Word: calif
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Dates: during 1970-1979
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When an outsider moves to take control of a long-established local business, the process can be about as amicable as a custody fight in family court. Right now, two modest-sized U.S. banks, one in San Jose, Calif., the other in Pontiac, Mich., each with assets in the $300 million range, are embroiled in takeover proceedings that are even more acrimonious than usual. The reason: in both cases, the would-be investors are Arab nationals-the forerunners, as some impassioned local citizens see them, of a full-scale economic invasion by Middle East oil sheiks...
Died. Larry Fine, 73, one of the Three Stooges; of a stroke; in Woodland Hills, Calif. As the frizzy-haired, tuber-nosed sidekick of Moe and Curly, Larry played an amiable idiot who spent most of his time dodging pies. Veterans of one-and two-reel shorts of the '30s, the Stooges enjoyed an extraordinary revival on TV in the late '50s, when their ham-handed slapstick endeared them to a new generation of children...
Ford's proposed tax rebate, if approved by Congress, would, as Sen. John V. Tunney (D-Calif.) has pointed out, "give the most relief to those who need it least and the least relief to those who need it most." Under Ford's system, a family of four earning $50,000 a year, hardly the most needy of groups, would receive a sizable $1000 gift; at the same time, a four-person family, barely above the poverty line with a $5000 annual income, would receive a rebate of just $12. So even though an upper-income family would make...
...among his league's top scorers, and last year he carried his team to a national championship. When he plays in his club's home arena, screaming girls shower him with confetti and every game is S.R.O. Despite his popularity, Jimmy Wilkins of San Jose, Calif., is unfamiliar to American fans; he plays for Spiel und Sportverein (Game and Sports Club) in Hagen, West Germany...
...Ranch. As Johnson prepares to retire to his cattle ranch near Santa Barbara, Calif, he is uneasy about the state of American aviation. "We are in a time of great confusion without any forward-looking programs," he told Hannifin. He does not expect an American SST before 1990. Nor does he expect any significant design breakthroughs soon. What he foresees is greater emphasis on fuel economy, with aircraft "flying higher and farther with good payloads, but not necessarily faster...