xt72v6988x8s https://exploreuk.uky.edu/dips/xt72v6988x8s/data/mets.xml The Kentucky Kernel Kentucky -- Lexington The Kentucky Kernel 1974-10-09 Earlier Titles: Idea of University of Kentucky, The State College Cadet newspapers  English   Contact the Special Collections Research Center for information regarding rights and use of this collection. The Kentucky Kernel  The Kentucky Kernel, October 09, 1974 text The Kentucky Kernel, October 09, 1974 1974 1974-10-09 2020 true xt72v6988x8s section xt72v6988x8s V.ol LXVI No 45
Wednesday. October 9 1974

By BILL S'I'RAl'li
Kernel Staff Writer

Republican Sen. Marlow (‘ook pulled his
campaign express into l'K Tuesday
afternoon to clear tip charges that he has
accepted corporate favors during his
congressional tenure.

Syndicated columnist Jack Anderson
last week charged (‘ook with borrowing
automobiles for months at a time from a
regular dealer renting ait apartment rtr
downtown Louisville “tor about $1 a
month” arid ttsing an Ashland (til (‘orp. jet
o .ravel Kentucky and
\\asltington

bet ween

'\\I)I‘IRSH\'S \'t|l \(i
"fell us about that apartment in
.tte 800 Building.“ (‘ook told the 300 people
i :he Student ('enter Ballroom. “and I'd
say Me”. Mr «Jamest Barnett has been a
tricnd tor tnaiiy years He
.\ustralra I called htm. asked if
sublease his apartnrent

“Here‘s the instrument of sub-lease' I
carry all the insurance on the paintings
and the lurnrshirigs I pay for the
.elephone. I pay for the maid service.”

"l‘lten Anderson would tttrn to his young
man and say "What‘s wrong with that."'
t'ttok‘ said “So I thought well. well. I've
given ltima nexplanation of that ' then all
ot a sudden I read tn his column I'm living
lit a dollar-aryear apartment tn the plush.
posh t’tttt)

assistant

would say

was in
I could

“ll- \\\lttili\' been in the 800,
hat's probably :he best advertisement the
800 has had iii many years ”

Stated on a with arms
toldedacmss liis ttlueshirt. (‘ook tended to
downplay the commotion caused by the

Ford speaks
to educators

’ty Itll.l S'I'|{.\l'll
Kernel Stall “riter
ttov \kendell Ford stepped off
campaign soapbox long enouglt 'l‘uesday
night at make a speech before the Southern
Regiotr rldueatron ltoard tSRrIltt oil a
subject :hat concerns them all education
In Keeneland's (trandstand Dining
l‘"tl‘(l spoke to about ”30 SREB
members. consisting mostly of state
legislators and :heir spouses. at the
board‘s Legislative Workshop Dinner.

ltas

wooden stool

his

lloom.

I-‘tiltli S.\lli the era of the 1960‘s was a
period of rapid growth for the Kentucky
higher education system while the 1970’s
focused upon refinement of the
system

have

“The 1070 Kentucky (ieneral Assembly.
recognizing rapid expansion in higher
education atid sensing a multitude of new
problems. directed the state (‘ouncil on
I'tibltc lltgher l'Iducation to prepare a role
and scope study of the state system of
higher education.” Ford said

The governor (‘ouncil stall
prepared the report brrt had tnptrt trom a

said .he

nttmber of state Institutions and a itirie

member legislative interim study

commission on higher education

KENTUCKY

21‘

an independent student newspaper

Cook visits campus,
explains accusations

columns He did admit. however. that
perhaps some of the actions he took were
w i'ong

“I guess it‘s wrong to tly on corporate
airplanes really and truly." (‘ook said.
"And I guess it shouldn‘t be done. But what
worries tire is not so much that we now
lttnk morally that‘s an issue that we can
discuss and talk about. but whether you
misuse your power and authority as a
tttetntter ot the l' S senate by doing it "

took. “no laces a tough reelection
Wendell Ford
have never

tight wttlt Democratic (iov
.\o\ It. claiitied such “
tntlucnced hrs vote

In answer to Anderson's charge that
took receives tree transportation from the
.\ational Industries ('orp . the senator said
ltat although he is friends with company
president Stanley Yarmouth he has used
their plane only twice renting it once
Industries has a division
known Beverages." (‘ook said.
“They took a whale of a licking when the
tederal government ruled you could no
longer use cyclamates I guess they lost $1
tttillioii or better because of that

favors ' ‘

“National
tts (loll

" \ ltll.l, t .\.\ll‘l before our committee,
he Judiciary, to make reparations to
companies that would lose money because
of the ruling.” (‘ook said “I was the
prtircrple individual to see that the bill
never left the committee and got to the
tloor of the senate "

