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...drop their dual school systems within four years or openly agree to permit Negro students to enter any school of their choice, except where a school is seriously overcrowded. So far, he has accepted the plans of only twelve (out of some 2,000) Southern districts, has actually withheld the distribution of some $200 million in federal aid under previous programs. He is also turning a critical eye on many Northern school districts that seem gerrymandered to create virtually all-Negro or all-white schools...

Author: /time Magazine | Title: Essay: THE BIG FEDERAL MOVE INTO EDUCATION | 4/30/1965 | See Source »

Last week, after hearing 64 witnesses and listening to brain-numbing testimony that covered 18,020 pages of transcript, the jury chose to believe Steele. It awarded him a fat $7,500,000 as compensation for the 62,000 shares of founders' stock that he claimed had been withheld from...

Author: /time Magazine | Title: U.S. Business: The Champagne Case | 4/30/1965 | See Source »

...enacted 13 months ago. While Congress reduced income tax rates in a two-stage, two-year process, it slashed the uniform 18% withholding rate to 14% in one swoop. The result was that about 20 million of the nation's 65 million taxpayers did not have enough withheld from their salaries, had to cough up some $500 million more...

Author: /time Magazine | Title: Taxes: Who Has a Dime to Spare? | 4/23/1965 | See Source »

Salaried taxpayers in the middle and upper brackets took the worst beating. If he took the standard deduction, for example, a $20,000-a-year man with a wife and two children wound up $707.21 in the red-even though $2,975.79 had already been withheld. The smaller the brood, naturally, the more to brood about. While a married man with two children and an income of $7,500 came out $52 ahead, the $7,500-a-year career girl found herself $168.20 in debt to the Government...

Author: /time Magazine | Title: Taxes: Who Has a Dime to Spare? | 4/23/1965 | See Source »

...Securities and Exchange Commission charged Monday that 13 men--including one of the five Fellows of the University--illegally withheld information of a rich Canadian ore discovery while they, or their business associates, bought stock in the company that owned the deposits...

Author: By Robert J. Saumelson, | Title: Harvard Fellow Named In SEC Suit | 4/21/1965 | See Source »

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