U S Taxpayers Face New Foreign Asset Reporting Rule
The federal government moves to require U S taxpayers to disclose foreign financial holdings on annual returns for the first time. The measure aims to shut down tax evasion channels by forcing reporting on foreign banks and accounts, with penalties for noncompliance. Switzerland allows some access in serious tax crimes, but tax evasion remains outside criminal scope there.
MENTIONED IN THIS ARTICLE
Wasiington
U.S
U.S. Cvinginat Ardly
Smanyers
Jain
Id Yan
Nixon
Fueili
Switzerland
Automakers defend inflated car sticker prices
Washington AP report on Ford Chrysler and industry spokesmen urging the FTC to allow posted prices that exceed actual sales. They argue suggested retail prices enable bargaining and are nondeceptive, while warnings on tags could help, though a new pricing system is uncertain. General Motors avoided comment amid coast‑wide price litigation.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
Ford
John J. Nevin
Ford Atotor Co
FTG
Nevin
Chrysler
Byron J. Nichols
Nichols
Drive Aims To Open Roads In Cambodia
South Vietnamese forces with 140 armored cars launch a north south drive to reopen Highway 4 from Phnom Penh to Kompong Som. The road has been cut for nearly two months by North Vietnamese troops, with light contact reported in initial stages. Spokesmen say forces advance from Phnom Penh and Kompong Bom toward the highway’s key passes.
MENTIONED IN THIS ARTICLE
Saigon
Phnom Penh
Cambodia
Kompong Som
Market Extends Upward Trend On Wall Street
New York stocks climbed further on Wednesday as investors priced in a brighter economic outlook. The Dow Jones average rose 1.78 to 845.97 at 10:30 a.m. with mixed results across Big Board and American Stock Exchange listings. Notable moves included Shulton down 4 at 28 and Monsanto up 2 at 34, while Chrysler advanced 3/4 to 25. Peelinder and Eco logical Sciences showed gains in their respective quotes.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Shulton
Ocvitental Petroleum
Monsanto
Chrysler
Litton Industria
Standard Oil of New Jersey
American Stock Exchange
Amco Indus Fries
Tool Research
Mer Culloch
Ais Ecological Sciences
Peelider
Quietly Do Your Own Work Says Thessalonians Message
The text urges believers to be quiet and mind their own business while doing daily duties. It contrasts those who boast loudly with the expectation that everyone strives to fulfill personal obligations without flaunting achievements.
MENTIONED IN THIS ARTICLE
Thessalonians
Army's Former Top MP Faces Federal Charges
Retired Army general Carl C. Turner, former provost marshal general, is indicted on 13 counts for unlawfully obtaining 423 guns from the Chicago Police Department and evading $15,000 in federal taxes. The indictment was returned by a federal grand jury in Richmond.
MENTIONED IN THIS ARTICLE
Army
Carl C. Turner
Chicago
John Mitchell
Turner
U.S. District Court
Richmond
Washington
Turner Wis
Nixon
U.S
Justice Department
Graff
Reagan Calls Public Work Force to Reform California Relief
California Governor Ronald Reagan urged a major welfare reform in his State of the State address, proposing a public work force of relief recipients to replace cash aid. He framed the plan as a step to reduce the dole while boosting job training and placement, with a projected total welfare budget around 6.5 billion dollars. Democrats hesitated, and Assembly Speaker Bob Moretti criticized shifting welfare costs to counties.
MENTIONED IN THIS ARTICLE
Sackammnto
Rowwkl Reagan
California
Reagan
Senate
Assembly
Bob Moretti
Chatman
Willie T
iSlowers
Postage Rates Set to Rise Before June
Washington AP report notes Postmaster General Winton Blount says postage rates will climb before June as the five converts move toward a semi autonomous postal service. A nine member board of governors will take control by August 12 and may act sooner. One early item under review is a likely one third rate increase for all but fourth class mail.
MENTIONED IN THIS ARTICLE
Washington
Winton M. Blount
Blount
Fauntroy Wins Democratic Nomination for Congress
Rev Walter E Fauntroy, a Baptist preacher allied with Martin Luther King, wins the District of Columbia Democratic nomination for the first non voting House seat in 100 years. He secures 41470 votes with precincts reporting, while Joseph Yeldell and Rev Channing Phillips trail. Forty seven percent of 200327 registered voters participate amid a slow tally due to a mechanical tollup.
MENTIONED IN THIS ARTICLE
Wasiington
Walter E. Fauntroy
Tate
Martin Luther King
District
Columbia
House of Representatives
John A. Nevins
Fauntroy
Joseph Yeldell
IBN
Channing Phillips
Presi
Det
Trewin
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United States
Commission
Rales
General Motors
Bible Thought
D.C
Rev. Fauntroy
Congress
Daily Mail
Uae
Mda
Restene Pald
Hagerstown
Associated Jess Ie
Talon
Toca News
AP News
Bae
Tori Lior
Footsie
Babycrest
Issecsee
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