Word: conn
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Dates: during 1980-1989
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...family of five in Greenwich, Conn., with an income of $120,000. They are paying $7,249 in state and local taxes plus $28,000 in interest on a mortgage and various loans. In order to pay for one child's college education, they are selling some stock. The profit is currently taxed at 20% but that would decline to 17.5% under the Reagan plan. The couple's Individual Retirement Account deduction would go from $2,250 to $4,000 under Reagan's program...
DIED. Joseph Bishop Jr., 70, Yale Law School professor and expert in military and corporate law who in the early 1950s defended the Army against charges by Senator Joseph McCarthy that it had been infiltrated by Communists; after a long illness; in New Haven, Conn. Denounced by McCarthy, Bishop later remarked, "I am, oddly, the only member of the Yale Law School faculty to have been so honored, and some of my colleagues feel the injustice very keenly...
...fine was $676,283.30, ten times the amount of gratuities that the company gave Admiral Hyman Rickover, 85. For three decades, Rickover was the boss of the Navy's nuclear submarine-building program, a large part of which was carried out at General Dynamics' Electric Boat Division in Groton, Conn. Lehman also took two Navy contracts worth $22.5 million away from the company, and will reopen them to competitive bidding. Finally, the Navy announced that it would hold up several General Dynamics contracts, including one for construction of the next Trident submarine, until it is satisfied that the company...
...Margaret Hamilton, 82, character actress in 75 films and scores of plays who in her most memorable role, as the cackling, green-faced Wicked Witch of the West in 1939's classic The Wizard of Oz, became an incarnation of evil to generations of deliciously scared children; in Salisbury, Conn. Ironically, Hamilton was a kindergarten teacher before succumbing to the acting bug in 1932. She went on to portray dozens of stern spinsters, puritanical aunts and smarmy gossips, and was well known as the kindly storekeeper Cora in five years of Maxwell House coffee TV commercials...
...indicted but has pleaded not guilty, will go on trial in July. Baessler, who was given immunity in return for his cooperation, has implicated some of his superiors, but neither the investigators nor the company has released the names of those under suspicion. At GE's headquarters in Fairfield, Conn., top executives have denied any prior knowledge of the fraud. A letter to employees, signed by Chairman John Welch and other officers, stated: "We've seen, all too clearly, how the actions of a few can hurt an entire company and all of its employees...