Economist says rates still low for interest
AP report notes Milton Friedman argues current rates are too low due to a gap between inflation and interest. He contends borrowing is still advantageous, with tax deductions and cheaper dollars for borrowers, while critics push for IRS reforms and taxpayer protections amid tax policy concerns.
MENTIONED IN THIS ARTICLE
John Cunniff
Business Analyist
New York
Milton Friedman
Friedman
Stanford University
On This Day November 9 in History
Historic notes mark events from Crystal Night in 1938 to de Gaulle’s death in 1970 and Tet massacre updates in 1968. Birthdays include Spiro Agnew 61 Shriver 64 and Carl Sagan 45.
MENTIONED IN THIS ARTICLE
Nazi Germany
Boston
Kaiser Wilhelm
Civil Works Administration
Canada
United States
Yemen
New York
Richard Nixon
Charles de Gaulle
Hue
South Vietnam
Henry Kissinger
Moscow
Mideast
Afl-Cio
George Meany
Carter
Spiro Agnew
Sargent Shriver
Carl Sagan
Editorial: Inflation Indexing Gains Broad Attention in California
The piece argues Proposition 4 would index public spending to population growth and price inflation, linking tax brackets to the consumer price index. It notes potential federal use, cites Canada’s 1974 indexing, and warns indexing is not a cure but a fairer remedy to the hidden tax of inflation if enacted.
MENTIONED IN THIS ARTICLE
Congress
Canada
United States
Smoking out the profits from global tobacco use
Dispatches report conflicting tobacco trends with U.S. per capita consumption falling while total world use grows. Growth is strongest in the less-developed world, aided by Food for Peace subsidies. Worldwatch Institute notes prestige linked to cigarettes in many countries.
MENTIONED IN THIS ARTICLE
United States
China
U.S
Agriculture Department
The
Worldwatch Institute
Reagan sets bold run for White House in early bid
Washington dispatch outlines Ronald Reagan preparing to announce candidacy for the Republican presidential nomination. He plans a broad anti Carter message, a can do theme for the 1980s, and a coast to coast tour after the November 13 launch. Reagan aims to counter malaise talk and frame the race against Democrats led by Carter and Kennedy. The piece notes his age as a vulnerability and his plan to avoid early peak campaigning.
MENTIONED IN THIS ARTICLE
Washington
Nea
Carter
Edward M. Kennedy
Ronald Reagan
Kennedy
Reagan
Federal Communications Commission
California
John Sears
Jimmy Carter
Howard Baker
John Connally
George Bush
Robert Dole
Philip Crane
John Anderson
Tragedy of East Timor Revealed Amid Cold War Echoes
A Washington column recounts East Timor’s 1975 invasion by Indonesia, citing U S intelligence and survivor accounts. It notes mass starvation and death, U S support behind the scenes, and U N condemnation overshadowed by political interests as Fretilin resists in the mountains.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
East Timor
Connecticut
Hal Bernton
Indonesia
U.S
Fretilin Party
Jakarta
Ramos Horta
Suharto
Timor
Portuguese Timor
United States
Gerald Ford
Ford
Vietnam
Pearl Harbor
Dili
United Nations
U.N
Also Mentioned on This Page
Citizen's Choice
U.S. Chamber of Commerce
Internal Revenue Service
IRS
By Gill Fox
Martha Angle and
Robert Walters
By Roger Bollen
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