Word: profiteered
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Dates: during 1970-1979
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...Pals Bebe Rebozo and Robert Abplanalp in 1970, and that his decision not to do so was accepted by the Internal Revenue Service. If he did not pay a tax - and did not, for complicated technical reasons, defer it - the President must have claimed that he realized no profit on the transaction. Yet Nixon managed to keep his house and six acres of choice waterfront land while selling off 80% of his property for 83% of his purchase price. How such a deal could avoid a capital gains tax remained a mystery...
...that cooperation between the two offices will be quite substantive. "The staffs will be traveling and probably interviewing for each other," she said. "I think that working more closely together will be to the advantage of both--for Harvard because it needs women and for Radcliffe because it can profit from the expertise and links to the University's intellectual community which Harvard's admissions officers have enjoyed for a long time...
...made public at the time of the sale? The White House will not say; nor will it explain why John Ehrlichman indicated nearly two years after the B. & C. deal that Nixon was still looking for a buyer. Did the President pay capital-gains taxes on his apparently sizable profit from the B. & C. sale? He has not said. Is the B. & C. Investment Co. registered somewhere? Neither its owner nor Nixon will say. Why the unusual trust arrangement? Again, no clear answer...
...Caught flat-footed by this surge, neither U.S. purchasers nor Canadian suppliers see any quick solution. New paper mills are costly ($50 million to $100 million each) and take two to four years to build; many Canadian mills are reluctant to risk such huge investments on the relatively low profit margins (5% this year) earned by cheap newsprint...
...order spokesmen, and the motion even received personal endorsement from a representative of the hard-line National District Attorneys Association. When the votes were counted, the A.B.A. was solidly behind dropping penalties for both possession of limited quantities and "casual distribution of small amounts not for profit." The lawyers' vote showed concern that police and courts have been busy with pot cases at the expense of more serious crime. The A.B.A. was also distressed over the dangerous legal precedent of open disregard for marijuana laws. Concluded Frank Fioramonti, legislative counsel to NORML (National Organization for the Reform of Marijuana...