Tax free savings certificates target affluent savers
Upper income savers will gain a tax-free 70 percent of 52 week Treasury rate certificate over 15 months starting Oct 1 1982. Deduction up to 1000 single and 2000 joint on interest. Denominations begin at 500 with 9.6 percent indicative yield at current rates. Analysts say most buyers will be in high tax brackets and overall impact may be limited, with critics calling it a subsidy for the affluent.
MENTIONED IN THIS ARTICLE
Ly Owen Ullmann
Washington
Treasury
Savings and Loan Associations
Savings and Loan
Congress
Alfonso D'Amato
R-N.y
Reagan Administration
Congressional
S&l
Star signs off proudly by Washington Star final edition
The Washington Star ends 129 years of publication with an 80 page final edition. Time Inc. sought buyers at high commitments while a crowd bought up remaining copies. The Star's readers, staff, and pensions are noted as pivotal in the shuttering, with the Post rising as Washington's sole daily paper.
MENTIONED IN THIS ARTICLE
Mike Feinsilber
Washington
Washington Star
The
Star
Washington Post
America
Time Inc
Time
Donald M. Wilson
Reagan
Reagan drops McCann as envoy choice
Reagan administration abandons the nomination of William T. McCann to be U.S. ambassador to Ireland. McCann is urged to withdraw, with a replacement discussed as Oregon businessman Peter Murphy Jr. Murphy and supporters deny any change in the situation. The move follows Newhouse reports of McCann’s dealings with convicted swindler Louis C. Ostrer, linked to organized crime.
MENTIONED IN THIS ARTICLE
Love Miller Jr
David Smallen
Newhouse
Washington
New Jersey
William T. McCann
U.S
Ireland
McCann
White House
Newhouse News Service
Louis C. Ostrer
Senate
Oregon
Peter Murphy Jr
Reagan
Murphy
CLA
William J. Casey
Casey
Capitol Hill
Max Hugel
Foundation Life Insurance Co
Chatham
N.J
Army halts women recruits for now amid new limits
The Army stopped accepting women recruits for the time being with a plan to resume once the new fiscal year begins Oct 1 at a smaller quota than this year’s 18,500. All women recruits must now hold high school diplomas as part of a tightened standard under a broader policy limiting women in the ranks to 65,000, prompted by field commander concerns on combat readiness. Women serve in combat support units but not in strictly combat units such as infantry battalions.
MENTIONED IN THIS ARTICLE
Ostrer
Foundation Life
Modern Agency
New York
McCann
Unions Insurance
McCann’s Company
Foundation
Senate
Canada Life Assurance Co
Washington
Army
Also Mentioned on This Page
Siann, Es Ns
Agimmactiod Fane Ing. T
Mar
F Lite
Ron Bieberich
Annapolis, Md
Evening Capital
Anne Arundel County
Sun
Evening Sun
Baltimore
Washington Redskins
New York Times
Envoy
Senate Permanent Subcommittee On
Teamsters Local 918
Brooklyn
Modern Agency Inc
Jordache
Calvin Klein
Dept
American Express
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