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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 04, 1976
Page
5
A dense listing of TV programs, movies, and news segments for the evening hours. Multiple channels and stations are named, including WB, NBC, ABC, and local affiliates. Programs feature game shows, dramas, comedies, public affairs, and sports, with times ranging from afternoon to late night.
Federal Reserve Chairman Arthur Burns told the Senate banking committee the targeted money supply growth for the year ending next March would be 4.6 to 7 percent, down from 4.8 to 7.6 percent. He said the aim is to curb inflation while supporting growth, noting recent price declines in fuels and funds but warning the overall trend remains upward and inflation remains a major policy concern. Meanwhile in the Philippines, Moslem rebels ambushed a bus in Mindanao, killing 11 and wounding 14, with reports saying about 20 rebels fled into the mountains after the attack.
Convoys of materials rolled along the Rhodesia South Africa highway guarded by armed police after Easter violence by Mozambican guerrillas. Automobiles lined up behind police trucks toward Victoria and Beitridge border town. the road has been closed after guerrilla attacks killed motorists and looted farms.
In this advisory column a reader asks if paying off a high mortgage with savings is wise given tax on savings interest. The answer suggests mortgage interest is tax-advantaged and recommends evaluating taxable income from savings, considering tax exempt bonds or low dividend growth stocks, and notes investment timing varies with market cycles. Additional Qs cover selling short against the box, dividend tax exemptions, and bond liquidity with guidance to discuss with a broker or seek different brokers.
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