The Daily Banner, Greencastle, Putnam County, 31 October 1966 — Page 3
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Tax Boost Seen Needed To Avoid Depression In Housing In 1967
(By John Pierson)
By United Press International
WASHINGTON (U P I) — ( Housing is in for another bad year in 1967, unless there’s a
tax increase.
That’s how the F. W. Dodge Co., a leading analyst of construction activity, sizes up the
year ahead.
I
The war in Viet Nam turned • the expansion into an all-out boom. When President Johnson failed to recommend a tax hike ’ to tame it, the federal reserve ~ r board used the only anti-in-flationary weapon at its command — tight money. • But tight money, which was intended to slow the pace of business capital spending, in- - stead forced lenders out of mortgages and into higheryielding business loans. BeV tween March and July housing ■ starts dropped by a third. “If we continue to rely heav-
i' ily on monetary controls, inter- - est rates will remain very high ^ and money extremely tight all ' through 1967,’’ Dodge says in its annual report on the construction outlook. “In that climate, housing will remain depressed. “On the other hand, if more use is made of fiscal controls to deter demand — specifically, if corporate and personal income taxes are raised — it will be possible for the monetary authorities to permit a reason- * able expansion in the supply of credit. “And as this easing takes place, there will be a gradual return flow of funds to the mortgage market and a slow but steady recovery in residential construction throughout 1967,” Dodge says. No Big Change But even if taxes are raised and money eases, don’t look for a big change in housing. “The improvement in houst ing outlook will be small, at . best.” Dodge says. Even with a tax increase, “there’s little prospect for a sudden reversal” of the Federal Reserve’s tight money policy. If it comes at all, the 1967 recovery will come late in the
year and will recapture "just a small part” of this year’s loss, Dodge says. Dwelling units will rise about 2 per cent. But a larger share of the units will be single-family. That’s because congress in sus-
pending some of the fast tax write - offs that apartment builders have relied on. The higher proportion of single-family homes will boost the value of homebuilding next year by more than 5 per cent, Dodge says.
Flower Arranging Yen Blooms In Hobbyist, 83
By ROBERTA ROESCH Dear Readers: As a follow-up on our columns on women in search of a new life at 80, here’s another inspiring woman whose request for information again illustrates that you are never too old for new opportunities when you keep looking ahea4. Dear Roberta Roesch: Will you please send me the titles of some informative books on flower arranging? I am 83 years old and want to try this as my newest hobby. Mrs. J. S. L. On The Way Dear Mrs. J. S. L.: A list of titles is on its way to you. Happy arrangements. Dear Roberta Roesch: I am a 30-year-old wife. Two of my children are in school, and my four-year-old is still at
home.
At the present time my husband works swing shifts every week, so I can’t take a job unless I can work during the time he doesn’t. Do you think it would be possible for me to seek some kind of job for a few hours a day in temporary employment ? Adjustable Hours? Also, do you think there is a chance that arrangements could be made for me to adjust my working hours to those of my husband’s ? I worked in a bank 10 years ago, so I am familiar with office procedures. Mrs. M. M. Dear Mrs. M. M.: The temporary employment field is practically custom-made for a woman with your skills. I have heard of several cases where women have been able to find assignments where they
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have a working arrangement in which they’re permitted to change their schedules to adjust to the hours husbands work. In other cases, women with situations similar to yours arrange to work only during the weeks that the husband is home during the day to care for the
children.
By RICK DU BROW HOLLYWOOD UPI—It has long been a comment of many television people that the rapid expansion of satellite communications will someday make it possible to watdh a war “live” in one’s home. With the imminent launching of a Pacific satellite, scheduled for today, the predictions suddenly become immediate as many viewers wonder whether the near future will actually find “live” video broadcasts of the Viet Nam war beamed directly into American homes. After all, a guest speaker recently told a radio-television meeting in Chicago: “It is not
airwaves. This, says McAndrew, is the general situation in the case at hand.
The networks are probably more aware of the enormous sensitivity of the problem—and the matter of taste—than any-
one. At the moment, says Me- j was taken, authorities explain Andrew, the chief upcoming ad-1 ed, to prevent the prisoners
20 Under Arrest, Weapons Seized NEW YORK UPI —As a security measure, 20 ultrarightist Minutemen were jailed in widely scattered police precincts today pending Grand Jury action into a fantastic plot to destroy left-wing “study ramps” in three northeastern
states.
