Word: standard
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Dates: during 1960-1969
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...three-step rise in the standard tax deduction-now $1,000 or 10% of income, whichever is less-to $2,000 or 15% by 1973. The feature is designed to aid lower-and middle-income groups. > An additional $1,100 income exemption for those with annual earnings of $3,300 or less, aimed at removing 5,500,000 poor families from the tax rolls. > A new schedule for single taxpayers designed to narrow the gap between what they pay and what is paid by married people with the same income. Single people now pay up to 40% more...
...potential for oil-pollution disaster has increased along with the size of tankers. In World War II 16,000-ton tankers were standard. Today 300,000-ton behemoths ply the sea, and larger ships are planned. As the Torrey Canyon dramatically demonstrated in 1967, one ship can cause a major calamity. In the past five years 94 tankers have foundered; two collisions occur every week. Then there is the rising risk of dangerous pollution from offshore oil wells. Last spring a presidential panel investigating the Santa Barbara Channel blowout concluded that the U.S. faces one major oil spill every year...
...congregation, Father Joseph Putnam, 40, its white pastor, employs more than one kind of tradition. The freewheeling Sunday services, though Catholic in ritual, are heavily Black Baptist in flavor. Music Director Alexander Rankins, a Negro, pounds an old upright piano, leading the al-tarside choir in standard Negro spirituals and other numbers from three books on the piano: The Catholic Mass, The Baptist Standard Hymnal and Gospel Pearls. Father Putnam talks about the meaning of humility?"A humble man must be strong. Jesus taught us that" ?and recommends a play that some of the neighborhood's angry young blacks...
Gasoline ads have generally ignored air pollution, concentrating on better mileage and higher performance for engines. Last week Standard Oil of California began to use pollution control as a promotional tool. It will market a variety of its Chevron gasoline that, it says, will help produce cleaner air. The gas contains an additive called F-310 that, according to claims, holds down the engine deposits that cause deterioration of emission-control devices and removes accumulated deposits. The additive will also, of course, "reduce fuel consumption, improve performance and cut maintenance." To be introduced in California and Hawaii next month...
...high of 969 to a December low under 784. The conglomerates took a beating; LTV and Gulf and Western dropped more than 50% from their year's highs. Among the blue chips, strike-troubled General Electric has sunk to 79 from a historic high of 120 in 1965, California Standard to 49 from a high of 86 in 1966, Allied Chemical to 24 from 66 in 1961, Du Pont to 105 from 260 in 1965, and U.S. Steel to 34 from...