America gears up for 1987 and Constitution bicentennial
Americans welcome 1987 with prayers fireworks and rose petals as the nation marks the constitutional bicentennial. Rose Parade in Pasadena features 59 floats 6 million flowers and 1 million spectators with a 350 million TV audience, followed by the Rose Bowl. Philadelphia hosts the Mummers Parade with 318000 prizes as part of its bicentennial celebrations.
MENTIONED IN THIS ARTICLE
Los Angeles
Pasadena
Calif
Michigan
Arizona State
Philadelphia
Benjamin Franklin
Camden
N.J
Independence Hall
U.S. Iran hold talks but fail to settle frozen assets
In The Hague U S and Iranian officials met briefly but offered no final agreement on returning about 508 million dollars in Iranian assets frozen in the United States. Talks were not resumed date set. progress reported without linking to hostage negotiations.
MENTIONED IN THIS ARTICLE
Hague
U.S
United States
Wunder
Iran
Hashemi Rafsanjani
Lebanon
Hussein Musavi
New York Federal Reserve
U.S. State Department
End of early tax discounts hits Ector County coffers
Ector County faces about 10.8 million in missed ad valorem tax revenue as early payment discounts and billings delays reduce collections. Through Tuesday the county has $808,401, far below last year’s $11,625,374. Jan 31 is the penalty-free payment deadline and many expect a surge in February. Commissioner decisions to end October December discounts and a new computer system delay are cited by Tax Collector Lea Taylor and Judge Jan Fisher as factors.
MENTIONED IN THIS ARTICLE
Ector County
Lea Taylor
Taylor
Commissioners Court
Fisher
New Tax Law Takes Effect on Paychecks Thursday
Washington reports a sweeping overhaul shifting 120 billion in taxes from individuals to corporations over five years. Individual rates drop about 2.2 percent in 1987 and rise to an average 6.1 percent cuts by 1988. About 18.5 percent pay more this year while 15.5 percent face increases later. all workers must file new W-4 forms by October 1.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
New Year Tax Hikes In Texas On Sales And Fuel
Beginning New Year’s Day the Texas sales tax rises from 4 percent to 5 percent with cities that add transit surcharges reaching as high as 7 percent. The motor fuels tax increases from 10 to 15 cents per gallon. Lawmakers approved these two tax hikes in a late summer special session, estimating a combined cost to taxpayers of about 875 million dollars.
MENTIONED IN THIS ARTICLE
Austin
Odessa man gains relief after heart surgery financial help
The tale follows Paul Houghton of Odessa, a 38 year old unemployed father of five who survived a quadruple bypass last June and faced mounting medical bills. A trust fund and generous local donors covered trailer payments and medical costs, easing the threat of losing their home as his former employer’s insurer agreed to pay.
MENTIONED IN THIS ARTICLE
Houghton
Odessa
Also Mentioned on This Page
America
Michael Gilly
Jack Gilly
Central Odessa
Michael
Iraq
Sam
Islamic Republic
Nicosia
Abby
Paul Houghton
Golder Ave
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