Word: without
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Dates: during 1960-1960
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...Almost without exception, all the items in the show are beautiful in themselves, but the effect on the eye is not all that has concerned Wielgus. "It's all right to say you like something,'' says he, "but this doesn't go far enough. You must know what a piece is all about, and you must study and learn that for yourself. A piece gains value not only for its esthetic qualities. It gains also by use-it must have been used and show signs of use to indicate that it was part of life...
...among world hotels. It would ingeniously combine the best features of a hotel and a motel. On seven of its 18 floors, rooms would sur round a garage core, built under a roof garden and serviced by a spiral ramp. A guest could drive in, pick up his key without getting out of his car, and drive to his room, parking his car right outside. But to San Francisco's Chief Fire Marshal Albert E. Hayes, the guardian of the city's antiquated building code, the hotel was too unusual. Even before he saw the plans, he declared...
...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 into a number of stocks, without paying the 25% federal capital-gains tax? To help investors out of this gilt-edged dilemma, two young Denver bankers, Ranald H. Macdonald, 36, and William M. B. Berger, 35, launched a new mutual fund that permits diversification without selling and paying taxes...
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 Centennial Fund, Inc. In four months 191 investors turned in an average of $125,000 in securities to create a $25.8 million fund. In exchange for their shares, the investors got shares of Centennial, receive Centennial's earnings as dividends...
...Philadelphia dealer, by an inclination of his head, would top a bid by ?500 caught the public's fancy, and Dr. R. knew how to keep publicity afloat. Solemnly he advertised: "Shakespeare's Troilus and Cressida, 1609; First Edition; $12,500. No family can be happy without...