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»' \<»i: J. ri^VINUEAI>FR-WFr>NF.SDAY. OCTOBER 25.1»78 f Pl.AlNDIAI.FR, Editorial Opinion Women's Rights A female judge in New York recently ruled a female sports reporter had a "right" to be in the New York Yankee baseball club's locker room (showers, toilets, dressing room). So, the Yankees will now either have to bar all reporters or a female can cause real embarrassment, and infringe on others' rights of privacy. It is, an almost unbelievable decision. America, now producing an understandable but sometimes irrational women's rights push, because of real abuses in the past, must not lose its common sense in the process. The thinking process which produces most mistakes is the theory that everyone is the same, or equal, or should be treated exactly the same. People and the sexes are not equal, never have been, never will be. They are entitled to an equal opportunity under the law, allowing for custom and common sense. Hie sexes are different and the fact that they must in some cases be treated differently is not to be construed as discrimination. Eating Habits The latest estimate is that 37 cents of each U.S. food dollar today is spent for food eaten outside the home. That percentage is rising Tliis, of course, explains much of the success of fast food chains. It's also reflective of the number of women who must, or desire, to leave homes and families and take a job in a factory or business. Another factor is the smaller size of the average family. Two or three--the size of many families today-can eat out for much less than five or six, the size of so many families a generation ago. Another reason is that so many of today 's hamburgers, hot dogs, beef sandwiches, etc., taste so good! But the best food remains, as in the past, that from a home kitchen, cooked to the taste of the family lucky enough to enjoy it today. A. G. Edwards & Sons, Inc. WEEKLY MARKET REPORT October 17,1978 This past week we had a classic soap opera going on in the stock market. The captivating theme was whether or not the bad guys, rising inflation and interest rates, would overpower the good guys- cheap stocks, lots of cash, dividend increases, and other factors we have discussed, and recently added to the group of guys in white hats is an apparent congressional realization that business and capital are not one of the bad guys. After the close Friday the discount rate was pushed up to a record 84 percent and over the weekend a cut in taxes, including capital gains, was passed by the Congress. The message was clear-tune in Monday and see if good or evil conquers the hearts of investors It was a short program Monday Down over 7 points the first hour, the Dow Industrials were unable to put on anything resembling a rally and closed off 21.92 points. Volume stayed moderate which to us means more selling and less complacency to come. The broad market was not ignored as the advance-decline ratio was a very negative six to one. Like all good soap operas, we are left with a number of unanswered questions but some reasons for the swan dive are clear. Interest rate and inflation fears along with a moderately overbought market and an effortless collapse through 880-890 support combined to rout the Bulls The tax cut, of course, thickened the plot. Would reduced capital gains taxes offset the increasing mess in the money markets? For two reasons it did not: (1) The tax bill had been widely publicized and discounted in advance and (2) profits after Nov. l will be taxed at a lower rate so sellers were probably lining up while others decided to sell now and not cry later. The not so subtle message Monday was that we had reached a point where people were no longer tolerant of interest rates. Yesterday's action does not change our long term Bullish stance but it does fortify our short term caution and opinion that more work will be required at lower prices. A1 Goldman E x p o r t E x p a n s i o n Aid For State Manufacturers Six European trade specialists, dedicated to helping Illinois manufacturers expand their export market overseas, will head up an International Trade Promotion seminar Oct 31 through Nov 3 in Urbana The foreign trade authorities business leaders and professors -- from Austria, England. Germany and Den mark, are among eleven ex perts who will discuss the market potential for Illinois firms interested in exporting to Western Europe the Middle Kast Latin America and .Japan The four-day seminar, titled "Export Marketing Lessons from Europe." will be held in