Word: upkeep
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...fees collected by Catawba from 1972 to 1978 actually was paid for time that Catawba officers and staff had spent on Catawba's financial transactions rather than on managing the other companies. Moreover, said the SEC, another $570,000 in such fees was spent on the upkeep of Great Elm, the 46-acre estate in Sharon, Conn., where the Buckley children grew up. Another $500 a month in fees was spent to help support a family member living in Texas...
...political rhetoric has stressed the "lock 'em up and throw away the keys" approach. Lower court judges anxious for reappointment by elected officials have stepped up jail terms and bail appraisals. In city halls from New York to San Francisco, local David Stockmans have slashed budgets for prison upkeep and inmate care; criminals after all, don't vote. In the eyes of America's political leaders, as long as jails keep criminals farawayfrom potential voters, the care of America's legal outcasts can easily be sacrificed to budget-cutting convenience...
...fact, David Cybulski, who is in charge of piano mainte ance at Harvard, has rebuilt eight of the University's 60-plus pianos this year. But the rebuilding process is extremely slow--taking time away from his equally important duties in piano tuning and upkeep--and over Cybulski's five years here he has completed only 12 instruments...
...allows clubs to attract the good swimmers from their areas and the ones nearby," said Starlit Coach Alan Caldwell. "Every year we have to go through the process of going out and trying to round up sponsors." The importance of money lies not only in the day-to-day upkeep of the facility, but in the ability to help top swimmers make the trip to the big meets. Funds set aside for this sort of expenses help to attract top talent because travel expenses is the closest thing to being a professional that even the best swimmer can ever hope...
...sloop tax shelter He paid $40,000 down on the $150,000 vessel last November and then put it out for charter. The sloop must show a profit two years out of five, but in the years when it loses money, the losses, including interest payments, insurance and upkeep, are deductible from Flynn's regular income. The IRS still permits him to use the sloop 10% of the time, and Flynn took an inexpensive eight-day cruise in the U.S. and British Virgin Islands last...