State debt burden rising as Pennsylvania borrows to fund projects
The Commonwealth faces heavier debt costs from highway, environment, and public works spending. State debt stands at 3.51 billion with debt service rising to 250 million this year and forecast to 400 million in four years. Campaign interests and the General State Authority are criticized for financing projects and extracting campaign money. Meanwhile Nixon era memos reveal oil to Hollywood tax perks and political leverage.
MENTIONED IN THIS ARTICLE
Pennsylvania
General State Authority
GSA
Shapp
Hollywood gift parade linked to Nixon campaign
A Corry Evening Journal report details a secret 1972 Hollywood gathering organized by Porter and Magruder to boost Nixon supporters. It claims Minted memos show presidential favors to film industry, including tax concessions and Export-Import Bank loans, with Kissinger later appearing at a Beverly Hills party for 150 guests.
MENTIONED IN THIS ARTICLE
Schreiber
Les Whitten
Nixon
Porter
Ali MacGraw
Kissinger
Hollywood
What is the Law Policyholders face assessment after mutual insurer failure
Policyholders of mutual insurers are both insurer and insured. If a company becomes insolvent, policyholders may owe a proportionate share of debts. Upon liquidation ordered by a court, officials may assess policyholders to cover claims, and proper assessments can lead to legal action to collect and possibly seize and sell a home. Paying the assessment halts the process.
MENTIONED IN THIS ARTICLE
Insurance Commissioner of the Commonwealth
Insurance Commissioner
Compensation for crime victims shifts cost to criminals
The piece argues for expanding Illinois Crime Victims Compensation Act to reimburse victims of violent crime up to 10000 and proposes nonviolent offenders repay victims through supervised employment, funding repairs via taxes, and freeing jail space for violent felons while expanding restitution. It urges broader application and harsher accountability.
MENTIONED IN THIS ARTICLE
Illinois
Nixon optimism clashes with gloomy economic survey
The AP reports that President Nixon's upbeat forecast for 1975 and 1976 clashes with surveys from the University of Michigan showing consumer pessimism driven by inflation shortages and government distrust. Labor data reveal a 5.5 percent drop in productivity in early 1974, raising unit labor costs and price pressures. Economists warn inflation could undermine the economy if not contained.
MENTIONED IN THIS ARTICLE
New York
Nixon
Jackson
Miss
Survey Research Center
University of Michigan
Institute For Social Research
Arthur Burns
Federal Reserve Board
Labor Department
Also Mentioned on This Page
Commonwealth
Washington
Henry Kissinger
Henry
Richard Nixon
Peking
Pat Nixon
John Mitchell
White House
H.R. Haldeman
Jeb Magruder
Herbert Porter
Fred LaRue
Mitchell
San Clemente
IRS
By Jack Anderson
Maurice Stans
Stans
Warner Brothers
Dick Zanuck
MCA
Mike Maitland
Universal
Taff Schreiber
Universal Television
Frank Price
Columbia
Peter Guber
Stu Irwin Jr
Zanuck
Henry Paes
Corry
Associated Press
Mall
Paramount
Bob Evans
Evans
MacGraw
Teddy Kennedy
Teddy
Haldeman
Magruder
Taft Schreiber
Beverly Hills
John Wayne
Art Linkletter
Jack Benny
Chariton Heston
Ronald Reagan
Fred MacMurray
Irene Dunn
Jimmy Stewart
Edgar Bergen
Clint Eastwood
Paul Harvey
Illnois
John Cunniff
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