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University Daily Kansan Wednesday, Nov. 6, 1963
OLD AND NEW—The old and the new styles of circulation desk stand side by side during the remodeling of Watson Library. The new desk will be the future reference desk on the third floor. An identical desk on the opposite side of
the room will be for general circulation. The area where the old circulation desk now stands will be an open lobby after remodeling is completed.
US Economy Surges Upward; Recession Talk Begins to Fade
WASHINGTON, —(UPI)— The U.S. economy is barreling along today at a pace that confound some of the pessimists of a few weeks ago.
If there is a recession in the immediate future, it seems to be well hidden in the charts—those documents with the wavy lines and the long columns of numbers, pieced together by economists searching for clues to the future.
Right now, just about everything seems to be coming up optimism.
PRESIDENT Kennedy's council of economic advisers keynoted the happy theme this week by estimating the Gross National Products (GNP)—the total estimated value of all goods and services—at $588.5 billion for the three-month period ended in September. It was the biggest quarterly jump in 21 months.
And there are reasons to feel that the forces that fashioned the healthy third quarter will continue pumping vigor into the economy for the remainder of this year and on into 1964.
Recession talk that was prevalent as recently as two weeks ago is beginning to fade. The administration still feels President Kennedy's $11 billion tax cut is vitally needed, but there is less emphasis on its role as an anti-recession device in 1964.
THE THIRD quarter GNP rocket- ted to a new high mainly because of spirited consumer and business spending.
Government studies indicate that continued rising incomes, will help maintain the consumer spending spree for the remainder of 1963.
Two important contributions also are expected from the recently enacted military pay increase and the second stage of a federal civilian pay raise. Actually, the civilian increase won't go into effect until early next year, but economists reason that the consumer-assisted by charge-a-plates, credit cards and human nature—will be spending in advance during the Christmas season.
Business spending for new plants and equipment also shows sign of staying up, on the basis of industry plans outlined six months ago. It probably will not jump as high as the third quarter but it is expected to continue playing a vital role in propping up the economy.
About next year. There are two favorable signs that
are causing some limb-climbers to predict a healthy 1964.
The auto industry opened its new model year this month with sales reports that suggest a boom year for car sellers. The first 10 days of the month exceeded the corresponding 10 days in October of last year which the industry at that time felt was "tremendous."
The auto industry is one of the main arteries in the economy. When it is in a robust state, some of its vitality is channeled off to all of the other business sectors.
ALTHOUGH there is still no advance information on next year's business spending plans, the feeling is that the news will be good. Rising profits and consumer incomes are expected to keep business in a mood to expand.
The more conservative economists, who see the trends as "mixed," usually point to three other elements of the economy which are less optimistic.
One is the still high unemployment rate. Retail sales also slipped in September, and industrial production just about held even after dropping in August for the first time this year.
A telephone interview of a number of foreign students last night revealed opinions of these students range from disinterest to enthusiasm about the game.
Foreign students at KU have widely varying opinions of football as it is played in America.
ON THE POSITIVE END of the scale was Rab Malik, Pakistan graduate student. Malik said he was a football fan.
Football Perplexes Students
"When I first came here," Malik said, "I didn't know too much about the game. Since then, however, I have learned much about the rules and scoring of football, and I have grown to really love the game. In the four years I have been here at KU, I haven't missed a single home football game. When the team is out of town, I listen to the games on the radio.
Some of the foreign students,however, do not share Malik's interest.
WHAT'S NEW IN THE NOVEMBER ATLANTIC?
"The Eisenhower Administration: A Self Portrait"' An assessment by historian Oscar Handlin, based in part on like's new book, *Mandate for Change*.
"Book Censorship in Paris"; Peter Lennon reports on the rigid censorship of books and magazines in France.
"The Moment"; A poem by Peter Davison, this year's winner, Yale Series of Younger Poets.
"The Nobel Prize Winners" : A satire on American industrial research companies and their status-mongering, by W. J. J. Gordon.
PLUS AN ATLANTIC EXTRA "Blame Me on History": South African Negro journalist, Bloke Modisane, tells of his bitter struggle to maintain integrity and self-respect.
Every month the Atlantic provides a platform for many of the world's most artistic and creative men and women. The result is always entertaining and informative, often brilliant, occasionally profound. More and more, the Atlantic is finding its way into the hands of discerning readers. Get your copy today.
Convenience is a Garbage Disposal
And at such a modest cost . . .
One or Two Bedrooms $75 and $85
These units have been newly decorated — with new drapes, carpets disposals, etc. All Units Air-Conditioned Provincial Furniture Available
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Ph. VI 2-3416
"I DON'T REALLY CARE too much for football." Milagros Yumang, Philippines sophomore said. "I've never really tried to learn the tactics of the game. I am indifferent to it."
1912 W. 25th
Day or Night
"I know very little about the game," John Bodougoulou, Greece senior said. "I can't make a very objective statement about football because I don't really know much about it.
Many of the foreign students who dislike football said the reason they did not care to attend the games was because they did not understand the plays and rules of football.
THE DICK GREGORY SHOW
with Vince Guaraldi Margie McCoy
"Makes you wonder. When I left St. Louis, I was making $5 a night. Now I'm getting $5,000 a week—for saying the same things out loud I used to say under my breath"
... Dick Gregory
8:00 p.m.
Saturday, Nov. 16
Hoch
Auditorium
Tickets $.75 - $1.00 - $1.25