Word: saves
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Dates: during 1970-1979
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...TIME correspondent in Canada for 14 years, Ed Ogle had seen it all before. He watched as the nation's Red Ensign, with its British Union Jack, was replaced by the red and white maple leaf flag; he heard the familiar strains of God Save the Queen fade out when O Canada became the national anthem. Now based in Australia, Ogle is again witness to a growing spirit of nationalism in another Commonwealth nation. The new mood Down Under has been fostered largely by Gough Whitlam, Australia's first Labor Party Prime Minister in 23 years...
...order of the rich to their tax lawyers. Nearly everyone is aware that some Texas oilmen regularly "drill away" their entire tax indebtedness by charging off the same amount as the cost of new drilling projects and at the same time keeping themselves comfortably afloat on the high tax savings allowed seekers of black gold. Less familiar is the fact that Christmas-tree growers successfully persuaded Congress to write a special provision into the tax law granting capital-gains benefits for their product after the IRS had ruled otherwise. Many tax experts believe that for each dollar in interest payments...
...consigned permanently to ski racer's limbo at a very early age. As a rule of thumb, the mileposts are these: undefeated in Torger Tokle and Junior racing circuits to the age of 16, win Something Big by 18, and only a World Cup win or Olympic medal will save you past the age of 21. Over 21 sir? Hand over your race bib and step right into Charon's boat, you won't be taking any flights to Europe or out West to race against the best...
Sargent said his plan was not designed just to save money, reduce taxes and create jobs, but to give better service as well...
...Canada and the U.S., China does not face the acute hunger it did in the early 1960s. Nonetheless, the official journal Red Flag has urged every Chinese to eat one mouthful less each day. "In a country with a large population like ours," said the article, "when a person saves a mouthful of grain a day, he will save a peck in a year, and the whole nation will save up to a hundred million catties [50,000 metric tons] of grain...