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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Jan 14, 1967
Page
6
Babson Park Mass an analysis warns that postwar federal growth has crowded out state revenue raising capacity. It notes rising state taxes and reliance on federal aid, urging citizens to push for fiscal reform while predicting mounting state taxes and debt in the near term.
In New York a high end barber shop charges 35 dollars for men’s styling with appointments often required well in advance. Hal A Salzman of Odell Inc predicts grooming related businesses will become a 2 million dollar a year industry within ten years. He notes hairpieces can help balding men look younger though some fear ridicule.
UPI reports that securities analysts liken their craft to wine connoisseurs and race track handicappers. As 1966 ends, Dow near 1000 sparked optimism, but 1967 forecasts show lower earnings, higher taxes, and cautious “selective buying” amid a slowing economy.
The stock market posted its ninth consecutive advance on Friday with a moderate gain as investors kept up momentum despite early profit taking. The Dow rose 2.18 to 835.13, the rails up 2.51, and Gulf & Western led a busy session with 149,700 shares traded.
The Small Business Administration launches the Economic Opportunity Loan program across Arizona with loans for existing and new businesses. Harold T. Schnurer says SBA will partner with community action agencies and local groups to identify and assist borrowers. Bernard Boutin notes commitment to prudent lending and workable guidelines.
An eight person Indian family on South Dakota's Rosebud Reservation received their first house funded by four federal agencies totaling 1.7 million dollars. The 620 square foot prefab home cost 3 thousand dollars and includes a living room kitchen dining area two bedrooms and a bath. It was built by 20 Indian trainees under Sioux supervision with surplus Bureau of Indian Affairs furnishings. The house is expandable and will enable future rental income of ten dollars down and five dollars monthly for five years.
Hal Rich of 5206 E Lincoln and Ellie Shapiro of Elgin National Watch Co. Phoenix area employees were named Post Million Dollar Club winners. Rich, a Realty Scottsdale graduate with 30 years sales experience, earned the honor in 1966 while Shapiro, wife of Dr Don Shapiro, has two years with Post and three children.
The 1950s work now expands by Tom Mahoney and Leonard Sloane with new chapters on discount houses. The revised edition, published by Harper & Row, adds anecdotes on retail leaders like Marshall Field and others, illustrating managerial wit and customer service philosophy.
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