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Newspaper
Childress Index
Location
Childress, Texas, United States of America
Date
Aug 07, 1973
Page
5
The Childress Index is an independent local newspaper published in Childress Texas. It prints Sundays Tuesdays and Thursdays and offers subscriptions for one year five dollars and six months three ninety carrier monthly five cents per issue.
Don Oakley argues that entertainment shapes perception even when art aims to amuse. He contrasts pornography and espionage thrillers with Watergate era politics, noting society bans some fantasies while consumes others, and questions moral double standards in media ethics.
Hal Boyle offers a satirical column on legal bravado and social quirks as he riffs on Watergate and everyday foibles. He uses humorous asides about aging and gender roles to lampoon pretensions, fear, and vanity in modern life.
In Birmingham England Diane Hemming aged 31 lost her damages claim after a dog bite she said ruined her ability to dance was dismissed by a judge who noted the dog was amiable and the attack out of character.
The writer attacks congressional nit picking and TV coverage of Watergate. He defends Nixon's record on Supreme Court appointments and decency rulings while urging focus on national problems like shortages and inflation. He predicts Nixon will weather the political storm.
Events listed include the 1789 establishment of the War and Navy departments, 1804 Tripoli bombardment, 1912 Roosevelt nomination, 1941 Soviet raids on Berlin, 1959 Chinese invasion of India’s northeast frontier, 1963 JFK daughter birth, 1973 status update, 1963 to 1959 milestones, Nixon convention win, and a 1972 CEQ report on air and water. Thought for today adds a legal maxim.
Aboriginal artists of Arnhem Land in Australia create designs on eucalyptus bark using plant juices as primer and pulverized stones as paints. They use hair as brushes. Octopi swim only when necessary and migrate, then reverse with jerks, employing jet propulsion akin to squid.
AP Business Analyst John Cunniff argues higher lending rates pull investors from stocks toward safer returns. He notes 9 percent prime rates raise corporate costs and depress stock prices despite strong earnings at GM Ford and Chrysler. Institutional buyers now concentrate on 50 to 80 stocks with double digit PEs, leaving the broader market sparse. Kodak and IBM illustrate market irrationality as valuations soar relative to earnings.
Bruce Biossat reports that Japanese Prime Minister Tanaka expresses friction with the United States over Nixon era policies. He cites unrevealed plans on China, currency shifts, and a Soybean embargo, noting Tokyo’s anger at perceived secrecy and last-minute decisions affecting allies and trade.
Analysts warn that climbing interest rates may erode liquidity and dampen growth, raising concerns that a hopeful economic rebound could stall as access to credit tightens and uncertainty grows.
A letter to the editor condemns Congress for approving 40 million dollars for the United Nations Environment Fund claiming it costs 2.3 million in annual interest. The writer urges readers to petition their Senators and Congressmen. C.C. Moseley signs the note.
More than 56 billion dollars of U S savings bonds are outstanding and banks will issue at least 125 million of them this year. Fourteen thousand commercial banks handle most new issues as a public service and have issued over 80 percent of bonds since 1941. They also process 98 percent of E Bond redemptions.
The 1973 law allows beneficiaries to earn up to 2100 dollars without cutting benefits, up from 1780 in 1972. Earnings above 2100 reduce benefits by one dollar for every two earned, with an example showing a 3000 dollar income leading to a 450 dollar deduction from that year’s checks. The change helps many working beneficiaries.
In Yamagata Japan two 11 year olds were found swapped at birth. Officials say a routine test triggered the investigation and the boys will soon rejoin their biological families with ongoing family adjustment planned.
The Ukrainian Academy of Sciences researchers report the Antarctic is four billion years old, shifting the prior estimate of two billion years. The AP notes the finding expands understanding of Earth's oldest ice and geological history.
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