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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 02, 1980
Page
1
Rep. Larry Winn champions an Investor Incentive Act to grant tax credits for stocks and bonds in American firms. The piece argues tax incentives are short term fixes and call for reduced federal spending to avoid economic collapse. It notes prior bills for auto credits and warns against spending beyond means.
Mrs. Frank Hanson of 708 Olive argues that large, unwanted motorcyclist gatherings in Quenemo and similar towns threaten public safety. She praises police for protecting residents, calls for such unruly assemblies to be barred, and urges constructive use of time to prevent further loss of young lives.
Roving editor Joan McCormally argues the auto industry bears responsibility for a billion dollar quarterly loss. She criticizes media focus on Washington, accuses Detroit leaders of producing unwanted large cars, and says government bailout is not the cure. The piece urges accountability and a clear view of how the economy was broken.
AP analysis notes inflation benefits homeowners with mortgages as values rise faster than CPI. It cites 65 percent owner occupancy and 69 percent of consumer debt in mortgages, totaling about 859 billion dollars at year end 1979. Inflation lowers real loan costs and mortgage interest is tax deductible. Many Americans are or have been borrowers.
A reader reports persistent iritis over a year, mainly in the left eye with occasional right eye involvement. The note asks for explanation and treatment options beyond eye drops. The response suggests self-examination and seeks further guidance from the physician.
TV schedule lists programs including Eight Is Enough The Real People and America's Junior Miss Pageant Ed McMahon hosts the finale. Movies span To Catch a Thief Sex and the Single Girl and Cuba with stars Grace Kelly Cary Grant Sean Connery plus Fernanda. News and late-night shows fill the lineup with channel notes and reader ads.
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