Word: ownership
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Dates: during 1980-1989
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...perhaps with the consent of Massachusett's junior senator, John Kerry--added an 11th hour ban against the Federal Communication Commission's spending money on cross ownership hearings to an 800-page omnibus spending package passed just before Congress adjorned for the holidays. As a result, a fiesty Boston daily willing to sail against Massachusett's prevailing political tide almost certainly will lose its spark. And a mediocre New York paper, the Post, may close down, which would leave New York with one fewer paper that might one day improve--and 1300 people without jobs...
...perennial struggles beween Arizona's copper unions and its union- busting managements have influenced Babbitt's ideas on what he calls "workplace democracy." He believes government should encourage profit sharing and worker ownership of companies and end tax breaks for "companies like General Motors, which lay off thousands of workers while paying big bonuses to executives...
America's biggest tax incentive to spend may be the unlimited deduction on mortgage interest. This sacrosanct loophole has fulfilled the worthwhile ideal of widespread home ownership, especially for first timers, but has encouraged people to make disproportionately large investments in housing instead of putting their money into the savings pool. Most other industrial countries impose limits on the mortgage interest that can be deducted. The U.S. mortgage-deductibility provision, contends Economic Commentator Robert Kuttner, is not only antisaving, but inflationary and inequitable as well. Wrote Kuttner in his 1984 book The Economic Illusion: "The effect is to fuel ; housing...
...coming apart at the seams, not because of the Red Brigades, Middle East terrorists or civil war, as was once feared, but because of its own political . follies and foibles. Describing the everyday struggle of Italians to get driver's licenses, business permits, papers to prove car or home ownership, tax reimbursements and the like, he says, "We're on the terrain of bureaucratic sadism...
Nevertheless, Steinbrenner's poor timing should not obscure the driving force behind his ownership: the principal owner has consistently pursued tabloid headlines over winning strategies. Sure, winning is a fine means of getting in the papers. But there are many more reliable ways, such as punching an obnoxious fan, firing Billy Martin, releasing long and asinine letters to the press, rehiring Billy Martin, calling Dave Winfield "Mr. May," firing Billy Martin again, demoting established major leaguers to the minor leagues; and, finally, rehiring Billy Martin. Again...