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Cedar Rapids Gazette Newspaper Archive: September 10, 1974 - Page 7

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - September 10, 1974, Cedar Rapids, Iowa                                ?f I" Rebels Ax Pacf To Allow Export of Rubber The Cedar Rapids Gazette: Tnes., Sept. 10, 1974 PIINOM PENH (UPI) Cambodia's Khmer Rouge rebels have can- celed an "arrangement" by which they laeilly allowed French-produced rubber to pass through their areas or control to the capital, Phnoin Penh, for.shipment abroad. The rebels up to two weeks ago were content to levy a tax on the rubber shipments but let their enemies from the government of President Lon Nol market the product. Now they are shipping the rubber out through North Vietnam, keeping all the profits in Communist hands. The action dealt a heavy financial blow to the already hard-pressed Lon Nol govern- ment. The "arrangement" be- tween the government, the rebels and the French planta- tion owners was an ironic situ- ation in which the two oppos- ing sides in the Cambodian war conspired to export the nation's rubber, which fetched million to million a year. World Markets From now on, (ho insurgent leaders said, all raw rubber would be taken by truck to North Vietnam, then shipped to world markets. Their decision was made HEATHCLIFF known In a meeting at the Chupp rubber plantation with Jean Itemy, contact man between the Khmer Rouge and the Cambodian government. Henry is general manager of the Cambodian Rubber Co. and president of the Cambodi- an Growers' Assn. Cancelallon of the "arrange- ment" was confirmed by sources close to Prime Minis- ter Long Boret's office, and by a note passed innocently between two Frenchmen at La Taverne, a French-owned sidewalk cafe in I'hnnm Penh. The note said: "Nicolas, this is the man who makes the money drops. French pilot leaving for France because flying into the rubber plantations is closing down. The Khmer rouge shift- ing, will ship out through North Vietnam. Our business is finished." Economic Necessity The man who marie the drops of lax money to the Khmer Rouge is Antoine Ni- colas, a Corsican and chief pilot for the Chupp plantation, one of Cambodia's largest. The as Cambodians term it, evolved last year as a matter of eco- nomic necessity for the three parlies concerned. The French, who own the huge rubber plantations, agreed to it as a matter of expediency. The pro-Western govern- ment of Lon Nol needed the money, and rubber is the only commodity this small nation of seven million has to export. The Khmer Rouge needed money loo, to finance their war to bring down the govern- ment. The Investor's Sam Nhulsky When my husband died (he had been a lawyer and a business man who did all the financial work for our family) 1 didn't know even how to bal- ance a checking account. Al the advice of my lawyer I handed my money over to a bank to manage. I discovered that I had to pay for these services. So I went to my bro- ker who sold out my stock and pul proceeds into a municipal bond trust (I was in the 40 percent income tax Did I do right? As a result I am now in the 25 percent bracket. A Certainly anyone In the 41) percent income tax bracket is in a position to consider tax- exempt securities. Whether you should be left with no common shares at all, however, is a question I can't answer because 1 have no clue as to your age and there- fore your need for inflation protection. Income from tax-exempt bonds as is the case with income from all bonds is fixed and, therefore, no help in offsetting inflation. If yon arc B5, 70 or older, I'd not worry loo much about depend- ing on fixed income, if you are 55, it's a different matter. I am 72, married, all children educated and on their own. I have as much money as I will need when I retire. I have worth of whole life insurance taken out to 35 years ago. Dividends al- most equal my policy pay- ments. Should I cash these in? A The questions to be handled first arc: e's Lobby Seeks Right To So Laws by Petitions LOS ANGELES (AP) Buoyed by its successful drive for a strict California campaign reform law, the People's Lobby is now talking about amending Ihc U. S. Constitution so citizens can propose laws through petitions. .Joyce Koupal, director of the Los Angeles-based activist organization formed in says an office is being opened in Washington, D. In contact congressmen and to coordinate efforts in other stales. "Whal this means is Ihat we want to pul the initiative (petition) process and the vole of confidence process into the she said. "We want to make potential presidential candidates understand it could be an exciting solution they could offer. "We can successfully pul Ibis into the presidential cam- said Mrs. Koupal, whose husband is the group's executive director. "We will put a President into the White House on this issue." Long Used The initiative petition long has been used as a tool for Ihc citizens'to propose legislation or amendments to the slate constitution. To make the ballot, a proposed constitutional amendment requires the signatures of 8 percent of Ihc number of voters lasting ballots in the last election for governor or alfl.SOii unlii