Word: ratings
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Dates: during 1970-1979
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Congress might place limitations on the refund, but if Chrysler really loses $400 million this year, it could collect as much as $186 million. That is the amount it might have had to pay on a $400 million profit, assuming the usual 46% corporate tax rate. If Chrysler makes money again, it would not be able to offset those earnings with this year's loss, and the Treasury would start to get its money back from Chrysler's higher taxes. A dispensation from the loss carry-forward provisions stands a fair chance in Congress...
...bishop is attacking the marriage problem with characteristic zeal. Catholicism considers marriage to be "indissoluble"; divorce is not recognized and remarriage while the spouse is alive is forbidden. Yet Arizona Catholics' marriages are breaking up at a rate similar to the general population's. Rausch spent two dreary weeks pondering the rolls of failed marriages at the diocesan tribunal. Says he: "I read how these people had suffered, and decided we had to do a better job." He summoned a task force of 25 priests, nuns and laity to develop a plan. He took the task force...
There are some signs that the gold-rush days may be over. Inflation is running at an annual rate of 15%; labor shortages and urban congestion have become major problems. Although the government has begun a stabilization program to redress imbalances and control inflation, an economic downswing could spell trouble for Park, who until now has deflected political dissent by producing prosperity...
...used to be. A study released last week by U.S. Trust, an old-line Manhattan firm that specializes in handling O.P.M. (other people's money), reports that the nation's millionaire population, helped along by inflation, has in the past decade been growing at an average annual rate of 14%. Today, the company calculates, precisely 519,834 Americans-or about one in every 424 citizens-have a net worth of $1 million or more. In 1972, by contrast, the Government count of millionaires was "only...
...typical day for Higginbotham and Helton begins with a lecture, then moves on to mathematical exercises-say, computing the rate at which heat will be produced by withdrawing control rods from the reactor's core. But the most important training is the "hands-on," or practical, instruction. The classroom is a gleaming, $3 million air-conditioned simulation of the control rooms in 42 G.E. reactors now in operation around the country. With one important difference: the training center's controls are connected to a computer, not a reactor. Jokes Instructor Jerry Maher: "We have everything but Jane Fonda...