Word: exempts
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...students will quickly be introduced to Cambridge politics in a mayoralty campaign that promises to be one of the hottest in recent years, when the issue of taxing tax-exempt Harvard is raised by one or more of the candidates...
Last fortnight Lord Beaverbrook's Hearst-like London Sunday Express demanded that hopelessly unfit oldsters should be retired at once in favor of nimbler men, who, as directors of industry, would then be exempt from the draft. Suggesting that shareholders look over their boards of directors, the Express advised a test: "Ask the chairman if he can ride a bicycle. If he can't, then get a new chairman...
...Latin-American countries were exempt from the most vital provisions (as the President wished...
...speculating. Last week the New York Stock Exchange issued a new regulation to satisfy SEC. It forbade general partners of member firms from trading on margin through their own or other member firms. (Like other investors, they can, of course, trade on borrowed money if they obtain it elsewhere.) Exempt from this rule were specialists and certain technical transactions. The Exchange warned partners that the brokerage accounts of their close relatives would be scanned to see that the spirit of the new rule was observed...
...report recognizes the fact that the English department teaches competition and that students exempt from English A are expected to write clear prose, but the Committee recommends that "every other department should insist that ideas be clearly and correctly expressed before they are accepted are evidence that the student possesses an adequate grasp of the subject...