the Levis Faculty center and the Illini Union on the University of Illinois campus Sponsoring agencies are the Illinois State Chamber of C o m m e r c e . E x e c u t i v e Development center of the University of Illinois, the Office of-West Kuropean Studies, and the German Marshall Fund of the US For registration information, contact Nancy Blane, ISCC special projects director, 312- 372 7373 from HISTORY'S SCRAPBOOK DATES AND EVENTS FROM YESTERYEARS October 27, 1904 - The first subway to prove practical starts its operations in New York, running from the Brooklyn Bridge to downtown Manhattan October 28, 1636 -- Harvard College is founded in Massa­ chusetts October 29, 1618 -- Sir Walter Raleigh is executed in I^ondon, charged with participating in a treasonable plot to oust King James I from the throne October 30, 1938 -- \i tor Orson Welles prompts a national panic with a radio dramatization of H G Wells' "The War of the Worlds." October 31, 1864 - Nevada is admitted as the Union's 36th state. F o r Y o u r I n f o r m a t i o n Dear fri*odt How much monty it lo*t to widow* b«cou»* their husbands shut them out of financial af­ fairs? Millions of dollars or* lost - from unknown insurance policies discarded stock certificate* credit I if* insurance never claimed savings passbooks overlooked pen­ sion benefits never applied for Husbands should ocquaint their wives with such impor­ tant financial matter* Respectfully PETEPM JISTEN k CTAly FUNEPAL HOME McMtNUY, ILLINOIS - 3*5404] Roil Call Report (Your Congressmen's Vote) WASHINGTON-Here's how area members of Congress were recorded on major roll call votes Oct. 5 through Oct. 11. HOUSE Sugar Bill-- Passed, 186 for and 199 against, a bill (HR 13750) designed to bolster the sagging U.S. sugar industry by driving up the price of imported sugar. Such means as duties, import fees and possibly import quotas would be used to raise imported sugar prices closer to the price of domestic sugar. About half of the sugar consumed in the U.S. is imported. The bill would help U.S. producers while increasing the supermarket price of a five-pound bag of sugar by 1.5 cents this year and 20.5 cents by 1962. The bill, which was sent to the Senate, would implement the first major sugar act since the previous law expired in 1974. In the past four years, fluctuations in the unregulated world market have sent sugar prices in the U.S. on a roller-coaster ride. U.S. sugar growers say they now lose money on each pound of sugar cane and beets they produce, thanks to factors such as a world market glut and underselling by foreign competitors. Rep. Daniel Akaka, D-Hawaii, a supporter, said the bill "will assure the survival of the domestic industry with prices that are fair for consumers." Rep. John Seiberling, D-Ohio, an opponent, said that "wholesale food prices are taking another big increase, this is not the time for the Congress to be raising prices at the grocery store for the American housewife." Members voting "yea" favored passage of the bill. Robert McClory, R-13, and John Anderson, R-16, voted "nay." Imported Beef--Defeated, 131 for and 139 against, an amendment to benefit U.S. cattle producers by further limiting imports of foreign beef. It was proposed to the Meat Import Act erf 1978 (HR 11545), a bill that seeks to level out the boom-bust cycle in meat prices. The Bill (HR 11545) was headed for final passage and conference with the Senate. Deieat of the amendment left standing in the bill a stipulation that the U.S. import at least 1.2 billion pounds of beef annually. The amendment sought to lower the import floor to 739 million pounds. By offering a guaranteed market, the U.S. enables supplier countries such as Australia to make long-range economic decisions. Cutting beef imports generally means more income for producers and higher supermarket prices for consumers. The 1.2 billion1 pounds accounts for about seven per cent of the beef marketed annually in the U.S. Adoption of the amendment would have cut the minimum foreign share to about five percent. Rep. Charles Grassley, R-Iowa, a supporter of the amendment, said that the 1.2 billion minimum "is just another example of the unconcern for the American cattle producers." Rep A1 Ullman, D-Ore., an opponent, said that if the House lowers the floor to 739 million pounds it wll invite a presidential veto. Members voting "yea" favored further cuts of beef imports. Anderson voted "nay." McClory did not vote. Veto--Failed, 223 for and 190 against, to get the two-thirds majority needed to override President