Word: nit
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...NIT selection committee in New York named St. Bonaventure as their first pick for the sixteen-team tournament which will open March 20 at Madison Square Garden...
...20th century problem. His onetime adviser, Economist Milton Friedman, and the Senate's newest prominent conservative, James Buckley of New York, both favor a modern concept, the negative income tax. But Friedman shackles the idea to what he calls, without being specific, a "modest" level of aid. Under the NIT, the tax scales would be continued downward past the zero-tax line; those with inadequate income would be given money through the internal revenue apparatus. The amount would be based on need and designed to encourage privately earned income. Friedman also would use NIT to replace all present welfare...
...presidents of the eight Ivy League institutions have removed their ban on participation of Ivy League basketball teams in the National Invitational Tournament (NIT). The decision was announced over the Christmas recess...
...decision on the NIT reversed a similar vote taken last spring. At that time Columbia was forced to turn down an NIT invitation. Harvard, Dartmouth, Yale, and Brown voted against the motion last spring to tie the vote and defeat the proposal. At least one of those schools changed its vote last month, and now it is up to the individual institution to accept or reject an NIT...
...decision on participation in the NIT was made in response to a request by Columbia president Andrew Cordier that the traditional post-season tournament restriction be repealed. The presidents of four colleges-Columbia. Pennsylvania. Princeton, and Cornell-voted to lift the post-season tournament ban, but a unanimous decision was needed...