Pennsylvania highway fund repeal debate shifts with debt costs
Governor Milton Shapp endorses repealing the Motor License Fund to merge highway revenues into the General Fund. He argues debt payments of 204 million annually would drop to seven percent of spending, potentially lowering interest costs and attracting Wall Street financing for future road builds. Opponents from PHIA warn repeal would disrupt long term planning and delay projects.
MENTIONED IN THIS ARTICLE
Milton J. Shapp
Pennsylvania
Wall Street
Shapp
Pennsylvania Highway Information Association
PHIA
Paley signals CBS leadership shift at 75
William S. Paley announces steps to step down as CBS chief executive and nominates John D. Backe as successor. Paley, 75, says he may remain as board chairman or pursue other interests, but remains focused on CBS as long as able.
MENTIONED IN THIS ARTICLE
Los Angeles
William S. Paley
CBS
John D. Backe
CBS, Inc
Paley
Pardy
CBS’ Production Center
Studio City
CBS Radio and Television
Columbia Records
Backe
Arthur R. Taylor
Return to safety drives investors to utility stocks in 1976
In a shift from go go growth to safety and steady returns, both individuals and institutions favor high yield, stable investments. Utility stocks rise in popularity as the NYSE Utility Index jumps 23.3 percent in 1976, outpacing the industrial index. Mutual funds focused on income show perceptible growth amid this trend.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Investment trends lift utilities in portfolios and bonds rise
A 12 month view shows income focus expanding about 20 percent with roughly 45 000 participants while growth oriented funds lose about 3 4 percent affecting around 40 000 investors. Utilities share of top institutional stocks climbs from 4 8 to 7 2 percent reflecting rising popularity amid ERISA driven prudence and bond appeal.
MENTIONED IN THIS ARTICLE
Vickers Associates
Vickers
Jim Roberts the disc jockey turned race announcer in Camden
Jim Bishop recalls Jim Roberts, a Camden native who left a cabinetmaker father’s path for radio fame and racing, from WCAM to NBC stints at Hialeah and Palm Beach. His unlikely rise included a joking win with Top Gallant and a later role as VP of Garden State Race Track, steering the venerable track through precarious times.
MENTIONED IN THIS ARTICLE
Camden
New Jersey
Philadelphia
C.A
Campbell's Soup
Jersey
Joe Walcott
Thomas M. Roberts
Tommy
America
Young Roberts
Woodrow Wilson High School
WCAM
Brunner
Garden State
Evey Buck
Atlantic City
Mesembryanthemum
Roberts
NBC
Palm Beach
Hialeah
Kelly
Admiral Vic
Jim
Top Gallant
John J. Brunetti
Hialeah Race Track
Brunetti
Pentagon urged to join drug war with planes and radar
The Senate Permanent Investigations subcommittee submitted a private letter to Defense Secretary Harold Brown urging military aid in the war on drugs. Senators Nunn and Percy claim drug abuse costs reach 17 billion dollars yearly and over 5,000 deaths, insisting DoD and Customs need advanced air and land assets to pursue traffickers. A Pentagon spokesperson says the proposal is being reviewed.
MENTIONED IN THIS ARTICLE
Pentagon
Senate Permanent Investigations Subcommittee
Defense
Harold Brown
Sam Nunn
D-Ga
Charles Percy
Blll
United States
Department of Defense
Also Mentioned on This Page
Japan
Corry Journal
Wang I
By Jay Sharbutt
AP Television
Corwy
Caerier
Ion
Dinblay
G.m
Sylvia Porter
Iit of Fashion
NYSE
New York City
Stan West
NYSA
Ivestor
Jim Bishop
Korea
U.S. Army
George Brunner
Washington
Congress
Customs Service
Jack Anderson
Letelier
Orlando Bosch
Orlando Letelier
Fidel Castro
Bosch
Embassy Row
Henry Kissinger
Costa Rica
Kissinger
Bosths
Venezuelan
U.S
Roberto Carballo
The
Veterans of the Bay of
Pigs
Juan Jose Peruyero
Miami
FBI
Carballo
Israel
Middle East
Carter
Texaco
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