Carter's veto of the $10.1 billion public works appropriations bill (HR 12928). The veto was thus sustained. Carter had labelled parts of the bill "wasteful, inflationary" pork barrel. Supporters said the projects Carter objected to would import needed economic benefits and safety to their respective localities. Members voting "nay" supported the President's position. McClory voted "yea." Anderson voted "nay." SENATE Kemp-Roth--Rejected, 36 for and 60 against, the so-called Kemp-Roth proposal to stimulate the economy by cutting individual federal income tax rates across-the-board by an average of 33 percent. The cut was to have been made over three years beginning Oct. 1, 1978. Named after Rep. Jack Kemp, R- N.Y., and Sen. William Roth, R-Del, the measure this year has become the GOP's best-publicized economic proposal. It was proposed to HR 13511, a major tax bill later passed and sent to conference with the House. After rejecting Kemp-Roth, the Democratic majority voted approval of its own tax-cut proposals (see vote below). Sen. William Roth, R-Del., the sponsor, said "the whole point" erf his measure was to "get the country moving again by lowering the tax rates By doing so, we intend to promote savings... investment ...productivity and the creation of job6 in the private sector." Sen Russell Long, D-La , an opponent, repeated criticism voiced earlier in the House by Rep. Otis Pike, D-N.Y.: "Fiscal responsibility has been replaced by political pie in the sky. We all know that the Republican Party is in trouble, but we did not think in its death throes it was willing to sell its immortal soul." Senators voting "yea" favored cutting individual income taxes by 33 percent over the next three years. Sen. Charles Percy, R, voted "yea." Sen. Adlai Stevenson, D, voted "nay " Tax Cutr--Adopted, 52 for and 43 against, an amendment imposing additional tax cuts for taxpayers in the $10,000 to $30,000 annual income range It was attached to HR 13511 (see vote above), a bill that already had cut taxes significantly for individual taxpayers. If the language of this amendment survives a House- Senate conference and becomes law, it will cut federal taxes for persons in the $10,000 to $30,000 income range by approximately $60 or $70 annually in addition to tax cuts of approximately $100 to $300 already provided for in the bill. The amendment would cost the Treasury $4.5 billion. Sen. Dale Bumpers, D-Ark., the sponsor, said the cut amounts to "keeping faith" with people who are "the backbone, literally the stability, of the country." Sen. Russell Long, D-La., an opponent, said that the federal budget "does not have the money to cushion" the loss of $4.5 billion in revenue Senators voting "yea" favored the additional tax cut for middle- income persons Percy and Stevenson voted "yea " ERA--Passed, 60 for and 36 against, a bill giving supporters of the proposed Equal Rights Amendment to the Constitution three additional years in which to seek ratification by three-fourths of the state legislatures The House already had approved the bill, which sets June 30, 1982 as the new deadline. Proponents of ERA said that without the extra time their ratification efforts would be certain to fail The amendment says: "Equality of rights under the law shall not be abridged or denied by the United states or any state on account of sex " Senators voting "yea" favored extending the ERA deadline Percy and Stevenson voted "yea " ARE YOU NEW IN McHenry Area? Do Vou Know Someone New? WE WOULD LIKE TO EXTEND A ROYAL WELCOME TO EVERY NEWCOMER TO OUR AREA!!!!! CAU. JOAN STULL 385-5418 *0, iW.mnrrrn KNOW YOUR AREA-ROYAL WELCOME DOES IT BEST Long Range Goals For Illinois Illinois 2000, an affiliate of the Illinois State Chamber of Commerce, has completed the first phase of its fthree-year program to develop long range goals for the state's economic future. Culminating six months of deliberations by volunteer teams of 150 Illinoisans, Illinois 2000 released its preliminary report, "Alternative Economic Futures for Illinois," which contains some provoking long range forecasts and economic trends, and outlines a range of -options for future economic development. The findings were announced at a Chicago news conference by David E Connor, president of Commercial National Bank of Peoria, chairman of the Illinois 2000 Foundation, and David E Baker, executive director of the foundation. Development of long range economic goals for Illinois is an idea whose time has come," said Connor. "Illinois 2000 is a private sector program which seeks