Word: oiled
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Dates: during 1960-1969
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...ceiling on the amount of a taxpayer's income above $10,000 that is eligible for favored treatment. Income would have to include the appreciated value of property donated to charity, and the ceiling would restrict the amount of deductions that a taxpayer could take for 1) oil-depletion allowances and intangible drilling costs, 2) excessive farm losses, and 3) rapid depreciation of real estate holdings. Nixon would also require taxpayers with more than $10,000 of tax-preferred income (including long-term capital gains) to allocate itemized nonbusiness tax deductions between their preferred and ordinary income. Total revenue...
...concluded that the games are prone to "manipulation and rigging," as any driver with a glove compartment full of useless tickets has long suspected. Typically, the major prizes are "seeded" at times and places where they will draw the most publicity. In Florida, the promotion manager of one oil company personally chose the two stations to receive winning tickets for the top prizes-two cars -and told dealers to issue them to a customer from a college or local company so that the good word would get around. The more popular the game, the deeper the gouging. Tickets went...
...Shell for $3.1 million last fall, the stock of his Pennsylvania firm has more than doubled in price and split 2-for-1. The dealers are among the games' most vigorous opponents. They find that the promotions are troublesome to handle, and almost impossible to drop if the oil companies flood the area with advertisements-as they often do. Increased gasoline sales do not always make up for the cost of all the gewgaws and gimmickry that dealers must buy from the oil companies. The prices are set high, so that the dealers will not be tempted...
...year, the complex will lift the country's annual steel output from 4,400,000 tons to 6,900,000 tons, almost as much as Australia's production and more than Sweden's. Petrochemical plants are rising at Ploeşti, next to Rumania's oil wells, which until recently constituted the country's only significant industry. In conjunction with Yugoslavia, the Rumanians have nearly completed the Danube's largest dam, for hydroelectric power, at a point where the river foams through the Iron Gate gorge in the Carpathian Mountains. Within two years, Rumania...
...students asked the lecturer, assistant professor of Economics, George Eads, why he wasn't talking about more relevant subjects. At the time, Eads was talking about section one of the Sherman Anti-Trust Act and its relation to the Socony Oil case...