"It .hat's a misuse of my senatorial
authority then. I don‘t know how to
pttt it.” lte said

t'ook ltll hard oit the biggest issue of the
campaign. the proposed Red River ltam tn

well.

l'owell t'ounty

t oittiiiiied on page I!

t.ti\. \\ l-I\I|l-Il.l It‘tiltl)

Speaks at SRl-IB dinner

l'ttlil) S’l‘ltl'lSSl'Il)
education process

"As Lieutenant (tovernor in 1070.

tttore effective

Ford

his own role in the

l was
.‘Iltlt‘ .u see the need for
coordinating structurein Kentucky.”
"then before. as a state senator in
arid as an administrative
assistant .o (;o\ Itert (‘ombs iii the early
1000's. I had observed ttrst hand the rapid
development ot higher

said
he mid 00‘s,

tii‘owtli .tnd
education ‘

'l'lie (otrnctl's study was cotnpleted Ill
t0?! and .lie inator i'ecoiitntendattorts were

t oiitiiiiied on page I:

.‘1 '
fl. I‘d "' “W.“

"D ‘3‘"

Kernel st)" photo by Phil Grosbong

In preparation tor Republican Sen.
\Iarlow (‘ook's campaign stop at l'K.
three ('ook supporters raise a welcome
banner above the Student (‘enter patio.
the left: Kay Rubin. campus
coordinator for the ('ook campaign:
Steu- “ooldridge. junior accounting
major; ('harles (irizlle. state
( ollege Republicans chairman. work to
secure the sign.

\t right. t'ook sits informally on a stool
wltile speaking in the Student ('enter
The receptive student
audience heard him e\p|ain his role in
columnist .lack
accepted

I‘ roiii

Itallrooiii,

made by
that lie
corporate l;l\til‘s as Senator.

charges

\nderson has

ttttvets-itv of Kentucky

logic”! on. Kv. 40.}06

 

L".- 4,81;

Kernel “all photo by Jun Manon-

Kentucky ranks seventh
in education appropriation

It) nos \ii'i‘t‘IIi-IIJ.
Managing lCditor

Kentucky ranked seventh among the H
southern states in state operational
appropriations for higher education in
Him-74. according to figures compiled by
the Southern Regional Education Board
tSREB t.

Kentucky‘s appropriation for the
academic year to all of higher education
was $148.2 million. according to the
SRl‘IB's “Fact Book on lltgher Education
in the South I973 and 1974."

THE lttitiKlF'l‘. which contains other
tacts and information on higher education
tn the 14 states. was released Monday at
the opening session of the SRl‘Ilt‘s
legislative work conference. which ends
today.

SRlClt was formed iii tti-t8 at the urging
of the Southern (iovernors' (‘onference in
an effort to provide a regional approach to
education 'I‘hirteen southern states and
Maryland are members of Slll‘Ilt

The Kentucky appropriation rose by
:ttttt 8 per cent during the past decade trom
the I004 figure of $32 t million

largest
education is

with the

higher

'l'llli S'l‘\’l'lf
appropriation for

lexas. wlnch allocated $487.8 million in
tttTitTt The lowest figure was Arkansas
with an appropriation of $73.4 million

Largest percentage increase In the past
decade a inong t he 14 SREB member states
was Virginia. which increased its
approprtatiorr 475.8 per cent. frorn $35.8
rrtrllrori tn I904 to $206 4 in NH.

Louisiana had the lowest percentage rise
tor the ltt-year period increasing 13.5 per
cent, The 1964 appropriation was $55.8
million and last year‘s figure was $158.8
million

lK‘S .\\‘I€R.\(;I€ full-time faculty
annual salary of $18200 was good enough
to tie for 14 out of a total of 45 southern
institutions reporting average annual
salaries of 810.500 or above for 1973374.

