Pacific Stars And Stripes Newspaper Archives Feb 7 1983, Page 10

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Pacific Stars And Stripes (Newspaper) - February 7, 1983, Tokyo, Japan 10 business yiddish Pacific stars and stripes february 1983 daily part of history t new York a Simeon Weber tried to put the Best face but it was not a Happy week for the editor in chief of the jewish daily Forward was witnessing the end of a newspaper that has shaped the lives of millions of jewish immigrants in the United after 86 the yiddish daily is becoming a sitting in his second floor office of the papers Midtown Manhattan offered to read from his final he pulled the Handwritten text from the desk drawer and translating into i he putting the paper i dont want to bring Back the the tears came just the after drying his he looked smiled and the past is so much a bit of history Dies when a newspaper a bit of the Newspaperman Dies with but when a newspaper like the daily Forward a bit of american history the Forward was founded in financed by the contributions of workers and tradesmen from the sweatshops of new Yorks garment a Strong advocate of democratic socialism and trades unions in its Early it has maintained close ties to organized in its heyday during the first world the Forward was the wealthiest and most widely read yiddish newspaper in the country with separate editions in new Chicago and los Angeles and a circulation of explained government it explained the Workings of american democracy to its most of them uneducated jewish immigrants from Eastern editor in chief Weber the past is so much it published the fiction and poetry of the most prominent yiddish among them Elie Wiesel and Isaac Bash Evis Singer still sends Weber Handwritten yiddish drafts of his Short which appear in the Forward before they Are printed the paper taught thousands of jews How to read its Success is borne out by the papers decision to Stop publishing not Many immigrants need to read a yiddish paper any circulation has dropped to or but for who for 44 of his 71 years has covered stories for the it will not be the Weber will continue his Job As but his work Load will be attention to Israel the Forward traditionally has devoted a great Deal of attention to although not affiliated with the american zionist the paper was a Strong advocate of the creation of the jewish the Forward was one of the first american newspapers to Call attention to the plight of european jews under the newspaper was Yelling every that there was that the jews were being Weber its pleas went largely Weber he was reluctant to place any after the the Forward played an Active role in reuniting american jews with family members in Europe by printing lists of Singer still on staff who began As a copy editor and reporter at the Forward in is still listed As a staff writer and continues to receive a paycheck once a although he said it will be Cut in half when the paper becomes a the forwards style was established by its first Abraham who guided it for nearly 50 years and whose name is still revered by the Cahan was oriented toward the Weber he insisted that his reporters find human interest stories about the average economists subsidies boost social Security checks new York a Many retirees perhaps under that they Are entitled to social Security payments be cause they and their employers provided for such outlays through payroll such is not the say Clifford Hardin and Kenneth Chilton of the Center for the study of american business at washing ton most they Are receiving a year the two scholars note that a married worker with a dependent spouse who contributed the Maxi mum to the program when received at age 65 in 1982 an annual tax exempt if this worker had received an annuity based on his and his employers they his retirement income would have amounted to a also a senior citizen the centers scholar and associate use this illustration As just one example of what they say is an urgent need to restrain Federal you must Start with entitle said who was attracted to the Center by its Murray recent chairman of president reagans Council of economic a former agriculture and before that a Ralston Purina vice chairman and University of Nebraska Hardin reminds you that he is also a senior citizen and sympathetic to retirees he he thought it would have been Wise for the social Security Reform commis Sion to suggest a reduction or postponement of future but the major concern of Hardin and Chilton int with social Security but with Federal which they feel is burying the private financing the deficit financing of the Federal which grew from billion in fiscal 1981 to billion in 1982 and now seems Likely to be around billion in must be from private savings in private mar these they Are also the traditional sources of credit for cars and other consumer for business and for providing the various services of state and local they suggest that in failing to limit which Are rising the nation is weakening the ability of producers to create wealth while simultaneously transferring Power to six entitlement programs one of the they is the indexing to the consumer Price Index of six entitlement including the Federal survivors and disability insurance Wasdi and the civil service retirement As a they Point Wasdi expenditures in 1983 Are projected to be nearly six times the 1970 spending while civil service retirement is costing eight times what it did in other indexed especially medicaid and food automatically add their costs to the in they Cost billion in 1982 and could Rise again this com pared with just billion in uncontrollable or uncontrolled these items along with interest on the National which amounted to about billion in 1982 and is projected at billion for 1983 Are considered or at least in 1970 they amounted to 36 percent of the in 1983 account for 58 cuts in National which represented 39 percent of the budget in 1970 and 27 percent in have been ruled out by the and outlays in the All other category which excludes social services and inter est already have been Cut nearly billion since the focus on slowing the growth of indexed the credit forecast for fiscal 1983 is write Hardin and projections now indicate that the Federal govern ment will preempt nearly three fourths of new private Sav ing for the year they leaves precious Little to finance an enduring private sector

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