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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Aug 28, 1975
Page
5
The piece critiques the Employment Act of 1946 noting eight million unemployed and underutilized capacity across industries, arguing that pushing for maximum production and employment risks higher prices. Critics blame the law, administrations, or overall conditions, warning that rare government control limits inflation and stability.
Ramada Inns, Inc. will not pay a cash dividend in October. The board cites prudent financial management and the need to retain earnings for the quarter ended Sept. 30, 1975 due to high interest and ongoing construction and refurbishment projects.
The Agriculture Department projects a 1.5 percent drop in per capita food consumption for 1975, with most of the decline in livestock products, especially pork and poultry. Meats face tight supplies and high costs from drought in 1974, while total food expenditures rise at home and in restaurants.
Under the pension reform act an IRA allows employees or an employee association to set up a retirement plan. Eligible individuals can contribute and deduct up to 15 percent of compensation or 1500 dollars per year. Contributions remain deductible until age 70 years 6 months. IRA income and gains compound tax free, and rollover contributions let you keep the IRA active when changing jobs.
London gold 161.75 up 50c oz. Sept gold 161.50 down 80c oz. Oct silver 4.68 down 7c. Oct platinum 171.50 down 2.00. Sept copper 60c down 1c. Sept wheat 4.07 1/2 down 17c. Sept corn 3.08 down 5c. Sept soybeans 5.67 1/4 down 19 1/4c. Oct live cattle 45.27 down 63c cwt. Oct live hogs 55.47 down 80c cwt. Feb pork bellies 86.37 down 1.45 cwt. Sept fresh eggs 3.65 down 1.3c doz. May Maine potatoes 15.28 up 50c cwt. Sept plywood 122.20 down 2.70 per thousand. Dec cotton 3.64 down 25c lb. Oct sugar 0.364 down 0.07c lb.
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