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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 01, 1977
Page
5
Tax treatment of home sale gains varies by use of proceeds and replacement housing. Deferring tax through a replacement home changes the basis, while selling without a new home or renting ends the deferral and taxes the gain. The article also notes a new rule on child care expenses and provides pricing details for related booklets.
Hustler publisher Larry Flynt addressed Wake Forest University students accepting a Man of the Year award while defending freedom of speech. He faces an obscenity conviction appeal in Cincinnati and was briefly out on bond. Flynt argued obscenity remains tolerable if it challenges social norms. He teased a free Hustler subscription for students who cheered him.
Raleigh officials warn a binding statewide referendum on the Equal Rights Amendment would face court defeat. An advisory referendum also risks legal challenge. Deputy Atty. Gen. Howard A. Kramer notes Supreme Court rulings limit ratification to legislatures or a convention. Senate debate follows as researchers study constitutionality.
Andrew Young became president of the United Nations Security Council for March and African nations plan a debate to push a mandatory arms embargo on South Africa to oppose apartheid. Young favors U S support but cannot predict the administration stance.
AP reports National Humanities Center official Dr. William J. Bennett notes a survey of 368 eighth graders found seven of their top ten heroes are TV actors including Winkler Fawcett Majors Travolta Glaser Soul and Carter. He urges real life models to guide youth and criticizes superficial hero worship.
Charlottesville resident Anna Manahan says she is tired of proving she is the Grand Duchess Anastasia and shows no interest in further backing. An ear comparison by Moritz Furtmayr suggested a high number of identical points, but Manahan, wife of a UVa professor, rejects the notoriety and rejects further questions.
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