Word: provisionals
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EVERYBODY knows that it isn't good for the same guy to own all the newspapers and television stations. So Ernest Hollings won some sympathy last week when he said it was "on principle" that he attached to a catchall spending bill a little-noticed provision that may force the...
Buried in the budget bill passed by Congress last week was a provision that will have a profound impact on U.S. business ties with South Africa. On Jan. 1, American firms will no longer be able to deduct taxes paid to the South African government from their U.S. tax bill...
Another assault on phone porn came last week from the Federal Communications Commission. In its first such action, the FCC began moving against two California companies it believes are violating its regulations limiting the access of minors to dial-a-porn messages. Those rules, which many porn services ignore, seek...
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...
Ironically, what defeated the initiative of Polish Leader General Wojciech Jaruzelski was an electoral provision designed to foil any attempt by opposition forces, however unlikely, to hold a referendum someday on abandoning the Communist system. Under that rule, approval requires a majority not merely of those who actually vote but...