Northwest Arkansas Times from Fayetteville, Arkansas on August 22, 1974 · Page 3
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 3

Fayetteville, Arkansas
Issue Date:
Thursday, August 22, 1974
Page 3
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Portugal Offered $400 Million To Refuse U.S. Airbase Rights WASHINGTON (AP)' -- Portugal has received an Arab of (er of $400 million to refuse renewal of U.S. airbase rights in e Azores, according lo U.S. telligence sources. Arab representatives also -ere said to have offered to lift ie oil embargo against Portu- Surprise Greeting A fronp of youngsters g r · e t President Ford with signs outside the Capitol Wednesday after be p a i d a visit to the House and the Senate. T h e children had lunched at the White House prior (o. the meeting. They were on an outing sponsored hy t h e 'S u m m e r - in - the - Parks' program. (AP Wirephoto) Commerce Department Revises Second Quarter GNP Report WASHINGNTON (AP) -- The .mated. The Gross National government today revised its (product's version of prices litest estimate of the nation's showed a 9.6 per cent rise. The total output of goods'and serv- original estimate for the quar- ices, listing the drop'in output iter had been 8.8 per cent, from April through June as less' The nation's real output is de- than 1 per cent. Th* three-month period was the second quarter in a row to register .a drop in real output the Gross National Product. Two such quarters of decline are a primary indicator of recession. The Commerce Department, responding to data received .since the original second quarter Gross National Product report was issued last month, ·pegged the three-month drop at eight-tenths of one per cent. The earlier estimate had set the drop at I.I per cent., The upward adjustment oc curred despite the department's termined by adjusting 'the amount of the output in dollar terms to account for inflated rices. The latest estimate set the finding stronger that than inflation was originally esti- al. The .Arab aim, as U.S. in illigence men view it, is to eny the United Stales use of State Funds To Draw Interest On Total Deposit Northwest Arkansas TIMES, Thurs., Aug. 22, 1974 · FAVITTIVILLl, ARKANSAS Secondary Math Teachers Class Is Planned A special in-service class for econdary school teachers of natliemalics will be conducted y the University of Arkansas t Springdale. The announcement was made Villiam R. Orton, director of he statewide program in ualheinatics education for Arkansas. This is the third year the program has been conduc- :ed at Spriugdale. The course will begin September 10 at 6:30 ).m. The course offered is matb r Secondary Educalion: Cpn- ent and Methods for Teaching Funior High Mathematics. The in-service program the key Lajcs Airbase in the Azores for any future arms air lifts to Israel.- The treaty covering U.S. use of the Azores base ran out in February. Negotiations are under way on renewing those base rights for another live years. Most U.S. allies and friends, apparently concerned about displeasing the Arabs, refused permission for the United States lo use bases on their soil last fall when the U.S. Air Force flew emergency war supplies to Israel, then battling with Egypt and Syria. Portugal was the exception. With tacit Portuguese consent, U.S. transport planes were able to land and refuel at Lajes, LITTLE DOCK (AP) Atty. permitting them to haul big loads 6,000 miles from the United States to Israel. a grant of $175,000 National Science funded by rom the Foundation of Washington, B.C. Enrollment in 'the class is now under way, Dr. Otbn said, and :here are vacancies that need :o he filled. Eligible for participation in the program are teachers of science and mathematics in grades six through 12 The U.S. Air Force also was able to fly F4 Phantom jet fighters to Israel by refueling them in the air from tanker planes based in the Azores which is about 1,100 miles wes of Gibraltar. The United States normally maintains no combat planes at Lajes, only refueling and maintenance facilities manned by about 1,000 specialists who service Military Airlift Command flights to southern Europe and the Mediterranean area. Reports of the Arab offer were said to have come from prompting some U.S. officials to suggest that Portugal might