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A couple of nuts mL'A I University students Jon Bj& LLJ B Brownfield and Alan Kennedy Wifi 1 get people to shell out bucks SPKL'i Js! 5 for pecans. Learn how they "" & " SN: wi jumped from selling grass- - v JL. jp- - i hoppers to nuts in today's f, BR, r" r. r 0 crack article on pecans in vs 1 T" Food, Page 1B. 4l JT 76th Year No. 60 Good Morning! It's Thursday, November 22, 1984 10 Sections 70 Pages 25 Cents ! Early stuffing Thanksgiving came a day early for some youngsters in Co-lumbia Public Schools. At Rock Bridge Elementary School, first- grad- e teacher Judy Dqnney tells Evan Brightwel! where LQ Pittarson the serving line begins. Below from left, Sofie Westblom, Stacey Halterman and Annie Roller enjoy a pilgrim's feast at John Ridgeway School. I i ii M i LuAnn Brendtan gluttony sans guilt By Jim McDonald Missourlan staff writer " Beware of those foods that tempt you to eat when you are not hungry and those liquors that tempt you to drink when you are notthirsty." Socrates, 399 B. C. As we all travel home for Thanksgiving, there probably won't be any tributes to abstinence by ancient philosophers dancing in our heads. On the opening day of eggnog season, thoughts are more likely to embrace a glazed turkey with mo-ist, seasoned stuffing, melted but-ter coursing down mounds of smouldering mashed potatos and baskets fulTof steaming rolls, and pies everywhere: cream pies, pe-can pies, sweet- potat- o pies, the all- - Amencan apple pie and the all- Thanksgi-ving pumpkin pie with real whipped cream. And instead of arousing guilt complexes in this age of fashiona-ble malnounshment, these thoughts will unashamedly stimu-late nothing more than salivary 8 glands because for one day, Thanksgiving, it's our civic and pa-- I tnouc duty to consume. And consume we will, and mostly all in one sitting. It will go some-thing like this: " I've had enough. I'm full." " But look at those moist slices of white meat. Put some gravy on them." " That's it, I'm dying." " The crust on this pie is home-made and the whipped cream is See NO, Page ISA Byline by Stewart gf I After 18 years in front of the J8Hf I media, Missouri basketball f liiF l I Coach Norm Stewart tries life fcc sliPL on the other side today with Sgif igtf'' '"" tfwEr S the debute of a weekly col- - SfMF V ' j umn in the Missounan. For IgSfi " basketball insights, see SlfflRI .. SBJl 1 Sports, Page 11 A OmkSM, Day opens with traditional parade United Press International Americans throughout the nation donated food Wednesday so the needy could enloy Thanksgiving, which millions of people will begin by watching Donald Duck Scat over New York City in the tradi- tJonalpara- de down Broadway. White President , Reagan cele-brates the holiday at his California ranch, same 1,000 homeless people will be served - f- ull- course turkey dWnefls ' in Lafayette Square, across fee street from the White House. . The dinners were prepared by a groapl organized by Mitch Snyder, who several weeks ago ended a 51- - ,, ,, ' .'' Ml : JL day hunger strike to demand gov-ernment aid for a shelter for Wash-ington's street people. Reagan intervened when Snyd-er's health deteriorated. " Macy's 58th annual Thanksgiv-ing Day parade, was scheduled to begin Thursday at 8 a. m. CST in New York City and an estimated 55 million Americans were expected to watch the event in person and on television. , Hundreds of Macy's employees -- Wednesday put the finishing touches on tie eight- stor- y high floats of Donald Duck, Garfield, Kermit the Frog, Superman, Woody Wocdpecker, and Underdog, which will weave their way above Broadway. Food donations were collected by groups throughout the country, in-cluding the Paradise and Adam and Eve modeling studios in Wash-ington's red light district A sign in the picture window of the Paradise, where scantily- cla- d women often dance to lure clients, ask3 for " canned goods for the homeless." In Boston, the city's largest shel-ter expected to serve traditional turkey dinners. About 300 volunteers, some whole families with young children who have made the event a holiday tradition, were expected to spend i ft' their Thanksgiving serving Bos- ton'sjieed- y. In Augusta, Maine, junior high school students took the afternoon off Wednesday to deliver food to families unable to afford the tradi-tional holiday feast In Denver, some 100,000 people, twice as many as last year, were expected to eat holiday meals dur-ing Daddy Brace's annual Thanks-giving feed. The free Thanksgiving dinner put on by ( Daddy) Bruce Randolph Sr., 84, has been a tradition for 20 years. hi Weirton, W. Va., workers at Weirton Steel, the nation's largest employee- owne- d company on the verge of bankruptcy this time last year, planned to celebrate by help-ing