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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 22, 1969
Page
14
A columnist critiques futurist promises of a no work future. He cites Fortune poll data on youths identifying with the New Left, questions a $10,000 future income, and argues wealth requires capital investment and increased productivity. The piece warns of a cycle leading to depression without hard work and policy.
The UAW and Yosemite Park Curry Co plan to operate a new Family Education Center at Black Lake Michigan, a 60 acre site near the state’s lower peninsula. Walter P. Reuther notes two week programs will train union leaders while offering family housing, education, and recreation in a natural setting. The facility includes hotel units, a gym auditorium, an Olympic pool, classrooms, dining, and nearby expansion for family villages and a children's camp. The company was chosen for its experience and ability to host families learning and living together.
Rep. Emmanuel Celler urged removing deductibility from Clayton Act penalties in civil treble damages, arguing price fixing fines should not be written off as ordinary business expenses. A National Federation poll shows 76 percent support. IRS had allowed the write-off after a government case against major electrical equipment firms.
Exterminating firms can install mechanical barriers around entry points with periodic inspections included in long-term contracts. Obtain two to three cost estimates, typically between 180 and 230 dollars, to prevent termites before they cause damage. It notes heart transplant costs around fifty thousand dollars, give or take a few thousand.
In San Francisco the Pacific Mutual Life Insurance Co plans a portable downtown parking garage as interim income from land. Pacific executive Harry J. Mueller says land values in the financial district will rise, making parking use less viable long term. Charles Bertley notes the $330 unit costs two thirds less than permanent structures and the frame uses steel girders with removable prestressed slabs.
The SEC ruled that mutual funds using restricted stocks to inflate values violate federal securities law. The Mates Investment Fund faced suspension of redemptions and order to allow withdrawals starting July 22 while its president Frederic Mates was barred from broker activity. The decision signals a broad crackdown on go go funds holding unregistered restricted stock.
A feature promotes range management as a broad outdoor career. It outlines education paths in range management and range science, describes duties from grazing plans to land restoration, and notes employment across federal, state, and private sectors with salary ranges and opportunities for women.
Union America Inc will list its shares on the Pacific Coast Stock Exchange this Monday. Union America owns 99.9 percent of Union Bank Los Angeles, the nation’s largest regional bank with 17 offices in Southern California and expansion into Northern California via Oakland Bank of Commerce. It also holds Western Mortgage Corp, Union America Computer Corp, Swell Crawford insurance brokers, and Harbor Insurance Co. President Robert H. Vork says the listing will provide access to a major exchange, fast price discovery, and broader coverage for shareholders.
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