Parachuting Hijacker Taken Into Custody, Charged
A young man hijacked a Hughes Air West DC9 at Las Vegas McCarran Airport, claimed a bomb, and extorted 50 000 dollars in tens and twenties before parachuting over Colorado. He is in custody at Logan County Hospital Sterling awaiting a federal air piracy hearing. FBI traced ticket to John Shane.
MENTIONED IN THIS ARTICLE
Denver
Nevada
Colorado Plains
U.S
Logan County
Sterling
FBI
Hughes Air West
John Shane
Stapleton International Airport
Las Vegas
McCarran International Airport
Reno
Productivity Slowdown in U S Economy Cited by Analysts
AP Business Analyst John Cunniff reports that U S productivity growth has slowed to 2.1 percent yearly over the past five years, vs a 3 percent five-decade average. Sloan’s Gordon Bloom says industry-wide improvements, not just intrafirm gains, are needed to boost overall efficiency and avoid waste across the system.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
America
Gordon F. Bloom
Sloan School of Management
Massachusetts Institute of Technology
Hijacking suspect captured after F111 chase to Colorado plains
Pilot Don Burkhard of Seattle and FBI directed jets from Reno and Nellis chased a DC9 hijacked aircraft eastward. Near Sterling the hijacker parachuted, was tracked by footprints through mud and snow, found with a parachute and helmet, and handcuffed by Colorado officers. He received medical care for minor injuries and was held overnight.
MENTIONED IN THIS ARTICLE
Don Burkhard
Seattle
Denver
Reno
Air Force
FBI
Sterling
Nellis Air Force Base
Edward Satterfield
Satterfield
Colorado State Patrol
Peter Blackburn
Blackburn
John Morley
John Naugle
Stock Dividends and Capital Gains Tax Rules Explained
Stock market investors face two main tax areas: dividends and capital gains or losses. The first 100 of qualifying domestic dividends is tax free, with a $200 joint exclusion possible if each spouse has $100 or more, or if combined dividends reach $200. Community property rules affect how exclusions apply. Dividends from foreign corps, REITs, and regulated investment companies are excluded for some portions. mutual funds may include capital gain and nontaxable distributions. Report gross dividends first, then deduct capital gain and nontaxable portions, with remaining balance eligible for the $100 exclusion. Capital gains dividends are taxed at 50 percent. Nontaxable distributions reduce cost basis. Schedule D requires separating short-term and long-term transactions. Short-term gains/losses offset, then long-term gains/losses offset, with excess short-term gains fully taxable and excess short-term losses deductible up to $1,000 per year. Long-term gains taxed at 50 percent. long-term losses offset ordinary income by 50 percent, up to $1,000 deductible per year, with $2 in long-term losses offsetting $1 in ordinary income.
MENTIONED IN THIS ARTICLE
Newspaper Enterprise Assn
When You Sell Your Home Offer Prompts Tax Book Order
An ad notes a book CUT YOUR OWN TAXES 1972 by Roy De Crane with step by step tax saving guidance. Readers send name, address, Zip and $1.35 to a New York P O Box for mail delivery within three weeks. A Britannica stat then mentions twins occurring in one out of 80 multiple births.
MENTIONED IN THIS ARTICLE
Roy de Crane
Tex Book
P.O
Radio City
New York
N.Y
Encyclopaedia Britannica
Nixon seeks power to fight drugs with national investigative network
President Nixon urged Congress for enhanced authority to fight narcotics and create a nationwide investigative and prosecutive unit network under the Organized Crime Control Act of 1970. He called for international cooperation and border controls while backing a Drug Abuse Prevention Office and funding proposals differing between Senate and House plans. He urged passage of a law to formalize the office and expand federal treatment facilities and community mental health centers in high-addiction areas.
MENTIONED IN THIS ARTICLE
Carl C. Craft
Associated Press
Washington
Nixon
Congress
America
United States
Special
Senate
House Public Health
Paul G. Rogers
D-Fla
National Institute On
Rogers
House
Bumpers' Son Fined $26 for Drunkenness
Brent Bumpers 19, son of Gov. D. Bumpers, was fined 26 dollars and costs in Booneville Municipal Court after a judge reduced a drunken driving charge to drunkenness. The Dec 29 incident involved a car leaving the road and hitting two guard posts.
