Law of attrition eyed to shield athletes income
Rep. Patrick J. Hillings proposes HAR 8023 to allow a 15 percent depletion deduction for income earned by active athletes in baseball football basketball and hockey as compensation for physical resource loss. The piece questions fairness and broader fiscal needs while recalling sports and literary figures from past eras.
MENTIONED IN THIS ARTICLE
J. A. Livingston
Patrick J. Hillings
Rep
Calif
Congressman Hillings
Hillings
Hillings’ Bill
Christy. Mathewson
Mordecai. Brown
New York Giants
Rand
Chicago Cubs
Matty
Charlie Brickley
Harvard
Harry Kipke
Michigan
Frank Marshall
America
Helen Marian
Helen
Michael
Arlen
Edward Noyes Westcott
Caterpillar Sales Dip in May 1997 Report
Caterpillar Tractor Co. in San Leandro reported May 1997 sales of 62.57 million dollars, down from 63.30 million the prior May. May profit was 4.34 million dollars, or 6.94 cents per dollar of sales, versus 9.73 million and 0.79 dollars per dollar in May 1956. For the five months to May 31, the company earned 309.24 million on revenue of 286.30 million the previous year, with profit 22.96 million versus 22.50 million, and earnings per share of 2.51 compared with 2.49. Results include domestic and foreign operations, with 1956 data adjusted for foreign subsidiary results.
MENTIONED IN THIS ARTICLE
San Leandro
Caterpillar Tractor Co
Stock Pattern Turns Mixed, Few Changes
New York stock action mixed with some gains and losses. Dow Jones average edged down 19 cents at 1 a.m. Rails utilities fell while a few issues rose. First hour volume about 430000 shares, down 130000 from prior session. Analysts cite light money and inflation as key market factors. Kodak slumped while Anaconda rose over a dollar amid merger chatter.
MENTIONED IN THIS ARTICLE
New York
Wall-St
Eastman Kodak
Anaconda
Dobeckmac
Dow
Death of Michael Casey prompts police probe
Police investigate the death of 79 year old Michael Casey found with $10,583 in cash under his pillow including seven $1000 bills. The site of the find suggests the case may involve his life savings and prompts officials to review circumstances surrounding his death in New Haven.
MENTIONED IN THIS ARTICLE
Life Savings
New Haven
Cons
Michael Casey
Tourists Trail Canada Traffic Dip Across Border
Canadian authorities report a small drop in U S visitors entering Canada with 2,494,000 automobile permits issued, down 1.6 percent from the previous year. The data reflects a quieter cross border travel period as Ottawa notes the shift in traveler volumes.
MENTIONED IN THIS ARTICLE
Ottawa
Canada
United States
Hayward Girls In Fremont Frolics at Union High School
Fremont notice features Hayward dancer Jeanatre Perry and Leota Stacker in the solo stage show Fremont Frolics at 2 30 p m in the Washington Union High School auditorium with additional Hayward appearances.
MENTIONED IN THIS ARTICLE
Hayward
Fremont
Fremont Jeanatre
Perry
Pington Union High School
Toxium
Leota Stacker
Two Men Escape From Santa Rita Work Crew
Two men fled yesterday from a Santa Rita Rehabilitation Center work crew. Donal Berry, 28, and Harold Christiancy, 35, both of Puente, California, were serving a year sentence on bad check charges and were at large today.
MENTIONED IN THIS ARTICLE
Leasanton
Santa Rita Rehabilitation Center
Donal Berry
Harold Christiancy
Puente
Calif
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r.Sc
New. York
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San Pablo
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