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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 16, 1975
Page
4
New tax incentives and eased mortgage terms are expected to lift the housing sector. The piece explains how the 1975 Settlement Cost law, tax rebates, and a $2,000 homebuyer credit interact with adjusted basis, eligibility dates, and tax liability, plus guidance from Prentice-Hall on typical scenarios and filing.
Washington UPI reports a hypothetical Jones family with $800 gross monthly income showing how many Americans might qualify for food stamps. The piece explains adjusted net income calculations, deductions, and how a family of four could receive a $154 monthly stamp allotment, depending on net income and shelter costs.
Center Line, Mich. AP Chrysler Corp will boost its small car lineup next year with a new subcompact Plymouth imported from Japan. President John Riccardo said the hatchback, smaller than the Dodge subcompact, will enter production next January. He also announced a new luxury compact series this fall to accompany the Valiant and Dart.
The National Book Awards prize for contemporary affairs goes to Theodore Rosengarten for All Gods Dangers, the Nat Shaw autobiography later identified as Ned Cobb. Other winners include Emily Dickinson biography, Hamilton poetry, Bailyn history, Nozick psychology, and Unamuno translation. Awards total 1,000 dollars each, with ceremonies at Avery Fisher Hall.
Eight persons convicted of plotting against President Chung Hee Park's government were hanged in Seoul. They were among members of the outlawed People’s Revolutionary party arrested in April 1974. Six others, including poet Kim Chi Ha, were sentenced to deaths but commuted to life imprisonment. The executions follow emergency decrees issued to quell protests demanding reform.
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