What Truth in Lending Won't Do for You
The article argues the Truth in Lending Act will not close many consumer credit loopholes. It highlights hidden costs in mortgages, oral misrepresentations, wage garnishment limits, and unfair contract clauses. It notes persistent high interest from loan sharks and ghetto credit gaps, plus prepayment penalties and ads promising easy credit.
MENTIONED IN THIS ARTICLE
National Commission On Consumer Finance
High End Goods Signal Growing Affluence and Status
A New York ad announces a matched set of Charatan pipes selling for 10 000, with a long waiting list. The piece notes doctors lawyers and businessmen seek luxury items from $5 000 to $150 000 mink coats and stamps worth over 1 000 000 as symbols of wealth, plus luxury cars yachts and hovercraft appealing to the affluent.
MENTIONED IN THIS ARTICLE
New York
UPI
Herman Lane
Lane, Ltd
Charatan of
London
Bentley Lighter Co
Solons Set for Battle on Surtax
Washington reports a partisan clash over extending the 10 percent income tax surcharge. Sen Dirksen opposes linking basic tax reform and extending the surcharge and would keep the 7 percent investment credit. Sen Kennedy backs extending the surtax and closing loopholes as a step toward reform. Democratic leaders push for change.
MENTIONED IN THIS ARTICLE
Washington
Congress
Everett M. Dirksen
R-Ill
Edward M. Kennedy
D-Mass
Kennedy
Stop loss orders and risk control in trading
Column argues for placing stop loss orders to limit risk rather than relying on mental stops. It outlines three scenarios after a stop is hit and contemplates the odds of favorable outcomes, urging traders to follow a prepared plan and consider written guidance from Venture Research. The piece invites questions to Dr. Charles Harlow of Venture Research Company in Long Beach, California.
MENTIONED IN THIS ARTICLE
Charles Harlow
Venture Research Company
Pine Ave
Long Beach
Calif
Using Mutual Funds as Collateral for a Home Purchase
Advice to use liquid savings to cover most house costs and redeem a portion of mutual fund shares to pay the rest. Keep a cash reserve for emergencies and preserve investments for ongoing dividends and capital gains. The plan suggests about 11 000 from savings and 5 000 from fund shares, leaving 13 000 invested and 3 000 cash.
MENTIONED IN THIS ARTICLE
Sunshine State
Surtax for Joe Citizen Tax Credit for Business
The piece outlines the 7 percent investment tax credit for businesses, delayed since 1966 and reinstated in 1967, as a spur to modernization and production. It notes debate within parties and labor unions, cites past shutdowns affecting capital plans, and compares inflationary measures with the need to sustain long term spending. It discusses reactions from railroads coal and the Chamber of Commerce, and recalls the quick monetary restraint and fears of recession surrounding the policy.
MENTIONED IN THIS ARTICLE
New York
America
John F. Kennedy
Lyndon B. Johnson
Chamber
Commerce Department
Commerce Survey Shows Capital Spending Plans Up 14 Percent
Following independent economist surveys last month indicating a spending spree, the Commerce Department released a survey showing capital spending plans increased by 14 percent.
MENTIONED IN THIS ARTICLE
Commerce Department
Also Mentioned on This Page
Sen
Paul Douglas
Illinois
Cently
Hollard & Holland
Texas
Solons
Surtax
Dirksen
Senate
Mike Mansfield
Montana
Yimmoooditie
the Daily Investor
William A. Doyle
Joe Citizen
The
Association of American Railroads
National Coal Association
Appalachia
Chamber of Commerce of the
United States
Carp
U.S
Carlton
Robert W. Senske
Order of the Tower
Robert Senske
Fidelity Federal Plaza
E. Ocean Blvd
Insurance Companies
Santa Ang