to make a contribution to the development of goals from primarily a private sector viewpoint We are cooperating in this exercise with the Task Force on the Future of Illinois, created by the General Assembly last year to examine the role of state government in setting goals for the future." Major categories the issue teams considered: economic development, jobs, growth, workforce, agriculture, urban development, energy, en­ vironment, transportation, taxes, revenue, human resources, education, welfare, health and government fiscal practices. Some of the major trends found by the Illinois 2000 analysis: Manufacturing employment will continue to decrease, while employment in the service sector will show a dramatic upswing Under current trends of slow economic growth, the Illinois economy is expected to create 1.2 million new jobs between 1975 and 2000, - In terms of business climate, the apparent ad­ vantage of the sun belt could be considerably diminished in the 1980s as increased population and urbanization of the sun belt bring on additional problems and costs, long faced by the northern states. - Compared to other states, Illinois has a moderate state and local tax burden, although it has been increasing. - State elementary and secondary school enrollments are declining to a projected level of 1.85 million students by 1985, and higher education enrollments, although they quadrupled between 1957 and 1977, are projected to decline 8 percent by 1990. • We will get older and poorer. State demographic projections indicate a 25 per­ cent increase in the over-65 population by 2000, a 7 percent decrease in persons under 20, and a 35 percent increase in families below the poverty level Many pressures, some of which conflict, are gathering to change the tax structure, in­ cluding pressure for real property tax relief at the local level that could shift the burden for many services, especially education, to the state level. - Since 1975, Illinois work­ men's compensation premiums have become the highest of the major industrial states. - Funds for rail and highway maintenance have been declining in real dollars since 1970, while freight movement use has increased - Illinois is projected to continue its recent pattern of slow economic growth. - Use. of coal for electric power generation is projected to doubie by 2000. Nuclear power is projected to provide nearly 50 percent of the state's electric power by 2000. - Farmland has decreased from 31 million to 29 million acres in the past two decades, and, based on current trend?, this yearly 100,000-acre decrease is projected to con­ tinue to until 2000. - Estimated costs to Illinois industry of work days lost through illness are staggering:- 25 million days and $1.16 billion in sick leave in 1970, projected to grow to 31 million days and $6.7 billion in 2000. "> < - Health care expenditures in Illinois could reach $109 billion by the year 2000. The volunteers mobilized to investigate the issues came from all parts of the state and represented the concerns of business, labor, agriculture, government, education, en­ vironment and community development. Limit Food Stamp Stores Assistant Secretary of Agriculture Carol Tucker Foreman has announced regulations to implement a provision of the Food Stamp act of 1977 that limits stores par­ ticipating in the Food Stamp program to those whose food sales consist primarily of staple foods. The regulations specify that over 50 percent of a par­ ticipating retailer's or wholesaler's food sales must be in staple foods intended for home preparation such as fresh meat, poultry, fish, vegetables, fruits and dairy products. The regulations prohibit the sale of hot foods ready for immediate consumption in exchange for food stamps. These requirements are now man­ dated by law. Other changes announced include a provision under which retailers found guilty of selling nonfood items in exchange for food stamps, or of exchanging food stamps for cash may be fined up to $5,000 for violation where disqualification of the store would cause hardships for local food stamp recipients In accordance with last year's law, the new regulations also require food stores to give cash instead of credit slips as change for amounts less than $1 in food transactions. "These regulations are part of a larger body of final rules to be issued next month that will establish the new Food Stamp Line McHENRY CHAMBER OF COMMERCE 38S-000 FAMILY SERVICE * MENTAL HEALTH CLINIC 3409 W. Waukegan Road McHenry 3B&-6400 PARENTAL STRESS UNE OF McHENRY COUNTY