Corporate Gifts Pulse Reflects Budget Rethink This Christmas
Company leaders weigh post Watergate pressures and tighter budgets as they decide how to handle customer gifts. Many expect continued high gift volumes but favor lower cost items under IRS deductibility rules. Firms shift to lasting, higher quality keepsakes and home deliveries, while some choose occasion based gifts or employee-only policies to curb perceptions of impropriety.
MENTIONED IN THIS ARTICLE
R. C. Rollings
Specialty Advertising Association International
SAA
Tax rate extension eyed to shield consumer spending
House Ways and Means debates a temporary extension of current withholding rates to prevent a tax cut from shrinking consumer spending. The plan would last one to four months as Congress and President Ford seek agreement on broader reforms and spending cuts.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Ways and Means
Congress
Ford
Washington Journalism Center
al Ullman
D-Ore
Ways and Means Committee
Senate
White House
Ullman
United Airlines cancels flights through Christmas Eve
United Airlines ends 1,400 daily scheduled flights through December 24 and cancels all charter flights through January 1 after mediation sessions break off. About 16,700 IAMAW workers have been on strike since Saturday, with 13,000 laid off. Management also to take 50 percent pay cuts for 12,500 nonunion staff and 6,800 managers. Talks recessed indefinitely by David H. Stowe of the National Mediation Board to revalue positions.
MENTIONED IN THIS ARTICLE
Senate Finance Committee
Russell Long
D-La
House
Senate
Washington
International Association of Machinists and Aerospace Workers
Afl-Cio
United
David H. Stowe
National Mediation Board
Loch Ness monster may gain endangered status
Scientists in London debated protection for Nessiteras Rhombopteryx after a seminar in the House of Commons. Proponents cited underwater photos and a breeding lake population, while skeptics dismissed the evidence as inconclusive and questioned the photographs’ accuracy.
MENTIONED IN THIS ARTICLE
London
UPI
House of Commons
Nature
David James
Scotland
Robert Rines
Academy of Applied Science of
Boston
Peter Scott
Rines
Scott
Loch Ness
Gordon Shields
British Museum of Natural History
British Museum
Teamsters Seek $2.50 Hourly Hike In New Truckers Pact
The Teamsters Union proposes a three year contract for about 450 000 truckers raising wages by 2 50 per hour and adding 36 a week in employer health welfare and pension contributions The package represents a 44 percent wage fringe increase and includes unlimited cost of living raises tied to CPI changes The current average earnings are 7 33 per hour plus 1 10 in benefits.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Teamsters Union
Chicago Tribune
Washington
The
Tribune
Also Mentioned on This Page
Santa Claus
Scrooge
Union Carbide
Hi-Speed Tool Co
A.Z. Supply Co
Edward L. Freund
League
Southeast
Asia
Don Weiss
NFL
Alvin Badiner
Minneapolis
Apple
United Airlines
Miyane
Ansara
Corner OF Liberty
Morris
Eagles
Morris Aerie Annual
Turkey
Don Carlson
Don Thompson
Devonshire
John Benson
Chuck
T-Bone
RTE
Liberty
Waverly
Santa
Morris Area
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