others. r STATE HISTORICAL SOCIETY 1012 LOWRY VUC COLWDIA, no. WW) 1 Jj Marcos' malaise i$ Kte B Imelda Marcos says her hus- - L . , I band, Ferdinand, president of - ; I the Philippines, is not sick ' ' ' I but " just resting." Marcos ' - , I has been out of public view x& j j I for eight days and was ru- - V B mored to have had surgery. ', See story on Page 8A. I From our wire services WASHINGTON - Consumer pnces rose a modest 0.4 percent m October, the government said Wednesday, and the Federal Re-serve Board apparently reacting to the sharp economic slowdown cut the interest rate it charges finan-cial institutions. The drop in the discount rate from 9 percent to 8.5 percent, effective im-mediately, came as the government reported inflation for the year so far at 4.2 percent, while new orders to factories for durable goods declined sharply. The two reports continued to show an economy enjoying low inflation but undergoing a widespread slow-down, which has affected industrial production, housing and retail sales. The cut in the discount rate, as it is known, confirmed a shift toward lower interest rates because of the abrupt slowdown in the economy. The vote was 7 to 0 for the step to " eB5F" rw& ra move that" &. the central bank, including Treasury Secretary Donald T. Regan, have been clamoring for since before the Nov. 6 elections. The change was ef-fective Wednesday. It was the first cut in the central bank's key lending rate since De-cember 1982, when the business ex-pansion was starting. The reduction appeared to be an acknowledgement by the Federal Reserve's Board of Governors that the weakening of the economy had become a much more urgent problem than fighting infla-tion, which has been running at an annual rate of 4 percent or a little more. In a typically unadorned statement of its reasons, the board declared: " The reduction was taken against the background of growth in M-- l and M-- 2 in the lower part of the desired ranges and in the context of distinct moderation in the pace of business expansion, of relative sta-bility in producer and commodity prices in recent months, of the re-strained trend of wages and costs and of the continued strength of the dollar internationally." M- - l and M-- 2 are measures of the nation's money supply The discount rate is the interest rate that the 12 regional Federal Re-serve banks charge on loans to member financial institutions. How-ever, such borrowing accounts for a small fraction of the institutions' funds, and the importance of the dis-count rate is more symbolic than di-rect Thus while the discount rate is a benchmark for interest rates in gen-eral, Wednesday's action is not ex-pected to drive down the rates paid by consumers on installment and mortgage loans directly or immedi-ately. Nonetheless, the rate cut was widely regarded as confirming the Fed's desire to ease monetary policv further to counter the rapid slowing of economic growth On Tuesday, the government reported that the economy grew at an annual rate of just 1.9 percent m the third quarter, far below the 8 percent rate in the firsthalf of the year. Many economists and some ad-ministration officials have com-plained recently that the Federal Reserve has been holding too tight a gnp on credit in the face of a signifi-cant decline in market interest rates siflcetfcasummer." Expectations of a cut m the dis-count rate have been growing since , another key rate, that for federal funds, fell below 9 percent this week. The federal funds rate is the market rate that commercial banks charge each other on overnight loans. Such borrowings are an alter-native to borrowing at the Federal Reserve's discount " window." Nonetheless, there were some ana-lysts who believed the Federal Re-serve would wait a bit longer to cut its rate while it studied the effects of a moderate easing of credit policy in September. Analysts said Wednesday's action would be reflected promptly in a fur-ther decline in the dollar's value in the currency markets from its re-cent extraordinarily high levels And indeed m late trading Wednesday, the dollar retreated as news of the rate cut reached the market The October rise in consumer pnces, reported by the Labor De-partment, was the same as in Sep-tember. Inflation at the consumer level has run at a seasonally adjust-ed annual rate of 4 2 percent for the first 10 months of the year more than the 3.8 percent for all of last year, but much less than the peak of 12.8 percent in 1979. The Fed's dis-count rate had been at 9 percent since April. New York Tlmoa WASHINGTON - The Federal Communications Commission Wednesday ordered American Tele-phone and Telegraph and its former operating companies to reduce inter-state long- distanc- e rates and other charges by $ 178.2 million next year. The FCC's