Flaw in Social Security funding could cut deficit
Economists say correcting a 1972 funding formula flaw could halve the projected Social Security deficit. The flaw overcompensates inflation for future retirees, risking higher payroll taxes potentially above 20 percent if unchecked. Ford admin plans legislation. Humphrey signals congressional support as a first step to stabilizing finances.
MENTIONED IN THIS ARTICLE
Washington
Congress
Congressional Budget Office
American Enterprise Institute For Public Policy Research
Hubert Humphrey
D-Minn
House-Senate Economic Committee
Belgian Ambassador's Daughter Kidnapped in Mexico City
The Belgian ambassador Andre Chaval reaches an improvised ransom accord with leftist separatists, who abducted his 16 year old daughter Nadine Chaval from a chauffeur driven car. The group demands 800 400 dollars by midnight Thursday, but no deadline for payment or release is set. The family, aided by donors including students and Mexican friends, raises funds though the captors threaten to kill the girl.
MENTIONED IN THIS ARTICLE
Meixco City
Pang
Andre Chaval
Nadine Chaval
Communist League
Miss Chavat
League
Congress
Whit
Thadeus
L. Frank Baum
Ulysses
Penelope
Dorothy Gale
Kansas
Dorothy
Belinda
Stock market rises after five-day loss on oil outlook
New York reported a broad advance on Wall Street as oil price policy eased concerns. The Dow Jones average of 30 industrials led gains, snapping a five-session losing streak as investors bought across sectors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Exchange Industri
Notice of Loss Concepts In Insurance and Market Update
The article explains the difference between notice of loss and proof of loss in insurance claims, stressing prompt reporting to an agent. It then shifts to a stock market recap noting a three month low and mixed bank shares, with leaders in oils airlines and chemicals and several individual stock moves including Philips, Exxon, Northwest Airlines, IBM, Motorola, Hewlett Packard, and others.
MENTIONED IN THIS ARTICLE
Standen & Guthman
Philips Pete
Don Chem
Woolworth
Esmark
Marcor
Penney
IBM
Digital
Motorola
Hewlett-Packard
Culbro Corp
General Cigar
Brae Co
Rohr Industries
General Motors
Also Mentioned on This Page
Ford Administration
Charyal
William Brown
New York News
All
Standard & Poor
Homer Guthman
Wilmot Printing Company
Temple CT
Elyria
Ohno
Bob
Westgate
Virginia Galleries
Henkel-Harris
Mary Henkel
Henkel-Harris Company
Henkel
Carroll Hess Henkel
Westgate Home Store
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