70 Year Magazine Archive

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■ The Ayatollah Khomeini has announced that the nation he rules is in a state of “chaos.” He was then brought before a Revolutionary Court, where he presided as judge, and sentenced himself to execution.

■ General Motors, in its 1980 Public Interest Report, calculates the cost of complying with federal regulations. For 1979 the figures were $512 million for auto safety compliance, $601 million for emission control, $21 million for noise control, $211 million for air pollution control, $114 million for water pollution control, $88 million for solid waste control, $104 million for OSHA compliance, and $292 million for administrative costs and filing government reports. Average yearly cost, 1974 to 1979, of compliance with governmental regulation was $1.3 billion. The total in 1979 was $1.9 billion. That’s about $400 per car, if you look at it from the consumer’s standpoint. From the investor’s standpoint: earnings in 1979 of about $10 per share, cost of federal restrictions $6 per share.

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