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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 24, 1980
Page
5
The stock market opened with a sharp decline in New York. The Dow Jones industrial average slid 10.41 points to 979.52 in the first half hour of trading, continuing Friday’s losses.
The Joint Economic Committee warns inflation and unemployment threaten Social Security adequacy. Fears rise as 1979 funding shows 114 million workers paid 99 billion into the fund while 35 million Americans received 101 billion in benefits. By 2025 the contributor to beneficiary ratio falls to 2 to 1. benefits may face cuts or tax hikes.
A nationwide ad promises 25 pt genuine diamond earrings for $5 per pair. Respond with name and address to receive earrings plus a Certificate of Authenticity, with a refund policy minus postage and handling, and a specified mailing address for the offer.
The 34th annual Vending Times census shows Americans deposited a record $12,803,000 in five million vending machines in 1979. Soft drinks rose over 23 percent from 1978, accounting for about 36 percent of sales, while packaged candy bars and cookie snacks totaled about $6.1 billion.
If your employer lacks a pension you may contribute 15 percent of your annual income up to 1500 dollars into a personal retirement plan under federal law. You can deduct this on your tax return. Learn the advantages of a New York Life plan.
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