Tuesday, October 1, 1974

Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Page: 9

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Text Content of Page 9 of Cedar Rapids Gazette on Tuesday, October 1, 1974

Cedar Rapids Gazette (Newspaper) - October 1, 1974, Cedar Rapids, Iowa Culver: Need More Dafa The Odar Rapids Tucs.. Oct. I. 197) Foreign Investments Cited I5.v Dorothy Wlllliiins WASIIINCTON-To point mil how little we klmw the extent iif foreign invest. iiH'nl in this country Hep. .lohn Culver, writing m the filll issue of Foreign Policy. I'iti's Hie case nf Iowa. "The commerce department lisl iif foreign-controlled plants in the United states indicates Ihal there are (inly two ill my nwn stale (if Iowa', whereas an admittedly iinsa- lisfaelory search through state records by the staff of the Iowa development commission identified 28 companies Ihal appeared In have some decree of foreign he said he continued, "is the state of our information nn direct foreign investment in manufacturing, mining, and there is al- most none available on real estate holdings or on the farm production and food process- ing industries." The Cedar Rapids Democrat wrote of the Iowa situation in an effort to holster his conten- tion that we need and need badly information on who owns what and where. Recently the. house passed by a vote of '.I'M to 29 a bill which Culver introduced to provide for just such an in- formation gathering study. The senate has approved sim- ilar legislation introduced by Sen. Inouye Alarm over the threat posed by possible investment of Arab petrodollars in this country on a large scale ac- counted for the widespread backing given the bill both in congress and in the executive branch of the government. The study, expected to cost SI! billion, would be carried out by the secretaries of commerce and of the treas ury. Foreigi, investment is defined as investment Ihal could lead to control of an enterprise and investment in portfolios. Bui Ihis study in itself will not be enough, in Culver's view. Foreign economic policy decision-making must be ele- vated to a higher level in our government. Culver said. We musl thai in- lernational relations, econom- ic issues have attained ascend- ancy over political and securi- ty matters." he wrote. "These two tion, gathering and structural mil by themselves answer the con- cern of the farmer who sees a soybean processing plain taken over by foreign interests and who wants to know what il means for his crops and his prices and his access to trans- portation facilities. "But they will help us de- velop the right anil allow the congress to push the executive lo share and meel such concerns, "Above all." he added, "il is the access of farmers and other affected groups lo their elected representatives in congress that will assure both the continuation of the debate and its elaoration from gener- al principles into particular- ised and responsive inquiry." Culver, who conducted hear- ings into the issue as chair- man of the house foreign eco- nomic policy subcommittee, said he was not arguing for restrictions on foreign invesl- Svoboda Pledges State Income Tax Reform WILI.lAMSIiURCi-I.inda Svoboda, Democratic candi- date for state representative from the 72nd district, said she would work lo make stale income lax systems more progressive. Addressing a meeting of Amana Refrigeration union members here, she her opponent, Ray Logue, Marengo. for voting against debating a tax reform package which she said would have lowered stale income taxes for lowans making less (ban (HIO. Ill Creeling Hie labor group, she slated unions are impor- tant for obtaining a decent liv- for the wage earner. New Officers I'OSTVll.l.F.-Ncw officers for the I'oslvillo Kiwanis club are Kenneth presi- dent, A. llurr Cook, firsl vice- and Ibe Kev. Nor- man Ulleslad, second vice- president. ment in the United KiaioK "The message to policy- makers both In congress and the executive is that domestic interests musi be taken into account when setting foreign economic he wrote. There was a lime, he wrote, when "many such decisions were made on the assumption Ihal international rial- ly affect Iho United SI that foreign eeonoini could be divorced il from domestic consider: but also from inlcrnullon curiiy and political interests as well, "These various elements are part of a seamless web and musl be Irealed as such." lie continued. "Otherwise, similar behavior in the future ciuld harm the interests of various groups within the U.S. and their narrowly conceived reactions would jeopardixe a rational foreign economic pol- icy." Roy Meriwether Trio Performs at Fayette pianist Hoy Meriwelher and his trio will perform in Colgrove- Walker auditorium a at K p.m. Friday. Meriwether blends blues, gospel, and rock with classical elements in a style thai has drawn crowds lo nighchibs and concerl halls across the country. (iencral admission is Upper Iowa students will be admitted with their II) cards Lisbon Youths Attempt to Break Clapping Record IJSBON-Five Lisbon youths attempted lo break the (iiiinness world record for handclapping this weekend, and they may have done it. Donna, 15, Sheryl, II, and Kim. !i, Fisk. children of Mrs. .loyce Fisk, along with Linda, a and Allen, II. Hilsonbcck. children of Mr. and Mrs. .lames Hilsenbeck. clapped from Saturday morning coniinuously until II p.m. Ihal night a total 15 hours and 15 minutes. The five youths walked about the sfju'Uaiunt of 200 blocks around Lisbon, asking for signatures of those watch- ing so thill they can send in the information in hopes of es- tablishing a new (iiimness record. The children's aunt. Mrs Delores Mulnix. organized the event, after they approa :hed her and asked how I hey could go about such a feat. She saw lo il lhat they were with the proper papers required for establish- ing a rcw record. The chiildren received 48 signa- tures from persons authoriz- ing the event look place. Several months ago. a group of Cedar Rapids youths clapped for about IS hours in an attempt to break Ihe pre- vious record of 14 hours. The Lisbon record-breakers want- ed to outdo even that event. DRIVK SAKKLY For the first 12 months of use, any Chrysler Motors Corporation dealer wiBl fix, without charge for parts or labor, any part of our 1975 passenger cars we supply (except tires) which proves defective in normal use, regardless of mileage. And that's just the beginning. We're confident that you'll find every- thing about our new engineering and styling to to say yes to. And for the clincher, we're backing them up with our new Owner Care Program. It starts with a new 12 month, unlimited mileage warranty so strong and simple it's bound to generate questions. So, right here and now, we offer some answers. Q. Unlimited mileage sounds simple enough. Buit what's the catch? A. There's no catch. The warranty covers every part we put in the car. And it's good for as many miles.as you can drive in 12 full months. Q. What about labor? How much will that cost? A. Nothing. If Chrysler Corporation put thai part on your car, it's covered. Parts and labor. And that goes for everything except tires, which are covered separately by their manufacturer. Q. But there are some expensive things that could just "wear out" if you drive enough miles even though they're not "defective." You know; brake linings, mufflers, shock absorbers. Do I have to pay for them? A. No. To a lot of people those might be con- sidered something for you to worry about. But since we want to make your relationship with the car we make as worry-free as possible, we're ready to take on those responsibilities. So, even if they just wear out during the first 12 months of normal use, we'll replace them no matter how many miles you drive. Q. That's a great "extra." Does include everything that just wears out? A. No. We expect you to take care of normal little things like changing filters and wiper blades (unless, of course, they're defective, then they come under the Q. The only way you could top all that is throw in a free loaner. Uh...do you? A. Sure. If you make an appointment for war- ranty repairs in advance, and the job cannot be completed from morning until evening of the same working day, par- ticipating dealers will supply you with a loaner. Free. Q. is there anything else I should know? A. Replacing certain worn out parts, our unlimited mileage warranty and our free loaner program are all just the beginning of a new Owner Care Program, designed to make owning our new cars.so worry-free, they'll be irresistable. See your Chrysler- Plymouth or Dodge dealer. Ask him about his new niKVSi.KK Dodge cars, then ask him about "The going to CHRYSLER CORPORATION