaroni" and "Dirty Fascists...
Congressmen said that it was excessive abuses of the present lenient system which has existed for many years that led to the current "reforms." The most famous case is the ownership of the Mueller Macaroni Co. by New York University. The courts did not wait for legislative action, ruling early this month that N.Y.U. must pay back taxes on its profits...
Last week in Washington the United States Tax Court gave N.Y.U.'s macaroni a fresh bend. It ruled that the C. F. Mueller Co. (as reorganized for N.Y.U.'s benefit) was not exempt from paying federal corporation income taxes, owed Uncle Sam $136,438.62 for a four-month period in 1947. Said the court: such an exemption could have "a vicious effect upon nonexempt competitors." Said the Mueller Co.: it would appeal to a higher court...
When alumni and friends of New York University bought a macaroni factory in 1947 and dedicated the profits to N.Y.U., they were following a path already partly blazed by others. In a search for bigger & better returns on endowment money, some U.S. colleges and universities have been buying into all sorts of enterprises, from real estate to department stores, thus giving income from the properties their own exemption from corporation income taxes. If New York University's new macaroni factory could thus become tax exempt, its macaroni would go to market with a tidy advantage over most...