Word: sierras
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Dates: during 1970-1979
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...African Queen, 4, 8 p.m.; and Treasure of the Sierra Madre...
...states, the state government picks up the full nonfederal tab). In New York, where the AFDC bill is split 50% federal, 25% state and 25% local, officials of Oneida and Orange counties simply decided to stop contributing. In California's Plumas County, an impoverished timber area in the Sierra Nevada Mountains, local welfare costs have risen by $60,000 from a year ago; the county board voted not to finance the full increase. These revolts have been challenged in the courts by state officials...
Seldom has the environmental establishment been so embarrassed. A recent Los Angeles Times story reported that many major organizations in the movement "have sought to increase their income by investing in the very companies that they criticize most." The stock portfolios of the Sierra Club and the Sierra Club Foundation have included securities of such frequent targets as General Motors, U.S. Steel, Tenneco, Weyerhaeuser Co. (timber) and Exxon. The Environmental Defense Fund also holds Exxon, even though the fund fought a court battle against the Alaska pipeline, in which Exxon owns a 25% interest...
...Graff: "We can't invest in companies doing environmentally beneficial things, companies in solar energy or scrap iron, for example. If we did, it would look like we were promoting our economic interest when we took a stand on an issue." Added Colburn Wilbur, executive secretary of the Sierra Club Foundation: "Every time we drive, fly or eat we are helping the polluters. We don't have a pure investment portfolio. I don't think we could if we tried...
...instructive to note that the Doomsday mind, like so many things, can be turned to profit. A group of California land developers has founded something called the Scott Meadows Club-712 acres of fertile Sierra wilderness in Northern California's Siskiyou County, all set aside as a secret retreat, once civilization as we know it has disintegrated. For a modest membership fee of $12,500 and annual dues of only $300, members are allocated space in a "security building" to store a year's cache of dehydrated food for each individual in the family; the payment also provides...