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Cedar Rapids Gazette Newspaper Archive: July 28, 1974 - Page 7

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - July 28, 1974, Cedar Rapids, Iowa                                Labor Department Seeking To Modernize Price Index The Cedar Rapids San.. July 2X. 1971 By Ckirlts Fliutr WASIHNGTON (DPI) _ The way the government figures it. -Sam SUpack is, an averaxJ American blue collar or clerical worker who spends 55.C Lciib uul oi i-very lluw he earns for haircuts Mrs Sixpack spends 22.3 cents of every J100 on seamless nylon hose. Together, they spend K6.4 (Tills of everv for steak, II i-tnts for bananas and for food awjy from home, includ- ing cent for snacks. Out of tin- same flfltl, the haby-silter collects .12 cents, college tuition takes 33 cents and bowling fees 33.5 cents The Kovcrnment says this is the way we live and spend our money and then adds "maybe." Problems These expenditures and hundreds of others by "Sam Si.vpack" are reflected in the Kovernment's Consumer Price Index (CPU, which is closely watched as a key to the na- tion's economic stale. In buy worth of goods at then prevailing prices. Today it takes to buy the same There are some problems, however, with this statistical portrait of America: Sam Six- park represents only 45 per- cent of the nation's population, and American buying patterns have changed. To resolve the problem, the government's Bureau of Labor Statistics (BLS) has asked rcngress to provide funds to devise a second index covering 80 percent of the public, not just blue collar and clerical workers. Change in Habits The bureau already is working on the second problem. It is trying to find out how Americans spend their money and where, with an eye to revising the present cost of- living index We now live in a world of long hair, trash mashers, parity hose, fast food res- taurants and cars with fancy standard equipment once con- sidered accessories. We also shop for our goods arid services at discount houses, suburban shopping centers, convenience stores and mail order houses. "We've changed our shop- ping habits but those changes have not been reflected in our statistical accord- ing to Julius Shiskin, commis- sioner of labor statistics. Important Workers That's why the government is spending million to overhaul the Consumer Price Index, as required by law every 10 years. The new revision is scheduled to be completed in April, 1977. Is the revision really impor- tant? Workers think so: About United Auto United Steelworkers got 44 Workers received wage cents an hour more in March increases in June because their arid another 13 cents an hour in pay is linked to the cost of liv-1 June because of an increase m ing to protect them against the price index unreasonable inflation. The increase came to 13 cent-; an hour at Ford, Chrysler and (leneral Motors Famed Paris Cafe Closed For While Where will they go now. the Americans in Paris hungry for a familiar face from back where they came from? The Cafe de la Paix is closed. "If you sit at one of its ta- the old savins, "sooner or later you'll see someone from your homo town." More often not it's another tourist from back home keeping an eve out for someone from back home. Homesick hunters like that will be miEsinK from those glamorous sidewalks over- looking the Place dp I'Opera until ni'xl October. Rut by then I he world's most famous sidewalk cafe will he renovated and again selling the style universally imitated by other 'urban oases of as one expatriate American pi "claimed I-'or the sidewalk cafe M-ndroinc watching the pilule uhilc -ippiiu: an aprriiif nr [lie hki1 --is known in hundreds of nr hn r hoods t hroughout I- iinipo and now increasingly in the S., tin1 National (ieographic Society says Nowhere have sidewalk cafes hi'cume a way of life mure than in Paris, which has upward of HI.IIIHI of thrill. Wandering Albatross Has Largest Span The wandering albatross of the Miulhern oceans has the lar'.'csl wins span of any binl, adult males averaging 10 feet 2 inches with wings tightly htretched. The largest record- ed specimen was a male measuring II [eel 10 inches in Western Australia about Aluminum workers covered by a contract negotiated by the Shiskin believes that more than 5.1 miilt'jn American1: arc covered by wage contracts tied to the price index The .'lumber is increasing steadily and the concept now is Iwmg applied to some pension plans. "Some 46 million persons now find their incomes directly affected by the Shiskin aid. "Included are almost 29 lion sor ml security ficiarn's, about 2 million military and federal service employes ar.d tirvivors, ftlfl thousand postal workers and aboiil 13 million. food stamp recipients Also affected by the index, he said, are the 24 million children who eat lunch or breakfast at school under the National School Lunch Act and thi- Child Nutrition Act of 1966 Because so many Americans have a stake in the index, every care must be taken to make sure it is a reasonably accurate reflection of normal spending habits "At Shiskin said, "a one percent change in the index can trigger an increase of more than SI billion in in- come under various escalation programs. An error of only 0.1 percent can thus lead to the misallocation of more than million." Ten Percent of U.S. Population Over 65 Nearly 10 percent of the United States population, or persons, were 65 years and older according to the 1970 S census. Of this number, about six million live in the south. 