Word: union
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Dates: during 1940-1949
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Benjamin H. Balkind: CRIMSON business editor, Union Dance Committee, Debate Council provisional, Dunster Dance Committee...
Alvin H. Baum, Jr.: PBH Brooks House Committee, Dramatic Club, Union Dance Committee, Combined Charities Drive...
...plans than pay for a major expansion of the Government's Social Security program. Growled One Midwest manufacturer: "Our whole system is degenerating to the point where something for nothing is a fad . . . The mad scramble is to be one of the fortunate few ... on the receiving end . . . Union leaders are playing the role of a master of ceremonies on a giveaway program...
Unhappy Treasury. But the U.S. Treasury was not quite so happy about the deal. It has been concerned about the problem of "sell & leaseback" since 1945, when Union College of Schenectady bought, for $16,150,000, the buildings of Allied Stores Inc., and leased them back to the company. Soon other colleges were buying not only real estate but commercial businesses as well. So many U.S. stores and other enterprises have sold their property to tax-exempt institutions* that the Treasury is now losing an estimated $1 billion a year in income taxes. A survey by the American Council...
...Among the deals: Manhattan's Western Union Bldg. to Omaha's tax-exempt Woodmen of the World Life Insurance Society, for $12.5 million; Philadelphia's Lit Bros. store to the University of Pennsylvania, for $3,000,000. Wheat Farmer Thomas D. Campbell's huge Montana ranch to the U.S. Wheat Corp. of Omaha, owned by a Catholic foundation...