Word: partings
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Dates: during 1960-1969
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...veterans, seem fascinated by the mystery of the true nature of the emerging presidential Nixon. "None of us know this man very well," says Oberdorfer. Yet few fault him for his relative distance from the press. "A certain arm's-length position is a wholesome one on the part of press and President," says Peter Lisagor, who has been covering the White House for the Chicago Daily News since the Eisenhower days. "If we're too close, we lose our detachment, and if he's too close, we keep seeing all the warts...
Closing the Loopholes. To offset part of that loss, Nixon would close some of the controversial loopholes used by the wealthy to avoid taxes. The most spectacular item is a proposed limit on tax preferences-or LTP, as alphabet-minded Washington dubbed it. It would place a 50% ceiling on the amount of a taxpayer's income above $10,000 that is eligible for favored treatment. Income would have to include the appreciated value of property donated to charity, and the ceiling would restrict the amount of deductions that a taxpayer could take for 1) oil-depletion allowances...
...Japanese labor costs still account for a substantial part of the price differential between Japan-made cars and American or German products. Auto workers in Japan are paid an average wage of 6? an hour, compared with $2.42 in West Germany and $5.30 in the U.S. Moreover, industrial output per man-hour has been rising by 21% a year since 1960, while total labor costs have been climbing by only 11%. With such economic advantages, Japanese automakers have lately been able to snare a rapidly increasing share of the world auto market. Auto and truck exports rose 51% last year...
...This is the second in a two-part series on Hugh D. Calkins '45, Fellow of the Harvard Corporation...
...system, since only 30 per cent of its high school graduates even went to college. Using the jargon of the early sixties, it said that schools in "culturally-deprived" areas needed special help, since the "culturally-deprived" homes in Cleveland's ghettoes were "not able to do their vital part" in educating children...