Cedar Rapids Gazette (Newspaper) - September 10, 1974, Cedar Rapids, Iowa
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Cambodian Rebels Ax Pact ^
To Allow Export of Rubber
The Cedar Rapids Gazette: Tues., Sept. II, M74
PHNOM PENH (UPI) -Cambodia’s Khmer Rouge Communist rebels have can celed an "arrangement'’ by which they tacitly allowed French-produced rubber lo pass through their areas of control to the capital, Phnom Penh, for shipment abroad.
The rebels up to two weeks ago were content to levy a tax on the rubber shipments but let their enemies from the government of President hon Not market the product. Now they are shipping the rubber out through North Vietnam, keeping all the profits in Communist hands.
The action dealt a heavy
financial blow to the already hard-pressed Con Nol government.
The ‘arrangement’’ between the government, the rebels and the French plantation owners was an ironic situation in which the two opposing sides in the C ambodian war conspired to export the nation's rubber, which fetched $10 million to $15 million a year
From now on, the insurgent leaders said, all raw rubber would be taken by truck to North Vietnam, then shipped to world markets.
Their decision was made
known in a meeting at the Chupp rubber plantation with Jean Remy, contact man between the Khmer Rouge and the Cambodian government. Remy is general manager of the Cambodian Rubber Co and president of the Cambodian Growers’ Assn.
Cancelation of the ’‘arrangement” was confirmed by sources close to Prime Minister Long Beret's office, and by a note passed innocently between two Frenchmen at La Taverne, a French-owned sidewalk cafe in Phnom Penh
The note said:
“Nicolas, this is the man who makes the money drops French pilot leaving for France because flying into the rubber plantations is closing down. The Khmer rouge shifting, will ship out through North Vietnam. Our business is finished.”
The man who made the drops of tax money to the Khmer Rouge is Antoine Nicolas, a Corsican and chief pilot for the Chupp plantation, one of Cambodia’s largest.
The "arrangement,” as Cambodians term it, evolved last year as a matter of economic necessity for the three parties concerned.
The French, who own the huge rubber plantations, agreed to it as a matter of expediency.
The pro-Western government of Urn Nol needed the money, and rubber is the only commodity this small nation of seven million has to export
The Khmer Rouge needed money too, to finance their war to bring down the government.
The Investor’s Guide
By Sam Shulsky
Q — When my husband died
(he* had been a lawyer and a business man who did all the financial work for our family)
I didn t know even how to balance a checking account. Ai the advice of my lawyer I handed my money over to a bank to manage. I discovered that I had to pay for these services. So I went to my broker who sold out my stock and put proceeds into a municipal bond trust (I was in the 4(1 percent income tax bracket). Did I do right9 As a result I am now in the 25 percent bracket
A — < ertainly anyone in the 40 percent income tax bracket is in a position to consider tax-exempt securities.
Whether you should be left with no common shares at all, however, is a question I can’t answer because I have no clue as to your age and — therefore — your need for inflation protection.
Income from tax-exempt bonds — as is the case with income from all bonds — is fixed and, therefore, no help in offsetting inflation lf you are 85. 70 or older, I’d not worry too much about depending on fixed income. If you are 55, it’s a different matter.
Q — I am 72, married, all
children educated and on their own. I have as much money as I will need when I retire. I have $75,(HK) worth of whole life insurance taken out 30 to 35 years ago. Dividends almost equal my policy payments. Should I cash these in?
A — The questions to be handled first are:
People’s Lobby Seeks Right To Propose U. S. Laws by Petitions
LOS ANGELES (AP) — Buoyed by its successful drive for a strict C alifornia campaign reform law. the People’s Lobby is now talking about amending the U. S. Constitution so citizens can propose laws through petitions.
Joyce Koupal, director of the Los Angeles-based activist organization formed in 1988. says an office is being opened in Washington. I). to contact congressmen and to coordinate efforts in other states.
“What this means is that we want to put the initiative (petition) process and the vote of confidence process into the Constitution,” she said. ‘‘We want to make potential presidential candidates understand it could be an exciting solution they could offer.
“We can successfully put this into the presidential campaign,’’ said Mrs. Koupal. whose husband is the group’s executive director. “We will put a President into the White House on this issue.”
The initiative petition long has been used as a tool for the citizens to propose legislation or amendments to the state constitution.
To make the ballot, a proposed constitutional amendment requires the signatures of 8 percent of the number of voters casting ballots in the last election for governor or 520.8(18 until after this November. An initiative drive to put a new law into the statutes takes 5 percent of the last gubernatorial vote, 325.504.
The legislature also can put proposed constitutional amendments to the voters by a two-thirds vote of each house.
