Hope Star from Hope, Arkansas on December 19, 1977 · Page 15
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Hope Star from Hope, Arkansas · Page 15

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Hope, Arkansas
Issue Date:
Monday, December 19, 1977
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Page 15
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Monday. December iff, 1977 Prospects for Cl (AKK.» STAH Page Fifteen WASHINGTON fAPt - Although China has bought some soybeans, cotton uid soybean ofl from the United States this year, prospects for it buying wheat or other grain continue to be slight, the Agriculture Department said today. A month ago, rumors circulated that China had purchased or was on the verge of buying U.S. wheat. Department officials discounted those reports at the time, and no evidence ha." surfaced since to indicate such sales. The department said in a re- Pwrt included in a weekly issue of "Foreign Agriculture," published by the Foreign Agricultural Service, that sales of soybeans, cotton and soybean oil to China so far this calendar year total about $100 million. Although this is up dramatically from only M4,000 worth of U.S. farm commodities sold to China last year, it is far below lina buying U.S. farm products are sti!! slight Disabled: drain on taxpayer? the record $864 million worth of products, including wheat, sold in 1974. The report was written by Carolyn L. Whitton and Frederic M. Surls, foreign trade analysts in the department's Economic Research Service. In addition to the cotton and soybean oil, China recently bought more than 75,000 metric tons of U.S. soybeans. But that was part of an old order for 390,000 tons China had placed with an American company, with a provision the beans could come from sources other than the United States. Thus, the remainder of the 390,000 tons was provided from other sources, meaning that the United States was the "residual" supplier for whatever could not be provided elsewhere. A metric ton is 2,205 pounds. "At least part of the amount (of soybeans) purchased In the United States will be going to third countries to fulfill PRC 'People's Republic of Chinai export contracts." the report said. Miss Whitton, co-ai<hor of the report, told a reporter that trade sources indicate part of the U.S. soybean sale is going to Roumania. China also normally exports soybeans to Japan, she said. The report snid that China's oilseed situation "continues to be tight despite recent claims erf an increase m the 197? oilseed harvest," and for the se* x ond tirrw since the People's Re public was formed in 1949, has become a net importer of soybeans and edible oilseed oils. The previous time was in 1973. As of last. September, the most recent month analyzed. China's oilseed exports this calendar year totaled 67.600 tons, primarily soybeans. That compared with 210,000 ton exported in 1976. I .>.*ing at China's grain im- jvrl situation, the report said that more than four million tons of srain have already be*n sought from countries other than the United States for delivery in the first six months of 1978. Traditional suppliers include Canada and Australia. The report said China's purchases of soybeans and the other commodities "cannot be taken ns an indicator" of a change in its policy. Swift's 14 Ibs. & up Supertaste Grade A TURKEYS V 1 * 59* M>- m IK: Premium LITTLE SIZZLERS Normal's 12 oz. pkg. ••»!/. BON HAM Neuhoffs SupperHmer or Armour Spe4 Cut Kb. Slfcd ib.!. bo's Thin SLICED MEATS Turkey Ham Chicken 3 oz. w ,.< Swift Proten Boneless r CHUCK ROi PIMENTO CHEESE Leo's ar or 7.5 oz. r% • •' Reg. or Beef FRANKS Neuhoffs _"*..66* Sliced Qtr. Pork Loin Part PORK CHOPS Ib. Lillian Rogers Hope Ark -»20WIMNiR Jackie Hatfield Hope-ArkMOO WINNER Kraft 8 oz. eto. CREAM CHEESE WE IrVtU. e CLOSED CHRISTMAS DAY Contains Norms! Portions of Rib Ends Center Cut & Loin End Chops * 3 lb . can CRISCO > ROLLS Wiggly Brown N l Sesve $ m m m m i Pet RHz Frozen PIE SHELLS . Piggl/ Wiggly Wht^ed TOPPING. k Fields Frozen PECAN PIES Bidseye Frozen Spears ASPARA6US 9" size twin pack 9 oz. fob a/> M ,u '4OO ""*. .1" tn . * 4 to ° K *I 19 American Whole PICKLES Sweet ^ Instapure WATER FILTER Turn to cleaner, better tasting water. Inslapure* Water Filter by Water Pik. Purer, cleaner, better tasting water Removes chlorine, organic chemicals and suspended particles without removing beneficial minerals or fluoride Kaucet model shown. Sink-sprayer model ^also available. ..