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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 18, 1975
Page
4
New York AP reports a worsening economic picture as 1974 ends. IBM posts its first quarterly profit drop in five years, AT&T also slows, and broad forecasts predict further earnings declines amid rising inventories and weak December demand.
New York AP reports experts warn of a looming priest shortage in the United States driven by record low seminary enrollments. Seminary students have fallen 60 percent since 1965, jeopardizing future priestly replacement as resignations total nearly 10,000 in nine years. Married priest reinstatement is urged by diocesan vocation directors.
At a Kansas Bankers Association seminar in Topeka, Democrats and Republicans clashed over income tax reductions. Rep. John Carlin urged raising the personal exemption from $600 to $750 to align with federal filings and aid the economy, while House Speaker Duane McGill called the idea fiscally irresponsible. Sen. Bert Chaney backed Carlin, signaling the issue will be a major partisan debate as supporters cite about $10.5 million in potential savings.
The United States shifts from the WPA to the CETA program, funding about 300000 public jobs with 1.8 billion dollars over eighteen months. Emphasis is on service roles such as clerks and teachers aides, with localities urged to transfer half hires to local payrolls. States report job creation plans across Oregon to New York and Albuquerque, New Mexico, with unemployment rates ranging from 6 to 11 percent.
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