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Newspaper
San Marino Tribune
Location
San Marino, California, United States of America
Date
Jun 29, 1978
Page
4
Editorial notes Prop 13’s passage devastated San Marino by wiping out nearly half its annual budget. Forty-two of 100 city employees were terminated as services were cut and reserves drawn down, leaving a question who will aid the municipal casualties.
A 1978 note recalls Button Gwinnett William Paca Oliver Wolcott and Abraham Clark as signers of the Declaration of Independence alongside 55 others. It urges appreciation for Founding Fathers and all citizens who sustain the nation as July 4 is celebrated.
Testimony before Congress flags widespread contract fraud in Washington. Contractors and government staff allegedly overbilled and double billed, with suspected kickbacks. An acting inspector general cites over 500 implicated in schemes across the General Services Administration and Pentagon. The piece urges Justice Department action.
Congress foregoes a salary raise as a token gesture toward curbing inflation. The average member earns about 57,000 annually, placing them among the top two percent of U S earners, while taxpayer funded staff offices meals travel and stationery add to the cost. Some lawmakers trim staff or trips while others maximize expenses. The writer notes the typical congressman may cost taxpayers around a quarter of a million dollars yearly, excluding potential legislation costs.
A new book coauthored by 26 members of Congress was unveiled in Los Angeles at the Greater Los Angeles Press Club. Representatives John Rousselot Carlos Moorhead and Bob Dornan outlined chapters on tax reform small business regulation social reform crime control and energy with former Governor Reagan endorsing the work.
Twenty-one California research teams split 127700 for one year to study lung disease. Funds come from Christmas Seal dollars via Pasadena Lung Association with a committee of reviewers, supporting basic and applied work on emphysema edema newborn lung diseases and cystic fibrosis. Grants aid young investigators and aim to attract larger future funding.
Wells Fargo markets a six month 10000 Treasury Certificate tied to the Treasury Bill rate, an 8.06 percent annual yield on a 7 percent CD, and a $2000 rewards balance. It emphasizes extensive California deposits, a large network of offices, penalties for early withdrawal, and promises about doubling money over ten years with a $1000 investment, urging customers to consult a personal banker.
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