Word: exempts
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Although the court noted that the Bureau of the Budget knew of Wenzell's dual role, it pointed out that this provided no exemption from the conflict-of-interest statute; Government officials cannot exempt underlings from the statute. "Wenzell's primary allegiance was to First Boston," said the court, and his loyalty to the Government only "fleeting...
...from champagne to Johannisberger Riesling, in a modern, $7,000,000 plant that has the first stainless-steel grape-crushing machine in the industry. They refuse to advertise on radio, TV or billboards, because they consider it inappropriate. The brothers, like almost all the religious businesses, have long been exempt from taxation. But a new clause inserted in the tax laws in 1950 left their status in doubt (though it did not affect most other church-sponsored business). To escape the ambiguity of their situation, the brothers shook up their business organization in 1957, have been paying full federal taxes...
...They sell for slightly more than similar jellies. "We have a fair markup," says Father John Holohan, St. Joseph's subprior (who has permission to talk because he must confer with "the outside world"). "We have never wanted to take advantage of our free labor and our tax-exempt position." The monks are building a new and automated kitchen, have set themselves a goal of 3,000,000 jars of jelly a year...
Last week, as a result of a long fight by Pennsylvania's attorney general, the trustees of the tax-exempt Barnes Foundation finally relented-though not too much. If all goes according to plan, the collection will be open to a maximum of 200 people a day two times a week on a first-come first-served basis. And the foundation's unlisted telephone number must now be put in the book...
...Ford and G.M., said Romney, have been moving production out of Michigan and even expanding abroad "rather than facing the problem and doing something about it." They will soon produce parts abroad for use in cars assembled here, he predicted. "It is a cold, calculated effort to become exempt from national boundaries. I hope our candle will help the others to see the light...