Expert views on municipal bonds tax status and reform
James A. Lebenthal argues federal tax on municipal bond interest is unlikely and cites historical Supreme Court immunity. He notes Proxmire proposals for taxable bonds with partial subsidies and discusses potential shifts to direct federal borrowing. The piece includes investor questions and further commentary from Shulsky in the Gazette.
MENTIONED IN THIS ARTICLE
James A. Lebenthal
Lebenthal and Co
Uncle Sam
Senate
Supreme Court
Marshall
McCulloch Vs. Mary
Proxmire
U.S
Official Sees Rise in Self-Service Stations
In New York the head of Munford Inc predicts most Americans will pump their own gas within a few years with savings of two to five cents a gallon. Dillard Munford, president of Munford in Atlanta, expects 200 Munford stores to offer self service gasoline by year end. He notes self-service outlets have grown five-fold in three years.
MENTIONED IN THIS ARTICLE
New York
UPS
Dillard Munford
Munford, Inc
Atlanta
Munford
Grand Slam Try in Bridge Ends in Victory After Precise Play
The narrative details a slam attempt by South after North’s strong jump to game. South studies dummy’s and the opponents’ cards, ruffs diamonds, manages trumps, and uses careful discards to secure all thirteen tricks despite a rough diamond break. The result hinges on exact timing and clever ruffing.
MENTIONED IN THIS ARTICLE
North
South
East
Bridge bidding puzzle with hearts and doubles
South holds 18743 Y2 AK943 762 and faces double from West after a complex auction. With partner not yet in the action, the practical choice is to pass and hope for the small slam, but the puzzle asks what to do if West doubles two hearts.
MENTIONED IN THIS ARTICLE
West
Also Mentioned on This Page
the Investor’s Guide
Sam Shulsky
Mr. Shulsky
Gazette
Berlin
Government Information Service
People’s Own
Pappenheim
Optima of
Fice
Erfurt
Dial
Sam
Shulsky
Akigs
East Ad
East South Pass
By Oswald
James Jacoby
Wilioe
Marty Gutmacher
Cedar Rapids
Iowa City Mall
Sycamore
Killian
Iowa City
Leone
Taiwan
Churchill
Lindale Plaza
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