Word: offing
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Dates: during 1960-1960
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Certain to be adopted by ICC unless the New Haven protests (an unlikely possibility), the report urges "a larger and more direct Federal role" in the problems of urban mass transportation. As a first step, the report recommended that New Haven fares should be raised 20% to 30% to make...
Follies of Management. While the report came out flatly against the Government subsidy sought by Alpert, it also took a strong stand for tax relief. It suggested that 1) the 10% federal excise tax on fares be repealed, 2) the Federal Government should amend its tax laws to encourage states...
The report also hit the "follies" of past New Haven management, said that instead of halting the road's decline, the road's present management has met competition "by an indulgence in loud complaint and self-pity. "The investigators also gave the back of their hand to the...
Those lucky investors who years ago put $20,000 into International Business Machines, or a similar growth stock, and have seen it soar to $500,000 today, do have some problems. How can they get their eggs out of the one big basket, spreading the risk by putting their money...
Macdonald and Berger found that Section 351 of the tax law says, in effect, that a person contributing assets or stock to form a new corporation can receive in return shares in the corporation equal in value to his original stock without paying a capital gain. Their first venture was...