Word: owner
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Dates: during 1980-1989
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...true that these properties will no longer be subject to rent control if they are owned by owner-occupants. That is what Cambridge law, not Harvard's policy, provides. The University as provided no subsidized financing, nor has it retained options to repurchase any of these properties in the future. Should one of the current buyers resell a property to any non-owner-occupant (including Harvard University), it would again become subject to rent control...
Harvard does not "avoid paying double in property taxes" on its small houses, as stated in the editorial. These properties and already assessed and taxed as though they were owner-occupied. The city loses no tax revenue when such a property is sold, as the new owner will simply pay the same taxes as the University has paid...
Pickens claims that inept management can be found everywhere among the large oil firms. He zestfully points out that petroleum companies made four of the seven acquisitions that FORTUNE magazine rated last year as the worst of the past decade (examples: Mobil's $1.86 billion purchase of Marcor, the owner of Montgomery Ward; Standard Oil of Ohio's $1.77 billion acquisition of Kennecott). Many firms are now unloading some of their unattractive operations. Exxon is trying to sell its office-products business, and Atlantic Richfield recently took a $785 million write-off on its stake in Anaconda...
...this league be saved? "I don't know," says Tampa Bay Bandits Owner John Bassett. "It's like being in a canoe and rowing like hell against a wind and tide moving 200 m.p.h. You have to wonder." That from a man whose team has enjoyed good attendance by U.S.F.L. standards, an average of 36,900 spectators...
What most worries Bassett and some of his fellow owners is the U.S.F.L.'s plan to move to the fall in its fourth year. Says he: "I don't like it at all. We've done well. But the league decided, and we have to go along." Critics thought that the spectacle of 100 degrees football weather and electric fans to cool players on the sidelines gave the league the look of a fish out of water. "If you want to play big-time football, you have to play it in its natural environment," says Myles Tanenbaum, co-owner...