«»•* Stocking Staffer TAPES Assorted t <* .. each •... Just one of the hundreds of topics in VOLUME 19 BRITANNIC A JUNIOR ENCYCLOPAEDIA on sale this week VOL. ONE 49' OOUSLt BONUS Off t«' SAVE '5.98 DtUiltitttgrt IHCI ctor«pi* '/: P5? Assorted Record ALBUMS US^l Juice RUSSET POTATOES US#I Ma Baker CRISP IEITUCE head THE FWENDUKT STORE IN TOWN * Intersadion of H*Y 67 and 4 HOPE ARKANSAS Tuesday with every purchase FREE PARKING rve •tve/come FOOD STAMP SHOPPERS WASHINGTON (APt - The cost of helping disabled Americans has become a massive hut mostly invisible hemorrhage o{ dollars from the pockets o{ the nation's taxpayers, workers and businesses. From Social Security disability insurance to federal Civil Service pensions, the burden of providing for those who cannot work is growing, with no end in sight. The problem has largely been hidden by concern over the stability of the whole Social Security system and of private pension plans — much like an infection in a patient who hurts so much from another disease that he doesn't notice the second debilitating Illness. Experts say there are no simple explanations for the soaring costs of disability nor any easy means to halt the rise. : The most visible cost is the' disability Insurance program 1 run by the Social Security Administration. Its checks to 2,8 : million Americans will total an '• estimated 111.6 billion this : year. The cost is expected to be $28'- billion by 1983, when an esti-'- mated 3.5 mlllon people will be' drawing benefits. The exploding costs of this' program have depleted the trust fund set aside for It. This' pending bankruptcy Is one of the principal reasons Congress • raised Social Security taxes* and allotted more of the reve- : nues to disability programs.' Without congressional action, l the trust fund would have gone broke late next year. The disability insurance pro-; gram suffers from many prob-' lems: Inequities, arbitrary nil-' ings and molasses-alow admin-' Istrative processes. But factors outside the program, such as the nation's economy and a greater willing- ' ness to apply for all the benefits that one can get, are apparently also at work on this and other disability programs." "" More and more companies"' are offering some type of disability protection to their work- ; ers. A Conference Board study •" found 74 percent of the companies surveyed had long-term ; disability insurance for at least '• managerial employees. In a '• 1975 Bankers Trust study, 80 : percent of the pension plans surveyed Included disability re-' ; tlrement provisions. Industry experts say more disability claims are being filed * and people are drawing bene- v » fits longer. This shift has cost private in- £ surance companies that write disability insurance policies - 5 millions of dollars In recent * years. By one Industry estimate, companies lost $100 million on disability policies for in- •'•* dividuals in 1974 and 1975. ';! Other than Social Security, * r ' the disabled cost the federal " r ' government billions in other •* ways. There are veterans' pen- ''*•' slons based on disability, some ' r ' veterans' medical costs am 1 2 disability benefits for federf workers, including Civil Servic : '^ disability pensions. ^ By one estimate, the overall ".* cost of taking care of the dis- '.'" abled in 1975 was $114 billion. : ; That was more than double the ;'] money spent on disability by ;' : government and private firms five years before. ' ; * This estimate, by Monroe '•*_ Berkowitz and Jeffery Rubin of '"; Rutgers University, includes '•' medical costs of about $65 bil '-' lion. , : The researchers said the costs of disability could be $21',) '' billion in 1980 if the rate of In- ;• crease between 1970 and 1975 '; does not slow. Grand jury to ; probe escape '; STAR CITY, Ark. (Al'i A [i grand Jury was to be cmpii- ^ neled today in Lincoln County v to look into the conduct of stiiU- Correction Department employ- es during a May escape at- . tempt from cummins prison. ( One inmate was killed in the incident and another was wounded. Prosecutor Wayne Matthews usked for the grand jury after learning from Ouree'ion !><•- paruuetti officials ha; ing sia •r.l

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