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I am not an expert on old olys but it sounds like you want to set tabs in the middle of the page. First go to the Right margin, press the MAR REL key, space to desired R. margin location, press R. margin key. Space or backspace to desired location, press TAB SET at desired locations.
It is usually that the printwheel is in wrong. Make sure the pw does not have any bent "petals" on it making it bind. After it snaps in and closes it should go to it home position. If not keep trying a couple of more times and it should seat in.
Hello- Of course the cheapest fix, is to try a second ribbon. If you need one we have them at FJAproducts.com
Most often the reason the ribbon cassette will not stay in place is due to not being seated properly. I am sure you have taken it out a few times and re installed it, but that is "normally" the only reason it "jumps up" one more thing to check in the lever near the daisy wheel. if it got bumped or unlocked the daisy wheel your ribbon will not seat properly.