Word: targets
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Dates: during 1960-1969
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...Fortas is a target again. This week's LIFE says that while on the Supreme Court Fortas became involved with Louis Wolfson, a corporate adventurer who is serving a one-year sentence for selling unregistered stock. Three months after taking his oath, says LIFE, Fortas received $20,000 from the Wolfson Family Foundation, ostensibly for advising the foundation on philanthropic affairs. Fortas returned the money after Wolfson was indicted on criminal charges; the reason given by Fortas' former law partner was that the Justice had been too busy with court affairs to do anything for the foundation...
...Administration, running the crisis-plagued Office of Economic Opportunity was a thankless job and an administrative horror. Sargent Shriver escaped last spring after four high-pressure years, and President Johnson never formally nominated a replacement. The post seemed even less promising under the new Administration. OEO was a favorite target of Candidate Nixon, and one of the new President's first deeds was to strip the antipoverty agency of its major programs, including Head Start and the Job Corps. It was no wonder that Nixon was unable to find a new director for three months...
Despite military pressures, South Korea is booming. The gross national product spurted ahead by 13.1% last year. Exports totaled $455 million, compared with $33 million in 1960, and the 1971 target is $1 billion...
Other Administration proposals chip away at a variety of much-abused tax devices. These include some debt-securities popular with conglomerates, such tax shelters as farm losses and certain trust income. Another target is "multiple subsidiaries"-a method by which some companies split up into myriad separate firms to take advantage of the lower tax rates (22% v. 48%) imposed on businesses with less than $25,000 income. Nixon also took aim at some wild abuses by tax-exempt organizations. Among other things, private foundations would be required to substantiate their charitable activities and be barred from financial dealings with...
...having a look at any pieces of the downed plane's electronic gear that they could turn up. The U.S. spy planes often fly along the Soviet littoral near Vladivostok during their rounds of the Sea of Japan. Russia, as well as North Korea, may be a target for their inquisitive electronic ears (see box opposite...