Banner Graphic, Volume 16, Number 117, Greencastle, Putnam County, 31 December 1985 — Page 2

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The Putnam County Banner Graphic, December 31,1985

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White House predicts 4% economy gain

WASHINGTON (AP) The Reagan administration, whose economic projections for 1985 turned out a shade optimistic, is renewing its forecast for a healthy 4 percent expansion in the national economy for 1986. White House economic advisers, releasing in advance the economic assumptions that will be plugged into the president’s February budget request, also predicted a modest increase in inflation in 1986 by nearly 1 percentage point. Economic growth for 1985, measured by the increase in the Gross National Product minus the effects of inflation, is now estimated at 2.8 percent. The administration had initially forecast 4 percent growth for 1985, then scaled back the target to 3 in midyear as the economy performed sluggishly after a rousing 6.6 percent GNP growth the year before. Beryl Sprinkel, chairman of the White House Council of Economic Advisers, conceded Monday that new forecast was optimistic, but called it “realistically optimistic.”

'Wipe 'em out', Reagan says of terrorists PALM SPRINGS, Calif. (AP) - While President Reagan vacationed with longtime friends in this desert resort, his administration offered its support to any nation that can find and wipe out the terrorist group that killed five Americans in coordinated attacks on the Rome and Vienna airports. After initially cautioning against a retaliatory strike, the White House called Monday for “an appropriate, measured and focused” response against those responsible for the attacks in which 18 people died, four of them terrorists. Presidential spokeman Larry Speakes, saying that Libya is believed to be harboring the leader of a radical Palestinian splinter group suspected of masterminding the raids, said the United States is seeking allied support for unspecified action to punish the Libyan government of Moammar Khadafy. Briefing reporters in Palm Springs where Reagan played golf and dined with many of his old friends from California, Speakes said of those involved in planning the attacks: “If we can find who they are, or if another nation can find who they are and they attack ’em, wipe ’em out, that’s fine with us.” Explaining his abrupt departure from the initial U S. stance, Speakes said. “We have always been firmly opposed to an escalating cycle of violence which contains the seed of broader and more devastating hostilities. In that context, we have urged and will continue to urge all states to avoid taking actions which would only feed that cycle.”

Banner Graphic (USPS 142-020) Consolidation of The Daily Banner Established 1850 The Herald The Daily Graphic Established 1883 Telephone 653-5151 Published daily except Sunday and Holidays and twice on Tuesdays by Banner Graphic, Inc. at 100 North Jackson St., Greencastle, IN 46135. Secondclass postage paid at Greencastle, IN. POSTMASTER: Send address changes to The Banner Graphic. P.O. Box 509, Greencastle, IN 46135 Subscription Rates Per Week, by carrier *l.lO Per Month, by motor route ‘4.95 Mail Subscription Rates R.R. in Rest of Rest of Putnam County Indiana U.S.A 3 Months *17.40 *17.70 *19.00 6 Months *32.25 ‘32.80 *36.70 1 Year *63.00 ‘64.00 *72.70 Mail subscriptions payable in advance ... not accepted in town and where motor route service is available. Member of the Associated Press The Associated Press is entitled exclusively to the use for republication of all the local news printed in this newspaper.

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He said that continued expansion in consumer spending, a gradual improvement in the nation’s trade accounts and a further decrease in interest rates because of government deficit reduction will keep the U S. economy humming. However, many private economists are projecting slower rates of growth for 1986 David Wyss, chief economist for Data Resources Inc., a Lexington, Mass., forecasting firm, said he expects the economy to grow at closer to 2 percent next year. “They’re exaggerating both growth and inflation,” Wyss said of the new White House forecast The economic forecast for calendar year 1986 was issued jointly by Sprinkel,nTreasury Secretary James A. Baker 111 and Budget Director James C. Miller 111. It projects a slight rise in inflation in both 1986 and 1987 to 3.8 percent in 1986 and 4.1 percent in 1987 combed with an estimated 2.9 percent for 1985, based on

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William Schroeder, the longest living artificial heart recipient, has been making excellent progress since suffering a third stroke, a spokesman at Humana Hospital in Louisville said Monday. The 53-year-old Jasper, Ind., native, shown

Social Security payroll tax up 10 cents on New Year's Day

WASHINGTON (AP) The Social Security system will take an extra dime from every SIOO that the average worker earns starting on New Year’s Day. The payroll tax will rise from 7.05 to 7.15 percent when the new year rings in. That means that $7.15 will come off the top of every SIOO that most American workers earn, with their employers kicking in an equal amount. While workers will find their paychecks a tad lighter in 1986, Social Security’s 37 million beneficiaries will find their monthly benefit checks 3.1 percent fatter starting Friday. Four million aged, blind or disabled poor people who get Supplemental Security Income will also get a 3.1 percent cost-of-living increase in their checks, which are being delivered today, a day early due to the holiday, Social Security spokesman James Brown said. The one-tenth of a point rise in the payroll tax rate translates to a 1.4 percent tax increase for employees. The selfemployed will be hit with a 4.2 percent increase in their Social Security taxes, as

