Word: parliament
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Dates: during 1950-1959
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...East German Parliament rubber-stamped the demand of the justice minister, Hilde Benjamin, for powers to prosecute fleeing citizens. They now are escaping from the satellite at the rate of about...
Speaking before a Parliament session in East Berlin, Mrs. Benjamin declared: "The West German NATO organs are trying to interfere with our economic development by luring away manpower...
Taxes & Loans. The credit for Sicily's renaissance goes largely to the island's autonomous regional parliament and to Domenico La Cavera, 41, the slim, dynamic president of Sicily's Confederation of Industry. Says La Cavera: "My heart beats with joy. I am vibrating with enthusiasm." He also vibrates with strong ideas about free enterprise and how to help it along. A peasant's son, La Cavera started out with a small cement plant, expanded it, then set out to see how U.S. industry operated. He returned from the U.S. convinced that Sicily should reject Italy...
...starter in 1948, La Cavera helped convince Sicily's parliament to encourage investment with a new law permitting investors legally to avoid paying taxes on dividends by holding stock "in the name of the bearer," i.e., anonymously. To help companies themselves, another law was passed two years later exempting all new industrial enterprises from corporate income taxes (18% and up on mainland Italy) for ten years; all customs duties were abolished on machinery and other goods for new companies. Small business was encouraged by a government finance agency providing loans up to $80,000, big business by another state...
...Joseph Frederick Cullman III, 45, executive vice president of Philip Morris Inc. (Philip Morris, Marlboro, Parliament), was elected president and chief executive officer to succeed O. Parker McComas, who died of a heart attack last week at 62. "Joe Third" Cullman had been groomed by McComas since he joined Philip Morris as vice president in 1954, when it bought Benson & Hedges. Member of a wealthy tobacco family (Manhattan's Cullman Bros. Inc.) that owns some 80,000 shares (2.5%) of Philip Morris common stock, Joe Cullman graduated from Yale ('35), worked as a $15-a-week cigar-store...