Carrol Daily Times Herald from Carroll, Iowa on May 15, 1974 · Page 7
Get access to this page with a Free Trial
Click to view larger version

Carrol Daily Times Herald from Carroll, Iowa · Page 7

Carroll, Iowa
Issue Date:
Wednesday, May 15, 1974
Page 7
Start Free Trial

Page 7 article text (OCR)

Iowa's Economy., Gaining at a 'Fantastic 9 Rate, Shows Signs of Slipping Rv Hnif icon W«l _. *—^ ** J. J. ^3 By Harrison Weber Iowa Daily Press Association DESMOINES- The state's fiscal experts have been predicting for some time that Iowa's economy would be cooling off this summer; apparently it already is happening. At least that appears to be the case if the state's economic growth rate is used as a business barometer. The growth rate slipped a couple of percentage points last month. Even so. Iowa's economic growth rate is at a fantastic level. Through the first ten months of the current fiscal year — July through April — Iowa's tax collections are running 18.6 per cent ahead of the corresponding ten months a year earlier. The state has taken in $725.3 million during the first 10 months of the present fiscal year. Anticlerical Movement is Afoot in Italy ROME (AP) - The overwhelming defeat of the Vatican's campaign for repeal of the Italian divorce law spurred a drive today to end the privileged status of the Roman Catholic Church in Italy. Despite a vigorous, two- month campaign by Italy's bishops, most of its 190.000 priests and nuns, and the Vatican's political allies in the Christian Democratic party. Italians voted 3 to 2 in a referendum Sunday and Monday to retain the divorce law that has been on the books only since 1970. As soon as the results were known, anticlerical groups announced a nationwide drive to collect signatures on a petition calling for a referendum on all laws giving the Church a special position. One such law stipulates that "the Roman. Catholic, Apostolic religion is the only religion of the state." Others give tax exemptions and other privileges to agencies of the Church and Vatican employes. The outcome of the referendum was also a stinging rebuff to the Christian Democrats. Italy's dominant party ever since World War II, and its secretary-general, former Premier Amintore Fanfani. who led the party fight against the divorce law. The campaign divided Premier Mariano Rumor's centerleft coalition government and promised new stresses and strains for it in the future. The three smaller parties in the coalition —the Socialists. Democratic Socialists and Republicans —were for divorce, along with the Communists; the Christian Democrats and the Vatican were supported only by the neo-Fascists of the Italian Social Movement, whose backing usually is considered an embarrassment. Thousands celebrated Monday night in Rome and a dozen other cities, singing, honking horns and cheering. There was some violence. Leftist and rightist youths battled with iron bars and sticks in Naples and nearby Salerno, and six persons were injured. Leftists in Milan set fire to the office of a rightwing labor union. In Bergamo, which voted for repeal of divorce, leftists stoned the building of a Catholic newspaper. Interior Minister Paolo Emilio Taviani announced that 88.1 per cent of the electorate voted. The final count was 19,093,929, or 59.1 per cent, in favor of allowing divorce and 13,188,184, or 40.9 per cent against its legal retention. Enrico Berlinguer, secretary of the Italian Communist party, hailed the outcome as "a grand victory of liberty, reason and right." There was no immediate comment from the Vatican. Pope Paul VI took no public part in the antidivorce campaign until last weekend, when he lauded the bishops for their drive. The law, Italy's first divorce legislation in more that a century, permits divorce after a separation of five years, on sentencing of a spouse to prison for more than 15 years and on conviction of a sex crime or of murder of a member of the family. Since the law was enacted, only about 70,000 divorces have been granted. Through March, collections were running 21.6 per cent ahead of the same period a year earlier. The chief reason for the state's economic growth rate declining this past month is a lag in sales tax collections, compared to the previous rate. Sales tax collections were running 16.5 per cent ahead of last year, but collections during April tailed off and the rate of growth for 10 months is down 2.4 per cent to 14.1 per cent. State Fiscal Director Gerry Rankin believes this dip in sales tax collections reflects the farm picture. With lower hog and cattle prices, he says farmers are no longer in a hurry to buy new equipment. Through April the state had collected $199 million in sales tax which means, according to Rankin's calculations, that he will be very close to his prediction of $252 million for FUNNY BUSINESS the full 12 months. For the year ending June 30, Rankin is forecasting an overall economic growth of 14.3 per cent for the state which he says is "quite impressive" when compared to the state's recent growth rate of five to six per cent. EXCUSE ME, BOT AREN'T 40 ROD TREADMILL THE MOVIE By Roger Bollen Rankin may fall short on his estimates, though, particularly if income tax collections continue at their current pace. Income tax collections are running 26.8 per cent ahead of collections a year ago. Rankin had predicted they would exceed Times Herald, Carroll, la. _ Wednesday, May 15, 1974 / last year's collections by 19.7 percent. The fiscal director had forecast gross income tax collections of $345 million for the year ending June 30. With two months to go. the state has already collected $287.3 in individual income tax, and Rankin concedes he was low in his estimate. Rankin also acknowledges that he underestimated the amount the state would receive in interest on its idle funds by some $10 million. Through April the state