Cedar Rapids Gazette, September 25, 1974, Page 3

Cedar Rapids Gazette

September 25, 1974

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Issue date: Wednesday, September 25, 1974

Pages available: 154

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Publication name: Cedar Rapids Gazette

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Cedar Rapids Gazette (Newspaper) - September 25, 1974, Cedar Rapids, Iowa 2A Odar Rapids (iazetlr: Wed., Sept. 25, 1971 No Shortage of Advice on By John CunnW NEW YORK (AP) There is no dearth of material from which President Ford can pick and choose in formulating an anti-inflation policy. There never was, and that is precisely his problem. He must exercise the wisdom of Solomon. On the matter of taxing, for example, Richard Cooper of Yale university claims a tax reduction of billion to billion for low-moderate in- comes would be anti-infla- tionary. But J. Kenneth Galbraith of Harvard urges a tax increase. The proposals advocated over the last three weeks of pre-summitry are replete with contradictions and special pleading of business, finance, labor, government, housing, the poor, investors, borrowers, i lenders But there arc' areas of agreement as well, especially in regard to lower- ing interest rates, keeping a check on government spend- ing, and attempting to keep joblessness from rising swiftly during the adjustment to more stability. Among the suggestions that must be considered by Paul McCracken, who has the unen- viable job of formulating an economic program, are these separated into monetary (money supply, cost) and fiscal (government spending, taxing) categories: Monetary Ease federal reserve policy on money supply. Widely ad- vocated by economists and others of all persuasions. While John Cunniff administration spokesmen op- posed mildly, Arthur Burns, fed chairman, indicates the casing already may have begun. Allocate credit to most productive uses. Money now is allocated by price alone. Has been suggested that criteria of efficiency and social good, such as to boost housing, also be used. Negotiation of an interna- tional agreement to regulate Eurodollars. These are obliga- tions payable abroad in U.S. currency. Critics contend that while domestic dollar supply is limited by fed, dollars abroad are unregulated. Fiscal Balance Ihe budget. That is, don't permit government spending lo exceed revenues. Widespread support. Govern- ment budget deficits over a long period of time are highly inflationary. "There is only one cure and we all know it." said Miltotl Friedman of the University of Chicago, generally regarded as a conservative. "We have to slow down total spending. Only the federal can do that. Usc taxing power for special effects. Nathaniel Goldfinger, AKL-CIO economist, proposes an excess profits lax. Invest; menl community wants to en- courage capital formation by lowering income lax on inleresl and dividends. Some economists suggest higher taxes on income lo cur- tail demand. But others sug- gest a tax cut for lower income workers to make them more satisfied with smaller wage increases. Many of the suggestions from economists and others go beyond the usual fiscal-mone- 'tary measures. Among the' suggestions for a multidimen- sional attack on inflation are these: Controls or restraints. Business especially complains about negotiated inflation through wage settlements, but unions declare something of the same sort occurs with prices. Less support than in past, but still prominently mentioned. Indexing. Advocated by the Friedman school. "Escalator clauses on all sorts of things." says Friedman, plus cost-of- living adjustment on taxes. Already used in labor con- tracts, which specify raises equal to inflation rate. Examination of existing regulations and subsidies. Hendrik Houthakker, Harvard economist and former adviser to President Nixon, claims he has a list of -15 federal programs that inflate prices and which should be ended. Business complains that en vironmental and safety regula lions raise prices without con tribuling to produclion. Tram Twin Famous Sealy support from specially tern- pored coils and ex- clusive torsion bar foundation. Plus deep quilted cover. A lot of marteress for the moneyl Also available in full or quefln size of slightly Higher prices. SEALY POSTUREPiDIG "No morning backache from sleeping on a too-soft mattress." Fir a great night's sleep and a good morning try this Unique Back Support System. De- signed in cooperation with leading orthopedic surgeons for comfortably firm support. Always your very best value! THE UNIQUE BACK SUPPORT Open Thursday Til P.M. Phone 366-3436 Payment 215 First Avenue, S.E. FURNITURE Makes Himself at Built Atop porters claim inane of oti things must French N Y (AP) park officials us a nationwide The premier season ha i i ri i served as an audience marku 1' rom tile rubble of a local first. shipped adds to costs (Ul'I) has risen New York ,.Wc-vc askfd ,BC111 to come wanted newest cultural center and usc ,hc park lls a Thomas Moore of discard U'Eslaing lory lor their Ideas, "said Oak rtnlellt llnalyst State university insists him collect a resurrection has not McConalhy, the park's exeeu- erasing Interstate the army, so lie cheap. The Artpark Commission regulations into the 2 The invitation has drawn Lyons says the besl 'reduce trucking charges by drank milk and in'sfi n fmrfJ ro about 