The largest average faculty salary was
$22,700 at .lolms Hopkins l'ntversity tArts
Screncest and the lowest was at
State l‘nrversity at ‘taton
Rouge. ('lemson l'niversity and
t'niversily ot West Florida all with
810300 average

Slate optiatronal appropriations for all
H SRlZR states totalled $2.8 billion in 1973
"it eoittpaied with $300 million. a 387 It per
cettt increase mm the one year period

arid
Loursra nna

totttinned on page ..

 

      
   
     
   
   
   
    
   
       
   
  
  
  
 
    
   
  
  
     
   
 
  
 
 
  
  
   
     
   
   
 
     
     
  

Editor-"chief, Ltnda Carries ' "U- 5
.th ecnor. Greg Hotelich

s, JI'S idifor. Jim Manoni
Photography PJI'OT. Ed Gerald
— mm:'m.' ash. K —--

Managing editor hon Ml'd \ll
Assooate editor 10m Moon.
Editorial page eat or Lian LfUIk‘lel

moi. Larry Mead

Gaines report fakes
small, painful steps

The 72-page "Inventory of Minority
Student Program." better known as
the (taines report. is finally out after
seven months ol preparation by it's
author. Victor Gaines.

The report is an attempt by the
l niversity‘ to define its programs for
black students. towards both
recruitment and retention. and to
gather recommendations lor needed
changes or additions to these
programs.

tiiven that scope and purpose. it is
not surprising that the report is a
disappointment to ntany. It plays the
problem right down the middle.
trying to objectively give equal
weight to both sides of every
argument.

The result is a mass of programs
and organization charts. trom which
the reader is supposed to discover
that the t niversity is making a
sincere ellort to break down the racial
barriers. but thatall the problems are
not yet solved.

\\e do not question the sincerity of
t niversity administrators' desires to
recruit and retain black students and
faculty members. We do question the
It otnes belnnd their desires.

It is no secret that this t niversity
ltas a reputation is a racist
instttttttot it ts also clear that
adimnistrators want very much to
change this reputation. The
t niversity is required through
.\ttirmative Action. to seek minority
stall and faculty. Furthermore.
administrators are acutely aware ol
existing legal and societal pressures
tor iitcreased tntnority opportunities.
'Ihe ttatnes report ts an outgrowth
and confirmation of these
requn‘ements and pressures.

but it is not enough to merely

'Addifions'

recognize and respond to the
pressures. especially when the
response is couched iii the impersonal
dctncattor ot an objective report.
\ tctor t aines undoubtedly recog—
nt/ed lllls wlten he included in the
report a section entitled "Racisiii.”

In the report's typically
understated language. (i aines states:
"A good deal of the black students
apprehension regarding his
acceptance at the l'niversity is
tinderstandable . While experiencing
no overt racism of any type. the
general feeling is that covert racism
permeates the campus. Apparently it
is the type of behavior that the
Department of Health. Education and
\lellare can not detect nor prepare
guidelines to cover.”

Indeed. it is not dillicult to see how
black students can find “covert
racism" lurking in the halls ol a
student t'enter which schedules
entertainment almost exclusively for
whites. in a (ireek system which
responds begrudgingly. in an athletic
system w ith a proud white trdition. in
a student newspaper which has only
one black stall members and in an
administration which treats them
as numbers in a statistics game.

The problem is real. bitt it cannot be
solved by lining upthe scapegoats and
castigating them. tor that is as tutile
as damning history.

There are seemingly no
comprehensive solutions which can
overcome our reputation; there are
only small. painful steps. each
inadequate in itstlt'.

'l'he (taines report and the
programs it describes. inadequate as
they may be. represent a willingness
to begin these steps.

