Cedar Rapids Gazette, August 14, 1974, Page 9

Cedar Rapids Gazette

August 14, 1974

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Issue date: Wednesday, August 14, 1974

Pages available: 160

Previous edition: Tuesday, August 13, 1974

Next edition: Thursday, August 15, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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All text in the Cedar Rapids Gazette August 14, 1974, Page 9.

Cedar Rapids Gazette (Newspaper) - August 14, 1974, Cedar Rapids, Iowa The Cedar Rapids Gazette: Wed.. Aug. 14. 1874 By Sylvia I'orter NKW YORK What does Hie transfer u[ presidential, puwer from Kieliard Nixon uf Orald Kord mean to you in terms of your cost of livintv your juii security, ability to finance buying or building a house and key pocket- book issues? BUJ.RT1X NO As any I'. S consumer, your cost of ing will i-uiilinue to .surge up- Second of five columns ward at an intolerably rapid pace for an oppressively long period. There is no feasible way to slash the rale uf rise at once much less to reverse ihe up- trend short of a catastrophic depression. And that scarcely conies under Ihe heading of feasible' But you can have more hope than before that the pace of rise will moderate considera- bly as the Kord administration gets in work. Firm Steps Along with you and the vast majority of Americans, the new President is convinced that runaway inflation is the _ vvuai TT tu., Ford Economic Preview Adds Up fo Good News No. 1 problem of Ihe U. S. and the world He is determined to take firm steps to curl) it. As 1'resident, Kord will have much more cooperation from congress than Nixon ever had. He will have (he advantages of the honeymoon which all new Presidents are granted And he will have near him Hie tough anti-inflation fighters that Nixon assembled toward the end of his tenure notably Secretary of the Treasury William Simon and Chairman of the Council of l-'conomic Advisers Allan lireeiispan in addition to the now dedicated anti-inflalion fighter. Federal Reserve Hoard Chairman Arthur Burns Other Experts Kurd will call on other ex- perls in economics for new- ideas, and they will respond if for no other reason than the fact he has inherited as murderous a combination of economic minuses as any President in modern times and he needs (as we need) all the help he can get. Bl'LLKTlN NO. 2. .As a young man or woman entering the work force with no special skills, you will find it tougher to get a job for awhile at least llian those graduated a few years back. And. even if you hold a job. your security will not lit as great in a period of delibera- tely-engineered sluggishness in the economy Jobless I'irluce Kord will go along with anti- niflation policies that are sun In boost unemployment But there will he programs to offset the impact of unemployment in the private sector by creating jobs in the public sector. And the economy will perk up as inflation moderates and the credit squeew eases. BUU.KTIN NO. ;i. As a borrower of mortgage money to build or buy a house, yon will find credit a hi! easier to get as a result of housing programs sponsored under Nixon and of some easing of credit and declines in interest rales as the pace of inflation slows. It won'l he easy or cheap money; 1 wouldn't even try to guess when those happy condi- BIG GEORGE! Virgil Partch "If that's a meatball, I'm Will the Stilt.' turns will return. Hut it won't be as tough and the inonc cards won't he stacked agains you, as they are now. UULL.KTJN NO. 4 As a porter of desirable federal programs and social welfar programs in general, you will be disappointed and forced to shelve your plans a period. Too I-ate Kord will try as Nixon didn't mini the end. and then it was too late for him to do anything effective to cut the budget so dollar outgo and income actually balance While the cuts Simon sug- gests may be far loo tough to realize, Kord plans to cut spending and, for this popular man of their own, congress may go to lengths it wouldn't for other Presidents lU'l.l.KTIN NO. As a business man you may count on keeping Hie lax incentives already in Ihe law. to en- courage yon to boost your spending on productive new- plants and equipment and perhaps you'll get an even more liberal investment lax credit and depreciation breaks. Kord fully appreciates that boosting productivity is a fun- damental answer tu inflation. He is on record as favoring at least the current 7 percent in- vestiut-iU tax and Tapid depreciation. IH U.KTl.N XO fi As an investor looking forward to easier taxing of capital gams, you loo may have to wait for awhile Kord is not in favor of what he calls tinkering with our tax. system up or down at this delicate slage in our economy. Without presidential lead- ership, congress is unlikely to grab this issue. Tax reform in general is up in the air. Ur.Ll.KTlX NO 1. As an ex- porter or importer, you may be encouraged. Tins administra- This includes searching for understandings with the Arab powers on oil prices and cons- tructive use of their almost obscenely swollen dollar hoards a search begun liy Simon under Nixon These are merely economic "bulletins." They do, though. give you a preview of your new While House, and this along with the blessed end of uncer- tainly and dn-noihingness spells good news. lion will be more eag Nixon's ever was to s derstandings on mi reform and inure in !a positive policy of eci financial cooperation with our Western K.uropean allies and Japan. T than 'ck un- netary a nomic- Kiank ONLY 3 DAYS LEFT! Wig Trade-in Sale 10.00 FOR YOUR OLD WIG ON A NEW WIG PURCHASE Your old wig is worth 1 0.00 to Killian's and will be accepted as a trade-in on any wig from our regular stock priced 25.00, 30.00, 35.00. Save now! Offer Good on Any Regular Priced Wig Downtown Second Floor Two Bandits Forget Loot .lllliUf.l go! to lake Ihe Inn! Horace Mi-l.amb told polii-c tin- anni-i! mi-ii i-nU-n-d the motel and domandi-d the 'in the cash drawi id liirv ji c1. Watch rugged, tough, durable A. LEVIV CORDUROY SLACKS Comfortable corduroy for campus and casual wear. Durawale plus for improved shrinkage control with washing. In brown, navy, light blue and wheat. 31-38. 13.30 B. LEVI'S" DENIM BELL BOTTOMS The all-American favorite when it comes to blue jeans! 100% cotton jeans with belt loop styling. In true denim blue only. Rugged for long wear. 31-38. 13.50 C. lEVI'S" DENIM PATCH POCKET JEANS A new version of an old standard in jean styling. 1 00% cotton that's fully washable for easy care. Durable jeans in denim blue only 31-38 14.50 Cudor Rapid.. Downtown Street Floor and Llndalo Plaio, Iowa Cltyi Mall Shopping Center at Six on Sycamore Killians 3onu His and Hers great casual look His and Hers Crepe Sole Casuals what is a KILLIAN BONUS? A SERIES OF TIONAL VALUES PLANNED IN COOPERATION WITH ONLY THl IEST OF MANUFACTURERS. EACH BONUS ITEM MEETS OUR RIGID STANDARDS OF QUALITY AND WILL BE SOLD AT LOW BONUS PRICIS ONLY WHILE SPECIAL QUANTITIES LAST. 12.90 HERS, REGULARLY 17.00 HIS, REGULARLY 19.00 A great go-together for both him and her! The softest beige suede with a plantation crepe sole to cuddle your feet in comfort! The perfect shoe for leisure or outdoor activities. Moc-toe styling. Women's thru 10 and men's 7 to 1 2. Cedar Rapldj: Downtown Third Floor and Llndale Plata towa Cityi Mall Shopping Center on Six at Sycamore ;