be trying to pressure the United States into r a i s i n g the ante for retaining rights to the Gen. Jim Guy Tucker said Wednesday that the slate Board of Finance must charge interest on the total amount of slate funds deposited in Arkansas banks and savings and loan associations. He said the financial institutions couldn't just charge interest on the net amount available for reinvestment. Three members of the Boon of Finance had asked whether he board could set an interest rale on the net amount avail able for reinvestment rather than the total amount of state funds. Those members were State Treasurer Nancy H a l l , stale Auditor Jimmie "Red" Jones and Richard R. Heath, director of the Finance and Administration Department. Jones said that each financial institution had to pay insurance on the slate deposits and also serve, as required by law. Only Exiles Displeased VANCOUVER, B.C. (AP) A meeting of American war exiles now living in Canada may be held "to plan resistance to Ford's amnesty." says a mai active in the expatriate group called AME. Ed Slarkins, originally from San Diego, Calif., commented "If we ever return, even for a visit, it will not be with the idea that we are being Corgi vcn, but because the war is over and the issue Is dead." of 21G E FaycllevHl I LEARN I BASIC OR ADVANCED INCOME TAX PREPARATION IKMJ3B1.OCBCI Thousands are earning good money as tax preparers. Enrollment open to men and women of all ages. Job inter, views available lor best slu- dcnts t Send for free information and class schedules. Classes Start: SEPTEHMER 12 CONTACT THE DtfOSBLOCIC OFFICE NEAREST YOU: 2 O»!ci!S lo Servo You Itfil .SouLli School. 1 J'hniro 208 S. Ttiniupsnn, S|i[lnK(l!ila 1'FiOlio 751-3000 about 90 per cent of the money iy each institution is received available for reinvestment, he said. Tucker said it was the legislative i n t e n t that the state funds available for investment receive the greatest possible interest returnable to the state. He said there is no reference in stale law made to net funds available for reinvestment by financial institutions. lion at a seasonally adjusted annual rate, or an increase of $28.5 billion over the first three months of the year. The original estimate had set the second quarter figure at $1,383.5 bil lion. At the same time, the Commerce Department reported that before-tax profits of corporations rose at a slower rate in the second quarter of the year. The Commerce Department said profits shojved a rise of $11.7 billion or 8.4 per cent, to total of $150.4 billion. Profits had jumped by $1 billion, or 13 per cent, in th first quarter of the year. And the department note that both increases in profit were due in large part to in creased profits on inventories Such profits occur during per otls of rapid price increases be cause goods on hand rise i value. The Commerce Department also introduced a new measure of national economic output called the Gross Domestic Product, under ' which the nation showed a real output increase of three-tenths of 1 per 'cent. The figure contrasted with the decline registered in the more traditional Gross National Product. The Gross Domestic Product figure excludes the effects of business dealings by overseas affiliates and branches of U.S. corporations. principals, super- and supervisors of and also intendents, S e c o n d a r y o r elementary schools. Participant awards include tuition and fees, travel allowances, and .textbooks. The instructor of the' Springdale class will be Mrs. Helen McKinney of Fayetteville. The Associate Director is Dr. Kathrine C. Mires, and the Assistant Director and Evaluation Coordinator is Dr. Jay Graening. Upon completion of the course semester hours of graduate or indergraduate credit. The class will have 16 meetings of three lours each and is scheduled to )e completed before Christmas. Persons interested in applying for the class should imme diately write Dr. Orton, Department of Mathematics, University of Arkanhas, Fayetteville, or Mrs. McKinney, 2132 Ora Drive, Fayetteville. Azores base. However, other officials felt the Portuguese sources intended only to alert the United Slates to the Arab move and favored continued American use of the base. These officials said many Portuguese still resent p a s t Arab activities in