The United States Supreme Court upheld an Internal Revenue Service decision to revoke the tax-exempt status and deductibility of donor contributions of Bob Jones University and the Goldsboro, N.C. Christian Schools because of racially discriminatory practices. The decision is discussed and comments by Bob Jones III are presented. (MLW)

Discussed are the conflict-of-interest provisions of the Federal Ethics in Government Act of 1978 that limit the activities of high level officials after they leave government service. Designed to deal with officials with inside information who return to private positions of influence, the law's brovisions are seen as much too broad. (JMP)

Internal Revenue Service actions in two areas are of particular concern to colleges: its campaign to remove the tax-exempt status of institutions that engage in racial discrimination, and its efforts to tax unrelated business incomes of tax-exempt organizations. Problems created by these actions are discussed. (JMD)