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Show SMEAIi Page 4 i Wednesday, November 30, 1977 Utah Foundation S STILL OUT THERE Lone-Term Economic Outlook Utah Not Encouraging INTERNATIONAL Salisbury. Rhodesia The Rhodesian government govern-ment reported Monday that its troops had smashed two black nationalist bases in Mozambique, Mozam-bique, killing at least 1,200 guerillas and destroying large amounts of war supplies. Mozambique officials said the attack was a "slaughter" and placed the death toll at "more than 80." They claimed mo?t of the victims were women and children. Rhodesia's military commanti said ground and air forces launched the five-day operation Wednesday Wed-nesday against the guerillas' main base camp at Chimoio, 54 miles across the Rhodesian border, and a second camp 132 miles from the frontier in Mozambique's northwestern province of Tete. It reported one Rhodesian soldier killed and eight wounded. . Intelligence sources said bojth of the camps were strategic bases for the "forces of Robert Mugabe's Zimbabwe, African National Union, the largest of the two guerilla armies fighting to oust Prime Minister Ian Smith's white minority government. Jerusalem Israel formally agreed Monday to participate in Egyptian President Anwar Sadat's preliminary peace conference in Cairo. Carter administration officials in Washington said the United States also would be represented but added ad-ded that no public announcement would be made because it might unite opposition to the conference. con-ference. The governments of Libya and Iraq have called separate anti-Sadat Arab meetings in their capitals. i King Hussein of Jordan pleaded with the Arabs to "reunite ranks and rebuild a unified position." The Jordanian government has announced its intentions in-tentions of sending representatives to both the Cairo and Tripoli meetings. London An unidentifjHAab intends to build wnai is claimed 10 De yias most luxurious Pedrinate, Switzerland- A Well -endowed Italian woman was arrested by customs agents on the Swiss-Italian border who discovered that there was more than bosom in her bra. The agents said the woman was attempting to smuggle rubies, emeralds and sapphires worth $120,000 into Italy. She claimed a stranger had asked her to take some envelopes into Italy and that she did not know what they contained, the Swiss customs men added. NATIONAL Washington With a dock strike as the major contributing factor, the nation suffered its worst trade month on record in October. The U.S. bought $2.1 billion more in goods than it sold abroad, the Commerce Department announced Monday. The trade deficit surpassed the old record of $2.8 billion set last June and, at the current rate, the deficit for the year would be $27 billion, nearly three times the $9.2 billion recorded last year. Little Rock, Arkansas Senator John Mq-Clellan Mq-Clellan of Arkansaschairman of the powerful, Appropriations Committee and sponsor of most of the recent major anti-crime legislation, died Monday at the age of 81. McClellan, who was first fir-st elected to the Senate in 1942 after two terms in the House, passed away in his sleep in his Little, Rock apartment. His body was discovered by his-wife. his-wife. - & Omaha, Nebraska A mentally disabled veteran accused of killing one person and injuring 26-others 26-others in an Omaha night club shooting spree believed he heard voices telling him to kill, ac-B cording to police officials. n Investigators reportedly learned that Ulysses iL Cribbs had told acquaintances he often heard" voices telling him what to do and some of the voices wanted him to kill. For house for an estimatf' not include furnishr add another $9 mittr The housel tail "millionaires mft! stead, has been cr a Persian Gulf st? withheld. It will r? entrances and thr staircase will cc basement which sauna, cinema, r bedrooms, servic cars. J "It goes withoul more than two doze afford such a housed Britain should be prouo. house here like this,'' a Jlion. The cost does tttings, which may SedmLayddn's Avenue, Hamp er the brother of name is being ale and female A curved double 'rooms with the swimming pool, en, eight staff parking for six there cannot be i world who could . rvery important and it he wants to have a jkesmansaid. Washington A nationwide coal strike was virtually vir-tually assured Friday when contract talks between bet-ween the United Mine Workers and the coal industry in-dustry broke off. A strike is set for December 6V UMW President Arnold Miller . accused? mwwm epresiesH management otj$tira 1 on jcey issues wiwob r the unionized coal industry said, "It seerrfed clear the union had a break-off in mind from the time the meeting started. ". fch 1 sp Manila, The Philippines Former Senator Benigno Aquino, the Philippines most prominent political prisoner, was sentenced to death Friday by a seven-man military court. Aquino was accused