Bakalis Calls for 2 Million Cap in Gubernatorial Race
Springfield AP reports Democrat Bakalis and Republican Gov. Thompson clash over campaign spending limits for the 1978 Illinois governor race. Bakalis seeks a $2 million ceiling and public financing, while Thompson favors no fixed cap, arguing feasibility and pending study of federal models.
MENTIONED IN THIS ARTICLE
Springfield
James R. Thompson
Michael J. Bakalis
Thompson
Common Cause
Citizens Lobby
Bakalis
Milwaukee Road Bankruptcy Sparks Call for Public Aid
Illinois DOT official urges timely infusion of public assistance to prevent dissolution of the Milwaukee Road after its Dec 13 bankruptcy filing. Milwaukee Road chairman William J. Quinn pledges continued service but warns that capital shortages and subsidies for rivals threaten a nationalized industry. Hearings before a House subcommittee focus on reorganization under federal bankruptcy law and compare to the 1975 Rock Island bankruptcy.
MENTIONED IN THIS ARTICLE
Capitols Hill
Washington
Illinois Department of Transportation
Chicago, Milwaukee, St. Paul and Pacific Railroad Company
Milwaukee Road
Illinois
Fred H. Uhlig
Illinois Dot
Bureau of Legislation
Uhlig
William J. Quinn
Quinn
House Transportation and Commerce
Milwaukee
U S allies defense shaky report
A five month interagency study reports the Soviet Union could not win a nuclear war yet predicts difficulties for the United States and its allies defending Western Europe and the Far East against large scale conventional attacks. The findings influence a shift toward stronger conventional forces.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Soviet Union
United States
Western Europe
Far East
Europe
Korean
North Korea
Seoul
Carter
South Korea
Persian Gulf
Soviet testing acknowledged in Washington on new ASAT claim
The Pentagon confirms ongoing Soviet satellite killing tests, with a pre-Christmas eighth trial. Intelligence suggests most experts view the test as a failure, though some remain uncertain. The report also questions the US posture on Korea and warns of Soviet oil and missile threats, framed in a new Defense Department study as a freshman primer in military affairs.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Defense Department
U.S
Defense
Harold Brown
Middle East
Africa
United States
Carter
Congress
Adams vows rail map redraw amid bankrupt lines
Transportation Secretary Brock Adams says the government may allow bankrupt railroads to shut down rather than continue to fund money losing systems. He signals a major Midwest restructuring to reduce lines, shift freight to trucks, and end interstate rail competition, risking pushback from small communities, shippers, and unions.
MENTIONED IN THIS ARTICLE
Washington Star
Washington
Transportation
Brock Adams
Terprise
Adams
Midwest
Tax rules shift nine to twelve month capital gains period
Ray De Crane explains the switch from a nine month to a twelve month holding period for long term capital gains starting in 1978. The article notes the rise in annual capital loss limits from 2000 to 3000 dollars and warns investors about timing quirks during the transition.
MENTIONED IN THIS ARTICLE
Ray de Crane
Congress
Delay in Rock Island aid linked to Crown influence
Two Chicago law firms acting for Henry Crown wrote five letters urging federal officials to delay aid to Rock Island Lines. The letters, described as imploring, sought to pause aid until a bank study of the railway’s finances was finished. Crown seeks liquidation through court action as trustee Isham, Lincoln & Beale represents the bank for bondholders.
MENTIONED IN THIS ARTICLE
Washington
Chicago
Henry Crown
Rock Island
Nicholas Manos
House
Manos
Federal Railroad Administration
First National Bank of Chicago
Crown
Jenner & Block
Isham, Lincoln & Beale
Fire alarm linked to Emory fraternity house blaze
Investigators traced the nine day old Emory University fraternity house fire to a malfunctioning fire alarm. Fire Capt Rich Brumbelow said the system in an unused dumbwaiter in the basement of the two story antebellum house short circuited and started the fire.
MENTIONED IN THIS ARTICLE
Atlanta
Emory University
Rich Brumbelow
Also Mentioned on This Page
David Gilbert
David C. Paulus
Michael Bakalis
Richard Durbin
Milwaukee Help
Chicago, Rock Island and Pacific Railroad
Murphysboro
Carbondale
N. Illinois
Herrin
N. 16Th
Southern Illinoisan
Southern Illinoisan Inc
North Illinois Avenue
North 16Th Street
S. 12Th Street
Carbondale Free Press
Herrin Daily Journal
Murphysboro Independent
Associated Press
Southern Illinois and Military
Southern Illinois
Marion
G.R. Weeks
M.D
J.K. Essmyer
St. Francis Medical Center
Cape Girardeau
H&k Block
H&r Block
Sears
Dansk Pepper Mills
Dansk Generation
Generation Soup
Dansk
McNall
S. Illinois
Lassie
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