Word: buys
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Dates: during 1950-1959
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Customer's Right. In Hartford, Conn., the two salesmen hawking $2 automobile emergency lights to employees in the State Office Building did a booming business until they barged into the "Sales and Use Division" where an unimpressed prospect made them buy a sales permit and a $50 bond...
...Singapore, Police Chief Alastair McEwan had been tipped off that Westerling would turn up "very soon" to buy arms and sign up recruits for the Heavenly Host. McEwan arrested the swashbuckling outlaw for entering the British Crown colony illegally. Singapore police carelessly put him into a prison cell with an Indonesian student named Haris Porkas. Half an hour later, Porkas was carried out with a broken jaw. Westerling said that Porkas had provoked the fight. When Westerling offered his hand, Porkas spat...
Disgusted, Bill Pawley turned to dollar-hungry Britain. The British Export Credits Guarantee Department said it would establish a $7,700,000 credit, enabling Pawley's Autobuses Modernos to buy 620 all-steel, 41-passenger buses from England's Leyland Motors, Ltd. The government guarantee would cover 85% of the buses' cost; Pawley would pay 10% when the deal was closed, the balance over a three-year period...
Some schools, however, have abused their tax-exemption privileges. Such abuse has generally taken two forms: either colleges own and operate commercial establishments that are in no way or only remotely connected with their education affairs; or schools buy properties and lease them back to the seller. Both of these maneuvers avoid the 38 percent corporate income tax because they are in the "charitable institution" category; both are legal because of the loopholes in present tax laws...
...gave in without a court fight. In a consent decree, it agreed to make its process, skilled know-how, and its 152 patents available to others. (In a 1948 consent decree, Eastman had agreed to end its film deal with Technicolor.) No longer will film producers be required to buy all of Technicolor's 25 services (e.g., printing, processing) in order to get any one service. Within a year, at least two Technicolor cameras will be available for rental with no strings attached...