Word: specializes
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Dates: during 1960-1969
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...only concrete action in response to Wolff's proposals came in the middle of the debate. J. Peterson Elder, dean of the GSAS, announced that he would appoint a special student-Faculty committee to investigate sources of graduate student income--one of the issues considered by the Wolff report...
...year aid guarantee, but that he was "leery of the 5-year guarantee--leery of the idea of having tenured graduate students." As a possible alternative to that plan Elder suggested a more thorough investigation of income sources for grad students. Elder said that he would name a special five-member committee--to be chaired by Thomas K. Sisson, assistant and made up of two Faculty members-to study sources of income...
With or without White House backing, Congress should strive to redraw the tax code into something much fairer and less complicated. But serious tax reform will have to attack special interests all at once if it is to have much chance of enactment. Piecemeal efforts invite public apathy, which makes it easier for Congress to acquiesce to the demands of loophole beneficiaries. When tax-code reform is accomplished, Congress will be free to act on some new and imaginative tax ideas, such as Nixon's plan to offer special incentives for the rebuilding of ghettos and Economist Walter Heller...
Taxpayer B used the oil-and-gas depletion allowance to avoid taxes almost entirely on an income before special deductions of $1,110,190. First, he deducted $41,141 for contributions, local taxes and medical expenses. Then he took off $185,468 for the direct costs of his exploration and drilling. Along with other minor deductions, that left him with a taxable income of $866,022, all but $3,980 of which escaped tax liability because of his 271% oil-and-gas depletion allowance of $862,042. He paid the Government $397-as much as the bill for an unmarried...
...down to size will only add to his problems. LTV has such heavy debts that the company faces difficulty in meeting the interest payments-about $45 million this year-out of current income. Partly as a result of the high payments, earnings are down. Excluding such special items as the sale of the LTV Tower in Dallas, profits in 1968 were off 18%, to $28 million; in the year's fourth quarter, they plunged 58%. In order to finance the takeover of J. & L., Ling had to negotiate short-term bank loans of $225 million; he has been meeting...