Tax loss mergers reshape profits and taxes
LAC surveys tax loss carryovers enabling mergers to cut taxes by absorbing unprofitable units. Examples include American Motors and Studebaker-Packard, Food Giant Markets buying a gas range maker, and debates over General Motors monopoly risk. The column argues mergers to dodge taxes harm public funds and questions the policy.
MENTIONED IN THIS ARTICLE
Canme
Eniy
American Motors
Studebaker-Packard
Americom Motors
Studebaker- Packard
Markets
General Motors
Chrysler
Ford Dealers
Afl-Cio
La.c
Three Die in Railroad Wreck Fire Near Madison
A Seaboard Airline freight train derailed at Ellaville early Sunday, sparking a fiery blast that left three deceased hoboes burned beyond recognition. The accident occurred as passengers reported no survivors and authorities launched an investigation.
MENTIONED IN THIS ARTICLE
Madison
Fla.fi
Seaboard Airline
Ellaville
Independent Daily Ad Rates and Publication Details
The Independent, a daily except Sunday, lists its Long Beach California address and pricing. It notes second class matter entry on March 27, 1949 and adjudication by Los Angeles Superior Court on October 6, 1941 with case number 0-10280. Monthly and yearly carter/cell rates are shown as 2.00 and 24.00 with single copy 108.
MENTIONED IN THIS ARTICLE
Sixth St
Long Beach
Calif
Low Beach
Superior Court
Los Angeles County
18 Months to See Ike Missile Priority Battles
The article recounts Trevor Gardner’s 18 month effort to push the U S missile program through White House resistance. It details Defense Department rivalries among Army Navy and Air Force projects, plus Secretary Quarles delaying decisions and Gardner’s clashes with the administration over budget and priorities. Gardner resigns after warning that U S military planners underestimate Soviet progress and that time is a critical asset. Eisenhower later publically frames missile progress as accelerated, despite lagging reality, following Gardner’s departure.
MENTIONED IN THIS ARTICLE
Pacific
Gartner
White House
Gardner
Quarles
Wilson
ISBM
Eisenhower
Defense Department
Congress
United States
Russia
Bhinly
Tron
Live the Life of Riley at the Huntington Hotel
A damaged OCR segment describes the Huntington Hotel at 1230 Ocean Blvd Long Beach with garbled details. It mentions private beach access, carpeted lobbies, daily telephone service, nine foot trees by the ocean, rooms and meals priced around 25.50, and various unclear offerings and names.
MENTIONED IN THIS ARTICLE
Riley
Huntington Hotel
Klouk Long
Ocean Blvd
Long Beach
New Wral-Tovwalt
Aed
Joom and Sneals
Turkey
Enine
Throat Care Tips From a December Digest
The December Reader's Digest article explains the throat’s vital passageways for breathing eating and talking. It describes soreness as an important alarm signal and advises readers on when to consult throat specialists and how to care for the throat, including sprays and ointments.
MENTIONED IN THIS ARTICLE
Reader’s Digest
Reader's Digest
Also Mentioned on This Page
Hethlehem Steel
Youngstown Sheet and ‘Tube Co
L.A.G
L. A. Collins
Carsier Celiyary
Tan —— iSingle
Whitehead
BE. Srd
Voth
Charry
Long Seaok
Woin
Ba Vale
Dor
Deglet Noor
Rede Bates
Barhee
Shoat
Vidy S
Ralphs
California
Lamb
Crisco
Usda Choice
Ragede Super Quality
Rath Dlack Hawk Smokie
Rakohs
Quaker State
Morrell Palace
Vek
Sam
Mazda Oil
al Af
Nolley
Benuzit Dry Cleaner O
Neonet
Ringom
Releks Fresh Bakery
Rel
Pillsbury
Packalee
Lakewood & Firestone
Downey
Romorane & van Nass
del Amo
Lakewood
Lakeword
Standway Shopping Center
Anaheim
Ike
ARMY
Navy
Defense
Secretary of Defense
Garnet
Pentagon
Air Force
State of the Union
Camp David
Trevor Gardner
USA
Drew Pearson
Jack Anderson
Simon and Schuster, Inc
America
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