American Motors Wins Special Tax Break Amid Bank Extensions
American Motors Corp., the nation's fourth largest automaker, faces a $75.8 million yearly loss yet secures a bank loan extension and a unique tax rebate worth up to $20 million. Congress approved a provision letting the company offset current losses against taxes paid in the past five years, a benefit no other firm can obtain.
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NEW York
American Motors Corp
American Motors
Congress
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Lump Moves Out Of Sofa
In Santa Barbara AP reports a family found a seven foot boa constrictor that had been hidden in the sofa then under the refrigerator. The creature was discovered after a week of not being noticed and promptly removed.
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Lump
Santa Barbara
Calif
Manuel Valencia
Portland Board Renames Girls Polytechnic High School
The Portland School Board votes to rename Girls Polytechnic High School to James Monroe High School next year citing policy to admit boys next term. The change reflects shifting enrollment and gender-integrated education plans.
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Portland, Ore
Portland School Board
Girls Polytechnic High School
James Monroe High School
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