Word: paid
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Dates: during 1960-1969
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...Limestone. At long last, Nazareth can offer good reason for a longer stay. Rising over the grotto is the new Basilica of the Incarnation and Church of the Annunciation, a double-decked, $2,000,000 building of dressed white Nazareth limestone that took 15 years to plan and build. Paid for by worldwide donations and built under the supervision of the Franciscan fathers, the new basilica is the largest Christian house of worship in the Middle East (capacity 3,000). Reflecting the long history of the sacred site, its lower church incorporates pillars, walls and an altar from several buildings...
...hasn't. "We have yet to find out what he can't do," says Schmidt, who has rewarded his slapdash star with a threeyear, $250,000 contract, making Orr one of the highest-paid hockey players in history. Bobby-all 5 ft. 11 in., 175 Ibs. of him-justifies his price tag every minute of play. Fearlessly aggressive, he once spotted Detroit's Gordie Howe 30 lbs. and lifted him clear oft the ice. Orr also has, as Teammate Ted Green puts it, "18 speeds of fast," and he is equally effective on offense. Says Toronto Defenseman...
...Hardin's If I Were a Carpenter was a big hit for Bobby Darin, while Hardin's own recording was ignored. Few people paid any attention to Laura Nyro's version of Stoned Soul Picnic, but the song sold a million for The 5th Dimension...
...decisions about how to invest, how to organize a company, how to reward employees. Companies in need of capital get a richer federal tax break when they issue bonds instead of stocks; they can deduct the interest on bonds from their taxable income, but dividends on stocks must be paid out of after-tax profits. This fact has stimulated the growth of conglomerate mergers, which the Government is now vigorously attacking (see following story). It is fairly cheap and easy for one company to finance the takeover of another by issuing interest-bearing securities of dubious value-the kind...
Taxpayer A reported an income of $6,511,903. Of that amount, $4,387,834 qualified as capital gains; this cut his taxable income to $4,300,000. He deducted $465,396 for state and local taxes that he had paid and wrote off another $5,543 in medical expenses and $24,129 in miscellaneous expenses. He donated a staggering $4,080,614 to charity, mostly in property that had originally cost him far less. As a result, he owed the Government nothing...