Word: oils
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Dates: during 1960-1969
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...have retreated to advantageously familiar home ground, and receive French arms by air. On their northeastern front, the Nigerians are largely in control. In the southeast, the Biafrans have 3,000 Nigerian soldiers encircled at Owerri but lack strength to wipe out the pocket and push south toward the oil town of Port Harcourt. Last week, in an offensive obviously timed for Wilson's visit, Nigerians launched a general attack in the north that carried them closer to Biafra's lone airstrip at Uli. Unless it is totally successful and quickly ends the war, the humane solution would...
...make us glad of the oil which ran upon Aaron's beard...
...unnervingly dignified Bactrians created by Manhattan's Nancy Graves, 28, a graduate of the Yale University art school and a former painter. She builds her camels on wood and steel armatures, stuffs them with polyurethane, covers them with goat hair or sheep's wool tinted with brown oil paint. She adds carefully molded toes and ears of cast acrylic, and voild!-the result makes a taxidermist's liveliest effort look damnably dead...
...modern industrial country, taxes-and the desire to elude them-exert an increasing control over the affairs of individuals, institutions and corporations. They influence a person in how he chooses to invest his savings (municipal bonds, cattle ranches and oil wells are among the most favorable for tax purposes). They determine many a young couple's choice of a wedding date (better at the end of one year than the beginning of the next one). They affect a family's choice of where to live and whether to rent or buy a home. Any high-salaried executive forfeits...
...speculation in securities, the holding period might be extended from six months to one year. Congress also needs to redefine and limit the scope of investments eligible for capital gains. They now include not only securities and real estate, but ordinary dealing in timber and cattle breeding as well. Oil and other depletion allowances, which by Treasury estimates deprive the Government of $1.3 billion in revenue, have become the towering symbol of privilege and preference. They can spare oil companies and investors from taxes on 27½% of their revenue from operating an oil well. As long as a well...