The controversial campaign reform measure was Proposition 9 on the June 4 ballot in California and passed bv more than 2 to I. It imposes campaign spending limits, restricts lobbying activities and sets up a commission to oversee campaign practices.
“Keep controversy at a minimum — never debate” and “Your organization does not have to be visible to be effective” are two pieces of the advice the People's Lobby gives other groups in a recently published booklet.
“Debate only gives a platform to your opposition and causes confusion in the minds of people who are listening,'' Mrs Koupal said "If people are confused, they tend to vole no. Of course, with a candidate, it s different."
Asked if people should In* kept ignorant of the issues so they will vote blindly for an initiative, Mrs Koupal said:
“That’s the way the professionals do it and we studied the professionals. That’s the way we win right now As initiatives are used more and more and the educational process gets going so that people aren’t fooled by a slick public relations firm, that won t hold water That’s what we’re waiting for.
“We're winning because* we're not stupid '
She also said work with persons who influence community opinion is more important than sending out press releases.
"I'm saying that a lot of times you are not out in front of the press, you’re working with opinion leaders.' she said
Mrs. Koupal denied that Watergate was a major reason for the voters’ approval of the California initiative
“They were signing petitions because of corruption in California, because of dissatisfaction with government here.
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she said. “Watergate was never an emotional issue with people. What Watergate did was cause a lot of people to drop out.”
Common Cause and Ralph Nader's California Citizens Action Group joined People’s Lobby as proponents of Proposition 9. and there were reports of considerable friction among the three groups.
People’s Lobby says it originated the reform initiative idea. The actual writing of the 20,000-word act was done by members of the staff of Secretary of State Edmund Brown, jr., in consultation with all three groups.
Brown was named the Democratic candidate for governor in the June 4 balloting.
"Common Cause deserves credit . . . they brought in endorsements,” said Mrs. Koupal.
But she downplayed that group's fund-raising efforts — it raised by far the largest amount for the campaign — saying she thought most of that money went for administrative expenses.
People’s Lobby also tried to stop some activities by the other proponents.
“It was question of how much damage they can do. It’s nice to have a lot of people running around on the local level ... but we tried to stop some of the more visible things. We did stop one statewide debate.”
More than 20.000 persons across the country belong to the People’s Lobby, Mrs. Koupal said.
“People who give us money are all considered members of People’s Lobby. People who give 15 cents or $150 or $1,500 are considered members,” she said “Dues are $15 if they want to join formally.”
People’s Lobby dews not keep records in such a way to calculate the number of dues-paying members, she said.
Printing Pays Bills
Most of the $5,(KM) a month overhead for running the organization comes from the profits from a printing firm run by People’s Lobby, supplemented by contributions, she said
The group is run by a 50-member board of directors which meets about every two months. But the board members do more than just make decisions
"The ones who make the decision carry it out.” she said "Each board member has the responsibility to get 9.(NM) signatures personally for an initiative . . . that s the minimum.”
Prior to the reform drive. People's I^obby hacked a clean environment initiative and an effort to oust California Gov. Ronald Reagan Both failed
Besides their national plans. Mrs. Koupal said the group is working on California initiatives for future elections and helping organize local initiative efforts.
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I) What would Im* the cash surrender value? 2) How much protection for your wife would remain in force if you declared it paid-up insurance? 3) How much do you need the income the cash surrender value, invested in bonds, would produce? 4) Would the paid-up insurance protection be sufficient — in light of other resources protecting your wife? 5) Would the maintenance of the $75,(HK) protection provided by continuing premium payments be of importance in your total picture9
In instances where retirement budgets are tight, I believe declaring the policy “paid up,” or even cashing in — if cash value is high — and reinvesting the proceeds in high yield bonds can ease tlustrum of retirement financing.
But since you say you will be comfortably retired, you have all these options open to you.
Q — For most of (he 1980s I
was “in the market”; won a few and lost a few and did not manage to do better than stay-even. Then I turned to utilities — and took losses. What do I do now at 54, a consultant on transport who wants to build capital for the future? I’ve proved that I can’t trade. With big utilities yielding 14 percent and more, it seems there is little faith in them. I want the dividends and if they continue to pay I don’t care what happens to the price. What about municipals?
A — Failure to make money trading stinks does not make you unique. What 1 can’t understand is buying utilities for growth since they are, in Domain, hardly growth stocks. Secondly, I don't see why a successful business man or professional wants more high, taxable dividends.
Top-quality municipals are a good “hiding” place for money you don’t want earning a taxable income, or funds you don’t want to entrust to equities.
But at 54, it seems to me, you must put your money out on a limb in the hopi- it will grow and give you only longterm cap ital gams, not high annual current income.
