16 May 1979
Page 1
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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
May 16, 1979
Page
1
Page Two editorial argues tax-exempt bonds stretched to fund single family housing pose inflationary waste and risk $11 billion in lost tax receipts. It criticizes lawmakers and Treasury officials while calling for correction and labeling advocates as politicians chasing public funds over private needs.
Senator Bob Dole formally announces a GOP bid for the presidency and says he will speak on national direction and needed reforms while avoiding personal attacks. The veteran politician, praised for speaking skill and survival instinct, enters a lackluster field as Ronald Reagan looms.
A garbled TV listings page outlines various shows and film titles such as The Muppets Go Hollywood, Footprint of the Buddha, Tic Tac Dough, and War Wagon. It also lists editors, subscription rates, and local broadcasting notes with scattered cast names.
NBC plans a renewed push as affiliates gather in Burbank for a sales pitch promising brighter days. Peacock the symbol and Fred Silverman lead a new season promise to lift NBC from its second-place status amid CBS and ABC.
A patient asks if dry mouth signals pernicious anemia. Dr Ruble explains pernicious anemia requires lifelong B-12 injections and is not cancer, Sjogren's disease likely causes dry mouth with eye lubrication issues, and advises thyroid and other anemia checks.
AP Business Writer Floyd Norris reports consumer debt, led by credit cards, has kept the U.S. economy growing and postponed recession fears. Despite higher rates for businesses, consumer borrowing remains accessible, aided by overdraft loans and steady card rates. Analysts warn continued boom could trigger a sharper recession, while the Carter administration seeks a soft landing.
AP notes June 1 hike to 6.5 percent on U S Savings Bonds. Critics say inflation at 8.5 percent could erode real gains. Treasurers cite tax advantages and deferral benefits for long term savers while acknowledging inflation’s impact. Government argues bonds still promote payroll deductions, safety, and patriotism.
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