30 sculptors, poets, offering lo date has been percent or more. Limitation a presidential in stale funds before i v rnimrn'c dund dancers or nlers and archl- virtuoso Van tllDurn s competition among airlines and took a nap In a opening night curtain was are oa d no to a Ing-room-only so keeps prices high, lie says. Anti-trust action. Various proposals have been suggested even before pro-summit conferences. The belief is that concentrations of power in big industries, unions, institutions tends to reduce competition. Encouraging smaller businesses. The more competition (lie lower the prices in theory A valet discovered the uninvited guest. I'm glad to see someone L'Heureux, 23, told the servant, "I've been looking for the president since last night. I have a very important request to make of him. Can you take me to The servant fled, shouting, "A squatter! I tell you But since the July 25 debut, officials of the slate's department of parks and recreation have recorded box-office receipts of a figure expected to climb before Ihe season ends Sept. 13. "The season has been extraordinarily said Charles Cinnamon, to ply their crafts before Rock concerts have done park patrons. poorly. Jack Maranville, a parks department spokesman, said The season has included i original cost estimates for just potpourri of the theater came to about ranging from the ear-splittmp million. The complex, includ- rock of Blue Oyster Cult ing two 560-car parking lots, an through the mellower tones o amphitheater and boardwalk, Lightfoot and on to tin s expected to have a final bill of slippers from New of about million. rWs Joffrcy Ballet- He returned s publicity director. "It's been beautifully Assessor Sefs Rapid men and the intruder was gone. He was soon found in a bathroom, shining his shoes. L'Heureux said he the audience. There's a climate, there's something in the air. The minute you come here you respond to il. Ellis Park Church of God "L" Ave. and 8th St. N.W. the palace, got lost, COCOA BEACH, Fla. (AP) When James Higdon purchased an aluminum utility shed for he thought he was getting a good buy. The Brevard county tax assessor apparently agreed, valuing and drank a pint of milk and a bottle of wine he found in a refrigerator. Police released L'Heureux after questioning and a medical examination. Giscard p'Estaing had been away theater, a massive structure of brick, glass and steel, resembles a topless pyramid. -It sits overlooking tie precipitous Niagara river ;orge, slightly down river from he world-famous Exciting Gospel Singing Group Tfee Tom Trio THURSDAY FRIDAY Sept. 26 28th al p.m. arid shed for tax purposes at, facility seats but jiant steel shutters can SEPT. 29 at and The only addition THIS DATE in 1775, behind the building Evangelist Dick Reinholtz, said he made on the Revolutionary another seatec on and recent Director of Houston Youth for Christ behind his home was a floor, built out of scrap Ethan Allen, was captured by the British and incline, to view produc-ions from Nursery Welcome Available DRIVE as he led an attack on is also an artists-in-esidence program claimed Free spirit. Just about everyone has it. Maybe not always a card-carrying, banner-waving sort of spirit. But the need, nevertheless, to express yourself in your own way. For a moment in lime, at least, to be alone against Ihe world. The choice of an automobile is just such a moment. It involves some very personal and individual decisions. And it represents an opportunity tor you to be a free spirit. It is to that spirit that we dedicate our 1975 Buicks. SKYHAVVK. Hie smallest Buick sportiest even obviously. To tell Ihe truth, we at Buick jusl can'l help chort- ling about Ihe Skyhawk. Not just because it's something of a departure for us. Bui because it's so good al being what it's supposed lo be. A small and agile litlle car, rakishlygood looking, thai can be practical and make your heart beat faster both at Ihe same time. Naturally, Skyhawk otters standard features dedicated to quick, responsive movement. Buick's new V-6. Front and rear stabilizer bars. Power front disc brakes. GM-Specilicalion steel- belted radial-ply tires. A 4-speed manual transmission. All Ihe right gauges are Ihere, loo. Including a standard tachometer Bui lei's nol gel into any lengthy lists. Instead lei's focus on Ihe totality. s A Buick with a 97- inch wheelbase Ihal's reasonably priced, economical lo operate, fun-to drive, and so neat- looking it can lurn Ihe heads of al least Iwo generations. Maybe Ihree THE NEW BUICK V6. A six that we think even you V8 fans will like. sporty cloth-and-vinyl upholstery, a rallye steering wheel, a great new 3.8 liter (231-cubic-inch) V-6 engine, center console, map pockets, and Ihe like. Listen, it's no accident lhal Ihe Skylark bears a slarlling resemblance lo a European louring car. We wanted lo show whal could happen lu dii ebsui ilidiiy pi ddiudi car il essentially nifty things were done lo il Bui even wilh Ihe nilty things we've done lo it, Skylark isn't any less frugal with a gallon ol gas And it's still reasonable in lerms of price. It's just that il also happens to be fun lo drive... most en- loyablo lo sit in.. and more interestingly appointed lhan a practical, economical car is supposed lo be. CENTWff REGAL. One of Americas most impressive mid sired cars. Inside. Outside. Or under the hood. You've already had the word on Buick's