New Federal Tax Revisions Step In After Midnight
The 1977 tax changes affect estate taxes capital gains limits for homeowners and seniors Social Security thresholds and education benefits for veterans. New CB channels bottled beer tax breaks and a handful of state rules on body organ forms red lights and branch banking appear as rules take effect.
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Ford urges Puerto Rico statehood recommendation
President Ford said he will recommend legislation to grant statehood to Puerto Rico. The move would make the island the 51st state.
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Rain and Snow Drench California as Fatal Accidents Rise
A Pacific storm brought heavy rain and snow across California with at least three deaths linked to slick roads and floods. Los Angeles County endured 77 inches of rain on Thursday while Northern California saw significant totals. Ski resorts in the Sierra and Big Bear reported strong bookings as residents anticipated a New Year snow bonanza.
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L A lawyer slated for deputy secretary of state post
Los Angeles attorney Warren Christopher, a Lyn don Johnson era figure and O Mel veny Myers partner, will be appointed deputy secretary of state. Gov Brown confirmed the plan after a courtesy call from Cyrus Vance, with Christopher previously linked to Carter administration roles and California education leadership.
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California Begins Nation's First Right to Die Law
California implements the nations first right to die law allowing terminal patients to have life support withdrawn with a properly signed living will. The measure, renewable every five years, excludes pregnant women and sparked protests from pro life groups while aging advocates call it death with dignity.
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New Year Celebrations Vary Across Cities and Nations
Central Park hosts a parade fireworks and outdoor music while Waldorf Astoria plans Auld Lang Syne. Boston features 50 free cultural performances and a torch light display in Boston Common. Omaha fundraises for Equal Rights Amendment. Jewish leaders urge observance of New Year as Sabbath begins. Japan and Korea mark the Dragon to Snake change with lunar new year Feb 18 for other nations.
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Serrano ruling prompts debate over school funding fairness
The California Supreme Court rejects equal funding by district wealth, signaling heavy impact on high wealth and poor districts. Officials warn uniform taxes could boost big city rates unless state funds rise. lawmakers urged to replace property tax driven financing to ensure adequate resources for all schools.
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