order grew out of a staff finding that AT& T's 1978 reve-nues exceeded by $ 101 million the 10 percent rate of return on interstate services allowed by the commission. The difference between $ 101 million and $ 178.2 million represents accu-mulated interest on the 1978 over-charges. AT& T said its total Bell System interstate revenues in 1978 were $ 12.9 billion. Of the $ 178.2 million, $ 48.1 million would be returned by AT& T to long-distance customers through reduced interstate charges. The rest, $ 130.1 million, would be given up by the lo-cal operating companies now in-dependent of AT& T in the form of lower hookup charges paid by AT& T and other interstate carriers, such as MQ and Sprint The FCC order did not require the ncn- AT&- T car--' riers to pass through the reductions in hookup charges to their own sub-scribers, but competitive pressures . might cause them to do so. , i The FCC decision could reduce household and business telephone bills by as little as $ 2 to as much as $ 200 for users who make many inter-state calls, according to the Tele-communications Research and Ac-tion Center, a consumer group that initiated the legal action resulting m Wednesday's commission order. Under the order, AT& T has broad i discretion to determine how the rate J reduction would be designed. 1 The operating companies were di- - vested by AT& T last Jan. 1. The : companies such as NYNEX, were covered by the order because, as Bell subsidiaries, they received a fraction of Bell's interstate reve-nues. Under the order, the reductions must go into effect no later than June 1, 1985, and will lapse when they reach the $ 178 .2 million total. An AT& T representative said there was a good possibility that the company would petition the commis-sion to reconsider its order, the sec-ond this year by the FCC involving long- distan- ce charges. In May, the commission ordered a 6.1 percent, or $ 350 million, reduc-tion by AT& T for message toll charges and access charges for wide area telephone service, or WATS lines, which took effect in June.
Object Description
Title | Columbia Missourian Newspaper 1984-11-22 |
Description | Vol. 76th Year, No. 60 |
Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
Coverage | United States -- Missouri -- Boone County -- Columbia |
Language | English |
Date.Search | 1984-11-22 |
Type | Newspaper |
Format | |
Collection Name | Columbia Missourian Newspaper Collection |
Publisher.Digital | The Office of Library Systems of the University of Missouri |
Contributing Institution |
State Historical Society of Missouri University of Missouri School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply:http://shsmo.org/research/researchfees |
Description
Title | Full Page |
Date.Search | 1984-11-22 |
Type | page |
Item.Transcript | A couple of nuts mL'A I University students Jon Bj& LLJ B Brownfield and Alan Kennedy Wifi 1 get people to shell out bucks SPKL'i Js! 5 for pecans. Learn how they "" & " SN: wi jumped from selling grass- - v JL. jp- - i hoppers to nuts in today's f, BR, r" r. r 0 crack article on pecans in vs 1 T" Food, Page 1B. 4l JT 76th Year No. 60 Good Morning! It's Thursday, November 22, 1984 10 Sections 70 Pages 25 Cents ! Early stuffing Thanksgiving came a day early for some youngsters in Co-lumbia Public Schools. At Rock Bridge Elementary School, first- grad- e teacher Judy Dqnney tells Evan Brightwel! where LQ Pittarson the serving line begins. Below from left, Sofie Westblom, Stacey Halterman and Annie Roller enjoy a pilgrim's feast at John Ridgeway School. I i ii M i LuAnn Brendtan gluttony sans guilt By Jim McDonald Missourlan staff writer " Beware of those foods that tempt you to eat when you are not hungry and those liquors that tempt you to drink when you are notthirsty." Socrates, 399 B. C. As we all travel home for Thanksgiving, there probably won't be any tributes to abstinence by ancient philosophers dancing in our heads. On the opening day of eggnog season, thoughts are more likely to embrace a glazed turkey with mo-ist, seasoned stuffing, melted but-ter coursing down mounds of smouldering mashed potatos and baskets fulTof steaming rolls, and pies everywhere: cream pies, pe-can pies, sweet- potat- o pies, the all- - Amencan apple pie and the all- Thanksgi-ving pumpkin pie with real whipped cream. And instead of arousing guilt complexes in this age of fashiona-ble malnounshment, these thoughts will unashamedly stimu-late nothing more than salivary 8 glands because for one day, Thanksgiving, it's our civic and pa-- I tnouc duty to consume. And consume we will, and mostly all in one sitting. It will go some-thing like this: " I've had enough. I'm full." " But look at those moist slices of white meat. Put some gravy on them." " That's it, I'm dying." " The crust on this pie is