Food Stamps and Poverty Line Questioned in 1950s Debate
A 1955 survey sparked critique of the federal poverty line tied to the Economy Food Plan and three-to-one cost rule. It notes taxes, inflation lag, and high essential expenses for the poor, making nutritionally adequate diets unaffordable. FAAC wins suit demanding updated, nutritionally adequate food stamp allotments within four months.
MENTIONED IN THIS ARTICLE
Department of Agriculture
Food Research and Action Center
FAAC
U.S. Court of Appeals
USDA
Ford for President in 1976 A Modest Leader Emerges
Washington column argues Jerry Ford of Grand Rapids is likely Republican presidential nominee in 1976. It notes his incumbency advantage, media attention, and contrast with rivals, while warning of economic and foreign policy risks that could affect his path to the White House. It mentions food stamp concerns and a FRAC pamphlet offer.
MENTIONED IN THIS ARTICLE
Washington
Jerry Ford
Grand Rapids
Michigan
America
Horatio Alger
Churchill
Sam Rayburn
William Jennings Bryan
Wendell Willkie
Barry Goldwater
House of Representatives
Grand Old Party
Ford
White House
Ronald Reagan
Howard Baker
Charles Percy
Nelson Rockefeller
Reagan
Mr. Ford
Walter Cronkite
Air Force I
Helsinki
China
Podunk
Fred Harris
Brezhnev
Nixon
Speaking Dollar Wise Pension Law Backfires
A small business owner with under 10 employees asks whether to terminate a costly pension plan or switch to a blanket IRA due to new pension regulations. The letter notes rising administrative costs and suggests consulting a lawyer and accountant to determine the bottom line for keeping or abandoning the plan.
Consider Terminating Employee Plans Before 1976 Change
The column advises consulting lawyers and accountants before changing or terminating a retirement plan. It notes Jan 1 1976 as a threshold when vesting rules tighten under new law and PBGC payments and employer reimbursements increase. Seek professional advice prior to action.
MENTIONED IN THIS ARTICLE
Pension Benefit Guaranty Corp
PBGC
Ford faces tough second year as president tests conservative balance
A legacy of Adam Smith economics and limited government shape Ford's approach to inflation, urban aid, and foreign policy. The Mayaguez incident and energy prices test his hawkish stance as he faces a Democratic Congress and a shifting public mood.
MENTIONED IN THIS ARTICLE
Ford
White House
Democratic Congress
Nixon
Mr. Ford
Vladivostok
Vietnam
Mayaguez
Mark My Words Vicious Killer
A man recalls a terrifying encounter with a predator as a financial auditor side note shifts the conversation. The tale centers on a perilous moment described with bravado and a mention of an accountant who saved the speaker’s life. The crowd disperses with the punchline about the IRS.
Almanac Highlights for August 12, 1975
Today is August 12, 1975 a Tuesday the 224th day of the year. Notable events include the formation of New Amsterdam's rattle watch first police force in America in 1658 and Isaac Singer obtaining a sewing machine patent in 1851. Massachusetts News notes and civil rights milestones at Little Rock in 1959 are summarized.
MENTIONED IN THIS ARTICLE
United Press International
Mars
Jupiter
Saturn
Venus
Mary Roberts Rinehart
New Amsterdam
America
Isaac Singer
Singer
Boston
Little Rock
Ark
U.S
North
South Vietnam
Also Mentioned on This Page
Sylvia Porter
J. F. terHorst
Modesty
Spiro Agnew
Richard Nixon
John B. Connally
Eric Sevareid
Baker
Percy
Kremlin
Korea
Middle East
Food Stamp Office
West
N Y
Franklin Roosevelt
Dwight Eisenhower
Robert Rosefsky
IRS
Joseph Kraft
Sen. Kennedy
Jim Fiebig
the Almanac
Silas Weir Mitchell
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