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Like many legislatures, Indiana's insists that prisons make a profit. Last year Indiana State Prison turned out 3.5 million license plates, among other things, and netted the taxpayers $600,000???no problem when inmates get 20¢ an hour. Inmates also provided the prison's few amenities. Many cells are jammed with books, pictures, record players and tropical fish in elaborate tanks. There are two baseball diamonds, three miniature golf courses, tennis, basketball and handball courts?all equipment paid for by the inmates' recreation fund...
Even these disturbing figures do not adequately show the depth of the church's clerical crisis. In the past three years, the world population of Catholics has increased by 13,800,000???but there are fewer and fewer replacements for the priests and nuns who leave. Vatican statistics indicate that the number of seminarians dropped from 167,000 in 1964 to 147,000 last year. Across the U.S., hundreds of financially hard-pressed parochial schools are closing, partly because they do not have enough teaching nuns to stay open. Five years ago there was one priest for every...
...Year. To Thomson, investing in the market is no gamble, and he has statistics to prove his point. Under Merrill Lynch encouragement?to the tune of $400,000???the University of Chicago's Center for Research in Security Prices recently studied all stock-price changes since 1926, carried out 56,558,000 computerized transactions. Result: a long-term profit that varied according to tax bracket: a tax-exempt institution would have earned 9% per year on its investment since 1926; an individual in the $10,000-a-year bracket, 8.2%; and one in the $50,000-a-year bracket...
...flying. She became a consulting member of Purdue University's faculty, specializing in aeronautics and careers for women, and last year acquired a Wasp-motored Lockheed Electra which was supposed to be a "flying laboratory" equipped with up-to-the-minute flying and navigating devices. The cost? $80,000???was mostly provided by anonymous members of the Purdue Research Foundation but it was specified that the plane should be Mrs. Putnam's property...
Actually the petition was presented by Associated Railways Co., a jointly-owned corporation set up to buy M. & St. L. for $7,200,000???to be furnished by Mr. Jones. After abandoning one-third of M. & St. L.'s 1,500 miles of line. Associated Railways proposed to parcel out the rest for the partitioning carriers to operate?429 mi. to either Chicago Great Western or Milwaukee; 197 mi. to Burlington; 140 mi. to Chicago & North Western; 92 mi. to Rock Island; 47 mi. to Great Northern. In addition there are several proposals for joint operation, some of which include...