Remembering Social Security and its enduring purpose
The piece recalls the 50th anniversary of Social Security, outlining basic principles: earned rights, insurance against retirement disability or death, and a contributory system funded by workers and matched by employers. It notes historical context of the Depression, the program’s bipartisan controversy, and Roosevelt’s assertion that benefits come from earned earnings to prevent political erasure.
MENTIONED IN THIS ARTICLE
Roosevelt
GE profits edge up in third quarter amid uneven markets
GE reports third quarter earnings of 975 million dollars or 1.26 a share, up 2 percent from 1984, with sales slipping to 6.52 billion. Chairman John F. Welch cites sluggish markets while noting gains from productivity investments across most divisions. major appliances remained flat. KeyCorp posts record nine month and quarterly earnings, Irving Bank and other banks show varied results. interest income and noninterest gains lift profits. Financial executives to hear Allyn discuss electronic diagnostic instruments at LeMayne Manor. Money rates cited for reference.
MENTIONED IN THIS ARTICLE
General Electric Co
John F. Welch
Ins Company
Syracuse
KeyCorp
Victor J. Raley Jr
Alaska
Key Mortgage Funding
Key Banks of
Central
New York
Alany
Irving Bank Corp
Merchants National Bank
Joseph A. Rice
Allyn
William F. Allyn
Welsh Allyn Inc
Skaneatelag
Electronic Diagnostic Instruments and Optical Components
LeMayne Manor
Financial Executives Institute
Central New York
Attorney challenges cigarette law seeking restraining order
An attorney representing New York State Food Merchants Association says retailers have ignored the Cigarette Marketing Standards Act since September 1 and may testify to noncompliance. The assistant attorney general warns court summonses will be served, with violators facing a Class B misdemeanor up to three months in prison and a $3500 fine. The judge scheduled an early hearing with a show cause order for November 11.
MENTIONED IN THIS ARTICLE
Terence O'Reilly
Manhattan
Foley, Hickey, Gilbert & O'Reilly
U.S. District Court
Neal P. McCain
O'Reilly
New York State
Food Merchants Associaton
McCain
Syracuse
Wholesale prices dip 0.6 percent in September
United States Labor Department data show wholesale prices fell 0.6 percent in September, driven by a 3.3 percent drop for passenger cars and a 2 percent fall for light trucks. The decline marks the sharpest monthly drop since January 1983 and suggests a slower inflation trajectory into year end.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
New Warning Labels Adopted for Cigarette Packs
Washington AP reports new specific health warnings will appear on cigarette packs and advertising. Four warnings rotate quarterly, highlighting cancer, heart and lung disease, pregnancy risks, and fetal injury. Major brands face three month cycles. some small firms use all four at once.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
Fastrack line ready to roll in Binghamton hub plans
Fastrack Freightways aims to base its headquarters in Binghamton with up to 370 jobs and a $15 million payroll by full operation in 1988. The company intends a Newark to Chicago freight line using a Binghamton hub, via a trailer rail conversion system from BiModal, now under Tiger International control.
MENTIONED IN THIS ARTICLE
Binghamton
UPD
Track Freightways
Newark
N.J
Chicago
John Sullivan
Sullivan
Binghamon
Juanita Crabb
Fastrack
Bimadal Corp
North American Car Corp
Dec
North American
Tiger International Inc
Los Angeles
Bimadal
U.S
Also Mentioned on This Page
Social Security Basic Principles
Millon
United States
Franklin D Roosevelt
Sylvia Porter
Congress
Srna Sonat Security
Syracuse Herald-Journal
Irving Bank
Treasury Billg
Bollar
Can
Rea
Pcr
Bill Crozier
Laurence Doolittle
Chase Econometrics
Surgeon General
Conrail
Buffalo
William Burt
Burt
Diieodal
Algtus
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