V-6 How peppery it is How efficient. ELECTRA PARK AVENUE. Anytime you can buy a Buick this spectacular you necdift wander on looking for something bettec The Eleclra Park Avenue is Ihe most elegantly appointed Buick ever built. You get a hint from Ihe special "halo" vinyl lop lhal somelhing special is going on here. Bui we'd have to say lhal Ine real story is on Ihe inside (as it really should be in any luxury car worthy of the In you have individual easy- chair sealing for both driver and Iron! passenger. And an me sealing is covered with velour, loosely draped like on fine furniture, and very soft Overhead, more velour tires. Or forward-mounled steering linkage. And so on. Interior. Thick, heavy cushioning richly covered. An instrumenl panel Ihal's both eleganl and convenient. Thick carpeting. Quality appointments abound. Some family car. It's lima lhal we shook up your Ihinking a tad. Because, if you're like a lol of people, you Ihink of a six as some- a. thing just lo save money wilh. Which is simply no longer irue because ol Buick's new V-6. Something altogether differenl from a straight-six The "vee" design incorporates a shorter crankshaft. The piston stroke is shorter. The engine weighs less than Buick's siraighl-six. And Ihe horse- power is greater. All in all, Buick's V-6 shares many of Ihe design concepts of a Buick V-8. but wilh generally greater fuel economy One thing's for sure. This engine is going to change Ihe way a lot ol people feel about six-cylinder engines SKYLARK Skylark is hack, wilh power, a European touring car-like interior, and a sporty new look. It Joins other Apollo models as sort of the Executives Economy Car. What teller way to bring back the Skylark name lhan wilh buckel seals (the passenger's GM-Specili cation steel-belled radial-ply lires, It certainly won'l hold Regal back. (Of course, our 5 7 liter V-8 is available on Century if you insist on Ihose two extra cylinders.) Slandard equipment includes more lhan things like deep lull-foam seals, carefully refined styling, GM-Speci- lication steel-belted radial-ply lires. power steering, Full-Flo ventilation, a notchback front seal, and so on. Also standard is a nil picky kind of altitude toward sound deadening. Riding smoothness. And toward Ihe quantity and quality of Century's appoinlmenls thai lussmess about things seen and unseen in the Century Regal is whal distinguishes il ns a Buick. And whal makes il wo Raid il hnlnrr; hi it il bears repealing one ol America's mosl impressive (lleclra Park Avenue -1-dnoi iusl as soil and just as rich looking Even the exlra-large console is covered wilh velour The carpeting is ol the shag variety. Nol so unusual in a fine home, but special indeed in an automobile. Then Ihere are Ihe little touches. Like Ihe.impeccably designed instrument panel The power windows. The super- accurate quartz-crystal digital clock Big touches Little touches They all make Ihe Electra Park Avenue a most remarkable automobile. LeSABRE. It liberates the American family car from a position of Me Ordinary That's the nice Ihing about dealing with huick. You don't lincl a lol ol corner-cutting creeping into the scene So when you finally decide lhal II 10 family car is going lo foe a LoSabro, the rewards are visible and immediate. Slyling. There's most decidedly nolhing down-home about il LeSabro is a richly designed, boaulilully turned out automobile. Well, look al it. Performance. The S liter V-8 has I ligh Energy Ignition and several other refinements lhal help increase operating performance (More on Hi, it (i lilllo later i T ho suspension i', Iho knvl I'M! given Buick it-; rupul.'ilionlor Mnonlhnoss l ply RIVIERA. Ift hard to believe that anything this well-built and richly- appointed can be so much fun to drive. To really understand Riviera, you've gol to lake your eyes off the square headlamps, ignore all the luxury lor a moment, and fix your attention dead- center on the following: A standard 7.5 liter V-8 engine with High- Energy Ignilion and olher performance- promoting refine merits GM-Specifica- lion steel-belted radial-ply tires. Fronl stabilizer bar. Four coil springs Highly readable and informative instrumentation. Then you have to drive Riviera. Only then are you allowed lo savor Ihe classic styling. The standard power windows. The standard notch- back sealing. The Standard lilt steering wheel. And all Ihe olher creature comforts Riviera indulges you The point is that you appreciate Riviera for Ihe very special kind ol car it is. Luxurious. Even a little snobbish. But more lhan prepared to hold its own in motion. MAXIMUM MILEAGE SYSTEM, We've provided every 1975 Buick wilh certain standard equipment that lids collectively come to be called the Buick Maximum Mileage System, because it rep- resents Ihe most iclvancod engineering and technology Buick can offer for 1975 II includes three basic elements One. n catalytic converter Two, High-Energy Ignition. Three, slool bolted radul ply lires. Now we could wax technical hero and end up taring you, bewildering you, or bolh. So we choose not lo. Suffice il In say lhal the System does much lo maku ovoiy Duick operate more cllicionlly. Spark plugs lire more dependably and last longer Ih.iiiinlho Tho engine luned lor ,iiu ('i.ononiy Anil Ih.o tires ollni lower rolling rcMsl.-inrp The koy lo the I'iuick s Maximum Mileage System le.illyqiiite umpln It ir kr, '4 ;