Word: maes
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Dates: during 1980-1989
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...haven't already seen Harvey, here's the scoop: Elwood, who lives with his goofy socialite sister, Veta Louise, and sourfaced niece, Myrtle Mae, is convinced that his best friend is a 6-foot-tall white rabbit named Harvey. Well, gee, folks, the only problem is that no one else can see Harvey, and Veta and Myrtle think poor Elwood's gone a little soft upstairs, so they take him to see a couple of wacky psychiatrists, Drs. Sanderson and Chumley, and that's when the hysterical antics begin...
...Fannie Mae make a big mistake on her tax returns? Yes, says the Internal Revenue Service. A tax court heard arguments last week in a dispute between the IRS and the Federal National Mortgage Association, the former Government agency that is now privately owned and known as Fannie Mae. In April 1986 the IRS declared that Fannie Mae had taken improper deductions and owed some $200 million in back taxes and interest. Fannie Mae paid up, but is suing to get a refund...
...case centers on the activities of Fannie Mae, which buys mortgages from lending institutions and sells them to investors, during the early 1980s. At that time the organization decided to swap large numbers of mortgages whose value had been depressed by high interest rates for similar mortgages held by savings and loan associations. Reason: both parties in the deal incurred losses that they thought could be written off their taxes. But the IRS later ruled that these were paper losses that could not be deducted...
While Fannie Mae is fighting for a refund, the implications go far beyond that one organization. If it loses the case, dozens of savings and loan associations -- some of them financially troubled -- will also owe millions of dollars in back taxes...
...cringing and bitter waterseller, is another doozy in this actor's slow rise to the top of the ART company. In the last few seasons he has threatened to supplant John Bottoms place as The Best Thing About the ART. Sandra Shipley brings back fond memories of the Anna Mae Wong School of Oriental Acting as the avaricious...