Social Security tax rise looms amid inflation fears
Congress may not pass Nixon’s proposed refunda ble surtax yet the government will boost Social Security deductions for 1974. The base rises to 12 600, lifting the maximum employee contribution to 73 10 and employer matches. For many workers the effect equals a tax hike, while benefits fund current retirees and future costs rise with ever larger numbers of retirees. The piece notes the program’s growth, the funding mismatch, and questions if a better approach exists.
MENTIONED IN THIS ARTICLE
Congress
Nixon
Skylab found new materials through space cooling
The editorial notes an experiment by Skylab crew Captain Alan Bean Major Jack Lousma and Dr Owen Garriott melting crystals in orbit and letting them reform on Earth. The process avoids gravity mixing, yielding purer metals and electronic crystals. Potential results include ultra pure crystals, stronger steel, high temperature jet engines, and more efficient solar energy conversion.
MENTIONED IN THIS ARTICLE
Skylab IL
Earth
Orbiting Laboratory
Alan L. Bean
Jack R Lousma
Owen K Garriott
Space
Stock fraud sentence shines light on 1960s glamour stock
An executive who pleaded guilty to conspiracy in a $200 million stock fraud case involving Four Seasons Nursing Centers was sentenced to one year in jail with no fine. The piece traces the era’s excess, market laxity, and the push to reform through SEC actions, tighter listing rules, and broker consolidations. Jack L. Clark led Four Seasons during its rise as a high profile glamour stock.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Four Seasons Nursing Centers of
America
Securities and Exchange Commission
Justice Department
SEC
Four Seasons
Jack L. Clark
Nursing Home Comepany
American Stock Exchange
Boyle's column on avoiding trouble by thinking before speaking
Hal Boyle notes that man alone tends to get in trouble by talking and defends free speech as costly. He lists quotes to avoid that spark anger or reveal ignorance, urging readers to think before speaking and to consider others' sides before acting.
MENTIONED IN THIS ARTICLE
Hal Boyle
New York
Earth
New bumper standards show limited gains in damage costs
State Farm study of 1600 claims on 1973 and 1972 cars finds 1973 bumpers resist damage in front and rear crashes but do not noticeably cut average repair costs. Front bumper components cost rose sharply. 1973 costs average about 290 dollars vs 295 for 1972. DOT may push a stricter standard promising more safety and potential savings.
MENTIONED IN THIS ARTICLE
State Farm Mutual Automobile Insurance Co
Wayne W. Sorenson
State Farm
Department of Transportation
This Day in History Tuesday September Twenty Fifth 1973
The column lists events from 1789 to 1976 with notes on the first U S Congress amendments Balboa discovery Yosemite Norway Little Rock Bandaranaike assassination Domican Republic Portugal China Japan and Martian exploration details. It also notes birthdays of Eric Williams and Phil Rizzuto and a thought for today about war and life on Mars.
MENTIONED IN THIS ARTICLE
Associated Press
Congress of
United States
New York
Balboa
Panama
Pacific Ocean
Ethan Allen
Montreal
Yosemite National Park
California
Quisling
Norway
U.S. Army
Central High School
Little Rock
Ark
S.W.R.D. Bandaranaike
Ceylon
Dominican Republic
Juan D. Bosch
Portugal
Americo Tomaz
Marcelo Caetano
Antonio de Oliveira Salazar
Kakuei Tanaka
Japan
Peking
China
Eric E.williams
Trinidad and Tobago
Phil Rizzuto
Franklin D. Roosevelt
Mars
Mariner
Viking
Earth
Letters to the Editor Guidelines From the Paper
The paper invites letters to the editor that include the writer's signature and address, which may be withheld upon request. Letters must be no more than 500 words, address general-interest topics, and avoid poor taste.
Politician or statesman debate colors Nixon era politics
In a Washington review, Bruce Biassot argues presidents must be openly political and partisan. Cronin contends a president negotiates between groups, mediates disputes, and acts as a coalition-builder. Nixon’s focus on foreign policy, he says, obscures domestic issues and politics.
MENTIONED IN THIS ARTICLE
Cronin
Richard Nixon
Nixon
Blame on Billy Graham in Watergate Debate
The piece argues liberal critics fault Billy Graham for Watergate era morality while James A. Michener counters that Graham did not influence the plot. It notes Graham supported Vietnam policy, helped place Hatfield on the 1968 Nixon ticket, and faced internal pressure for settlement. History may be kind to the evangelist.
MENTIONED IN THIS ARTICLE
James A. Michener
Graham
America
White House
Billy Graham
Johnson
Nixon
Eisenhower
Vietnam
Sen
Mark Hatfield
Nixon-Agnew
Also Mentioned on This Page
Skylab
Harry C Gates
Massachusetts Institute of Technology
NEA
Boyle
Milton Berle
National Highway Traffic Safety Administration
O'Ferrall Paul
South Cedar Street
Pecns
Texas
Tex
Ress Association
By Gill Fox
NEA, Inc
Mr. Quick Money
Bruce Biossat
By Bruce Biossat
Washington
John Y. Brown
Los Angeles
Brown
George III
Thomas E. Cronin
Center For the Study of Democratic Institutions
New York Times
Secret Service
Mr. Nixon
San Clemente
Florida
Dr. Peale
By Roger Bollen
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