Meeting Place: McHenry County 24 hours a day, 7 days a week Call 312-463-0390 STATE CHAMBER GOVERNMENT REGULATIONS HOTLINE 217-522-5514 FEDERAL GOVERNMENT GENERAL SERVICES ADMINISTRATION 202-755-0660 Hours7:30a m to5:30p.m.weekdays (Ever had a problem involving the federal government and not know where to call? And then been given a runaround or referrals by persons who meant well but didn't know how to help? Ten specialists available at this center.) NATIONAL RUN AWAY SWITCHBOARD Illinois Phone: 800-972-6004 (For confidential conversation on problems dealing with run-away children) MOVING HOTLINE Phone 800-424-9213 (Complaints about interestate moving by companies, buses or trains. Sponsored by Interstate Commerce commission) CONSUMER PRODUCT SAFETY COMMISSION Phone 800438-2666 (For questions or complaints on products ranging from toys to ovens) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION Phone 800-424-9393 ( Answers questions about automobile safety defects or whether a particular model has ever been recalled. Valuable for those interested in buying a used car) ILLINOIS DEPARTMENT OF CHILDREN AND FAMILY SERVICES Child Abuse Center McHenry County (312 ) 546-2150 CONSUMER PRODUCT SAFETY COMMISSION 800-638-2666 (Operates five national lines Answers inquiries about, or reporting on, the safety of products from kitchen appliances to children's toys) NATIONAL SOLAR HEATING AND COOLING INFORMATION CENTER 800-523-2929 P.O. Box 1607, Rockville, Md 20650 (Dispenses information on solar systems for heating and cooling to anyone from architects to home owners looking for a sun-powered hot-water system) CONSUMER PROTECTION DIVISION 1603 N North Avenue McHenry, 111 John T Licastro (Calls from 9 30 a.m. to 5 p m - 385-1703; interviews Saturday, 9 30 a m to 12:30 p m.) hlHTHKK.HT Pregnant? >red Help? (ounnrlinp Sfrvirr. •M.'viWW. 24-hour An- • Mrrinp VnM e. f McHENRY COUNTY YOUTH SERVICE BUREAU Route 47 840 N. Seminary Avenue, Woodstock (Confidential conservation for youths with family problems, lack of communication problems or any other problems) ILLINOIS STATE CHAMBER HOTLINE Phone 217-522-5514 Answer to questions on government regulations. program based on the 1977 Food Stamp act." Ms. Foreman said "Even though these rules don't go into'effect until Jan. 1, we are issuing them now to give retailers and wholesalers time to plan for changes and make them in an orderly manner," Foreman said "Some retailers will need time to adjust com­ puter cash registers that now print our credit slips " Plan Heritage Society Antique Show And Sale The tenth annual Naperville Heritage society Antiques show and sale will be held Nov 3, 4 and 5 at Merner fieldhouse on the campus of North Central College, Naperville Friday and Saturday hours are 11 a m to 10 p m and Sunday 11 a m to 5 p.m. Good food will be available at all hours Proceeds benefit Naper S e t t l e m e n t . N a p e r v i l l e ' s Pioneer village Seri'i t e & ssion profess pire< <il •u>rv EARL R. WALSH & JACK WALSH INS. Fir», Auto. Farm Li te R»pr*»*nt inq RELIABLE COMPANIES ««I0 W Rt* 170 McMtnry J4J 1100 DENNIS CONWAY AUTO LIFE FIRE State Farm Ins. Co. I l l * W Elm St McHenry t i l I I ) 7111 DR. LEONARD B0TTARI )03 N Richmond Rd . McHenry Eveifummrt Contact Leniet ClitMt titted Mon T ut\ T t t u r t . F r i . 4 t p m Tuti Thuri Fn 7 t p m Sal . • 10 to J 00 Ph MS 4151 or )«S JJ43 McHENRY COUNTY OFFICE MACHINES SALES service a rentals Mon Sat » $ JO Fr iday t i l * 00 »J Grant St . , Cry i ta l Lake Pt> «»• IJJ4 McHenry Telephone Answering & Letter Service • Answering Service • Cor, Telephone £ Paging Service • Complete Mimeographing & Printing Serivco • Typing & Photocopying •HI SiALTORS Farm Equipment George P. Freund, Ine. Cote • New Holland 4102 W Crystal Lake Rd McHENRY Bus. 385-0420 Res. 385-0227 Ph. 385-0258 3932 W *•. 120 McHenry "GATEWAY TO YOUR FUTURE" CALL U$ (815) 385-4810 II R E L IT RADIAL TIRES FOR ALL CARS Europa Motors, Inc 2 3 1 8 R t e . 1 2 0 8 1 5 - 3 8 5 - 0 7 0 0 m • W our quick quick-action copy center. FINEST QUALITY COPIES MADE ON XFR0X EQUIPMENT See us, also, for every kind of Printing Need1! MCHENRY PRINTING SERVICES 3909 W MAIN 385 7600 4 NEW TRAILERS ustB HILLSBORO t OWNES DUMP-FLATBEDS-CAR HAULERS S A Stidham Horse & Cattle Trailers L Plus A Compl*t* Lin* Of Brad*n Winch** ' ADAMS ENTERPRISES 3017 W. Rt*. 120 McHENRY, ILL. S15 M5-5970 A 4 S SPORTS EQUIPMENT CO. •Name Brand 4211 N Dennis Blvd (Sunnyside) •] Shirts Uniforms McHenry, III. 600W •Imprinlini nu uatoa2usts >11 Sports Equipment MS Sk H * CJ %