Northwest Arkansas Times from Fayetteville, Arkansas on October 23, 1974 · Page 22
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 22

Fayetteville, Arkansas
Issue Date:
Wednesday, October 23, 1974
Page 22
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Page 22 article text (OCR)

24 · Northwe$l Arkansas TIMES, Wed., Oct. 23, 1974 FAVETTEV1LLE, ARKANSAS Cattlemen. See Three Years Of Difficulty Before Recovery AMARILLO, Tex. (AP) -- A Colorado cattleman says profitability will eventually return to the cattle feeding industry, but only the fittest will survive until (hat time. "Those that survive will be those that buy, produce and sell efficiently," Kenneth Monfort, president of the nation's largest cattle feeding operation, said Tuesday. . · "It will be those that can attract the finances to make the operation feasible whether those finances be investor money, in paper stock or livestock, borrowings or owners of livestock. "It will be the operator that can show profits to himself or to whom ever he is feeding for." Appearing before the ccm- · ventioning Texas Cattle Feeders Association, Monfort of Greeley, Colo., said: "In this very sick industry of ours in these years that it will take to rebuild, it would' be ray hope that for our good, for your good, for the good of the pro ducers. for the good of the pubic, we can build a new industry based- on the soundness of cattle feeding, the economic reasons why it is viable and that we ignore (he crap-shoot and tax gimmick." MonCort predicted thai con- iumer prices will be under pressure for three years but added, "this industry w i l l . g e t profitable." Also addressing the cattlemen was Sen. John Tower. R- Te.x., who said the war on is- [lation can best be fought by| the citizenry, not the govern ment. "And i( you will raise enough hell about it, Congress will cut federal spending," he said. "Chances are not realistic lhat the government will cut spending unless the people demand it." Chatting with newsmen earlier, the senior Texas senator said if he were a reporter, he would attempt to enlighten the citizenry about the economics of the foundering cattle industry. "The average housewife probably has the idea that the reason she is paying a high price for beef is because the cattlemen is charging a high price and making a big profit," he said. "This is not the case. Any investigative reporter worth his salt knows that." . He was asked then who is to blame for skyrocketing beef prices. "I hope we can find out," he said. "I'm not enough of an expert . . . I don't have the staff or the resources to probe this myself. "The Council on Wages and Price Stabilization is doing it right now. When they come up with some facts and figures maybe we can act to correct the problem." Meanwhile, he suggested, the news media could be doing a better job of covering issues confronting this country today. "As long as the Watergate issue is hanging around, the mass media are going to subordinate other important issues ..." he said. "I think the tendency is to cover those matters that are sensational . .. and perhaps not present both sides of the question. The mass media have been afflicted with what we might call the consumer advocate syndrome to the extent they haven't probed into the economics of the production of such things as food and fiber and energy." "In other words." he contin- sumer." Tower went on to say the used-car salesman are held in higher esteem than either congressmen or newsmen and declared: "The press has a greater influence over what happens in this country than we (congress- ucd, "The guys who get the I men) and yet the press is not press are the self appointed I responsible to an electorate, consumer advocates like Ralph I Nobody elects them to their Nader. Now who elected him to that job?" He said he was "sick and tired" of Nader as a "self-appointed spokesman for the con- jobs. "I think the media ought to be prepared to lake a little criticism. 1 don't Ihink a degree from the Missouri journalism school ombues the man with any kind of superior mornlily or insight." Richard Nixon was less lhan enamored with the press, he observed, telling of n meeting he and several other senators once had with the former president to discuss the school busing issue. "As the discussion · concluded." Tower said, "Ni.xon Booked at his watch and said i 'you better go on out there and ' talk to the press. Those jackals wilt go off and get drunk at 4:30." Questions On Social Security Editor's Note: This column is a joint effort of public service by the TIMES and the Fayetteville Social Security Administration office. Mrs. * R o s e Newsome, district manager. Anyone having a question about social security is invited to send it to the Northwest A r k a n s a s TIMES, 72701. All inquiries should include address of sender. Names will not be published. Q. When