Word: ink
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...package of cuts and taxes to stem all that red ink...
...behind both ABC and CBS. Meanwhile, the firm's SelectaVision video disc player units for home viewing of prerecorded video entertainment have so far failed to catch on with consumers. In addition, earnings in other operating divisions have continued to decline. One result is that overall corporate red ink in the third quarter of 1981 hit $109.3 million, the worst quarterly performance by the company since...
...with the President on how to achieve this goal. In keeping with their cautious attitude on defense issues, 46% say they would reduce military spending, if necessary, to balance the budget; 38% oppose any reduction in defense appropriations. Moreover, significant majorities approve of trying to sop up the red ink by raising taxes on tobacco (74%) and businesses and corporations (59%). At the same time, Yankelovich found that the public is opposed to raising taxes on oil and gasoline (57%) and personal income (73%). The voters also reject overwhelmingly spending cuts on consumer protection (53%), programs for dependent children...
...risked being boycotted by voters who fear being murdered if their name appears on a list having anything to do with politics. Under the new system, a voter can present his government-issued ID card at any voting booth in his home province, get his finger marked with indelible ink, and vote. Bustamante insisted that a voter could not remove the ink and vote more than once "unless he amputates a finger, and if he does, I'll be delighted to let him vote two times, even ten." The major problem, Bustamante added, will be getting ID cards...
Last week the flood of red ink from Detroit continued. Ford an nounced a quarterly loss of $335 million, a bit higher than the $300 million that industry watchers had expected. Though Chrysler is the lone domestic carmaker to boast a sales increase for 1981, up 18% so far, the company reported that it operated at a loss of $149 million between July and September. Total Big Three losses: $952 million...