57 million live in the north central states. 5.2 million reside in the northeastern states and 3.1 million live in the west, the World Almanac suvs New York state has nearly two million residents 65 years and older and California has 1.8 million Own Chair Kach Chief Justice of the U.S. Supreme Court sits on the bench in his own chair, brought along when he ascends to the court. acres of everything for your home il 9 Save on all 6 big floors! SUBJECT TO PRIOR SALE i i (Remaining Porch, Patio Outdoor Furniture Luxury Sofas Reduced Some of these beautiful sofas reduced more from our regular price. Traditional, Modern, Coloniol and Contemporary styles. Prices stort ot Boxsprings Mattresses Choose from Simmons, Sealy and others in twin, full, gueen and king sizes. Floor sam- ples as low as Assorted colors and tickings. Buy comfort now at bargain prices. Mini-Sofas 14, K, Priee 34 great loveseats and apartment size sofas now in stock, ready for immediate delivery. Occasional Tobies Save ISO Choose from 300 occasional tables mode by lone, Mammary, Drexel and others. Some tobies reduced as much as Vi price. lounge Chairs Meed 20% to 50% and More! 195 lounge choirs in Modern, Traditional, Early American ond occasional styles. Buy more than one with prices starting at S55. Recliner Chairs Sunbeomijxmaster Mixer Save to America's most popular name in mixers. Mix- finder dial with 12 speods, automatic howl speed (onlro! end many other fine features. value. choirs to choose from in many different styles and fabrics by Kroehler, BnrcaLounger and others. Prices stort at Bed Davenports and Hide-a-Beds Over ISO Hide-a-Beds and bed davenports to choose from in twin, full or queen siie by Simmons, Kroehler others. Dining Room Groups Save to These dining room groups are all from fine manufacturers such as Bossett, Lane, Bern- hardt ond Drexel. Beautiful furniture ot mar- velous savings. Bedroom Suites Save to 42 bedroom suites by Drexel, Thomosville, Lane, Bassett ond others in most wonted styles, reduced S50 to La-Z-Boy Recliners 9 pc. Dinettes Save to This includes our entire stock of world famous, qualify constructed la-Z-Boy recliner chairs. Many styles and colors to choose from. 5, 7 ond 9 plate dinettes ore reduced to WO.OO. Choose from several dif ferent styles. Open Stock Suites Reduced 10% to 30% Our Open Stock Bedrooms includes Mnplo, Colonial, Ook, Provincinl, Cnmpoicjn nnd (on- temporary styles. Groups htive rrqiilm hrd room furniture items ond rmmy fxt'd pieces such as desks, hc-okcmps TfinmTamps (fO to Off Your choice of any chain lomp now in slock nt SlOtXl lo VIOfK! off tlio pure. Ftey now odd o lil'ic "light" to your Unfinished Furniture Save Up to 30% Every piece of smooth sonded unfinished pine is reduced to cloornnce prices. You'll find li- mited quontitic. of chests, desks, cabinets, headboards, stool, and benches. First come basis. Desks and Bookcases Save 10% to 30% We've got hundreds of desks, bookcases ond record cabinet! in styles that will fit into your decor nt 10 to 30 percent savings. Floor and Table Lamps to Off Many, many floor find table lamps have bren rnducod during our inventory clearance. We have o orpat selection nnd now ct rjrrnt Wort's ond UtSw' Wrist Watches off Reg. Priee Choose; from a nice selrtrtion of famous hrnnd name watches in discontinued styles. moke rjrcnt (jiffs nnd there is no foptlnr [imp to luiy Fine China Pieces To Close Out at Price Odds nnd ends of line china MUST CO! Snucers, cups, bread ond butler plates nvoil- oble in Winston, CniliMon, Hiivilunil, nnd Fran ronia patterns. Table of Gift Items Reduced to '2 Price Special table of assorted gif! ilnms including vases, ihecse boards, ligurines, etc All reduc- ed to price. Special Group of Bedspreads y2 off Choose now horn a special group of twin, full, quean or kinrj bedspreads. Most in quilted floral printv ThfKP. ore excellent vnluos. Ready Made Draperies Reduced and More Full pairs of ready made draperies (odds ond ends) have been drastically reduced during our Pro-Inventory Sole Variety of sizes, colors and Inhrics still available. 1 i.i   

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