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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Austin Daily Herald
Location
Austin, Minnesota, United States of America
Date
Aug 13, 1973
Page
4
A GAO report shows states have spent 551 million of 958 million in revenue sharing on education, with about three quarters headed to local schools. Local governments receive funds though they cannot use them for day to day school costs.
A Finance Facts summary based on Census Bureau data notes that in 1972 a full time year around woman earned about 57 percent of a man's pay. Women with four or more years of college earned roughly 60 percent of similarly educated men, with regional variations and an overall widening gap since the 1950s.
The Federal Trade Commission announced a new self regulation driven code for children's television advertising. The move follows support from FTC chair Lewis Engman and pressure from Action for Children's Television to curb ads targeting youngsters and limit promotion of sugary foods and toys. Experts convene to draft rules while enforcement may shift to FTC or Congress if self regulation fails.
Victor Riesel details Senator Daniel Inouye's associations with ultra left forces in Hawaii, led by figures such as Jack Hall, a longtime Communist and regional director who controlled island shipping and tourism. The piece notes Hall's influence, 1949 strike impact, and Inouye's repeated electoral gains aided by these unions as Nixon criticism rises.
The piece contrasts Senator Inouye's ties to labor leaders with Jack W. Hall's activism in Hawaii. It notes Inouye's alignment with AFL-CIO COPE and his voting record, while underscoring Hall's controversial reputation and calls for scrutiny of political loyalties amid Watergate-era tensions. The narrative recalls 1962 and 1967 congressional remarks and Hall's 1971 death.
In a rambling column a veteran writer recalls using newspapers in everyday life from packing to insulation. He riffs on ads, scented ink experiments, go go grammar lessons, and a charity golf tour at Ramsey on Aug 26, promoting Tommy’s Heart Fund.
The article explains that life insurance gains are taxed as ordinary income, not as capital gains, when policies are cashed or converted to retirement income. It uses Harry Jones as an example to show how cost basis, dividends, and policy cash values determine taxable gain, with taxes varying by payout method and policy type. It stresses planning with a qualified adviser to optimize tax outcomes in both buying and later retirement stages.
July traffic deaths total nine in Minnesota per the Department of Highways with two pedestrians among them. Fifty women attend Austin Country Club guest day as qualifying rounds proceed. Carl Kehrer Jr. spotlighted for Slate Fair competition with Guernsey cattle ahead of Country Gentlemen feature. Three Austin area girls to receive diplomas Aug 25 from Rochester’s Methodist Kahler School of Nursing: Jean Kunz, Louise Fretthem, Constance Anderson. Lyle Stephenson of Rose Creek wins Ayrshire judging at Mower County Fair.
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