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...defense against rising heating bills. Stella Falco, 74, a white-haired widow who lives in a $50-a-month tenement in Providence, is tired and bitter. After five decades of working in textile mills, she receives $3,384 a year from Social Security as well as a small pension. A quarter of her income will go for heat; price increases mean a thinning out of her already poor diet. "Why should these oil people get rich while the poor people are going to freeze to death?" she asks. "Maybe I won't even be here by the time it gets...

Author: /time Magazine | Title: The Cooling of America | 12/24/1979 | See Source »

...school finances, despite round-the-clock investigation by a high-priced firm of accountants. Even so, depressing details began to dribble out: to meet expenses, administrators had failed to set aside $15.9 million in federal withholding taxes due the Federal Government and $5.3 million in teachers' pension funds and annuities. "This money belonged to our employees," said Mrs. Rohter, "and the board members are extremely concerned...

Author: /time Magazine | Title: Education: The Case of the Missing Millions | 12/17/1979 | See Source »

...steelworkers. Among the closings: the Youngstown Works in Ohio where a steam engine installed in 1908 still drives one of the rolling mills. U.S. Steel's earnings will be hit by the plant closings, which could cost as much as $600 million, mainly in pension benefits to workers. But Chairman David Roderick indicated that further closings may be necessary unless productivity and quality are improved...

Author: /time Magazine | Title: Business: Trying to Toughen Up Steel | 12/10/1979 | See Source »

...check. The charges accuse the company of artificially inflating the value of some G &W assets; hiding losses by shuffling money and stock among subsidiaries; risking huge sums in unauthorized speculations in the commodities market; improperly transferring funds in and out of the Dominican Republic; investing G & W pension funds in outside businesses that benefited the officers; and using company legal, tax and financial services for private endeavors...

Author: /time Magazine | Title: Business: Suing Bluhdorn | 12/10/1979 | See Source »

...Rachele remained at home, keeping house and rearing their five children. After the dictator was shot by partisans and hanged by the heels along with Claretta Petacci, his best-known mistress, his destitute widow returned to her native Forli. There she battled successfully for her right to a government pension, the Christian burial of Mussolini's remains and the return of many former possessions. She also ran a restaurant-inn for the past 15 years. Said she: "With all the troubles in my life, if I couldn't make a plate of tortellini or bring somebody a glass...

Author: /time Magazine | Title: Milestones, Nov. 12, 1979 | 11/12/1979 | See Source »

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