Word: reform
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Dates: during 1980-1989
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Because tax reform abolished the capital gains tax deduction as of January 1, many local landlords were scrambling to unload property while it was still profitable. The University is perceived as a logical buyer because, Zeckhauser says, "Harvard tends to pay cash, and it's a big entity" in the Square...
...Ronald Reagan had been flying high. After playing upon that summer's drug hysteria the way a Horowitz plays upon a Steinway--only to fail to come through with the money or resources to actually do something about substance abuse--the President reaped the benefits of a popular tax reform bill with which he had little to do and, in fact, the concept of which he long had opposed. Then, during the first week of October, the cargo plane of one Eugene Hasenfus, an American mercenary, was shot down inside Nicaragua trying to deliver supplies to the contras...
...almost unbearable sense of rage or sinking into the worst kind of apathy. Has Harvard given me the equipment to hate my region coherently and eloquently or to return to it with a love that springs from understanding the South's shortcomings and the tools to help reform them...
...University's buying frenzy last year is attributable, in part, to the recent tax reform which abolished the capital gains deduction as of January 1, 1987. Harvard Real Estate (HRE), Inc., the University's property management firm, was approached by a number of local landlords interested in unloading parcels of land in 1986 before the tax laws changed...
...basis of "mutual agreement." Still, the final communique reflected an awareness of Western concerns by stating that the pact stood prepared to redress the "imbalance that has arisen in certain elements." Mainly, however, the conference served the purposes Gorbachev had intended: to encourage policy discussion, in the spirit of reform, and to exert discipline over the Warsaw Pact, in the spirit of tradition...