Word: sales
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Dates: during 1970-1979
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...National Security Agency were so impressed that they offered the inventors research contracts. When the foursome declined, the agency asked them to sign on as consultants. They refused again. But then the U.S. Patent Office rejected their application for a patent. Reason: NSA had decided that the sale of phasorphones might endanger national security. The agency was willing to reconsider, however, if the inventors would explain how the scrambler works...
That the subject should come up in that form at all is rather amazing. Capital gains taxes are levied on profits realized on the sale of stock, real estate, businesses or almost any asset held for twelve months or longer. As late as 1969 the lid on this tax was 25%; one of the supposed triumphs of the loophole closers of the mid-1970s was to raise that maximum to 49% now, and as recently as a year ago the Carter Administration was preparing a proposal to tax capital gams at full ordinary-income rates, which would have meant...
Sydney J. Freedberg '36, professor of Fine Arts, identified the Slive's paintings for the police. He said the display resembled "a University Press sale," adding that only the Slive's paintings could be "described with the utmost charity...
...sale...
...recession, and the building is now 90% occupied. The Trade Center still remains a drain on the Port Authority, since much of its space was rented at bargain rates and as a result the W.T.C.'s income will not cover its costs for some time. Yet a sale now is unlikely, if only because the Port Authority years ago forcefully proclaimed its need to build-and operate -the W.T.C...