Friday, March 23, 1979
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Carter wage controls lose; economy gains, profs say
BvGENE BROWNING
Staff Reporter
Although the country's economy is improving, the future of President Carter's wage and price guidelines is dismal, several other professors in business professors predicted yesterday.
Darwin Daicoff, professor of economics,
said, "It makes it much more difficult for
migrants to find work."
The professors were responding to an Associated Press story that said corporations increased before-tax profits by 36.4 percent last year.
Carter announced voluntary wage-price guidelines in April 1978. He asked that wages be increased no more than 7 percent and that wages be increased no more than 54% per cent.
Daicoff said labor would demand wage increases because the profit information
He said the profit increase meant that the economy was running "great."
Ron Olsen, professor of economics, said he was not surprised at the increase.
Olsen said that because of the news of the increase, it would be difficult for companies to meet the expected increase and not tell if wage increases would have come if there had not been news of the profit increase.
The profit will not affect inflation unless the corporations decide to spend the money, Olsen said, but inflation probably will continue to rise.
"NOBODY REALLY thought the wage and price controls would work," he said.
"You don't know that the Teamsters would not have asked for wage hikes if that had been the case."
"The inflation is coming from other areas," he said. "It is coming from such things as higher medical, gas and food costs."
Olsen agreed that the news of the profits would not be helpful to Carter.
"I'm sure it's going to be upsetting to anyone setting up the controls," he said.
HE SAID CARTER had few options.
Lowering import tariffs to put pressure on the corporations is one option, but it is not easy to implement, according to Olsen. For
David Shulenburger, associate professor of business, questioned the profit figure.
instance, if beef tariffs were lowered, he said, the entire industry would oppose the tariffs.
Daircoff differed with Olsen on the solution to Carter's problem. He said the success of Carter's guidelines would depend on the corporations adhered to the guidelines.
"There has been an awful lot of inflation," he said.
sua films
He also said the figures might not be comparable to previous figures because companies were changing their accounting records. He said there could be other factors.
Inflation could boost the figure higher than it would be if the dollar were worth the same.
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March 23-24
COUSIN COUSINE
"It may not be a representative figure," he said. "It is probably just for public holdings firm."
"It is too early for that," he said. "Almost all of the wages were struck prior to Carte
Sulenburger said the profit would have a positive effect on the economy, as a buffer against any future recessions. But he said it would be easier to predict how extensive the effect would be.
(1876)
Dr Jean-Charles Huchon
Virginian Laucan, Marie Kristine Baurnaut,
Marie-Françoise Pisler, Guy Marchand,
France/subtitles.
HE ALSO SAID companies would charge more to keep up with inflation.
Although Olsen said he thought the profit increase was partially caused by a lag in customer demand, he said the change is
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Midnight Movie
THE ROCKY HORROR
PICTURE SHOW
Dir, Jim Sharmar, with Tim Curry, Susan Sardanand, Meat Leaf. There only be three the two shows, so tickets to tickets early to be assured a seat.
Tuesday, March 27
THE WAR OF THE WORLDs
Wednesday, March 28
Tracy/Hepburn:
(1953)
Dir. Byron Haskin, with Gene Barry,
Ann Robinson, Les Tremayne, Special effects by George Paul.
"It doesn't necessarily mean that the economy will continue to grow positively, but it does indicate that the economy is pretty strong now," he said.
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Dr. George Cukor; with Spencer Tracy, Katherine Hepburn, Judy Hollday, Written by Garson Kanin and Ruth Gordon.
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Ibsen's Classic Play:
A DOLL'S HOUSE
Dir. Joseph Loehning With Jane Fonda,
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Weekend shows also in Woodruff at 3:30, 7:00, 9:30 or 12 midnight unless otherwise noted $15 admission
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Fake donor list draws blood drive volunteers
A vein attempt at a prank by two University of Kansas students turned into a good deed yesterday.
One of the students told James Scaly, administrative assistant in the chancellor's office, that when they ate lunch in Wescoo cafeferia, they sat at a table and drank coffee. They drove registration this week. The table was empty at the time, the student said.
The student told Scally they started a fake donor-register list as a joke. They said they put a paper of sheet on the table in factitious names at the top to start the list.
The pair was apparently swamped by KU students wanting to donate blood, Scally said.
The student told Scaly that they originally explained that they were not part of the blood drive but that the students did not believe them.
students apparently developed guilty consciences, Scally said.
The blood drive, sponsored by the Interfraternity Council and the Panhellenic Association, is scheduled for April 24 in the Kansas Union ballroom. Registration was held during the past week at the table in Westcoe cafeteria
After collecting a dozen names, the
Scally said one of the students walked into the administration offices shortly after 1 p.m. and gave the chancellor's name to a desk. The man, he'll know what to do with it.
"He started to turn around and walk out," S scally said. "We stopped him and got as much of the story as we could before he left."
Sically burned the list over to Carryl Smith, dean of student life, who said it was too hard for him to blood drive. Smith said the sponsors would call the people on the list to conference.
Students put on probation for using fake bus passes
The seven students caught using fake bias passes last month have been punished, David Ambler, vice chancellor for student affairs, said yesterday.
Ambler said six students were placed on probation until May and one was placed on probation until December. All were fired $23, which is the price of a bus pass.
Carly Smith, dean of student life, handed
punishments just before spring break.
he's been a teacher.
The students were referred to Smith, who decided their punishment after taking the class.
KU bus drivers caught the seven students using the fake passes.
Ambier said a probation meant that if the students committed another crime against the University, they could be more severely punished, by either suspension or expulsion.
He said if the students appealed the decision to the University Judiciary, their punishments would be held until another decision was made. He did not know if any of the students planned to appeal the decision, he said.
"LITE TASTES GREAT AND IT'S LESS FILLING.I ALSO LIKE THE EASY-OPENING CAN."
(C) 1978 Miller Brewing Co., Milwaukee, Wis.