after this November. An initiative drive to put a new law into the statutes lakes 5 percent of the last gubernatorial vote, The legislature also can put proposed constitutional amendments to the voters by a two-thirds vote of each house. The controversial campaign reform measure was Proposition on (he .June 4 ballot in California and passed by more than 2 to 1. It imposes campaign spending limits, re- stricts lobbying activities and sets up a commission to oversee campaign practices. "Never Debate" "Keep controversy at a minimum never debate" and "Your organization docs not have to be visible to be effective" arc two pieces of the advice the People's Lobby gives other groups in a recently published booklet. "Debate only gives a platform to your opposition and causes confusion in the minds of people who arc Mrs. Koupal said. "If people arc confused, they tend to vole no. Of course, with a candidate, it's different." Asked if people should be kepi ignorant of the issues so Ihcy will vote blindly for an initiative, Mrs. Koupal said: "Thai's Ihc way the professionals do it and we studied the professionals. That's the way we win right now. As initiatives are used more and more and the educational process gets going so (hat people aren't fooled by a slick public relations firm, thai won't hold water. That's what we're wailing for. "We're winning because we're not stupid." Opinion Leaders She also said work with persons who influence community opinion is more important than sending out press releases. "I'm saying that a lot of times you arc not out in front of the press, you're working with opinion leaders." she said. Mrs. Koupal denied that Watergate was a major reason for the voters' approval of the California initiative. "They were signing petitions because of corruption in California, because of dissatisfaction with government here." she said. "Watergate was never an emotional issue with people. What Watergate did was cause a lot of people to drop out." Common Cause Common Cause and Ralph Nader's California Citizens Ac- tion Group joined People's Lobby as proponents of Proposition and there were reports of considerable friction among the three groups. People's Lobby says il originated the reform initiative idea. The actual writing of the act was done by members of the staff of Secretary of State Edmund Brown, jr., in consultation with all three groups. Brown was named the Democratic candidate for governor in the June 4 balloting. "Common Cause deserves credit they brought in en- said Mrs. Koupal. But she downplayed that group's fund-raising efforts it raised by far the largest amount for the campaign saying she thought most of that money went for administrative ex- penses. Slopped Debate People's Lobby albii tried to stop some activities by the other proponents. "It was question of how much damage they can do. It's nice to have a lot of people running around on (he local level but we Iried to stop some of the more visible tilings. We did stop one statewide debate." More than persons across the country belong to Ihc People's Lobby, Mrs. Koupal said. "People who give us money arc all considered members of People's Lobby. People who give 15 cents or or arc considered she said. "Dues arc if they want to join formally." People's Lobby does not keep records in such a way to calculate the number of dues-paying members, she said. Printing Pays Bills Most of the a monlh overhead for running the or- ganization comes from the profits from a printing firm run by People's Lobby, supplemented by contributions, she said. The group is run by a 50-membcr board of directors which meets about every two months. But (he board members do more than just make decisions. "The ones who make the decision carry it she said. "Each hoard member has the responsibility to gel sig- natures personally for an initiative (hat's (he minimum." Prior to the reform drive. People's Lobby backed a clean environment initiative and an effort to oust California Gov. Ronald Reagan. Both failed. Besides their national plans, Mrs. Koupal said the group is working on California initiatives for future elections and help- ing organize local initiative efforts. Optometrist Eyes Examined Glasses Fitted o Contact Lenses By appnlntmont only 395-6256 (loscd Sun. and Mon. Lindalc Plaza How! Have your furnace cleaned and checked before cold weather! Your headquarters for GARY NOVAK All Makes Models Furnaces and Call 364-4626 Air After Bushiest Hours: Calf 365-5690 Heating Air Conditioning 56 16th Avenue S.W, "Serving Rapids for 39 Years" 1) What would be the cash surrender value? 2) How much protection for your wife would remain in force if you declared II paid-up Insurance? .'I) llow much do you need the income the cash surrender value, invested in bonds, would produce? 