Page 1 of Aug 2 1979 Issue of Eau Claire Leader Telegram in Eau Claire, Wisconsin

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Eau Claire Leader Telegram (Newspaper) - August 2, 1979, Eau Claire, Wisconsin Deeper recession than expected predicted by Edward Cowan . Times news service Washington a the governments senior economists have issued a confidential economic forecast predicting a deeper recession this year and a an anaemic recovery in 1980 that will cause the National unemployment rate to climb to 8.2 percent at about the time of the november presidential election. In an earlier government forecast prepared for Public distribution As part of the july 12 midyear review of the budget and the Economy the administration predicted that the unemployment rate would climb to 6.9 percent in the autumn of 1980. The new forecast dated july 27 and circulated to a handful of Cabinet officers is expected to raise questions about the Validity of the earlier document. The revised forecast predicted that the Rise of average labor costs a wages plus benefits a would accelerate to 10.5 percent in 1980 from 9.5 percent in 1979, causing the Basic or underlying inflation rate to Rise by an extra 0.5 percent. For the Economy As a whole the new forecast predicted 8.8 percent inflation in 1980, compared with the july 12 figure of 8.1 percent. These estimates include a variety of goods outside the consumer Price Index which has been climbing at a 13 percent annual rate in 1979. The forecasters also indicated and officials confirmed that the administration now leans toward increasing the voluntary Standard for limiting pay increases from 7 percent this year to 8 percent in 1980. The revised assessment also said that the higher interest rates put into effect by the Federal Reserve Board on july 20 suggested that monetary policy might not ease this autumn As the White House had expected in preparing the july 12 forecast. Without making a recommendation the administration economists outlined the effect of a $25 billion tax Cut that would take effect Jan. I 1980. It included $5 billion of investment incentives for corporations and a $20 billion Cut in social Security payroll taxes divided equally Between employers and workers. Reduce unemployment the economists said such tax Relief would add i percent to economic growth in 1980, reduce the unemployment rate to 7.9 percent and Chip 0.5 percent from the inflation rate by reducing employers labor costs. In a conversation at the White House portrayed the recession that evidently forecast had a As a Brief mild inter monday evening president Carter began in the Spring much As the july 12 continued on Page 2a Wisconsin forecast worsens Madison up the department of Revenue has forecast an earlier and deeper recession than had been expected. Fuel shortages and recent Oil Price hikes Are to blame according to a Wisconsin economic Outlook prepared by the department. A recession is defined As a decline in the Economy for two or More successive quarters. Revenue Secretary Mark Musolf said wednesday that most leading economists had predicted a somewhat Milder recession starting in late summer or Early fall. A instead we find that real Gross National product a widely recognized Index of business activity declined by Over 3 percent in the second Quarter of the year with further drops Likely in the months ahead a he said. A at the same time our analysis shows that Wisconsin will fare better than the rest of the nation in terms of employment because of the diversified nature of our Economy and recent tax cuts which have stimulated business Musolf said heavy Industrial areas would suffer the most because of reduced demand for manufactured goods. A the largest employment drops will be in primary Metal and electrical machinery production both of which will fall by 4 percent a he said. A farm income should be up nearly 30 percent this year because of Strong milk and livestock prices and anticipated increases in Corn and soybean the report forecast a 10.6 percent annual rate of inflation compared with a rate of 13.6 percent the first half of the year. The report predicted a 23 percent increase in wholesale Energy prices. Thursday August 2. 1979 vol. To serving eau Claire and West Central Wisconsin no. 47 2 sections 36 pages 20 cents Haig More defense spending Washington a Gen. Alexander Haig the former supreme Allied commander in Europe today renewed his Call for the Senate to set the Salt ii treaty aside while it works to bolster the nations nuclear and conventional defences. Pleas from Haig and others for More defense spending As a Price for ratifying Salt ii appear to have picked up significant Senate support. Sen. Alan Cranston the Senate a no. 2 democratic Leader predicted wednesday the treaty will be ratified after a Compromise involving increased military spending and a commitment to seek far deeper reductions in nuclear weapons in the Salt Iii negotiations. Haig told the Senate foreign relations committee an unchecked drive by the soviet Union to increase its nuclear might has placed it on the verge of achieving strategic superiority. He made a virtually identical Appeal last week to the Senate armed services committee. A a firm unambiguous demonstration of renewed . Strength and ability to Lead is Long overdue a Haig said. A the global Power balance is viewed in Europe As shifting against it and we can ignore it no longer. A it is essential that this debate result in a demonstration of our resolve to redress this imbalance by an immediate and unequivocal commitment of greater resources to our defense Oil disputed at conference Lusaka Zambia a the dispute Between Britain and Nigeria Over nigerians seizure of British Oil holdings overshadowed the Commonwealth conference As it turned today to world economic and political problems and Southeast Asia. British foreign Secretary lord car ringtone confronted nigerian foreign minister Heo. Adefop at an outdoor reception wednesday and displayed his anger Over the nigerian governments seizure of British Petroleum a holdings in the West african country. British officials were convinced that nigerians purpose was to warn prime More layoffs denied a uniroyal inc. Official today denied that More layoffs than the 150 to 200 announced wednesday would be occurring at the company a eau Claire Plant. Robert Frazee labor and employee relations director at the eau Claire Plant said information indicating that 400 to 600 eau Claire Plant employees might lose their jobs in coming weeks is nothing More than Rumor. A i done to have any information about further layoffs a Frazee said. A anything else you be heard is uniroyal said the layoffs to begin monday Are the