40 Year Limit on Foundations Faces Tax Reform Change
Washington AP reports the Senate Finance Committee voted to cap the life of private, tax exempt foundations at 40 years. The rule would affect nonoperating foundations including Ford, Rockefeller, and Carnegie groups, forcing asset distribution or conversion to taxable entities after four decades.
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Television Today Highlights Political Media Influence
Hollywood reports on how manipulated media is shaping politics and possibly superseding party structures. Herbert B. Alexander of Princeton discusses campaign costs, network reach, and broadened news definitions aiding broadcast campaigns. Bob Hope tops Nielsen ratings as NBC leads weekly viewership.
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Escaped Tennessee slayer arrested in Davenport
Davenport police say Lynch, 54, a Bedlington park board employee since 1968, was arrested on a fugitive warrant after fingerprint checks revealed he escaped from the Tennessee state penitentiary in June 1966 where he served a 99 year murder term. He was charged locally with drunken driving license violations and carrying a concealed weapon.
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Iowa corn harvest near last year's pace at twenty percent
Des Moines dispatch reports Iowa corn harvesting about 20 percent complete, roughly matching last year's pace. October temperatures run six to seven degrees below normal, risking a notably cold month. yields lag the five year average. Soybean harvest slowed with about 60 percent completed, below prior years and the five year average.
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Moon Laboratory Director quits amid leadership change
Dr Persa Bell, director of America's Moon Laboratory, resigns after learning an engineer will take over high duties. Bell, a critic of lunar plans, announced resignation in staff meeting and said he preferred a move from lunar receiving laboratory director to an assistant under Anthony Calla, the newly named director of science and applications.
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Pentagon panel linked to defense contractors sparks," (Note: This line exceeds 70 chars and is not suitable. adjust below.)
Democratic Senator William Proxmire accused a Nixon panel set up to study Pentagon management of being dominated by defense contractors. He cited eight members with combined defense interests over 1 billion dollars, calling the panel a Pentagon creature and a potential sham that could bias findings. He urged Congress to conduct its own investigations for unbiased results.
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Laird Calls For Review Of World Commitments
Secretary of Defense Laird told a Wisconsin youth conference that the Nixon administration will reexamine foreign commitments to reduce U S world policing. He noted Congress approved many treaties and said a broad policy review may bring Congress back into the review of commitments as withdrawals from Vietnam proceed. Outside, demonstrators urged faster pullout while students pressed for concrete action and budget limits.
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