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The article presents facts and comments on several issues concerning the U.S. One comments on the act of selling U.S. arms to Iran in an attempt to free hostages and help support moderates in Khomeiniland. Another comments that countless and increasing billions of dollars are being spent to dispose of waste by the feds as well as every state. Lastly, another comments on the entrance fees for national parks.

The article provides information on the operations and performance of San Bruno, California-based clothing and accessories retailer Gap. Topics discussed include the role of Gap president Millard Drexler in changing the Gap's adolescent-oriented image, the launch of Gap stores that feature more stylish sports clothes with a European flair and Drexler's close working relationship with store employees.

An excerpt from an article in the periodical "The Economist" about the governmental investigation into the political sex scandal involving U.S. President Bill Clinton and White House intern Monica Lewinsky is presented.

An excerpt from an article in the newspaper "Union Leader" about the fiscal policy of U.S. President Bill Clinton is presented.

The article discusses topics relevant as of December 1976 including a U.S. Supreme Court ruling concerning the dismissal of non-Civil Service government employees by newly elected public officers and the Forbes Annual Mutual Fund Survey. Partisanship and bureaucracy among U.S. civil servants and the significance of investors' confidence for the sales of mutual funds are also discussed.