25 Oct 1978
Page 1
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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 25, 1978
Page
1
The Cedar Rapids City Council reopens debate on a proposed ordinance regulating massage parlors amid ongoing views from supporters and opponents. Coverage indicates further discussion and potential amendments on the matter.
The page references a clear contrast between candidates in Cedar Rapids House District 28 this election year. The note appears on Page 4A and highlights differing positions or approaches likely to affect voters in the district.
The Gazette declares a stance on the hotel motel question to appear on the November 7 ballot. Weather page notes clearing and colder tonight with lows in the 30s and a Thursday with highs in the lower 50s. Copyright.
The Israeli Cabinet voted to approve in principle a draft peace treaty with Egypt after three days of debate. Only two of 17 abstained, with Dayan and Weizman to return to Washington for final talks. Egypt seeks changes linking the treaty to the Palestinian issue and military annex details.
President Carter unveils a carrot and stick strategy linking wage and price guidelines to a possible real wage insurance tax rebate. The plan aims to curb inflation to about 6 to 6.5 percent in 1979 while slashing the 1980 deficit and limiting federal hiring. Rebate eligibility hinges on adherence to the 7 percent wage ceiling with exemptions for low earners.
UAW regional director Chuck Weed calls Carter plan a farce while Barnes O'Donnell of Johnson Gas and Appliance says it is a meaningful goal. They discuss wage and fringe increases aimed at curbing inflation as negotiations begin, noting the plan is voluntary with potential penalties for large government contractors.
Erik Bear and Seann McKinney, both second graders at Arthur Elementary, inspect a colorful leaf found near the school. The fall display continues as windy weather prompts parents to check snow gear and prepare for winter.
The dollar weakened across major markets with Tokyo yen ending at 180.20 per dollar, gold rising above $230 an ounce in Europe, and the pound near $2.0246 in London as traders doubt President Carter's anti inflation package will curb prices. Frankfurt, Zurich, and Paris rates also fell.
President Carter proposes a multi facet program including a pay standard capping wage growth at 7 percent for new contracts, a price standard limiting increases to 0.5 points below 1976 77 levels, voluntary enforcement with possible contract based penalties, wage insurance via tax rebates, and spending restraint with hiring caps. The plan targets 400 major industries for compliance review.
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