home-made and the whipped cream is See NO, Page ISA Byline by Stewart gf I After 18 years in front of the J8Hf I media, Missouri basketball f liiF l I Coach Norm Stewart tries life fcc sliPL on the other side today with Sgif igtf'' '"" tfwEr S the debute of a weekly col- - SfMF V ' j umn in the Missounan. For IgSfi " basketball insights, see SlfflRI .. SBJl 1 Sports, Page 11 A OmkSM, Day opens with traditional parade United Press International Americans throughout the nation donated food Wednesday so the needy could enloy Thanksgiving, which millions of people will begin by watching Donald Duck Scat over New York City in the tradi- tJonalpara- de down Broadway. White President , Reagan cele-brates the holiday at his California ranch, same 1,000 homeless people will be served - f- ull- course turkey dWnefls ' in Lafayette Square, across fee street from the White House. . The dinners were prepared by a groapl organized by Mitch Snyder, who several weeks ago ended a 51- - ,, ,, ' .'' Ml : JL day hunger strike to demand gov-ernment aid for a shelter for Wash-ington's street people. Reagan intervened when Snyd-er's health deteriorated. " Macy's 58th annual Thanksgiv-ing Day parade, was scheduled to begin Thursday at 8 a. m. CST in New York City and an estimated 55 million Americans were expected to watch the event in person and on television. , Hundreds of Macy's employees -- Wednesday put the finishing touches on tie eight- stor- y high floats of Donald Duck, Garfield, Kermit the Frog, Superman, Woody Wocdpecker, and Underdog, which will weave their way above Broadway. Food donations were collected by groups throughout the country, in-cluding the Paradise and Adam and Eve modeling studios in Wash-ington's red light district A sign in the picture window of the Paradise, where scantily- cla- d women often dance to lure clients, ask3 for " canned goods for the homeless." In Boston, the city's largest shel-ter expected to serve traditional turkey dinners. About 300 volunteers, some whole families with young children who have made the event a holiday tradition, were expected to spend i ft' their Thanksgiving serving Bos- ton'sjieed- y. In Augusta, Maine, junior high school students took the afternoon off Wednesday to deliver food to families unable to afford the tradi-tional holiday feast In Denver, some 100,000 people, twice as many as last year, were expected to eat holiday meals dur-ing Daddy Brace's annual Thanks-giving feed. The free Thanksgiving dinner put on by ( Daddy) Bruce Randolph Sr., 84, has been a tradition for 20 years. hi Weirton, W. Va., workers at Weirton Steel, the nation's largest employee- owne- d company on the verge of bankruptcy this time last year, planned to celebrate by help-ing others. r STATE HISTORICAL SOCIETY 1012 LOWRY VUC COLWDIA, no. WW) 1 Jj Marcos' malaise i$ Kte B Imelda Marcos says her hus- - L . , I band, Ferdinand, president of - ; I the Philippines, is not sick ' ' ' I but " just resting." Marcos ' - , I has been out of public view x& j j I for eight days and was ru- - V B mored to have had surgery. ', See story on Page 8A. I From our wire services WASHINGTON - Consumer pnces rose a modest 0.4 percent m October, the government said Wednesday, and the Federal Re-serve Board apparently reacting to the sharp economic slowdown cut the interest rate it charges finan-cial institutions. The drop in the discount rate from 9 percent to 8.5 percent, effective im-mediately, came as the government reported inflation for the year so far at 4.2 percent, while new orders to factories for durable goods declined sharply. The two reports continued to show an economy enjoying low inflation but undergoing a widespread slow-down, which has affected industrial production, housing and retail sales. The cut in the discount rate, as it is known, confirmed a shift toward lower interest rates because of the abrupt slowdown in the economy. The vote was 7 to 0 for the step to " eB5F" rw& ra move that" &. the central bank, including Treasury Secretary Donald T. Regan, have been clamoring for since before the Nov. 6 elections. The change was ef-fective Wednesday. It was the first cut in the central bank's key lending rate since De-cember 1982, when the business ex-pansion was starting. The reduction appeared to be an acknowledgement by the Federal Reserve's Board of Governors that the weakening of the economy had become a much more urgent problem than fighting infla-tion, which has been running at an annual rate of 4 percent or a little more. In a typically unadorned statement of its reasons, the board declared: " The reduction was taken against the background of growth in M-- l and M-- 2 in the lower part of the desired ranges and in the context of distinct moderation in the pace of business expansion, of relative