University Daily Kansan
Wednesday, October 18, 1978.
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Economy grows at moderate rate
WASHINGTON (AP) — Despite high interest rates and inflation, the nation's economy continues to perform at a pace that makes a recession unlikely in the immediate future, the latest government statistics showed yesterday.
The government said output of the nation's industries rose by a solid 0.5 percent in September, the same as in August, and was 6.5 percent ahead of a year earlier. Output advanced 0.7 percent in both June and July.
near capacity, the September production mark was a sign the economy is continuing to grow at the moderate rate the Carter administration considers desirable, about 3.4 per capita year.
THE FEDERAL Reserve Board said it is responsible for business equipment, construction supplies and materials, although the transportation problems caused by the railroad strike were not discussed.
Some slowing in economic growth from the more rapid rates earlier in the year is also occurring.
Yesterday's figures seem to indicate the strategy is working. Not only is production continuing to expand, but business and supply are not growing as rapidly as production remain at satisfactory levels.
to help restrain inflation. But it is trying to
apply the trakks gently enough to keep from
getting too tired.
HOWEVER, THE latest economic statistics cover the period before the most recent round of interest rate hikes, whichushed the stock market into a tailspin.
The Federal Reserve Board increased its key discount rate Friday to a record 8.5 percent, and banks raised their minimum lending rates to 10 percent last week.
Some economists and business leaders say the steady increase in interest rates is helping them to borrow so expense that it could bring business activity to a near-hail, causing a ripple effect.
Report says alcoholism killing fewer persons
The risk of death from disease, accident or violence is two to six times greater for the problem drinker than for the population at large, the National Institute on Alcohol Abuse and Alcoholism said in its third special report to Congress.
WASHINGTON (AP)—An estimated 10 million Americans are problem drinkers or alcoholics and drinking may be to blame for as many as 265,000 deaths a year, federal health officials reported yesterday.
But with production high, sales up and business inventories generally low, such an outcome is unlikely for the next few months at least.
But the acting director of the institute said the report also had good news, including statistics showing a decline in deaths from cirrhosis of the liver, a leaving off in per cent of patients and a rise in the number of alcohol treatment programs.
"A SAT anism, we seem to be getting handle on the problem," Loran D. Archer, the acting director, said.
The report estimated that in 1978 drinking problems cost society about $4 billion in lost production, medical bills, and property damage.
Alcohol may be involved in up to one-third of all suicides, half of all murders, half of all traffic deaths and a fourth of all homicide cases.
IN ADDITION to the 10 million adult problem drinkers, who represent 7 percent of all adults, an estimated 3.3 million youth between the ages of 14 and 17 have drinking problems ranging from the ages at school to car accidents.
The report said alcohol was the third leading cause of birth defects involving mental retardation. The report said alcoholism was the only preventable cause of the defects. It is estimated that 60% of people involved in the cause of cancer" and numerous other diseases.
But the Distilled Spirits Council, an industry group, disputed that statement in a response issued yesterday.
"THIS SWEEPING statement does not square with the comment made on June 13, 1978 by Dr. Arthur C. Upton, director of the National Cancer Institute, who stated before that cancer itself does not appear to be carcinogenic," the council said.
The report also said per capita annual consumption levels, after soaring through the 1980s, have held steady since the mid-1980s.
Death from cirrhosis of the liver, which increased 37 percent in the 1960s, leaved off in the early 1970s and actually fell 6 percent in 1975. However, cirrhosis remains the sixth-leading cause of death in the U.S.
Abernathy, who succeeded King as head of the Southern Christian Leadership Conference, came to Brushy Mountain Pentecosti to meet with Ray Cohen.
Albernathy refused to specify what the questions or the answers were, but he said he believed new evidence that Ray's
Ray, now 50, pleaded guilty to killing King in 1986 in exchange for a 99-year prison sentence rather than the death penalty. He later recanted, saying he was wrongly accused of murder by Memphis authorities, the FBI and his lawyer at the time. Percy Forenam
1 am thoroughly convinced that James Earl Ray did not do this alone, if he was involved with it all," Abernathy said. "I really don't feel, after my discussion today, that he knew he was cooperating in a conspiracy."
PETROS, Tenn. (AP)—The Rev. Ralph Abernathy visited James Earl Ray yesterday and said that although he thought there was a conspiracy to murder Martin Luther King Jr., Bay had no knowing part in any assassination
After Ray's marriage last Friday to a Knoxvilleian, Lane said he had uncovered evidence in the past two weeks linking King's shying to an organized Lane said high government officials had helped keep the information secret.
LANE REFUSED again yesterday to name the group, but said he knew the names of three individuals, two alive and one dead, who participated in the alleged
He refused to give their names, saying they would be identified in an affidavit seeking a new trial.
TENNIS HUT
Abernathy said he wanted to form a national committee of clergymen and civil rights leaders to own its own institution. He also gave support and gather support for a new trial for Ray.
Close Out Special
attorney Mark Lane says he has uncovered will result in a new trial.
He said, however, that he was satisfied with the work done so far by the House Assassinations Committee, which is responsible for conducting and former President John F. Kennedy.
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Abernathy visits Ray, backs conspiracy theory
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