Word: options
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Dates: during 1960-1969
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...option will drop some 1,300,000 low-income Americans from the federal tax rolls. The old standard deduction of 10% of gross income will remain an alternative choice. In either case, $1,000 will still be the maximum short-form deduction. Itemized long-form deduction will still be permitted...
...Stock Options. The price of stock options granted employees may no longer be less than the market price of the stock at the time. The options must be exercised within five years, rather than within ten years as now provided. To qualify for the lower capital-gains tax rate on profits resulting from an increase in market price, the stock purchased under option must be held at least three years, rather than the six months required under the existing...
...Russian Option. Special Envoy Ball, finally and flatly rebuffed by Makarios, grimly left the island, stopping off in Turkey and Greece to urge calm and caution on both governments. Aware that Cyprus was going to the U.N., Britain and the U.S. activated their last-ditch plan. London, about an hour ahead of Cyprus, requested an "early meeting" of the Security Council to deal with the "dangerous situation" posed by the fratricidal fighting. The British move was strictly procedural, and its aim was to get before the forum of the world the Anglo-American conviction that first things should come first...
...shifting the crisis to the U.N. would give leverage to the Soviet Union, which can spoil any project the West pursues. At its own option, Russia can veto the Anglo-American proposal, thereby inviting a Turkish invasion of the island as the only means of rescuing Turkish Cypriots, or it can agree to the establishment of the force if it includes Communist troops, thus moving toward the historic Russian ambition of gaining a foothold in the Mediterranean...
This means that a man, who is called for a pre-induction physical in the near future probably will not have the option of entering National Guard or Reserve six-month programs, which ordinarily require a wait of several months after enlisting...