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...last week that workers' average weekly earnings dropped by $1.35 in January, to $129, because of a decline in hours worked. On top of that, increases in Social Security taxes, state and local taxes and federal income tax withholding rates slimmed many paychecks. In some cities, rises in transit fares, rents and utility rates have further cut into the cash that consumers have available to spend in stores...
...road for West Allis, Wis., and the only Olympic-sized artificial rink in the U.S. Traveling in a car pool run by their parents, they visit the bleak Wisconsin state fairgrounds every day for six straight months, spending three hours a day on the ice and three hours in transit...
TECHNOLOGY: In his State of the Union message Nixon proudly described a new program in which the Government will cooperate with private industry in developing a series of ultrahigh-technology projects to "improve our everyday lives." These include new mass transit systems and fire-fighting techniques employing helicopters. Unfortunately, Nixon had more new ideas than new funds: the Government will spend only a modest $700 million on new civilian research programs in 1973, with another $800 million going to military research...
...tale was Rashomon in a James Bondian world, an intricate fantasy of scramblers on telephones and double identities, of 5 a.m. rendezvous in wigs and false beards, of exotic island fastnesses that pulse with secret electronics and the glint of fortunes in transit. Its protagonist could only be Howard Hughes, 67, the archetypal, anchoritic billionaire brooding over one of the world's great pools of wealth. He has always been an elusive, somehow haunted presence, sending out his commands from a bewildering entombment in desert or tropical hotels. Obsessively shy, devoted to intrigue, suspicious almost to the point of paranoia...
...series of tax cuts have left the Government strapped for ready cash. As a result, the Administration faces some tough choices. It must either raise taxes, cut current expenditures, or go slow in meeting a growing plethora of public needs, including benefits for Viet Nam veterans, pollution control, mass transit, prison reform and aid to ailing cities...