is the best time to apply for social security benefits? I will be 62 in December. What will I have to bring? A. You can apply as early as the third month before you can becoma entitled. This means that you can file at the present time. The earlier you file the better. Bring your social security card, your birth or baptismal certificate or o t h e r old documents which show your age or date of birth. You should also bring your income tax return or Form W-2 lor 1973 and be able to tell how much you expect to earn in 1974 and 1975. Q. My son is under 18 and a student. Bnth us us receive a monthly benefit based on my late husband's record. When my son reaches 18, will my benefit check continue? What if he works? A. Your check will stop when you no longer have a child in your care who is under a g e 18. If' your son remains unmarried and is a fulltime student his check will continue until he reaches age 22. He could earn as much as $2,400 a year and still get all of his benefits. Q. Can I receive social security benefits if I turn over my business to my wife when I reach age 65? A. Possibly not. A long as you work in your business all the earnings are credited to you. even if your wife also works in the business. Only if your wife assumes substantially all of the management and con trol of the business, would you be considered retired. Normally this doesn't happen unless you become diabled or totally retired from the business. ;f Q. I am receiving social security benefits which constitute the major portion of my retirement income. Five of my ·'·-friends have told me that there is no money in the trust funds a n d m y social security /--^payments will probably stop by ·\ '1980. Are they right about this? V~ A. Your friends are wrong. The latest report of the Social Security Board of Trustees indi __ cates the trust vfunds will in" "crease to over $60 billion by the end of this year. Your friends must have been reading t/-JU.S. News and World Report : ~ magazines. A close reading of this article will reveal that the I . .. predictions of problems in the ' "future are based on the assumption that no changes i n ' """the financing of the program; will be made. This is unrealistic, i Congress has always taken the necessary steps to properly finance the Social Security program. The article does quote Social Security authorities as saying that no one receiving benefits now, nor anyone looking forward to retirement need have any fear for the safety of his pension. In my opinion. Social Security is one of the most enduring institutions in this country. Q. Is Medicare in trouble financially? A. The costs of Medicare have been greater than expected at the time it became law. However, the costs l a s t year and this year are less than, anticipated. Ironically, despite i Medicare trust funds' reserves have increased substantially during the last too years, primarily because costs have been less than predicted. Gridders On Reserve WASHINGTON (AP) -- Running backs Herb Mul-Key and Larry Smith were placed on the Injured reserve list Tuesday by the Washington Redskins of the National Football League. Mul-Key has a dislocated shoulder and will undergo surgery. Smith broke a leg in Sunday's game against the New York Giants. Replacing the two veterans on the 47-man squad were running back Charlie Evans fcnd rookie linebacker Stu O'Dell. WED, OCT. 23 Special Group D E C O R A T O R PILLOWS TOWN COUNTRY SOPHISTICATES · Checks, Dots, Prints · Selection of Colors Reg. ?3.98-$7.98 SALE $2.99-$5.99 Entire Regular Stock T A B L E C L O T H S By Kemp Beatley, Leacock, Textol · Ovals, Rounds, Rectangular · Solids and Patterns Reg.. $7.98--$27.98 SALE $5.98 to $20.99 Entice Regular Stock CHAIR CUSHIONS Entire Stock SHOWER C U R T A I N S By K-C Vinyl prints and solids SALE $3.19-$6.39 Magnetic Liners $2.99 · Reg. $3.98 Entire Regular Stock F I E L D C R E S T TOWELS i Solids and Patterns Terrys and Sheared Velours SALE 20% OFF Entire Regular Stock PILLOWS · Duck and Down, Fiberfill, Dacron · Standard, Queen, King Reg. $3.98 to $17.98 S A L E 20% OFF 1 Seat pads and Novelties Solids Rocker sets S A L E 20% OFF Special Purchase SPRINGMAID TOWELS · Multicolor Floral Print · Sheared Velour BATH TOWEL HAND TOWEL WASH CLOTH Prices represent savings of 25% $2.25 $1.50 $ .75 Regular Stock "FIELDCREST" B L A N K E T S THERMAL reg. $9.98 to $17.98 ELECTRIC reg. $21.98 to $49.98 · Twins · Fulls · Queens and Kings SALE 20% OFF ..r Stock B E D S P R E A D S By Bates, Kenneth, Kirsch · Plain and quilted Solids and patterns reg. $21.98 to $69.98 SALE $16.99 to $55.98 " -v fltr V 0j// c r' 0\ vi'v ' , c tK ·, /^ 3 -i tsv/ !ft. \'/'m* j Entire Regular Stock BATH A C C E S S O R I E S By FIELDCREST · 100% nylon pile rugs, tank sets, lid covers · Selection of decorator colors SALE 20% OFF

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