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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 04, 1977
Page
26
In this economics column a Bull and Quandary debate a still hopeful buy stance despite the Index of Leading Indicators falling for July for the third straight month. They cite improving profits and dividends as signs, while noting Sept 22 as the rally target.
A Dallas style debate pits Bear and Bull views on inflation and stocks. They discuss whether bonds protect against inflation, the impact of five percent growth with five percent inflation, and the risk of a bear market versus President Carter's economic policies. The dialogue ends with Quandary admitting only personal uncertainty.
An article notes patents granted to scientists including George F. Fanta and William M. Doane for absorbent slurper materials made from corn and flour grafted with acrylonitrile, soaking up 1800 to 3000 times their weight in water. It also covers Dr. Peter C. Goldmark’s patent for a video instruction system with 120 half hour lessons and multicourse delivery via TV, plus other patents from NIH, NTIS, and ERDA on medical and structural innovations.
Temporary employment expands to about 3.5 million people, three percent of the U.S. labor force, who work part time as their full time occupation. Manpower, Inc notes 67 percent are women seeking to support families, pursue education, or fill spare time.
Caracas Venezuela Venezuela claims the best highway system in South America with over 30000 miles of roads and freeways spanning its 352250 square mile territory. The oil rich republic also has 1.4 million motor vehicles for 12 million people and offers gasoline at 12 cents a gallon, the world's cheapest outside Saudi Arabia.
The Board of Trade weekly review shows soybeans gaining as heavy Midwest rainfall delays harvest and boosts exports. Corn and wheat advance modestly while oats lead stronger gains. soybean meal and futures reactions reflect rising demand and larger crush.
President Carter proposed a 20 percent reduction in the 1978 wheat crop and a grain stockpile of 30 to 35 million tons. Farmers broadly support the idea but fear the program may be limited. Prices for raw farm products fell three percent from July 15 to August 15, while unemployment rose to 7.1 percent in August with 6.93 million jobless Americans. Black workers faced a 14.5 percent unemployment rate in August.
Collins Radio will perform 20 percent of a million‑dollar Air Force development contract through Rockwell International, for development design and delivery of message processing test sets. The Cedar Rapids plant handles testing of the sub system while 80 percent occurs at Rockwell in Newport Beach California. Work has begun on miscellaneous pieces with no personnel changes.
Thirty years ago the United States began a program to share tracer atoms produced in atomic ovens with foreign countries. The initiative aimed to foster scientific collaboration and monitoring capabilities across borders through controlled exchange of materials and data.
On this date in 1609, explorer Henry Hudson identified and mapped the landmass that would later be known as Manhattan, marking a pivotal moment in early American exploration and Dutch claims in New Netherland.
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