I’m curious as to why a transportation consultant makes no mention of longterm investment in transportation issues Airlines, it’s true, have had a roller-coaster record — but many freight lines. Western railroads, and forwarders have shown excellent investment records.
With, say, IO years to go to
retirement you should aim at I) keeping current taxable income down and 2) potential long-term gain up Finally, yields of 14 percent and more indicate doubt as to their continuance
* * *
(J — I have a report that the Electronics Co will begin showing a profit in two or three years. What do von think of it?
\ — I’ve never heard of the
company and I don’t put too
much faith in such forecasts . * * *
GUARANTEED COMMAND: A bond which has interest, principal or both guaranteed by a company other than the issuer. These bonds are often found in the railroad industry where large roads lease sections of trackage* owned by small roads and guarantee the bonds of the smaller road.
* * *
REGISTERED REPRESENT T.ATIVF^: A broker — formerly called a “customer man” — who is a full-time employe of a brokerage firm and has met the requirements of the exchange- Also known as “ac-e-ount executive.”
For Better Health
Transfusions Given Under Four Cases
Bv Dr. S I,. \nde*lman
The- simple biology — the animal aliveness — of the* human body is never so cle-ar as when we lost any part of the mere DA gallons of re*d fluid that sustains life
Never, that is. except whe-n we* must replace lost or dise-ase-d blood by transfusing blood into the e-irculatorv system. Blood, substitutes for blood, or liquids called physiologic fluids, such as sterile salt water, may all be transfused into the* boely
Transfusions are given in four eases: after great loss of blood in an accident or during surgery; to tre-at the systemic shock ariel filial loss caused by severe burns; in replacing the blood elf an Rh-positive newborn infant, and to treat severe anemias.
Today’s efficient transfusions have a long history, but not a continuous one- Government prohibitions at various times prevented steady progess. In fact, the* current controversy about organ transplants gi\e*s you an idea of the* problems transfusions caused in the* past.
Many methods of transfusion are* used today and the* basic requirement of all is the same*: The blood cells and plasma must not be damaged in any way and there must be no coagulation of the* transfused blood.
Recipients today may be transfused directly from another person or indirectly from a bottle; into an artery or
By Oswald & James Jacoby
There is one principle of expert bielding that all bridge players should learn. That, principle is that an unnecessary bid on the way to game* always suggests a slam
Thus South’s four-club bid suggests slam peissibilities. It. risks nothing since it does not go past four spades. North’s
into a vein; into a body cavity or under the skin; to replace lost blood or damaged blood: to fight anemia or give* immunity; by one donor, several donors, or himself, and with whole blood, parts of blood, synthetic substitute's or salt water.
Extreme ( are Transfusion requires e*\-treme care. Giving the wrong type* of blood can kill the recipient. Antibody protein substances in the plasma of the recipient can cause a strong immune reaction to re*d cell proteins in the donor’s blood. This reaction causes red cells to clump together; the* cells rather quickly disintegrate and spill out their hemoglobin which can clog the kidneys, stop their action and cause death within two weeks.
Physicians and technicians guard against this reaction by giving a variety of tests to the* prospective recipient lf fae-ilities for careful typing and matching cif blood aren’t available, se»-called substitutes for blood can be used. These aren’t really blood substitutes but they can do some of the same jobs or hold the patient in check until adequate testing can be dont.
4 K Q7 6
V () 7 5 3
♦ A J 8 2
9 10 8 6
♦ K 10 8 4
♦ J 9 852
♦ K Q 7 3
4 A J 109 4 2
V K Q J
* A 108
Pass 4 6
four diamonds says, “If you are interested, so am I.”
South's four-heart bid shows further interest while still ke*e*ping indow four spades At this point if North signs off at hair spaeie*s. South will pass.
Maybe* North should sign off. Most players would, but our North is optimistic. He* sees very good trumps and a singleton club and decides to risk something by a five-club bid.
This makes it easy for South to bid the slam. His partner has clearly shown the diamond ace and second-round club control. He has also jumped in spaele»s and gone past game. He* must have good trumps. The slam should be a cinch. South bids it and is right.
The bidding has boon IO
West North Fast South
14 Pass 26
Pass 2 N T. Pass ?
You, South, hold:
♦ A K 8 4 3 TA 2 6Q4 AK Q8 7 What do you do now?
A—Bid three clubs to show club support. North won't pavs
TODAY S QUESTION
Your partner continues to three spades. What do you do now9
Just taste Windsor—and you may never go back to your usual whisky. Windsor is the only Canadian made with hardy Western Canadian grain, with water from glacier fed springs, and aged in the clear dry air of the Canadian Rockies.
The smoothest whisky ever to come out of Canada.