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Wednesday, August 29, 1984
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Housing secretary says
job program successful
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United Press International
I WASHINGTON — Housing Sec-
fetary Samuel Pierce Wednesday
Baised a government-industry pilot
■ogram that trained and placed 61
minority youths in jobs this year, but
said the 33 percent unemployment
in that age group is “still way too
pigh.''
jBThe Housing and Urban Devel-
iiopnient chief was joined at a news
conference by the mayors of several
Hties that are participating in the
project to train minority youths in
anagement, repair, landscaping
d maintenance of public housing
projects.
■ ‘This is an excellent training pro
gram but more needs to be done to
stimulate the overall economy,” said
johnny Ford, mayor of Tuskegee,
The program has awarded
$100,000 to each of 11 cities partici
pating.
The money comes out of HUD’s
Comprehensive Improvement Assis
tance program. In addition, many of
the cities have obtained supplemen
tal funds through matching private
industry programs.
While the nation’s overall unem
ployment rate is hovering just over 7
percent, joblessness for black youths
has ranged much higher, from 48
percent in 1980 to about 33 percent
today, Pierce said.
“That’s still way too high,” he said,
but said the three graduates of the
Minority Youth Training Initiative
who participated in the news confer
ence are “tangible proof of a success
ful program.”
Earlier Wednesday, the National
League of Cities relesased a report
showing that more than six out of
ten U.S. cities list unemployment
among their top problems.
Pierce said “policies of the past”
such as the Comprehensive Employ
ment and Training Act of the Carter
administration had failed because
they did not train people for jobs
that actually exist.
“This program attacks the roots of
unemployment, it does not just hack
at the branches,” Pierce said.
He said 165 youths had graduated
from the program in the past year,
though only 61 have found jobs.
“This is a model project,” Pierce
said repeatedly. “We want to see how
well it does.”
Pierce said the program will be ex
panded into seven more cities next
year.
ughes’ estate pays out
illions in death taxes
\s
9
UES
United Press International
■SACRAMENTO, Calif. — The
administrator of billionaire Howard
Rlughes’ personal estate Wednesday
IBned a “costly” agreement to give
i^Jlifornia up to $ 150 million in cash
lind land in death taxes, culminating
I lengthy legal battle over the reclu
sive tycoon’s property.
■William Lummis, administrator of
Hughes’ complicated estate, said he
|planned to sign a similar negotiated
settlement to pay $50 million cash in
iBheritance taxes to Texas.
■ Lummis called the agreements
j “an important milestone,” ending an
leight-year legal between Hughes’
theirs and the states of California and
fexas over inheritance taxes.
■“This is a compromise settlement,
a.costly one for us,” said Lummis,
who identified himself as Hughes’
first cousin. “But after eight years,
IWih three trips to the Supreme
Court, this is the time to dispose of
this litigation.”
California Controller Ken Cory,
who signed the inch-thick document
during a news conference Wednes
day, said the settlement must still be
approved by a probate judge in Los
Angeles Superior Court and the Su
preme Court.
“We’re convinced we fought a war
and we are declaring victory,” Cory
said.
He said without the settlement, it
would take another five years to re
solve the legal issues.
Hughes left a personal estate esti
mated at between $300 million and
$500 million when he died in April
1976 while flying on a private plane
from Acapulco, Mexico to Houston,
Texas, for medical treatment.
Hughes always denied leal residency
in either state and said he lived in
Nevada, which has no inheritance
tax.
For tax purposes, the IRS placed a
$371 million value on Hughes’ per
sonal estate, although both Califor
nia and Texas claimed its value was
closer to $450 million.
Cory said the state would receive
$44 million in cash and a trust deed
for 73 acres of undeveloped “prime
real estate” near the exclusive South
ern California community of Marina
del Rey.
The land will be held until 1988,
after which the state could either sell
it to the highest bidder or return it to
the Hughes’ founded Summa Corp.
for a minimum of $75 million, Cory
said.
Summa Corp. has already agreed
to make more than $6 million in im
provements to the land, which is
now used as a Little League baseball
field. An appraiser from Caldwell
Banker has estimated the land could
be worth up to $106 million if it can
be developed, he said..
irsby
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