result of a slump in the tire Market which has resulted in reduced production at the eau Claire Plant. In a related matter Frazee said the company on sunday will end a continuous shift schedule for about too employees in the plants Mono ply tire and carrying and finishing areas. The a a swing shift schedule began in april 1978 As a separate agreement Between local Plant management and United rubber workers Union local 19. The controversial agreement was reached after exhaustive bargaining which included warnings from management that layoffs were Likely unless the plan could be implemented to increase production. Local 19 president Joseph Sosnouski said he had received no official notification of the continuous shift schedule termination. Frazee said the switchover was the result of the cutback in production and would not be restarted a at least for the time Sosnouski said he planned to Check out additional Layoff Runfors when Union officials meet saturday. Yanis Bibelnieks manager of Media relations for uniroyal at new York said he was unable to comment on possible layoffs at the company a other plants. Minister Margaret Thatcher against recognizing the elected new biracial government in Zimbabwe Rhodesia and Carrington told reporters counterproductive move a nothing could be More counterproductive and less Likely to succeed than an action of this kind to move the governments policy on Southern Africa. This will have a serious affect on Anglo nigerian he strongly denied nigerians allegation that Britain was supplying Oil to South Africa which Nigeria said was the reason for the takeover. Adefop told reporters the takeover was a not necessarily linked with Zimbabwe a but added a we must get Britain to look at Zimbabwe in a different Light. No Black african can consider himself free until Southern Africa is s Index weather.2a obituaries. 5a editorial. 6a lifestyles. 14-15a comics. 17a sports. 1-5b entertainment. 4-5b classified. 8-18b miss your paper we Hope not but in Case you did please Call your Carrier. If you do not receive your Leader Telegram by 5 30 p.m., phone 834-3477 before 6 30 p m. To a m. On saturday. A laser photon their Way Home swedish soldiers who served with the . Emergency Quot it a leave Israel Ltd Quot a Wing the end of the . Mandate Force in the Sinai Board a plane in Tel Aviv wednesday ast Quot Ere see map on Page 2a.saving pennies costs taxpayers dollars by Paul Dunwiddie Leader Telegram staff some eau Claire taxpayers Are discovering that a Penny saved is Many dollars lost. In fact according to county treasurer Larry Lokken one Man who underpaid the first half of his property tax by i cent now owes More than $100 in interest because his account is delinquent. The problem apparently is confined to City of eau Claire residents who pay their property tax in two instalments. Persons who pay their property taxes at one time must pay in february. However some property owners choose to pay half their tax by Jan. 31 and the second half by july 31. To exercise that instalment option state Law requires that at least half the persons property tax be paid by the january Date. If less than half is paid an 8 percent charge is added. Lokken says some City residents who owe an Odd sum like $500.01 paid less than half their tax on Jan. 31. A person owing $500.01 must pay at least $250.01 in january and $250 by july 31. Some people leave out that extra Penny which Means they pay less than half their tax in january. Those people Are subject to the 8 percent delinquent charge on the entire first half of their account. Lokken taking heat Lokken is upset because he is taking heat for a situation Over which he has no control. People who pay their tax in one sum pay their tax to the county. But people on the instalment plan pay their first payment to the City or to officers of the local governmental unit in which they live. Lokken says that when someone underpass the county by a few cents he covers the mistake before the tax deadline with a special fund. In that Way people done to have to pay Large interest charges for a slight oversight. Lokken says it is cheaper for the county to pay the overlooked Penny than it is to spend More Money on a letter and postage to get the taxpayer to write another Check for a Penny. However the City of eau Claire has no such policy according to director of administration George Kumferman. Lokken who is required by state Law to charge interest on the accounts Short by one Penny says the City should have informed the people of their error or paid the Penny for them As the county does. Kumferman disagrees saying people must be responsible for their own mistakes. He Points out that the City sent property owners a statement with the exact amount they needed to pay. He also says that the City received some 18,000 tax statements in a two month period and that it is impossible to keep records on who underpaid their Bill by one Penny. Lokken says at least 25 people Are in this situation and All of them Are from eau Claire. Kumferman says he knows of Only 12 or 15. Lokken wants the City to pay the delinquent taxes on accounts underpaid by Only one Penny. Kumferman says that is not Likely. A we did no to make any mistake a he says. A i fail to see where its the City a nevertheless Kumferman says the City is looking at the situation and a final determination on whether the City will pay the delinquent interest has yet to be made. The intricacies of state Law have created another interesting situation this year for property taxpayers. Normally if a person does no to pay the second instalment of his property tax by july 31, he is subject to an 8 percent penalty. However Lokken says this year the legislature a screwed up the wording of the Law. The result is that people who pay their taxes in person after july 31 Are subject to the 8 percent charge but people who pay by mail and have their letter postmarked on or before aug. 4 Are not subject to the interest charge. A was a result of some ands and ors in the la we have to accept payment on the 4th,�?� says Lokken. A so we be been telling people who come in in person to go Home and mail in their payment. It makes a Lokken says the Law will be corrected so the same situation does no to occur next year. Nevertheless Many taxpayers still scrambled to make their final payment by july 31. Lokken says the county took in $345,468 on the 30th and $547,002 on the 31st. Lokken says More people this year Are taking advantage of the instalment plan in paying taxes. He says it is still too Early to Tell How Many accounts will be delinquent but last year 15 percent of county taxpayers were delinquent

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