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Newspaper
Columbus Telegram
Location
Columbus, Nebraska, United States of America
Date
Aug 07, 1970
Page
4
The piece argues that economics shows changing fashions in thought and that unanimous but wrong views can mislead policymakers. It notes Keynesianism’s rise and the shift toward the quantity theory, with forecasts proving unreliable when framed as standard guides. It cautions against rigid dogma and urges weighing varied expert opinions.
Presiness Totes F. W. Woolworth Co. sales reach a record for the first six months of 1970 with consolidated sales at $1,003,590,200, up 14 percent from the prior period. Estimated net income totals $19,524.00 or 61 cents a share, including 42.7 percent of the income of F. W. Woolworth and Company Limited, England. Burlington Northern orders 450 boxcars and 50 mechanical refrigerator cars boosting 1970 equipment program to over $49 million, with the year plan at 4,172 freight cars, 50 cabooses, and 71 locomotives.
The column provides questions and answers on federal tax matters from the IRS, covering capital loss deductions, adjusting estimated taxes, forwarding refund checks after a move, second quarter estimated tax payments, and overwithholding on multiple jobs with Social Security credits explained.
Washington reports June steel imports rose to 1,082,000 tons, the first half of 1970 totaling 5,417,000 tons, while steel mill product exports fell to 2,663,075 tons. Declared import value for the six months reached $151.55 per ton, up from 1969, as higher value alloys increased their share to 16 percent of import value.
Entertainment film processing falls as studios shift away from large theatrical runs. Analysts say nonfiction and educational films fill volumes, with Movielab and Warner Bros executives noting fewer big print orders and lower theatrical output.
The policy outlines that the maximum per academic year is $1,500 toward educational costs, minus other aid, with an outstanding principal cap of $7,500. Borrowers defer during authorized periods and pay full interest in repayment. The question asks who must approve the loan.
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