Word: estie
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Motor vehicles account for an esti mated 60% of the pollutants that contaminate the nation's atmosphere. To combat this growing menace, Congress empowered Health, Education and Welfare Secretary John W. Gardner to limit such pollutants. As a result automobile manufacturers have installed exhaust controls on 1968 model cars. To meet this year's HEW standards, the new control devices must reduce the emission of hydrocarbons and carbon monoxide, major sources of automotive pollution, by 60% and 50% respectively. But even this improvement will be more than counterbalanced as the number of U.S. cars increases each year. Faced...
...Coalition of Ideas. For Britain, things do not promise to improve any time soon. The National Institute of Economic and Social Research esti mates that at best the effects of devaluation will improve Britain's balance of payments by only $156 million in 1968; not until late in 1969 can it expect to turn smartly into the black. Meantime, domestic food prices have risen 3.8% since devaluation and will rise 5% to 15% after the first of the year. The powerful Trades Union Council still insists that it will seek a wage rise of an average $1.68 a week...
Otherwise the Beatles live in a style that is quietly luxurious-as well it might be, considering their income from records, films, television appearances, song publishing and copyright royalties, and assorted tie-ins with Beatle mer chandise. The most conservative esti mates put the net worth of Harrison and Starr at $3,000,000 each, and of Lennon and McCartney at $4,000,000 (because of their extra earnings as songwriters). The figures could easily be twice as high...
Last of the great big spenders, of course, will be the Pentagon. The esti mated defense budget for the current fiscal year is now $53 billion, and may well go over $60 billion next year. However, the Administration could deliberately underestimate defense spending when the whole administrative budget goes to Congress next month. Having avoided tying a tax increase to his domestic programs for the time being, the President could come back later with a supplementary request and blame the war for any tax boost that might be needed...
...million in the last three weeks. The improvement was not the result of Government action; it grew out of the classic remedy of increased exports and decreased imports. In fact, the only external aid for U.S. gold came unintentionally from Russia, which in recent months has sold an esti mated $250 million worth of gold in Western Europe. Most of the Soviet gold was bought by European central banks, which thus increased their gold holdings without having to draw on the U.S. supply...