MENTIONED IN THIS ARTICLE
Little Rock
The
Arkansas Democrat
Brent Bumpers
D. Bumpers
Booneville
B. F. Donathan
Bethel To Hear New Minister In Prescott District
The Prescott District of the African Methodist Episcopal Church welcomes Rev. W C Montague of Little Rock as the new presiding elder. He will preach at 10 50 a m and 6 30 p m with a fellowship dinner after the morning service. Quarterly Conference meets Monday at 7 00 p m. Public invited.
MENTIONED IN THIS ARTICLE
Methodist Church
Prescott
African Methodist Episcopal Church
H.H. Scott
W.C. Montague
Little Rock
Br. Montague
W.G. Wynn
Nixon touts plan amid partisan critique in State of the Union
President Nixon urges Congress to enact remaining administration proposals and signals a high defense budget. He backs changes to school financing and lowering property taxes with a value added tax proposal, while liberals resist. The 1972 race looms with Democrats in control of Congress and a Senate challenger likely. Obituaries and local notices follow including church events and funeral services for several residents.
MENTIONED IN THIS ARTICLE
Walter R. Mears
Washington
Nixon
Harry S Truman
Congress
Senate
Hugh Scott
Edward J. Gurney
Rlla
California
Truman
AM&N Opposes UA Merger Protest Heard At hearing
The Arkansas AM&N College Alumni Association urged lawmakers to reconsider merging AM&N with the University of Arkansas. Dr. W. L. Molette of Pine Bluff told the Governor's Committee on Human Resources that the move ignores black contributions to education. The merger, authorized in 1971, is set for July 1, with a special legislative session beginning Feb. 7. Other black speakers called the bill an affront to the state's black population and criticized the process.
MENTIONED IN THIS ARTICLE
Little Rock
Arkansas Am&n College Alumni Association
University of Arkansas
W. L. Molette
Pine Bluff
Arkansas
Three-Time Lifer to Earn College Degree in Prison
William G. Heirens, serving three consecutive life terms for murders 26 years ago, will become Illinois first inmate to earn a college degree. Heirens, a 17-year-old student in 1946, will graduate at Lewis College after completing 197 credits via TV, extension, and prison classes. He plans the cap and gown ceremony and graduation trip.
MENTIONED IN THIS ARTICLE
Heirens
Lewis College
G. Heirens
Terence Bergin
Edu
Also Mentioned on This Page
Uley
Stato Fam
Dick Schrader
Hope
Ark
Lam
KL and Casualty Company
Pett
Bloomington
Illinois
Bumpers
March of Dimes
Fetta
Moe Seth
Benjamin Rosenthal
New York Democrat
Ester Hicks
the Woods Sisters of Malvern
New Bethel Baptist Church
Joseph Stuart
W.M. Carroll
Yerger Junior High School
Bethel A.M.E. Church
Hugh P. Perry
Columbus
Nashville
Hopewell C.M.E
Camp Springs Cemetery
Hicks Funeral Home, Inc
Gussie Washington
Midland Street
St. Mark Baptist Church
St. Mark Cemetery
Mary Thompson
Walker Street
Church of Christ
Cave Hill Cemetery
Smith Funeral Home
Hollis Johnson
Hicks Funeral Home
Giles Cemetery
Am&n
National Hockey League
Buffalo
Vancouver
Don Luce
Sabres
Canucks
NHL
Philadelphia Flyers
Chicago Black Hawks
Lace
al Hamilton
Danny Lawson
Danc Wilson
Roger Crozier
Crozier
Bill Lesuk
Flyers
Black Hawks
Lesuk
Simon Nolet
Hill Clement
Philadelphia
Bobby Hull
Mth
Cliff Koroll
Hawks
Nolet
Lifer
Cation
University of Illinois
Deanne Rexall
Hope, Ark
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