Word: coaling
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...early signs are not encouraging. Towns across the Rockies are suffering from what Psychologist Eldean V. Kohrs has called the "Gillette syndrome," named after a once bucolic ranching town in northeastern Wyoming. As oil and coal developers moved in to exploit what lay underneath Gillette, the town ballooned from a population of 3,580 people in 1960 to 12,125 in 1975. House trailers crowded in among the billboards and ramshackle storefronts, water supplies dwindled, the schools bulged with students. Crime, alcoholism and violence were commonplace. The town officials were simply unprepared to cope with the ugly side...
Boomtown officials find little sympathy in Washington for their plight. Washington is providing about $50 million a year to help towns disrupted by coal and uranium mining build new sewers, water lines and schools and hospitals. Westerners claim the funds are not enough, but Administration officials blame that on Congress. "Congress is still dominated by the East," says Paul Petzrick, director of the Office of Shale Resource Applications of the Department of Energy...
...space program has already shown that the required scientific know-how exists. What of the staggering costs? Glaser argued that after the turn of the century, when such satellites could be in operation, their electricity probably would be no costlier, and perhaps a lot cheaper, than power from oil, coal and nuclear plants. As for the danger from microwaves, Glaser conceded that this needs further study. But he pointed out that a satellite's beam would always be locked on target; in fact, it would disperse altogether if the satellite did not receive continuous electronic cues from a transmitter...
...those all too tempting tax dodges. Invest $30,000 in Wyoming coal fields, the pitch went, and use a loophole in the law to take a legitimate $150,000 deduction on Form 1040. Like many tax-shelter schemes, the offer attracted big names with big money: Basketball Stars Spencer Haywood and Earl ("the Pearl") Monroe, Candid Camera Host Allen Funt, Rock Singer Alice Cooper and Model Margaux Hemingway. The late Elvis Presley was the biggest customer of all: he sank $500,000 into the enterprise...
That was four years ago, and those Wyoming "coal fields" are still virgin grassland. Last week eleven of the 13 men involved in promoting the deal appeared in U.S. District Court in Boston for arraignment on charges that they fraudulently induced investors to take the write-offs. The Government also charges that the deductions were in fact illegal...