Page 8 University Daily Kansan, October 8, 1981 British lecturer compares By FAM ALLOWAY Staff Reporter The similar Reagan and Thatcher economic policies have come to represent the "two slowest growing economies in the modern world," John Burton, an industrial economics lecturer from England, said last night. Burton, a lecturer at the University of Brimingham, England, and currently the Nuffield Foundation Social Science Research Fellow, accented the similarities in the economic policies of Thatcher and Reagan in his presentation and Thatcher's Experiments: Will They Succeed?" Burton's speech was sponsored by the KU department of economics and the School of Business. ACCORDING TO Burton, both state heads have proposed momentous changes but have, in actuality, accomplished little. Commenting to an audience of about 40 people, Burton said the administration of Prime Minister Margaret Thatcher "looks like a bit of a mess." He cited Britain's worst unemployment rate in 40 years and an increase in state taxes of controlling monetary supply through controlling interest rates. Although Thatcher has proposed tax cuts, Burton said, "The budget hasn't been cut one jot. To the contrary, she's raised it tremendously." He said that the "british tax cut proposal was a "complete flasco". Personal taxes were cut under the plan. However, sales taxes were increased and rates were raised in other and so called luxuries in order to compensate for the personal tax cuts. "People are not concerned with how they are taxed," Burton said. "They're worried about what they bring home at night and day after all the taxes have come out." He said that high interest rates caused much of the British industry to crumble and that they were one of the reasons for the high rate of unem- Recently, the unemployment rate in Britain has soared toward 20 percent. Burton said that if Thatcher came up for re-election tomorrow, "she would not have a chance in hell." However, he and his team would three years to turn the economy around. Though the situation is similar, he said, the policies of President Reagan are not as advanced as Britain's. Reagan's four-point plan for a 30 percent reduction in taxes, balancing the budget by 1984, stabilizing the money supply and reducing federal regulations is almost identical to Thatcher's four-point plan. "The question is, will they work?" Burton asked. economies THE REAGAN and Thatcher administrations have emphasized the need for deregulation but have in fact very little to make it a reality, he said. "Do you know that the production of a hamburger comes under $1,000 regulations?" he said. "There is no way that an individual can compete against another person with such worry about that many regulations, even if you can make a better burger." However, Burton said he didn't want to leave the stage without a ray of light. from 'mcatche's in our ways,' he said. Foremost, England is farther down the road, he said. The British government has training 60 percent of the country's GNP Society, the council movement is much more advanced in Britain. However, Burton warned the audience that the United States could experience a similar union movement in the near future. Presently, 54 percent of Britain's work force participates in trade unions compared to 20 percent of the U.S. work force. THIRD, the United States can use research organizations to provide advice on a much greater scale than Britain, and finally, Reagan can learn from the Thatched experiment, Burton said. "At most, the Reagan and Thatcher experiments represent very timid attempts to arrest a very worrying problem," he said. Black students will have an opportunity to meet black alumni and learn about their careers at the fifth annual Student Career Conference this weekend. Black career conference set "The purpose of the conference is to help students gain success in the business and professional worlds," said Leslie Saunders-Turner. The conference, sponsored by the black alumni committee and the university fraternity Center, is so popular for Friday and Saturday at the Kansas Union. Loretta Long, who plays Susan on the children's television show "Sesame Street," will speak at the keynote luncheon at 11 a.m. Friday in the South Ballroom. "Long holds a doctorate in education and is an advocate for more effective racial sensitivity training," Turner said. Students can meet with returning alumni for counseling on career options Seminars for students are scheduled for 9:30 Friday morning and will cover career planning and preparation for graduate school. After the luncheon, students can go to job opportunity fair from until 5 p.m. will present information at the job opportunity fair," Turner said. The black alumni homecoming banquet will begin at 7 p.m. Friday at the Eldridge House Restaurant, 7th and Massachusetts streets. Black alumni committee members business meeting at 3:9 a.m. Sunday. Registration for the conference will begin at 8:30 Friday morning at the Kansas Union. Students will not be required to attend sessions with alumni or the job fair. Tickets for the luncheon will be $7 and $12 for the banquet. Tickets may be purchased from Turner at the KU Alumni Association office. Fair has room for worldly items There's still opportunity and room available for KU students, faculty, and staff to display their arts and crafts from around the world at the Inner Embassy Fair, sponsored by the office of minority affairs and Student Union Activities. The fair, starting at 2 p.m. Saturday, Oct. 31, in the Kansas Union, will display international costumes, pottery, jewelry and other cultural artifacts belonging to the University community. "We've received 10 to 15 eximus already," said Irene Carr, SUA program officer. "They're pretty But we still need people to participate in the festival." Exhibits already lent include wood carvings from Paraguay, Japanese summer kimonos and saris from Bangladesh. The Silver Stars Steel Orchestra, a 12-member authentic Trinidadian steel drum band from Boston, will perform from 9 p.m. to midnight in the Union ballroom. "They play Beethoven to Stevie Wonder," Carr said. "This is an opportunity for people to see an unusual group of artists playing steel drums." People interested in exhibiting at the faf should contact either Carr at the SUA office or Gerry Williams at the office of minority affairs by Monday, Oct 12. Canta, a Puerto Rican group from Manhattan, will also perform. AUTO. INS. 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