ac-cused of subversion, murder and possession of firearms and was sentenced along with two guerilla leaders. The main charge against Aquino is of subverting subver-ting the republic to put it under control of an unnamed un-named foreign power. ; He is well known throughout the country for His record as a young war correspondent in the tforean War and later as a political leader of u region in central Luzon. . Surprised by the vetf ic, quino said, "This proves the mockery of tfetfjr justice. If Marcos believes I'm guilty, I wnWo(lieshot tomorrow." Washington Nearly a quarter of the members of Congress are visiting such diverse places as ' the South Pole and an African village in traditional year-end fact-finding missions, ac- if cording to an Associated Press report. The overseas trips are combination businesspleasure jaunts with most of the expen- ses covered by the American taxpayer. Panama i is one of the most travled-td places for senators trying to decide how to vote on ratification of the Panama Canal treaty while the Middle East and Cuba are the most popular spots for House i members. ' Plains, Georgia Thousands of farmers demanding deman-ding guaranteed profits had traffic into " President Carter's hometown backed up for ! three miles on Friday as they tractored to a rally j to push for their demands. Protest leaders predicted that 10,000 tractors would enter Plains and a police officer estimated t that by midafternoon that number had been , equaled if not exceeded. Some tractors carried signs bearing slogans such as: "Hell No. We ' Won't Grow," and "America Grew Up With The t Farms. Don't Let Them Die." "I'm in complete sympathy with you and I believe the President is," President Carter's cousin, State Sen. Hugh Carter, told the protestors. Although the short-term financial outlook for Utah remains excellent, the prospects for the inter mediate and longer terms are somewhat less en couraging. This was the conclusion con-clusion reached by Utah Foundation, the private research organization in their annual analysis of the condition of Utah state" finances. The report points out that expenditure increases resulting from commitments made by past legislative sessions will be placing a greater burden on Utah's future financial resources. Some of this pressure on Utah finances will begin to be reflected in the outlook for the forthcoming 1978-79 fiscal year. After basic state needs are met, there will not be any substantial amount remaining to take care of new andor -expanded state programs in 1978-79. During recent years, Utah has been able to generate surpluses, which have been used for one-time kinds of expenditures and tax reductions. reduc-tions. According to the Foundation report, it appears ap-pears unlikely that additional ad-ditional tax cuts can be made in 1978. In fact, there is a possibility that the 1978 Budget Session may be forced for-ced to raise taxes, especially for highway purposes. Utah concluded the 1976-77 fiscal year with a general fund surplus of $13.3 million and a uniform school fund surplus of $3.3 million. A special building appropriation ap-propriation from surplus, however, reduced the balance balan-ce in the general fund to $9.2 million, making the combined com-bined general fund-uniform school fund balance equal to 12.5 million. mv I Based on present revenue; projections, Utah Foundation Foun-dation estimates that the state will end the 1977-78 fiscal year with a balance of $9.7 million. At the con-' elusion of the 1977 Legislative Session, it was anticipated that there would be a balance of only $139,000 at the end of the 1977-78 fiscal year. Despite this improvement in Utah's short-term fiscal outlook, Foundation analysts indicate that the picture for 1978-79 and beyond is less encouraging. They point out that greatly increased expenditure ex-penditure commitments for retirement, local school building aid, debt retirement, and other new programs will begin to be reflected in the outlays for 1978-79 and subsequent fiscal years. The report notes, however, that this rather pessimistic long-range outlook may be altered somewhat if Utah should receive a favorable court decision with respect to the ownership of several shale oil tracts in Eastern Utah. Bonus payments in excess of $72 million are being held in escrow until the courts finally determine if title to these lands rests with the state of Utah or with the Federal Government. ; If the courts eventually award these lands to the state, Utah law would place these bonus payments into a special trust account and the earnings therefrom would help support the Utah school program. On the other hand, ; if the lands are awarded to , the Federal Government,'' Utah would receive only a reduced share of such monies which would be used -to provide loans for water projects and other com ! munity projects. 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