Word: katona
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...BECOME THE QUICKEST WAY TO FAME IN AMERICA'S GUN culture. And one morning in May 1992 it happened to Louis Katona III, a Bucyrus, Ohio, real estate salesman and part-time police officer. He got to tell all about it when the National Rifle Association flew him to its annual meeting in Phoenix last spring--how agents of the Bureau of Alcohol, Tobacco and Firearms, the "jackbooted fascists" of N.R.A. lore, had raided his home and seized his machine-gun collection. At the time, he estimated the guns' value at about $300,000 and kept them locked inside...
What prompted the "raid" was Katona's arsenal of machine guns. Under the National Firearms Act of 1934, anyone hoping to buy a machine gun must first fill out a federal authorization and have it signed by the chief law-enforcement officer of the community. Until September 1988 Katona was an auxiliary Bucyrus police officer and took his forms to his boss, Chief Joseph Beran--an immense, bearded man with a shaved head and a passion for Harley-Davidson motorcycles. At one point, Katona claims, the chief presigned a large stack of forms. Beran denies...
DIED. George Katona, 79, Hungarian-born economist who, as director of the economic behavior program in the University of Michigan's Survey Research Center, instituted the first large-scale studies of consumer attitudes and spending patterns; in West Berlin...
...that the state of the economy is their biggest concern. Unemployment has been lower than during any previous recession; yet three out of four Americans expect rising unemployment and economic difficulties this year. "The notion that things will be better tomorrow has received quite a shock," says Economist George Katona...
...women. The average American family has a fat $7,610 put away in savings accounts. Usually, a lot of money begins to burn a hole in the consumer's pocket, and a splurge of spending begins. But the usual consumer psychology may have changed. Last week George Katona, a consumer expert who heads the University of Michigan Survey Research Center, reported that the consumer's confidence is low and still falling, largely because he is worried about his job security and about a prolonged recession. In marked contrast to earlier years, says Katona, today's consumers spend...