Sunday Gazette-Mail from Charleston, West Virginia on August 24, 1975 · Page 20
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August 24, 1975

Sunday Gazette-Mail from Charleston, West Virginia · Page 20

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Charleston, West Virginia
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Sunday, August 24, 1975
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Page 20
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August 24,1975 Sm -APWirephoto Pondering: New York City Mayor Abraham Beame What's in Store for Money-Plagued City? Discrimination Suits Filed $800 Million Now --Beame's Proposal To Bail Out City Soviet Wheat Boycott Could Raise Prices .,.· GREENSBORO, N.C. i.fl - Former em- ployes of Sears, Roebuck and Co. and two other firms have filed lawsuits in federal 'icourl charging their former employers "with racial and sex discrimination. Each suit seeks $150,000 damages. ,, ' Sears, the nation's largest retailer, was ·accused Friday of racial discrimination by Clark McGriff, a black, who alleged he ,was fired in 1974 because he suggested -changes in work policies to his supervisor, '.rje had worked in the Winston-Salem .store. · ' Carol Grady, who also worked in Winston-Salem,. filed a suit against Food Town stores, a grocery chain, on a charge of sex -discrimination. ",: ·· Her suit alleges that the manager of the \ store had changed her working hours for a two-week period and agreed to allow her to bring her child to the store while working. Her suit claims- she was fired March 16 because the child had caused problems, but she said no problems had occurred. The suit said another basis for discharge was that Mrs. Grady had taken March 15 off so she could take her child to a physician. Also charging sex discrimination is Santina Delores Casey. Her suit says Anchor Motor Freight, Inc. in Winston-Salem denied her merit raises routinely granted men employed in the same office. She also claimed she was denied normal performance reviews. In addition, the suit said she was denied a recall to work after a layoff though male employes were recalled. (C) A'-V. Time* Service NEW YORK - Mayor Abraham D. Beame has asked Gov. Hugh L. Carey for an immediate advance of $800 million in state aid so that New York City will not have to rely on borrowing by the Municipal Assistance Corp. for its cash needs next month. The mayor's request was part of an over-all plan given to Carey last Friday and designed to reduce the city's borrowing requirements in the weeks and months ahead. A spokesman for Beame said the mayor would continue to refuse comment on the assistance corporation proposals - which were being worked on Saturday both here and in Albany - that the state be given new authority to supervise the city's borrowing and management functions. CAREY WAS REPORTED to be in touch with his top advisers on the drafting of possible state legislation that would create a "mechanism" for the stale supervision. Stale budgel officials also were reporled lo be examining elements of the mayor's financing plan, with the intention of submitting it for approval or disapproval to directors of the assislance corporalion Monday. The stale has already advanced Ihe city $920 million in stale aid since the spring to ease its cash shortage problem, and Albany officials have asserled that there is ^ery little money left. 11 was learned, however, lhal Beame has asked Ihe stale lo advance il Ihe aid lhat the state will appropriate for its next fiscal year, which begins nexl April 1. on Ihe assumplion lhal Ihe appropriation for nexl year falls wilhin Ihe city's current fiscal year, which ends next June 30. State budget officials were described as wary of Ihis idea, which some viewed as anolher budgel "gimmick." However. Ihey were reporled lo be giving it serious consideralion in light of the cily's precarious posilion in Ihe weeks ahead, when once more il is likely to be thrusl lo Ihe brink of default. Beame's proposal was actually one half of a two-parl plan thai he had mentioned after meeting with Carey lasl Friday. , Beame had said Ihen that his proposals entailed "a financing plan for this year and a budget plan for the following three years." Persons familiar with Beame's plan s;iid Saturday that it is intended to "eli- .Y.iriate the need for Big MAC to borrow $900 million for September and sharply reduce the need for MAC'S borrowing program over the next several months." He a c k n o w l e d g e d , however, lhal Beame's plan did nol so much reduce Ihe city's borrowing requirement as devise slrategies for coming up with Ihe money to meet them, such as the state advance. The second parl of Beame's plan, il was Malaysia Approves 'Insect Fine ''Law KUALA LUMPUR, Malaysia (AP)The governmenl has passed a law providing fines for properly owners who fail lo drain insect-breeding water on Iheir land. One hundred people died of mosquito- borne diseases last year. learned, "assures that the city would achieve a balanced budget without the need of additional taxes for the next couple years." But it was not clear whether the plan spelled out the need for more layoffs of personnel. "Obviously it requires additional economies," said one person who has seen some of the details. .