support of anti-Portuguese guerrilla movements in Portugal's African colonies, even though the new government in Lisbon is moving toward freeing those colo- Purse Stolen Carol Raymo, Route 3, Springdale, told sheriff's depu ties her purse containing $20 cash and $20 worth of valuables was stolen from her car last Saturday. Break-In Reported David Casey of Route 3, Springdale reported a break-in at his home Wednesday in which "a lot of things were taken." He said he would compile a list of stolen items to give to the. Washington County sheriff's office. Furniture Stolen Betty Rankin, 742 S. Washington Ave., reported lo sheriff's deputies the theft of an antique sewing machine, an antique dresser, an antique washstand and a wood stove from a building at Baldwin. Total value of the stolen items was placed at $550. Color TV Stolen Larry Jones, Route 2, told Fayttteville police that a new Philco color television set was stolen from his home late Wednesday night. The serial number of the set is C9263BPC-1. Police said entry ; to the home was gained by ' prying the screen from a window on the north side. Auto Crash Injures Farmingfon Man Lexy D. Wetzel, 19, of Farm- ngton was in fair condition at Washington Regional Medical Center today as a result of injuries sustained in a Tuesday auto accident. He was admitted Wednesday. Wetzel was a passenger in a car driven by his sister, Priscilla R. Wetzel, 18, also of Route 1, Farmington, which was struck by another car at the intersection of Razorback Road and Ncttlcship Road shortly before 5 p.m. Tuesday. Fayetteville police said the driver of the other car, Mary Ruth Roberts, 27, of 317 E. Rock St. told them she was north bound on Razorback Road when a pickup pulled out of Nettle ship Ho ad in front of her car, causing her to lose control. Police said Miss Roberts' car crossed the center line and struck the Wetzel vehicle. The pickup left the scene. Theft Reported David Bulcher Sutton St, told police Wednesday that the sitl covers on his motorcycle wer stolen sometime Tuesday night VM..^/S^.W; FAYETTEVILLE BUSINESS COLLEGE HAS MANY WAYS TO DECLARE YOUR INDEPENDENCE Many fields welcome you, if you have training. Fayetteville Business College is the ideal place to train. Pick a career now. Enrollment Starting Aug. 26th through Sept. 6th 10% to 50% off all carpets. Just two dF many, shown below. [A] "MAISON GRANDE" Durable nuilti-levei loop construction in brilliant space- dyed tweeds accents the home. [B] RUGGED "BRIGADIER" Nylon pile inhandsome tweeds, solids really takes the wear. I cam back --install it yourself. 5 99 KEG. 9.9» SQ. YD. 3 99 KEG. 6.99 SQ. YD. R E V I V A L Starts Sunday, Aug. 25 BUCKEYE BAPTIST CHURCH 7:30 Each Evening Evangelists: Johnny Sizemore and toy Counts Accounting the demand grows every year. Salaries at all-time hifih. General Office ClerK Learn the basics of Office Procedures for a successful future. Executive Secretary Master basic office skills, then specialize In business procedures, No better way to become an executive than teaming up with one. Bookkeeping Expanding business means tens of thousands of new bookkeepers will be needed. A count ing, Secretarial be a top notch Secretary and know the Company hooks too. Business Administration and Accounting More and mo re women proving they can run business as well as they rim homes. Barriers coming down. Salaries going up. tncomo Tax Specialist Part-time, full-timer needed everywhere and the need will grow. Key Punch Learn to Key Punch HIP input computers and fill one or me 115,000 new jobs in the next decade. EHv FAYETTEVILLE BUSINESS COLLEGE 221 South Locust -- Fayetteville PHONE 442-2241 Licensed by the State of Arkansas Department of Education VA Approved PURITAN FOREVER YOUNG . . . for the new young look. The new young look in a sleeveless long dress. Look your prettiest for that special occasion, or for entertaining at home. 100% polyester, this dress is easy to care for. Machine washable. In a print with your choice of navy or black background. Misses sizes 10 to 18, half sizes 12J/2 to 241/2, 20.00 WbVe * value by the yard. [WE EVELYN HILLS SHOPPING CENTER 4434591 Use Your Boston Charge, Mastercharge or Bankamericard Boston Store NORTHWEST ARKANSAS PLAZA

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