during a visit by his wife, Margaret, is now able to sit in a chair part of the day and has begun physical rehabilitation in his room. Schroeder received his Jarvik-7 heart on Nov. 25, 1984. (AP Laserphoto)

their tax rate climbs from 11.8 percent to 12.3 percent. And for those workers who make more than $39,600 a year. Social Security’s slice of their paychecks will be even bigger. The payroll tax cut off at $39,600 in 1985, but in 1986 it will apply to earnings up to $42,000. The maximum tax on employees will be $3,003. which is $211.20, or 7.56 percent, higher than this year’s maximum. Almost 9 million workers paid the maximum tax in 1985. About 7 million are expected to pay the maximum in 1986. The 31 million elderly or disabled workers who qualify for Medicare will face higher deductibles and co-insurance payments for their hospital stays in 1986. But for a change, there will be no increase in the monthly premium the Medicare recipients must pay for the socalled Part B of Medicare covering physicians’ bills and other out-of-hospital expenses. The premium, deducted from their monthly Social Security check, will stay frozen at $15.50 a month due to surpluses in the system’s accounts. The average SSI monthly payment for an individual will rise by sll to $336. and for couples by sl6 to $504. But about half the SSI recipients also get Social Security, and as their retirement benefits go up, many will find their SSI checks reduced. The 3.1 percent benefit increase is the smallest since Social Security benefits were linked to the Consumer Price Index in 1975. It will boost the average payment for retired workers by sl4 a month to $478. For elderly couples, the average benefit will climb to $Bl2 a month, a $24 increase.

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an inflation calculation built into the GNP figures. Short-term interest rates will rise a bit in 1986 before resuming a decline that began earlier this year, the forecast said. In a related development, a spokesman for the Office of Management and Budget said Monday it now appears a near certainty that the first budget cuts under the new budget-balancing act amounting to about $11.7 billion —will take effect in 1986. Edwin Dale told reporters that budget officials anticipate the deficit for 1986 will be at least S2O billion above the $171.9 billion mandated in the new act, triggering the automatic cuts on March 1. The reductions are to be divided equally between defense and non-defense programs. The OMB and the Congressional Budget Office won’t release the deficit figures until mid-January, but Dale said that it seems a safe bet those calculations will show a deficit remaining in the vicinity of S2OO billion.

Members of The Order face prison SEATTLE (AP) A member of the Nazi-like group The Order wants “exile to any white nation” for himself and others of the 10 white supremacists who were convicted of waging a bloody, racist revolution against the United States. An all-white jury deliberated two weeks before convicting the defendants Monday of conducting a criminal conspiracy in 1983 and 1984 that encompassed two murders; bank and armored-car robberies totaling more than $4 million; counterfeiting and arson. David E. Lane, the only defendant who returned calls late Monday from the Pierce County Jail in Tacoma, said the others did not have any comment. “We will ask for exile to any white nation that will have us and let us live among our own kind,” Lane said. He said he spoke on behalf of most of the defendants but did not identify them by name and refused to say which nations he had in mind. The jury returned convictions on 38 of 44 racketeering counts brought by prosecutors. “It was the only decision we could make based on the evidence,” said jury forewoman Mary Ball. The defendants’ “beliefs and all that were never part of it,” she said. At least three defense lawyers said they would appeal the verdicts, which found all 10 defendants guilty of conspiracy to racketeer, and six of them guilty of other federal offenfes. The defendants showed little reaction as U.S. District Judge Walter McGovern read the verdicts. Defendants Andrew Barnhill and Ardie Mcßrearty winked as they left the courtroom, while Randall Evans said “Christ is king.” The defendants face maximum prison terms of 40 to 155 years when they appear Feb. 6-7 before McGovern, who presided over the federal trial. Defendants convicted only of racketeering and conspiracy face up to 40 years in prison and $50,000 in fines. Randolph Duey was convicted of 11 counts, the most of any defendant. Other defendants were Bruce Pierce, Gary Yarbrough, Richard Kemp, Frank Silva and Jean Craig. Their goal, prosecutors said, was to overthrow the government, eliminate Jews and racial minorities and establish an Aryanrities in Rome believe the terroristsO Racketeer Influenced Corrupt Organizations Act, jurors had to find that the individual committed two separate crimes, or “predicate acts.” In Ms. Craig’s case, jurors had to consider her involvement in the machine-gun slaying of Denver radio host Alan Berg. Pierce was accused of pulling the trigger, Lane of driving the getaway car and Ms. Craig of doing earlier surveillance in the Berg killing. Pierce and Duey were convicted in a $43,345 armored-car robbery in Seattle on March 16, 1984, and Pierce, Yarbrough, Duey, Kemp and Barnhill were convicted in a $536,000 Seattle armored-car holdup April 23,1984.