The News 6/75

Continuing on our tour of the news on various dates, hear's what was
reported on 6/1/75.  Mostly we read about the municipal budget crisis.

The City's welfare rolls topped one million.

Experts were proposing ways to raise revenue for the city, including a 5 to
10-cent increase in the subway fare, applying the sales tax to haircuts,
closing four out of the five city zoos and shutting down WNYC radio and TV
(then owned by the government).

Mayor Abe Beame announced that the Municipal Assistance Corporation would
float "Big Mac Bonds" to help bail out the city.

Artists were being priced out of lofts.

The Enquiring Photographer asked passers by what they thought of a recent
survey indicating one-third of us had lost faith in the American Dream. Mr.
J. S., a salesman from Brooklyn, agreed, pointing out that a year of
college could set parents back $5,000.

All was not sad, however. You could hear Phyllis Diller for 60 seconds by
calling Dial-a-Joke.

"Godfather Part II," "Monty Python and the Holy Grail" and "Prisoner of
Second Avenue" were all on the silver screen, while Broadway featured "A
Chorus Line" and "Grease."

You could get the latest Pointer Sisters LP for $3.97 at Korvettes, while a
pair of Converse sneakers were $9.98 and a basic Sharp calculator was a
whopping $19.95. Who can forget those weighty calculators?