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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 07, 1977
Page
1
Editorial argues local budget planning faces squeezed revenues as property values rise but valuations lag, predicting higher mill levies and local tax bills while Kansas state receipts surge from income, corporate, sales and inheritance taxes, urging residents to question state spending and governor.
Lawmakers recently kept a large pay raise in place while drawing a $56,000 salary plus fringe benefits. Critics note generous post-retirement pensions for former officials such as a $37,000 annual pension for a retired doorkeeper and $41,000 plus for ex leaders. The pension system yields average over $20,000 per retiree, fueling concerns over incentives and accountability.
AP Business: In the computer age of financing deals grow more creative, the old country doctor approach to investment banking yields to specialists. A Merrill Lynch executive notes the specialist team includes experts in commercial paper industrial revenue bonds private placements and leasing with a coordinator as lead.
Investment banking has shifted from a sole CFO and CEO guide to broader competition as Merrill Lynch unites units into a Capital Markets Committee. Executives say firms now seek financing two to three times yearly, boosting competition amid costly plant builds and strong government market involvement.
A roundup of prime time listings includes Welcome Back Kotter and Arnold Horshack plot twists, plus NBC and ABC lineups featuring The Walton s, The Grapes of Wrath film, WAT and S.W.A.T. specials, and Tonight Show with Dionne Warwick guest. Includes schedules, film features, and local telecast notes from Ottawa Kansas.
AP Farm Writer Don Kendall reports that rains boosted corn and soybean prospects in major U.S. areas and improved grain outlooks globally. In the Corn Belt, development quickened with Illinois corn in the silk stage at 33 percent, while dry South scores hurt Mississippi Alabama Georgia and Florida. Soybeans benefited from rain except across the Southeast and Virginia, and bloom reached 17 to 23 percent in some North Central states. Winter wheat harvest reached 56 percent nationwide. Kansas at 55 percent. Eastern U.S. moisture improved though western regions remain very dry, and in the Soviet Union conditions look favorable in Europe with excessive rain in parts of Russia.
A reader asks if charley horses are dangerous and how to prevent them. Dr Thosteson explains they are muscle spas usually from overuse or poor circulation and suggests gradual training, heat, and pain remedies, noting origin of the term is uncertain. Other letters cover weight loss skin changes, carrot effects on vision, and quinine water safety with basic health guidance.
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