Word: tax-exempt
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...Attorney General simply completes the Administration's calculated gutting of the civil rights division of the Justice Department. Other components of Reagan's civil rights policy--some would say lack of a policy--have been his moves to reduce legal services (whose main recipients are minorities); advocacy of tax-exempt status for discriminatory colleges; opposition to the Equal Rights Amendment; and attempts to block an extension of the Voting Rights...
...Frank Russell Co., a pension-fund consulting firm, showed that over the past ten years, independent investment advisers have earned an average annual return of 12.6% on the money in their care, while banks could muster only 8.3%. As a result, the independents' share of the tax-exempt fund business, which includes pension and profit-sharing plans, has ballooned since 1975 from 20% to 37%, ahead of the banks' 35% and the insurance companies' 28%. Upstart independent firms Like Alliance Capital Management in New York City, Capital Guardian Trust in Los Angeles and LeBaron's Batterymarch...
...importance of state aid in covering Boston's expected $40 million budget deficit, describing what he called "an extended city." He said suburbanites should pay more for the services they use when they shop and work in Boston; he also said he wold try to get Boston's tax-exempt institutions to increase their in-lieu-of-tax payments to the city
HARVARD'S FINANCIAL STAFF got two places of bud news from the government last month; the University was forced to repay $4.6 million in misspent research funds, and new Congressional legislation may curtail all colleges' ability to issue tax-exempt bonds in the future...
...they can take half the city of Cambridge without paying taxes, then they can give Rosa Parks an honorary diploma," he said Saturday, referring to the University's tax-exempt status...