Word: acceptance
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Dates: during 1970-1979
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What the nation's most populous state last week refused to accept was the soaring, inflation-fueled rise in its property taxes. In the most radical slash in property taxes since Depression days, Californians voted themselves a 57% cut?more than $7 billion?in the levy that hurts them most, the tax on the rising value of their homes. Ignoring warnings that schools may not be able to educate, libraries may close and crime rates may climb, the voters further decreed that any local tax hereafter may increase no more than 2% a year?substantially less than the anticipated hikes...
Last week, a day after the funeral for Alabama Senator James Allen, Wallace offered to appoint Allen's widow Maryon as interim Senator. She was "humbled" to accept-and added that she might run for the seat herself in a special election in the fall. Wallace replied that she would have some stiff opposition. Letters have poured in from supporters asking him to reconsider his retirement. Unless he changes his mind again, he will be running for Allen's seat himself. The old dog is barking back...
...Hanoi's announced intention to resettle over the next 20 years in uninhabited areas 10 million people from overcrowded cities. An equally draconian resettlement program in Cambodia in 1975 coupled with political reprisals has already cost at least half a million lives. Why has Peking so far refused to accept Hanoi's offer to negotiate the fate of the Chinese in Viet Nam? Some Western observers speculate that Peking may have seized on the Chinese exodus as a pretext to put pressure on an erstwhile ally that is leaning more and more toward Moscow. Soviet technical aid and loans have...
...proposal has picked up 61 sponsors in the Senate and won a majority of Steiger's colleagues on the House Ways and Means Committee, which originates all tax legislation. Because of Bill Steiger, the Administration reluctantly concedes, it will have to accept some lowering of capital-gains taxes to get any kind of tax bill out of Congress this year. Says Steiger: "I am more amazed than anyone...
...change represents a fundamental shift in American values. Many executives, especially those in their 40s and 50s, still march to the company drum and accept transfers as a means of rising. But younger executives?and their spouses ?are revolting against the stress and insecurity of the mobile society. Their rejection of the onward and upward American work ethic echoes Pop Star Billy Joel's hit: "If that's movin' up/ Then I'm movin' out." Or, as TRW Vice President James Dunlap says, "There's a feeling that work isn't everything these days. You've got to stop...