Underground Economy Grows Quietly Across California
A AP report surveys California’s underground economy where workers like Colette the hair stylist and Steve the plant grower earn cash off the books. Officials estimate tax gaps of 1.5 to 2 billion yearly in California, with federal gaps exceeding 87 billion, while cheaters rise as tips and second jobs stay unreported.
MENTIONED IN THIS ARTICLE
Los Angeles
Colette
Redondo Beach
Steve
Topanga
O.J
Venice
California
Ed Crosby
First Interstate Bank
Internal Revenue Service
Roscoe J. Egger
Robert Giannangeli
IRS
Telephone bills rise 2 percent under new tax law
Washington AP report notes starting January 1 a 3 percent excise tax on phone bills raises overall charges by 2 percent. AT&T and USITA say the levy will bring about $1.9 billion in 1983, affecting local and long distance service for about 1,500 carriers. The tax is part of a $100 billion package covering various levies.
MENTIONED IN THIS ARTICLE
Washington
Congress
American Telephone & Telegraph Co
United States Independent Telephone Association
Uncle Sam
At&t
Pic Wagner
Hank Wieland
USITA
Riots calm in Miami as tensions linger
After a second day of racial violence in Overtown and Liberty City 21 people were injured and police remained on high alert. The shooting of 21 year old Newell Johnson Jr by a Hispanic officer sparked the unrest. The FBI will probe the shooting while officials say Overtown is secure with limited arrests.
MENTIONED IN THIS ARTICLE
Miami
Newell Johnson Jr
Justice Department
FBI
Overtown
Alonso R. Singleton
Liberty City
Ed Goss
Reagan Optimistic On Soviet Arms Talks in Geneva
President Reagan says U S officials believe the Soviets are negotiating in earnest at Geneva and expresses optimism for an arms reduction pact in 1983. He also hints Brent Scowcroft may head a new commission on MX missile deployment after Congress objected to Dense Pack silos near Cheyenne Wyoming.
MENTIONED IN THIS ARTICLE
Palm Springs
Calif
Reagan
U.S
Geneva
White House
Brent Scowcroft
Scowcroft
Henry Kissinger
Nixon
Gerald Ford
Kissinger Associates, Inc
Defense
Harold Brown
James Schlesinger
Schesinger
Commission
Congress
Cheyenne
Wyo
Regular fusion tests could start in April at Tokamak reactor
Princeton University researchers announced that the $314 million Tokamak Fusion Test Reactor achieved a successful 50 millisecond plasma formation on December 24 and aims for regular tests beginning in April with the goal of break even by 1986. The device is praised for superior confinement and potential to use seawater-derived deuterium.
MENTIONED IN THIS ARTICLE
Plainsboro
N.J
U.S
Princeton University
Harold P. Furth
Princeton Plasma Physics Laboratory
Princeton
Furth
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