\.Y. Timet A*« Service HOUSTON-Organized labor's announced boycott of Soviet-bound wheat shipments could, ironically, drive domestic food prices higher-the opposite of what labor leaders said they intended-according to grain dealers, farm leaders and government economists. The boycott, stopped after one day by a federal judge's restraining order, momentarily jolted Midwest grain markets last Monday. Wheat prices on the Kansas City Board of Trade dropped by 15 cents a bush- Fed Ready to Pull Miracle To Head Off N.Y. Crisis A'ew York Time* Service NEW YORK - The Federal Reserve System, the nation's central bank, is prepared to head off a widespread financial crisis that could result from a default by New York City. However, the Federal Reserve will not directly provide the funds to rescue the city by buying city bonds or those of the Municipal Assistance Corp. Moreover, it will not bring pressure on private commercial banks to do so or undertake to guarantee the city against default, lest this relieve Mayor Abraham D. Beame of what it sees as the urgent necessity of cut- ling expenditures further and submitting a credible plan for the city to work its way back to fiscal stability in the next few years. '. Dr. Arthur F. Burns, chairman of the Federal Reserve, stressed in an interview that, if New York City was to avoid default, it was imperative that city officials provide a program of fiscal reforms convincing to other public authorities and to private financial institutions. Burns indicated that if such a reform program were forthcoming and if investing in city obligations were to threaten the banks' liquidity -- ready cash -- the banks could be sure that "the discount window would be open to them." The term, "the discount window," is bankers' jargon for the privilege of member banks to take eligible paper -- notes, drafts, bills of exchange, and other types of financial instruments - to the Federal Reserve in exchange for cash, for which the member bank pays "the discount rate" currently 6 per cent. The Federal Reserve Act gives every Federal Reserve bank (such as the Federal Reserve Bank of New York) the power to buy and sell "bills, notes, revenue bonds and warrants with a maturity from dale of purchase not exceeding six months," issued in anticipation of taxes by "any state, county, district, political subdivision, or municipality in the continental Uniled Slates." Indies University In Financial Trouble BRIDGETOWN, Barbados (AP)-The University of the West Indies, a joint enterprise of the Caribbean stales, says it's in financial trouble because the governments of Grenada, St. Vincent and Dominica are about $270,000 behind in their payments. el in the first few minutes. But they quickly recovered, with heavy buying and selling through the week as President Ford urged calm. Dealers said they assumed the dispute would be resolved before heavy exporting begins next month. "You have prices rising in the face of this boycott and that wouldn't happen if dealers thought they weren't going to be able to ship grain." said Roderick Turnbull, a spokesman for the Kansas City Board. "The market is assuming that this is so important that you just can't let a union tell the country what to do." Whether or not the boycott resumes. Ihere was a fear that its mere announcement Monday by George Meany, president of the AFL-CIO could have already set into motion a food price spiral in this country. Meany said longshoremen under his jurisdiction would not load grain on ships bound for the Soviet Union until the Ford administration protected consumers from food price increases and secured for American flagships a greater portion of the business hauling the grain to Soviet ports. By casting the national spotlight on the issue, Meany gave food industry more than enough excuse to raise prices, then pin the blame on the unions, the Russians. President Ford, or some combination of the three, critics of the boycott charged. » · » "ALOTOFMR.MEANY'S talk has in it the danger of creating the very thing he alleges to fear," said Donald Paarlberg, a senior economist for the Department of Agriculture. Oren Lee Staley, presidenl of the National Farmers Organizalion, said Meany also had put hirnself in a position el taking Ihe anger of farmers off the Ford administration and putting it on himself. Farmers were upset Aug. 11, when Secretary of Agriculture Earl Butz temporarily put a damper on rising wheat prices by requesting grain companies to hold off selling any more grain to the Russians. Butz said Thursday that retail food prices would, indeed rise partly because of sales of roughly 10 million tons of grain to the Soviet Union in July. Keep on wedgin' Everyone knows that wedgin's the way to go! Low-to-the-ground wood wedges with cushion crepe soles make the going so easy! And natural-look leather makes the fashion mighty fine. by MISS AMERICA Camel or Brown Leather 16.98 228 CAPITOL ST. ESTABLISHED 1892 GALLOtt .12 OZ. CAM 59 79 MACK BLEACH ARMOVR TKEET REDQOID -n TOMATO JUICED 49 HYDEPAM MA YONNAISE STOKKSUHBfAM ....^LOAVES I. KHKSIZE Biff AD LOAVES *§··» SATISFACTION GUARANTIED ON AIL PRODUCTS SOID OR YOUR MONEY CHEERFULLY REFUNDED Prices in effect at all Fas Chek Locations through Aug. 26,1975 We accept food stamps. We reserve the righ to Limit Quantities. tt. 5. D. A. COV'T. MPtCTfD FRYER LEG QUARTERS 69 IB. BUAST QUARTERS fKSHUM GROUND BEEF UPfMO* ALL MEAT WIENERS StPE*fO*ASSO*Ttt LiHCHtW MAT t a. 79 ,79 69 ,99 t IB. WITH WIN FAS CHBC EXWRES 8/30/75 FAS CHSCEXWRES 8/30/75 PRODUCE US#1*USSET BAKHK VV»VHV 4MC» I ^^ ^^ ^^. BANANAS* J9 jmtncMOMM APPitS .. 1U.IH 99 t WHITE, SCOLDS CRAMS 49L KCWCMP YELLOW ONIONS 3 XJL MC 59 FAS CHBC EX WPS 8/30/75 8PAK160Z. DR. PfPPfR 99

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