sta-bility in producer and commodity prices in recent months, of the re-strained trend of wages and costs and of the continued strength of the dollar internationally." M- - l and M-- 2 are measures of the nation's money supply The discount rate is the interest rate that the 12 regional Federal Re-serve banks charge on loans to member financial institutions. How-ever, such borrowing accounts for a small fraction of the institutions' funds, and the importance of the dis-count rate is more symbolic than di-rect Thus while the discount rate is a benchmark for interest rates in gen-eral, Wednesday's action is not ex-pected to drive down the rates paid by consumers on installment and mortgage loans directly or immedi-ately. Nonetheless, the rate cut was widely regarded as confirming the Fed's desire to ease monetary policv further to counter the rapid slowing of economic growth On Tuesday, the government reported that the economy grew at an annual rate of just 1.9 percent m the third quarter, far below the 8 percent rate in the firsthalf of the year. Many economists and some ad-ministration officials have com-plained recently that the Federal Reserve has been holding too tight a gnp on credit in the face of a signifi-cant decline in market interest rates siflcetfcasummer." Expectations of a cut m the dis-count rate have been growing since , another key rate, that for federal funds, fell below 9 percent this week. The federal funds rate is the market rate that commercial banks charge each other on overnight loans. Such borrowings are an alter-native to borrowing at the Federal Reserve's discount " window." Nonetheless, there were some ana-lysts who believed the Federal Re-serve would wait a bit longer to cut its rate while it studied the effects of a moderate easing of credit policy in September. Analysts said Wednesday's action would be reflected promptly in a fur-ther decline in the dollar's value in the currency markets from its re-cent extraordinarily high levels And indeed m late trading Wednesday, the dollar retreated as news of the rate cut reached the market The October rise in consumer pnces, reported by the Labor De-partment, was the same as in Sep-tember. Inflation at the consumer level has run at a seasonally adjust-ed annual rate of 4 2 percent for the first 10 months of the year more than the 3.8 percent for all of last year, but much less than the peak of 12.8 percent in 1979. The Fed's dis-count rate had been at 9 percent since April. New York Tlmoa WASHINGTON - The Federal Communications Commission Wednesday ordered American Tele-phone and Telegraph and its former operating companies to reduce inter-state long- distanc- e rates and other charges by $ 178.2 million next year. The FCC's order grew out of a staff finding that AT& T's 1978 reve-nues exceeded by $ 101 million the 10 percent rate of return on interstate services allowed by the commission. The difference between $ 101 million and $ 178.2 million represents accu-mulated interest on the 1978 over-charges. AT& T said its total Bell System interstate revenues in 1978 were $ 12.9 billion. Of the $ 178.2 million, $ 48.1 million would be returned by AT& T to long-distance customers through reduced interstate charges. The rest, $ 130.1 million, would be given up by the lo-cal operating companies now in-dependent of AT& T in the form of lower hookup charges paid by AT& T and other interstate carriers, such as MQ and Sprint The FCC order did not require the ncn- AT&- T car--' riers to pass through the reductions in hookup charges to their own sub-scribers, but competitive pressures . might cause them to do so. , i The FCC decision could reduce household and business telephone bills by as little as $ 2 to as much as $ 200 for users who make many inter-state calls, according to the Tele-communications Research and Ac-tion Center, a consumer group that initiated the legal action resulting m Wednesday's commission order. Under the order, AT& T has broad i discretion to determine how the rate J reduction would be designed. 1 The operating companies were di- - vested by AT& T last Jan. 1. The : companies such as NYNEX, were covered by the order because, as Bell subsidiaries, they received a fraction of Bell's interstate reve-nues. Under the order, the reductions must go into effect no later than June 1, 1985, and will lapse when they reach the $ 178 .2 million total. An AT& T representative said there was a good possibility that the company would petition the commis-sion to reconsider its order, the sec-ond this year by the FCC involving long- distan- ce charges. In May, the commission ordered a 6.1 percent, or $ 350 million, reduc-tion by AT& T for message toll charges and access charges for wide area telephone service, or WATS lines, which took effect in June. |