Word: problems
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Dates: during 1980-1980
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Over the years, Congress has fiddled with the tax code to allow deductions for investments in ventures considered worthwhile but risky, like coal mining, oil drilling and public housing construction. The shelters encouraged the wealthy to invest chunks of income that would otherwise have been heavily taxed. The problem was that in some cases lawyers and accountants found clever ways to make such investments appear much larger on paper than they actually were. In 1976 a major revision of the tax code eliminated some of the most abused shelter provisions...
...past is not always right, of course, nor the innovator always wrong. The desolate eternalist of Ecclesiastes ("There is no new thing under the sun") should be profoundly boring to anyone under 70. The problem is that values (these days, even elementary skills in how to raise children) vanish into the cracks between generations. Anthropologist Margaret Mead believed ten years ago that the West had entered an age so headlong in its rush toward the future that the old no longer had much of value to teach the young. Well, the future no longer seems quite so wildly original...
Holyoke Center building manager David Zewinski said the intake of polluted air at street level is also part of the problem. Because of the construction in Harvard Square and automobile fumes, "contaminants are pulled into the system," he added...
...Public Theater, has a simple answer for why he's directing Lulu, which opens this week: "It's my favorite play." Wedekind's Lulu plays, Earth Spirit and Pandors's Box-a single epic of the rise and fall of a creature of sex-present directors with a simple problem of logistics: in Breuer's words, "how to put the two plays together without making it a six-hour evening and without losing the extravagance...
...global trade balance is a better measure of how each nation is doing, Button said, but he added that the imbalance in bilateral trade "remains a political problem...