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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Aug 21, 1975
Page
2
The MacMillan Publishing Company, a major press, plans 1984 textbooks with preface guidelines aiming for a more egalitarian society. The rules push portraying blacks as executives despite underrepresentation and emphasize potential rather than current negatives.
A column ridicules MacMillan on stereotypes while IRS tees up taxes for CREEP. IRS audit shows about 3 million in nonpolitical expenses with 1.6 million in taxes due. Trustees run Campaign Liquidation Trust face a $5 million Watergate suit from Spencer Oliver as negotiations proceed.
The piece discusses potential IRS action over CREEP funds if the $1.6 million tax bill stands, threatening trustees with shortfalls after a proposed $200,000 payout. It notes political expenditure implications, limited comment from trustees, and an IRS stance of no comment on audits. It also surveys Soviet grain deals, agricultural holds, and political-oversight anecdotes from the period.
A reminiscence on how the name on sneakers dominated shopping choices for kids and how branding now steers purchases. The piece shifts to New York commentary on leadership tradeoffs, noting how policy aims like grain sales to the Soviet Union and easy money influence prices, jobs, and the economy, with potential downsides.
Analysis of inflation and wage price controls as federal policy options posing risks of recession and unfair burdens. Discusses lending to New York City, bond markets, and the need for stability versus free enterprise. Considers banker caution on high rate mortgages and the general uncertainty faced by ordinary Americans.
The Corry Evening Journal lists staff including publisher George R. Sample and editor William S Eston and notes AP content licensing. It provides pricing notes for subscriptions by rail and mail, carrier rates, and display advertising deadlines.
Treasury Secretary William Simon denounces the food stamp program as a rip off while President Ford proposes tighter eligibility. The piece notes rising costs from 1962’s $14 million experiment to $6.5 billion this year and 19 million beneficiaries, plus critique of foreign aid and welfare dependence. It highlights Nobel laureate Borlaug’s view that aid may hinder development and ends with a prisoner's plea about welfare’s impact in Michigan.
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