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...decade of extremely high inflation, could jump to as much as $300,000. (The higher the dollar value of a company's plant and equipment, the greater the amount charged against its assets to provide for depreciation and thus the lower its reported profits.) In Britain, where double-digit inflation has prevailed since 1973, replacement-cost accounting will be required by 1978; by one estimate, conversion to the system will reduce the reported pretax profits of companies there by an average of 45%. In the U.S., where inflation in recent years has never exceeded 12% for any length...
...says some 13,000 pets are put to death in the U.S. each day because their owners cannot afford vet bills. Murray, who started the San Francisco program last October, hopes to extend his coverage nationwide. To ensure the program against ripoffs, pets entitled to benefits get a ten-digit number tattooed...
...Inflation, as measured by the consumer price index, will abate a tiny bit from the 5.8% expected for this year to 5.7%, and hold there until the end of 1977. This is dramatically better than past doubledigit levels. But Board Member Robert Nathan, who manages his own consulting firm in Washington, feels that the inflation figures have benefited disproportionately from "windfalls" of relatively steady prices of food and fuel...
...impact on the multimillion-dollar illegal numbers racket, even though New Jersey, Maryland, Massachusetts and Rhode Island have introduced their own numbers games to compete with the illegals. The most successful of these, run by Maryland, has closely patterned its game after the illicit version. Players choose a three-digit number and can bet on it daily in multiples of 500; the payoff is 500 to 1 in cash, up to $600. It is a more honest game than the numbers rackets. Winners are always paid, which is not always the case on the streets. Illegal numbers banks have been...
...Numbers Game is a parimutuel system. Payoff on the randomly-selected winning number varies inversely with the number of bettors who select that number. Gamblers may play various number combinations in three- and four-digit games...