Cedar Rapids Gazette, August 14, 1974, Page 10

Publication: Cedar Rapids Gazette August 14, 1974

Cedar Rapids Gazette (Newspaper) - August 14, 1974, Cedar Rapids, Iowa The Cedar Rapids Gazette: Wed., Aor 14, 1*74 JJA Jewish Legislators Are Studying Arabic .JERUSALEM (AP) — Some    started a beginner seven les- Jewish members of Israel’s    son course, parliament are taking lan* Israel has about 2 8 million guage lessons — in Arabic.    Jews and 450,000 Arab citizens Arabic is the second official    All Hebrew proceedings in the language of the .Jewish state,    knesset are translated into but only 25 of parliament’s 120    Arabic, and Israeli money is members speak it. and four of    printed in both languages them are Arabs, said a spokesman for the knesset, or parliament FI PV(<n lof/iclatorc hstv*. Economic Stance Ford Looks to Action Insteod of Preaching Ile/ IaIih I'liHHill    «*ll    n    IJI rf ta; I I ti    it i .    Il/ni    t    ..    .    t    a    »    .    .    a    .. expected to rea^-h 6 percent before the end of the year. Can t Cot Bark Some people on fixed incomes have been reduced to desperation by the rapid erosion of their buying power They cannot cut back, they cannot trim any fat from their budgets without cutting to the bone The stock market is depressed. Those high interest rates cause trouble there too, because they draw capital into debt issues that ordinarily should be supporting stocks And besides, corporate profits aren’t that good. Corporations might show tug income figures for the time being but some of it is illusory, a distortion created by inflation. And corporations too must pay those high interest rates, which add to their costs and lower their investment apical._ copied with his Watergate problems that he ignored theirs. Their fears seemed confirmed when Nixon in his final economic message told Americans to cut back on spending; this to people who already had substituted margarine for butter until margarine became too costly. Failed To Help Ford seemingly recognizes the dangers of preaching rather than acting. “It serves nrt purpose to lecture the harassed public,” he said in a recent speech, “especially the low and middle income people By John ( unnlfl NEW YORK (AP)- It s the No. I problem — the economy — so proclaimed by (Jerald Ford himself before he assumed the presidency And he seemed to confirm this by working with economic advisers hours after taking oath If it weren’t for Watergate, ‘the true significance of the nation’s economic confusion would be evident. The problems are unprecedented in their intensity; a 12 percent prime rate and roughly the same rate of increase in consumer prices. Undoubtedly inflation helped undermine the presidency of Richard Nixon, if only because1 people thought he and his administration were so preoc- the worst of inflation was behind, the worst was always ahead On his final full day in office it was announced that wholesale prices for .July rose 3.7 percent, or at an annual rate* in excess of 40 perce it It was the faste»st rate of increase for any month of the year. Significantly, just as prominently as he* called attention to his foreign policy successes, Nixon omitted any reference in his resignation speech to his domestic policy. His legacy in domestic economic policy is disarray. lasing Deposits Savings banks are rapidly losing deposits because they cannot offer customers the high interest rates available' elsewhere. Home mortgages therefore are frequently unavailable More serious even, there is considerable feeling in financial circles that some savings hanks are headed into more serious straits, and that action to restore confidence is required of the Ford administration Public utilities, hard hit by higher energy and borrowing costs, are so severely pinched they must reduce or suspend dividends This in turn lowers their capacity to raise capital to meet demands for their services. The purchasing power of the ordinary factory worker is declining. The jobless rate, although still not exceedingly high at 5.3 percent, is widely Cunniff Gazette classified Rapids best want ad buy A move of some sort against high interest rates and high prices, therefore, has to be among the foremost items on tie1 agenda of President Ford. Mere recognition of the difficulties might in itself produce some relief Over a longer period, however, it seems likely that the entire anti-inflation posture of the nation might have to be reviewed The No I problem now is the economy, not Watergate, and the nation waits to hear how it will be dealt with SIDEWALK SALE! TRUCKLOAD SALE! FRIDAY & SATURDAY, AUG. 16 & 17 Complete Sale Listing In Tomorrow's Gazette Carma Lou’s House Of Music 390/ Center Point Rood N.E. Preaching failed to help Nixon. Despite repeated assurances, almost monthly, that • Take Months to Pay. Use Smulekoff’s Budget Account. • FREE PARKING, Storeside or Park & Shop Berkline La-Z-Boy, BarcaLounger, Kroehler, Collins . Comfort becomes fashionable with Recliners Rocker- Recliners by La-Z-B ay* Traditional Rocker- Recliner in copper, olive or blue velvet Pillow headrest, deep, plump T-cushion, lined skirt and button-tufted back $249 OO value. Smulekoff’s Has It All and ready for immediate delivery When it s time for you to buy a recliner, go ahead and shop around. Compare selection, top name manufacturers, styles and value. We won t tell you you're wasting your time, but we think you’ll probably end up at Smulekoffs. Why? Because no one else in town has the selection (65 on display, over 200 in stock), no one else has as many top name manufacturers or styles. And the value. We could tell you about that too, but go ahead and compare for yourself. When everything is said and done, you too will know that Smulekoffs has it all . . . selection, name brands, style and value. See our “comforting" collection this week. Berkline’s wall///re/// Reclines 3 inches from the wall Spanish tty la Roc ii oar hat handsome velvet cover accented by dark oak finith accents The independent footrest handle is the only evidence that this chair is more than o beautiful lounge choir $244 OO value Modem style Recliner is contem polarity styled nth extra padded pillow headrest and ottoman. Upholstered in naugahyde and on sturdy walnut legs $180 OO value. Open Arm Rocker-Recliner in wipe clean naugahyde with podded open arm, a deep, tufted channel back, podded head and foot rest and your choice of 3 colors $210 OO value Come home to Barcalc lunger. It’s a full recliner It s a gentle rocker Its a lounge chair Hampshire . . . traditional corded velvet rocker-recliner with foam padded arms, extra soft seat and back with lined kick pleat skirt. Choice of colors. $239.00 value. must be IS" from Wail to Recline A I ARLT AMERICAN Triton" . . . contemporary rocker recliner upholstered in long-wearing, stain proof Herculon in your choice of colors Plush soft comfort that invites relaxation $239.00 value. B TRADITIONAL Walk Collins Space-Saver Recliner Save *50! S1 49 “Panda” ... big, roomy wonderful —    rocker-recliner literally cuddles you. 1 Has an extra length j||wWTB    ottoman, great for the extra tall man. jW/yMs® tufted back, deep, nc^ upholstery in your choice of softest _ , naugahyde. A**"-*---^ $219 OO value. lf you haven’t much space, but want a recliner /he entire family can enjoy, you must see this chair fhis space saving recliner can be just 3 ’ ’ from your wall and yet in full recline post hon doesn I touch the wa III Upholstered rn duiable, wipe clean naugahyde Encellent value for your ‘ ' money Save $50 NOW1 ;

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Issue Date: August 14, 1974

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