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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Dec 28, 1967
Page
1
The editorial notes 1966 cost of living at 3.3 percent, 1967 at 3.1 percent, and warns 1968 price rises will be larger. It argues inflation is a fact of life and that a decade is needed to repay a $100 government bond while purchasing power drops to about 70 percent of today’s dollars.
The text argues that while investment care erodes the value of mortgages, savings, bonds, and insurance cash values, saving remains valid. Land and equities hedge inflation but are not always reliable, and fixed income investments should not be spurned if interest rates exceed principal erosion.
In school days Friday afternoons offered a two hour escape with recitations of poetry. Favorite poets included Longfellow Kipling Field and service. Classic verses, rhythm and cadence shaped our sense of language as memories of Dan McGrew and Gunga Din lingered.
A letter asks how to persuade a 38 year old husband to seek medical help for an chronic ear infection. He experiences periodic drainage with yellow brown fluid and intermittent hearing loss. fear of doctors is cited. Readers advise seeking medical evaluation to prevent permanent hearing loss and note possible neural or middle ear involvement.
Washington reports top Senate Republicans clash on the impact of George Wallace mounting a third party bid in 1968. Wallace aims for California ballot access and eyes Ohio for a similar push. Eisenhower denies saying Romney is indecisive and clarifies comments attributed to him in a CBS interview.
Johnson aides draft a package of measures around higher taxes and boosted exports to stem the dollar outflow. The plan targets a balance of payments with a likely tax surcharge and tighter money policy. Officials weigh impacts on big business and ordinary citizens as the Vietnam war and overseas investment continue to drain dollars.
AP writer Cynthia Lowry reports two young comedians Woody Allen and Jonathan Winters each used miniskirts worn by female sketches as the basis for a TV bit. Allen on NBC Music Hall and Winters on CBS premiere mixed topical humor with gimmicks, backed by Red Skelton and Barbara Eden. both shows showcased varied sketches and one-liners as audiences decide who pulls it off.
A dense listing of daily television programming and film slots across evening and late night hours, naming shows such as Leave It To Beaver Flintstones News Truth or Consequences Batman Cimarron Strip Flying Nun Bewitched Ironsides That Girl The Three Worlds of Gulliver Stolen Hours Peyton Place F Troop Dean Martin Year End Review Mr Soft Touch Twilight Zone Joey Bishop Tonight Captain Kangaroo Jack LaLanne Boreas etc. The log details times and programs from 5:00 PM through 1:00 AM including news Weather Sports movies and multiple soaps and game shows.
Agriculture Secretary Orville L Freeman praised the consolidation of four midwestern regional grain cooperatives into a single organization. The Equity Union Grain Co Lincoln Neb Farmers Cooperative Commission Co Hutchinson Kan Farmers Union Cooperative Marketing Association Kansas City Mo and West Central Cooperative Grain Co Omaha Neb form the new Farmers Marketing Co with a temporary headquarters in Hutchinson.
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