The extraordinary precaution
vantage for television’s Viet Nam coverage because of the satellite development is simply the time saved in the quicker transmission of material from
the Far East.
camps” in three during the night.
northeastern
Viet Nam as yet has
The arrests came Sunday after a series of police raids in which “tons” of weapons and ammunition were confiscated as no the result of a 10-month investi-
Tht DafTy Bannar, Braan—sfta, fndfana Monday, Octobar 31, 1966
ground station, which of course would allow material to be beamed to America via satellite
gation into the extremist organ-
ization.
The arsenal included more
too far in the future that the | —the way the Early Bird satel- | than one million rounds of am-
so-called ‘armchair strategist’ will be able to watch a war actually being fought from his chair in the living room”—de-
Since you live in a fairly large pending upon “whether or not society is ready for it.” And a network told the meeting “live coverage from the battlefields of Viet Nam will be a technical possibility” within
a year.
Predictably, the black humor satires soon began to appear along with the obvious wisecracks. And some distraught parents of boys serving in Viet Nam have wondered whether they would have to face the ordeal of possibly seeing their sons killed before their eyes. What, actually, does this latest satellite development mean? How will the television Viet Nam coverage be affected? According to William R. McAndrew, president of NBC
She Wants To Take Up Flower Arrangements As New Hobby city, I suggest you make a list of the temporary employment agencies in your area. Then pay
each one a visit. List your abil-1 News> the editing process—a
ities and skills, explain the working arrangement you will have to make, and see if any temporary agency can match
your needs with its own. OPPORTUNITY T H OUGHT
FOR THE DAY: Your brain just “marks time” when you refuse to use it to seek new op-
portunities.
critical factor often overlooked because of television’s frequent use of the word “live”—should allay many fears. For “live” in television often refers in reality to “live-on-tape” material which is subject to scrutiny, discussion, handling and editing before it gets on the
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Elect ALBERT SOLOMON Republican COUNTY ASSESSOR
• Four Year Veteran of W. W. II • Four Years Experience As Twp. Assessor • Estate and Private Matters Held In Confidence Your Vote Appreciated
lite sends news from Europe on occasion. However, film flown from Saigon to Tokyo—which then would transmit it via satellite—certainly is a faster ar-
munition, 150 high-powered rifles, 11 machine guns, bazookas, mortars, and grenades, brass knuckles, machetes, crossbows, garroting nooses, rocket launch-
material seized in this area in the memory of veteran lawenforcement officers,” said Queens County Dist. Atty. Nat H. Hentel. The prosecutor said the prisoners were members of three bands of six or seven Minutemen who were picked up “after they already had embarked on this operation to devastate these camps,” identified only as privately owned and located in New York, New Jersey and Connecticut. Hentel added, however, that the militantly anti-Communist Minutemen organization had dedicated itself to destroying “Communist, left wing and liberal” facilities. Six of the prisoners were picked up in a Queens diner early Sunday morning disguised as hunters and preparing to leave for upstate New York, allegedly to attack a camp.
She's A Lulu BAN FRANCISCO UPI — Little Lulu, a doe-eyed Jersey and two other cows helped fivetimes world milking champion Bernard Souza win again by giving 11 pounds 9 ounces of milk at the Grand National Livestock Exposition. Little Lulu assured Souza’s title by kicking over the milk pails of two rivals in the finals.
rangement than an airplane i ers, pistols, steel helmets and flight to the United States. j camouflage suits.
I “This is the biggest hf.ul of weapons and death dealing
McAndrew, thus, feels that
the technical development is not likely to alter the content or increase the use of Viet Nam ma* terial out of proportion to the j way it is today; that is, certainly not on routine matters. Quite naturally, the technical capability for quicker access on major events is about to have some effect on the amount of cover-
age at exceptional times.
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VIRGINIA DENNY M11LL1S DEMOCRAT CANDIDATE Virginia Denny Mullis, Democrat candidate for Putnam County Recorder. She was graduated from Greencastle High School and Central Business College. She now lives in Monroe Township, where she and her late husband, Kenneth Mullis resided. Virginia has had eleven years office and secretarial experience in Greencastle. She is the mother of two children, Lynn, now a student in Purdue University, and Howard, a student in Bainbridge High School. She is a member of the Bainbridge Christian Church. If elected, she will conduct the office in a courteous and businesslike manner.
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