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From nothing but "a cardboard box with $300,000 in debts, no employees, no phones, no plan"?actually locked out of its first office after a credit check???the Los Angeles Olympic Organizing Committee has burgeoned in four years to something greater than phenomenal. The L.A.O.O.C. plan: Don't build any sports palaces, refurbish the Memorial Coliseum. Spread the Olympic Village lightly over U.S.C., U.C.L.A. and U.C., Santa Barbara. Dot the megalopolis with stirring events. "We didn't have the three top sources of income available to all prior Olympic Games," Ueberroth (pronounced you-ber-roth) says...
...inflation can be held in check???a big if?the outlook past the 1979 slowdown seems bright. Greenspan sees a trend throughout the industrial world toward more conservative tax, spending and money-supply policies aimed at spurring investments. As a result, he believes, the U.S. and other industrial powers have a good chance of coming out of "the malaise of the 1970s" into a long era of moderate but steady and less inflationary growth in the 1980s. Eckstein foresees some danger, but a rather pleasant one. Once the slowdown is over, he thinks, the economy will expand so rapidly through...
...Just a minute," he said. "The people who need it [the rebate] the most are unemployed in 1975, and they wouldn't get anything." He insisted that the tax refunds be made by check, not credits on new taxes. Said Ford: "If you don't send a man a check???money that he can see and hold in his hand?you are going to lose some of the impact...
...Viet Nam, and I sure wouldn't want to go back there." Other prospective employers would not hire him because, he believes, they feared that he would rush right back to Lockheed as soon as it got a new contract. Cline has been drawing a $49 weekly unemployment check???and feels embarrassed. "It's hard," he explains, "to see the difference between compensation and welfare." At last his lonely search seems to be over. He recently landed a $7,100-a-year office job with the National Guard, which required, as a condition of employment, that he become a member...
...Finney last week came $23 from the sovereign State of Iowa. It was an old-age pension check??? the first he had ever received, the first Iowa had ever paid. It marked the start of Iowa's new old-age pension system which will distribute up to $25 per month to indigent persons over 65. The money is raised by a $2-a-year head tax on all lowans over...
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