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Show Thursday, August 4, 1977 Ben Lomond Beacon Saving rate lowest in Gift Gallery enlarges S i ore U.S. 7 despite wealth trouble savin? Having money? Finding it difficult to put a little away for a rainy if- At day? If the answer to both of the d above questions is we suspect it is it might I ; interest you to know youre not alone. In fact, our entire nation is in much the same fix. According to Robert F. Dee, Chairman of the Board and Chief Executive Officer of SmithKline Corporation, the U.S. saving rate is the lowest of all the nations of the industrialized world except for Great Britain. FACILITIES HAVE been This despite the fact that expanded at the Qift (gallery in North Qgden. Shovyn herp is the pew book section featuring a wide variety of LDS books. we have about the highest per capita income in the world. We have the money to set aside for saving, and we have strong desire to save. But what we totally lack is any incentive from our government that will make saving a sound investment rather than an economic sacrifice. Saving is not only important to us as individuals; its vital to the economic We health of our nation. need consumption of course; it makes the wheels of our Mr. economy spin faster, Dee notes. But we also need benefits from low income housing subsidy amount Denefits or how much is owed savings to get the capital to made their income too high. Utahns. housing subsidies be counted feed the fires that run the when income as figuring Individuals who received In some cases, individuals Savings-persoengines. food stamps but had to pay a will receive a cash seteligibility for food stamps & corporate-a- re the energy That policy has been higher purchase price tlement. In other cases the because of the inclusion of the reversed, Roy Cooper expurchase price of the stamps HUD housing subsidy as will be reduced till the plained. Utah residents may apply income may also be eligible. retroactive benefits are made for benefit lost to them if they Cooper said the Departup, he said ment has no way to tell just applied for food stamps after He stressed that not all how many Utahns may be August 5, 1974 and were who participated in persons denied stamps because the eligible for the retroactive HUD programs are eligible. Individuals must have applied or received food stamps and been involved in one of the five programs: Section yes--an- i areas '-- U enlarge their book department to better serve the residents of the area. They now have full lines of LDS books, Genealogy supplies, missionary supplies, cook books, storage, etc. bll J Refroocflive besieffi'S's be eavcailoibSe some Some Utahns who have participated in the federal Department of Housing and Urban Devlopments housing subsidy programs may be eligible for retroactive benefits, the Director of the Utah Department of Social Services Office of Assistance Payments said. In the past, federal regulations required that the nal Par-cours- (CETA). The Parcouse is being developed by a crew of eight, under supervision of John H. Knight, WSC instructor of health, physical education and recreation. The course is located east of Skyline Drive. It begins at a point east of the WSC stadium, and winds northward through heavy oak brush to two retention reservoirs of the Pine View stardistrict, then loops back to the ting point. Mr Knight said the course will be 22 feet wide, and will be covered with lightly compressed redwood chips to reduce jarring of joggers. The course will have 18 exercise 221, Mortgage exercises-su- ch as enable users to develop all parts of their body. They may select to use all exervise stations or several of them, or none of them, and just use the facility as a jogging trail, he push-ups-wi- said The trail is up and down gentle slopes, with oak brush concealing nearly the entire length of it The course should be of strong appeal to use by all members of the family as a family activity, the superviser said The Parcourse can also be used by cross country skiiers. It will be the first developed in the Inermountain e country, Mr Knight said is a French term meaning Par-cours- course, located and such facilities are in several foreign and in 20 other states San was the first U S. city to developed Rent Program; stations located at intervals, Mr Knight said. At each station will be a set of instructions for participants to follow The of the free market system. A sound economy must strike a good balance between saving and spending And yet the tax policy of the U.S. government is time, Mr. Dee points out, for in line with the relief us to mount a letter campaign provided to citizens in other to our elected representatives countries. Lets all write today Weve asking for a better deal for savers. got to make it crystal clear in Heres what we can say: Washington that the savers of Our tax laws should be this country-n- ot the clearly biased against thrift. the real heroes of reformed to encourage Contrast our government saving. The federal tax now our economy. For further information policy, offering only a few imposed on income from feeble incentives to would-b- e contact, Jeremy Heymsfeld-(2- 15 personal savings and savers, with the policies of other nations that have ex-cellent rates of saving. All of them, Mr. Dee says, have government programs to encourage thrift. Most of them have a variety of tax incentives-peop- le dont pay taxes on some or all of the interest earned or dividends received. I some countries, 825-166- 6 like WestGermany, citizens actually get a cash bonus for saving a certain amount each year. The outlook for savers in the United States, on the other hand is bleak. Our savings are not only eroded by inflation but we also have to pay income tax on our earnings. NORTH OGDEN PLAZA Now, however, we have a good chance to repair our tax structure-t- o make it into one that strikes a better balance of our enlarged book department will be held between saving & spending. Thursday, Friday, Saturday and Monday. Free In the fall, members of gifts, values to $5.00 with every purchase of Congress will consider the $3.50 or more. Presidents tax reform proposals. This is the perfect spen-ders-ar- e 8 1 Classified Ads bring results. Call today GIFT GALLERY! GRAND OPENING CARRIERS NEEDED for the Beacon Advertiser. Routes run from 2nd street in Ogden to Hot Springs in Pleasantview. Contact George Elmer at for details. Parcourse planned by Weber State College Weber State College has obtained e federal funds to develop and in foothills east of campus for use as a jogging physical fitness facility by college and community. course is being The prepared through an appropriation of $34,292 from the Emergency Jobs Program of the Comprehensive Employment and Training Act stock countries Francisco have one 782-913- 1 Supplement Section 235, Assistance Payment; Revised Section 23, Leased Housing, Section Assistance 8, Housing Payments Program, or Section 236, Interest Subsidy' Program. Cooper said individuals who currently receive food stamps or participate in other Assistance Payments administered programs will be notified of the retroactive benefits during their regular six month review Individuals who think they might be eligible for the retroactive benefits should call the Assistance Payments Office where they originally applied for food stamps If you no longer receive food stamps but did receive them during the eligibility period and meet the HUD program requirements, call the Assistance Payments Office where you were receiving stamps PRE-OPENIN- G SATURDAY AUGUST 6TH 9 am to! pm ALL SEASONS HOME CENTER North Ogden Plaza 1 8S4 No. 400 East GREETING CARDS Vz PRICE HOUSE PAINT Interior and Exterior latex, semi-glos- Vz PRICE WESTINGHOUSE FREEZER CANDY BARS 10-- 99 Upright 20.1 cubic foot. Model FU208R. Reg. $449.00 AS IS LIGHT FIXTURES 60 OFF 4 WESTINGHOUSE refrigerators! 17 cubic foot, model RT174R. white, 1 avocado. 38900 GIFTS & KNICKNAICS 100 solid state Model GA690 Reg. $589.00 ALL 3 100'S OF OTHER ITEMS AT SPECIAL SAVINGS 2 PRICE 25" RCA COLOR TV o 25" RCA COLOR TV 1 00 solid state Model IGU790 Reg. $779.00 48500 Reg. $495.00, 34S00 .. 25" RCA COLOR TV 0 0 SCHOOL SUPPLIES Vz PRICE enamel, 782-875- 57500 OTHER TVS COLOR AND BLACK AND WHITE ARE PRICED AT SIMILAR SAVINGS 0 100 solid state Model GU 725 |