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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 03, 1983
Page
10
The Associated Press market basket survey shows grocery prices up about 3 percent in 1982 with December bills down slightly. In 1983 the 12 month comparison shows mixed changes across 13 cities, with an overall 2.9 percent higher level than a year earlier.
The Agriculture Department forecasts 1983 price increases of 3 to 6 percent with continued low farming returns. Deputy undersecretary J Dawson Ahalt notes pressure on crop prices and modest livestock gains while meat production reaches 9.4 billion pounds in Q4 1982. The AP checklist lists items such as chopped chuck and pork chops among others.
After sworn in, the 98th Congress may clash over Democratic rules changes aimed at boosting House leaders power. Republicans warn the package would curb minority rights, with moves to restrict non-germane amendments and floor bypasses.
An overview of Individual Retirement Accounts noting federal tax deferral until withdrawals, eligibility including under 70 and earned income, and annual limits up to 2000 or 100 percent of income. It covers extension effects, penalties for early withdrawal, required minimums, and investment options from banks to brokerages.
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