Christmas Clubs Surge Past Two Billion Dollars
Sylvia Porter notes that over 10,000 U.S. banks mailed out 2.1137 billion in Christmas Club savings to 15.725 million savers, a record total that doubles 1953. Many banks pay little to no interest, using clubs as loss leaders to lure new customers, while savers often redeposit most funds into regular accounts.
MENTIONED IN THIS ARTICLE
Sylvia Porter
U.S
American Bankers Association
Christmas Club
New York
Christmas Club A Corporation
America
Snack Boom Drives American Nerves and Cravings
The piece paints a booming U S snack food market, topping 3.7 billion in 1967 and set to exceed 4 billion. Nabisco and Frito Lay executives cite oral satisfaction and affluence as key drivers, with corn chips strongest in the Southwest, tortilla chips in the West, and potato chips in the Midwest.
MENTIONED IN THIS ARTICLE
Roman Gabriel
Richard
W. Lee Abbott
Nabisco
Biscuit
Abbott
George H. Blake
Pepsi-Co. Inc
Midwest
Inflation a Tough Test for New Regime and Voters
The piece argues inflation challenges the new administration and both major parties offer goals rather than concrete solutions. It notes that cutting spending can slow inflation but harms growth, while expansion-driven policies risk higher prices. It emphasizes the balancing act candidates must perform to sustain growth without accelerating inflation.
MENTIONED IN THIS ARTICLE
Johnson
Richard M. Nixon
Nixon
Investor Tax Deductions for Gifts Explained
A reader asks about gifting IBM stock to a church for a $315 deduction and compares selling vs gifting. The adviser explains the deduction reduces taxable income, warns against capital gains tax from selling, and notes reporting rules require tax on dividends or interest of $10 or more with copies to IRS.
MENTIONED IN THIS ARTICLE
International Business Machines
IBM
IRS
L A Tax Structure at Breaking Point
Los Angeles faces a growing revenue crisis as city administrator C. Erwin Piper argues the existing tax structure is exploited to the fullest. He backs a proposal for a Select Committee on Municipal Revenue to review city revenues and urge changes benefiting low income residents and property owners.
MENTIONED IN THIS ARTICLE
Los Angeles
C. Erwin Piper
Arthur K. Snyder
Piper
Also Mentioned on This Page
Blake
Business Council
Your Daily Investor
William A. Doyle
Internal Revenue Service
L.A
SEA Witch
Everything GO
Modern Mariner
Beach Blvd
Stanton L.B
O.C
Emith
Elm Ave
L.B
Dooley
Tappan Gallery
Schillin Spices &Rac
Dooley’s Hardware Mart
Long Beach Blvd
North
Long Beach
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