Word: sales
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Dates: during 1970-1979
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...disruptions brought on by the war, they find Rhodesia disarmingly serene-no more troubled than other countries with rural insurgencies, including Viet Nam in the early '60s. Rhodesian products, notably the excellent $1.50 steaks, remain cheap by world standards. Houses and rich farm property are available at fire-sale prices. One foreign resident in Salisbury just paid $42,000 for a six-bedroom house on two acres, complete with pool, tennis court and sauna...
...example, Treasury has filled in many details of its proposal to tax capital gains at full ordinary-income rates, which will probably be the most hotly disputed part of the program. (At present, only half of capital gains-profits on the sale of assets, such as stock or real estate, held for more than nine months-are taxed.) Contrary to many predictions, Treasury proposed no exemption for the forest-products industry, which is heavily, dependent on capital gains for earnings and is likely to be a fierce opponent of the measure...
...other hand, Treasury would take a more lenient than expected stance in taxing money from the sale of a family home. At present, profits on such a sale are not taxed so long as they are reinvested in another home within 18 months. Treasury now proposes in addition to exempt the first $75,000 profit on the sale of a home even if the seller puts the money in the bank rather than using it to buy another house...
That $1.25 billion sale would represent an enormous victory for Airbus Industrie, a French-German-Spanish company that is now struggling to keep production lines open and sell enough planes to break even. No European-made passenger jets have been bought by U.S. carriers since the 1960s, when American Airlines and several other carriers took delivery of a flock of British BAC One-Elevens, and United purchased 20 French Caravelles. To win the key Eastern sale, Airbus Industrie offered the airline an in expensive lease deal to try out the planes...
...almost comical in its portentousness. With no apparent irony, Drabble describes one of Alison's conversations with Keating: "She spoke of the state of the nation." During a get-together between Keating, his ex-wife and their children, "they talked of his father's funeral, of the sale of the old house, of the problems of squatters, of property rights and the property market, of inheritance, and wills, and money, and North Sea Oil, of leaseholds and freeholds, of solicitors and stamp duty." Chatter like that is enough to give solipsism a good name. Yet such lapses...