had received $18.6 million in interest on its investments. Rankin had predicted that overall receipts for the 12-month period will total $876.3 million. While receipts may be down slightly in April, nevertheless it's quite clear that Iowa's economy is still very healthy. Children's Clinic Here on Thursday The Iowa State Services for Crippled Children is accepting referrals for children who will attend the general clinic in Carroll. To be seen at this clinic, a child's referral should be forwarded to the SSCC offices by May 16. The clinic will be held Thursday. June 6. at Kuemper High School. South Clark and East First Streets. Diagnostic and evaluation services will be provided for individuals under 21 who have chronic, congenital or multiple health problems. Examinations at the clinic will be provided by consultants in pediatrics, orthopedics, clinical psychology, speech and hearing, physical therapy, nursing and medical social work. Necessary laboratory and x-ray examinations also will be provided. There is no fee for clinic services. Patients from the following counties are eligible for the clinic: Audubon, Calhoun, Carroll. Crawford, Dallas, Greene, Guthrie. Ida. Monona, Sac. and Shelby. Any questions about this clinic should be directed to field staff consultant Betty Simon, 1324 Crawford, Boone, Iowa 50036; 515-432-3326. Upon referral of a child, SSCC sends the child's parents an appointment card specifying the location of the clinic and the time to report. It is important that referrals be sent to the SSCC offices by May 16. Medical director of the SSCC is Dr. John MacQueen, professor of pediatrics in The University of Iowa College of Medicine. Services and other benefits under the Iowa crippled children's program are provided on a nondiscriminatory basis in compliance with Title VI of the Civil Rights Act of 1964 and its regulations Wisconsin Pair Visit Germans AUBURN — Mr. and Mrs. Paul Brody of Cambridge, Wis., were guests Thursday and Friday in the homes of Mr. and Mrs. Harold Gorman and family and Mrs. Lottie Gorman. Daiker Family Holds Reunion ARCADIA — A Daiker family picnic was held at Grant Park shelter house on Mother's Day. Attending were Mr. and Mrs. Ralph Drees and family of Toopi, Minn., Mr. and Mrs. Merle Obney of Malaea, Minn., Mr. and Mrs. George Schachtner and Mr. and Mrs. Albert Mohr and Sally, Mr. and Mrs. Gary Mohr and family of Vorina, Mr. and Mrs. Joseph Daiker and family of Lohrville, Mr. and Mrs. John Daiker, Mr. and Mrs. Cornelius Daiker and family, Mr. and Mrs. Kenneth Finley and family and Mrs. Mable Schieg and Gayleen. Mr. and Mrs. Craig and son of Sioux City, were Sunday guests of Mr. and Mrs. Byrhl Cater. COMPLETES COURSE Pvt. Douglas D. Winter, 20, son of Mr. and Mrs. Dean F. Winter, Lake City, has completed a 17-week automotive repair course at the U.S. Army Ordnance Center and School, Aberdeen Proving Ground, Md. Record Corn Crop Forecast is Bolstered WASHINGTON (AP) Midwest farmers have pushed 1974 corn plantings past the halfway mark, significantly ahead of last year when foul spring weather delayed seeding, according to the latest government surveys. By last weekend, says the Agriculture Department, about 52 per cent of the Corn Belt crop had been planted, compared with 30 per cent last year at this time and an average for the date of about 40 per cent. The progress in corn planting, detailed Tuesday in a USDA weekly weather report, bolsters hopes among department officials that 1974 projections for a record corn harvest are justified now more than ever. Officials have predicted farmers nationally will harvest a record corn crop next fall of nearly 6.7 billion bushels, a volume experts say will be needed to help meet expected domestic and export requirements as well as for replenishing reduced reserves. The report said corn planting was 72 per cent completed in Iowa, compared with 18 per cent a year earlier and the average of 58 per cent. Planting in other Corn Belt states ranged from 20 per cent complete in Wisconsin to 70 per cent in Nebraska. Planting also has made rapid strides in the South, with North Carolina 80 per cent done; Georgia 89 per cent; Kentucky 62 per cent and Texas 92 per cent, the report said. Comments on other crops included : Wheat — Winter wheat in the central and southern plains by weekend was developing earlier than last year. In Kansas, the crop was 40 per cent headed, compared with 5 per cent a year earlier. Harvest has started in Texas. Cotton — Planting was ahead of last year throughout most of the south, with seeding about 80 per cent completed in the Carolinas, Georgia, Alabama and Mississippi. Planting was about completed in California, Arizona and New Mexico, but had just started in Oklahoma. Texas producers had planted about 35 per cent of their crop. Soybeans — Farmers made progress in planting last week, with Ohio about 20 per cent completed; Iowa 12 per cent; and Minnesota and Nebraska about 10 per cent. In the South, planting ranged from about 7 per cent completed in Mississippi to 23 per cent in Georgia. JCPenney I Big Closeouts and Specials! Special Sandalfoot pantihose. Three basic shades in short, average, long sizes All sheer. Closeout Special 2 for $5 Polyester tops. Sleeveless and short sleeve styles. Special 2 for *5 Polyester shorts. Jamaica and short shorts with pull-on styling Elasticized waistband. 8 to 18 in navy, red. white and fashion colors. Special 4.99 Polyester pants. Pull-on style in sizes 8 to 18. Solid pastels and assorted checks. Orig. SO to $00. Men's sport shirts. Polyester shirts in assorted solids, fancies. S-M-L-XL. Catalog Phone 792-3524 STORE HOURS: 9:00-5:00 Mon., Tues., Thurs., Sat. 9:00-9:00 Wed. & Fri. 1:00-5:00 Sunday OPEN WEDNESDAY & FRIDAY NITES TILL 9-SUNDAYS 1 to 5

Get full access with a Free Trial

Start Free Trial

What members have found on this page