Word: reals
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Dates: during 1960-1969
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...REAL ESTATE: To avoid paying income taxes, some American real estate owners hold large sums of cash in numbered Swiss accounts. How can they ever use the money? They have the Swiss bank arrange to "buy" some of their properties with money from their own anonymous accounts. In that way, the money is repatriated to the U.S. One real estate man, for example, "sold" a piece of property for nearly $1,000,000 but did not have to pay taxes on the deal since the property had cost no more than that when he purchased it. There was a further...
...rising exports had lessened its chronic trade deficit during November. The franc rose even though France announced a $200 million November trade deficit, triple that of October. The money was stronger because, for the moment, most Frenchmen seemed to be accepting De Gaulle's stringent curbs. But the real test will begin early next year, when unions are expected to demand pay increases...
...result is an often flawed, some times naive but largely fascinating chronicle whose inflated pretensions as a work of real scholarship are punctured by swarms of errors. As a work of history, the book is marred, too, by an overwrought style and an unbecomingly snide use of irony. Manchester is not fond of the Germans, and he caricatures them either as superefficient and slavishly obedient or as a folk barely removed from dwarfs and dragons, blood feuds and bags of tainted gold...
...Corporation cannot respond to the issues of "the real world," Galbraith said. The University has given little encouragement to those from Harvard who are working against the Vietnam war, he added...
...present defects in Harvard's government "are both real and dangerous," Galbraith said, and can only be solved by increasing Faculty participation in the university government...