4) Would the paid-up insurance protection be sufficient in light of other resources protecting your wife? 5) Would the main- tenance of the protec- tion provided by continuing premium payments be of im- portance in your total picture? In instances where retire- ment budgets are tight, I be- lieve declaring the policy "paid or even cashing in if cash value is high and reinvesting the proceeds in high yield bonds can ease the strain of retirement financing. But since you say you will be comfortably retired, you have all these options open to you. Q For most of the 1960s 1 was "in the won a few and lost a few and did not manage to do better than stay even. Then I turned to utilities and took losses. What do I do now at 54, a consultant on transport who wants to build capital for the future? I've proved that I can't trade. With big utilities yielding 14 per- cent and more, it seems there is little faith in them. I want the dividends and if they continue to pay I don't care what happens to the price. What about municipals? A Failure In make money trailing stocks does not make you unique. What 1 can't un- derstand is buying utilities for growth since they are, in the main, hardly growth stocks. Secondly, 1 don't see why a successful business man or professional wants more high, taxable dividends. Top-quality municipals are a good "hiding" place for money you don't want earning a taxable income, or funds you don't want to entrust to equi- ties. But at 54, it seems to me, you must put your money out on a limb In the hope it will grow and give you only long- term capital gains, not annual current income. I'm curious as to why a transportation consultant makes no mention of long- term investment in transpor- tation issues. Airlines, it's true, have had a roller-coaster record but many freight lines, Western railroads, and forwarders have shown ex- cellent investment records. With, say. 111 years to go to Sam Shulsky retirement you should aim at 1) keeping current taxable in- come down and 2) potential long-term gain up. Finally, yields of 14 percent and more indicate doubt as to their continuance. I have .a report that the Kledronics Co. will begin showing a profit in two or (hrcc vcars. What do von think of il? A I've never heard of the company and I don't put too much faith in such forecasts. fiUAKANTEKI) COM- MAND: A bond which has interest, principal or both guaranteed by a company other than the issuer. These bonds are often found in the railroad industry where large roads lease sections of track- age owned by small roads and guarantee the bonds of the smaller road. REGISTERED REPRESEN- TATIVE: A broker formerly called a "customer man" who is a full-time employe of a brokerage firm and has met the requirements of the exchange. Also known as "ac- count executive." For Better Health By Dr. S.L. Andrlman The simple biology the animal alivcness of the human body is never so clear MS when we lost any part of the mere V-k gallons of red fluid thai sustains life. Never, that is. except when we niusl replace Icisl or diseased blood by transfusing blood into the circulatory sys- tem. Blood, substitutes for blood, or liquids called physiologic fluids, such as sterile salt water, may all be transfused into the body. Transfusions are given in four cases: after great loss of blood in an accident or during surgery: to treat the systemic shock and fluid loss caused by severe burns; in replacing the blood of an Rh-positive new- born infant, and to (real severe; anemias. History Today's efficient trans- fusions have a long history, but not a continuous one. (invvrn- ment prohibitions at various times prevented steady progess. In fact, the current controversy about organ transplants gives you an idea of the problems transfusions caused in Hie past. Many methods nf tninsfiisinii are used today and the basic requirement of all is the same: The blood cells and plasma must mil be damaged in any way and there must be no coagulation of the transfused blond. Recipients today may be transfused directly from another person or indirectly from a bottle; into an artery or Dr. Andelman into a vein: into a body cavity "r under the to replace lust blood or damaged blood; to fight anemia or give immunity; by one donor, several donors, or himself, and with whole blood, parts of blood, synthetic substitute's or salt water. Extreme Care Transfusion requires ex- treme care, (living the wrong type of blood can kill the recipient. Antibody protein substances in the plasma of the recipient can cause a strong immune reaction to red cell proteins in the donor's blood. This reaction causes red cells to clump together: the cells rather quickly disintegrate and spill out their hemoglobin which can clog the kidneys; slop their action and cause dealh within hvo weeks. and loebnk'iaH.s r'siffion by giving a variety of tests In the prospective recipient. If facilities for careful typing and matching of blood aren'l available, so-called substitutes for blood can be used. These aren't really blood sub- stitutes but they can do some of the same jobs or hold the pa- tient in check until adequate testing can be done. WIN AT BRIDGE Oswald .lames Jacoby There is one principle of ex- pert bidding that all bridge players should learn. That principle is that an unneces- sary bid on the way to game always suggests a slam. Thus South's four-club bid suggests slam possibilities. It risks nothing since it does not go past four spades. North's NORTH KQ76 V 9 7 5 3 A ,1 6 2 WEST b 3 ?A42 J 9 8 5 2 EAST 485 VlOBB Kill 8 4 K Q 7 3 SOUTH 
                            

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