Bigger Business Losses From Disaster Now Allowed
Sylvia Porter explains a new tax rule in 1959 allowing larger casualty loss deductions for business or rental property damaged by fire, storm, flood, or other disasters. The article outlines choosing between old and new rules, conditions for earlier years, and methods to measure loss using depreciation, market value, or repair costs, with examples and guidance for taxpayers.
MENTIONED IN THIS ARTICLE
The
Research Institute of America
New York
Treasury
Stratton Pays Meter Fee After Wrong Parking
Rep Stratton of New York paid an 11.20 dollar parking fee after parking at a privately owned meter near Washington's railroad station for two days. Congressmen normally park at city meters for free. The bill surprised him when he learned the meters were privately owned.
MENTIONED IN THIS ARTICLE
Washington
Stratton
D-N.y
Dick Clark Hosts Monti and Comstock on Bandstand
Dick Clark welcomes Lou Monti and Bobby Comstock to AMERICAN BANDSTAND airing Thursday at 4 on KCRG TV 9. The program promises pop music performances by the two artists on the local TV stage.
MENTIONED IN THIS ARTICLE
Dick Clark
Lou Monti
Bobby Comstock
Kcrgtv
Israel Quietly Aims To Ship Through Suez Canal
Israel plans to move cargo through the Suez Canal despite Gamal Abdel Nasser's blockade. A foreign ministry spokesman says Israel seeks quiet passage, not test cases, while awaiting release of the freighter Inge Toft detained at Port Said nine months.
MENTIONED IN THIS ARTICLE
Jerusalem
Israel
Suez Canal
Nasser
Port Said
Foreign Ministry
Inge Toft
Israel seeks open Suez passage despite canal control
Golda Meir asserts Israel will push for ships flying the Israel flag to pass through the Suez Canal. The foreign minister insists Israel must keep the issue in world view, aiming for free access to canal routes and cargo passage, while urging safety in transit.
MENTIONED IN THIS ARTICLE
Israel
Suez Canal
Danish freighter Inge Toft detained in Haifa canal standoff
The Danish 4,000-ton Inge Toft under American charter was stopped by Egypt while attempting to pass the Suez Canal on May 21 with Israeli cargoes of cement, potash, marble and scrap. after 814 months in harbor the captain yielded. It was the third such detention in 1959 amid wider tensions over canal access and trade.
MENTIONED IN THIS ARTICLE
Jimmy Hatle
Cedar Rapids
Haifa
Israel
U.N
Egypt
Inge Toft
Far East
Erhard Schultz
Also Mentioned on This Page
Sylvia Porter
Hoppen
Exmo
General Electric
Third Avenue
Empire
Suez
Golda Meir
Charlie Sez
Consolidated Credit
First Avenue
O.K
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