Editorials represent "monuments of the editors. not the Umversflv

 

     

editorials

     
   
  
 
  
   
   
   
  
    
  
  
  
  
  
   
    
   
   
    
  
  
  
   
  
  
   

 

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Shadows of Jimmy Buffefl, reflections of the past

lly \l'llll .\ltll{(i.\\

I. didn‘t turn out that way, As l'tltllell and one
lattfett was introducing Marvin
Marvin Gardens. like some of (itlt‘tlt'llfs‘. this .me playing mouth

his friends. is quite an elusive liarpand congas. he. But‘lett, was hall the stage.

tellow. He plays in a band called being arrayed on the stage by a
the (‘oral lleelers. who back up \ellow spotlight. Reflecting oll
an tip—and-coming musician his acoustic guitar. the light
named .hminy B'tffell. Marvin somehow sustained the peachy
tiardens played maracas and notes .he strings had poured out
beer cans on llulletts lirst moments earlier.

album. ““th

I hated: seen Bullett "s second laughed and applauded and then
album. .hough I did set him relaxed
perform at the Student ('enter which seemed to combine with

llullett and

other guitar wcrc and you're making sure
player. I was sitting on the tar your shoulders are straight? shaman
right aitd .be speakers blocked Shadows

album. his bad becit tanlasi/ing like Bullett
bird. I was still trying to look hadwltcnheinlroduced thet‘oral

So someone should speak up for
ltelore they get
Shadows are also good stibpu-nacd by some Judge ot'
tor checking .he part in your hair. become regulated by one of those

-t

accompanying you say, “hat the..." The lctlct‘al agencies Shadows make
guitarist Roger llartlett went on applause slapped my ttttnd back great tricnds. evervone has one
othenextsong. I didn't know the Ill be present. \\ m hc\ 'H. ”mp,“ almost
words. ll tnttst have been from
littllett's coming

The song was over I realized l human' It may be
'll'n'c or so hours alter l lelt
the concert. myself and some

(tUlPPm mmp tried- around .he speakers. to see a 'lcclcrs 'l‘hey weren't really lt'uindg m.“- seated at a law]
andproven hne as the crowd (oral ltceter

,\ moment or so later I noticed l'illllt‘lt "s albums, The kid wasn't

“0"“ "5 'hl'.‘ ""l.‘ play “It nightclub. whenabonttourtables

away I saw ..1 thought it might

into a natural casiness adaik shapeonthnedinyellow at really there, at least not ttt- .\l.|l‘\lll Hardens but then the

last tall and. by chance. caught he light and faintly orange a guitar

hisact .here again last Thursday name.

night. watcrlall
hat tel: like it had been sizzled in
more concerts. but after a while boiling sunlight

slit)“. I bought I was stage. llcy. kid.

\ on can go to concerts and still
It seems like .lie lights. dope. (am!

one oncless purple murmur. since

creating a ihythmic I. wash \lary in Gardens. The Marvin tiardens was a triedsand-
of sound. a cataract silhouetted shape emerged as a proven line. I was the shadow of
shadow trom my past. Some kid. ntysell.
six or seven y ears old. was on the
hollered to while the stars still twinkle at
music and people run together In ttttttrcssed. berhaps overly >0 myself. get Off there. He started “'L’lll- ”H ”I ”W cantplires lHIW‘
that‘.’ You‘re died. I doubt all .he campt'ires
Warren Spahn have died. btit tn the past few

tltt.\.\'(‘tl some ol the o wha.'s

\sidc from the noticeable introduction. trying to match thccking your

absence ol dope. Thursday Night names with faces. Two or three
had all the makings “l "N tialtti-s besides Marvin (tardens'
were mentioned. I could only see Ian. lust a moment

another concert

he back of thestage. also playing physically. lltit the shadows and

side arm special" Are .\'ou nuts. \t‘ilti‘ \‘t’lW ‘t‘t‘ll ”“5 “W"l'l‘V‘S
“(In No" till. 3”“ say )v‘)u‘r(\ 12, tainplires darkened by the

candle lltckered some more. and
'“llsm'” “""l‘ on ”W 5little it untcdont tobeJimmy llutlett

Shadows aren't really as
chisiyc as they seem. it's just
hat hey're .hc doorway between
lightness and darkness. between
what's human and wliat‘s...wcll.
why not ask yours? Why not take
your shadow at lunch tomorrow ‘
tlon‘. be embarrassed.

Kurt Vonnegut once wrote that

\cill \lorganis a lHLS. senior.
His column ‘additions' runs

“g” _\'0U \lliltlt>\\\ til it lla‘llltlllll Ul lllt‘ll \\ |‘|‘|\I\ in ”w kl‘l'llt'l

   

oti

lit
he
pa

Illt

\l‘

ha
.itl

itl'

  

   

 

 

arr

comment

 

A hungry world looks to West for food

By Jonathan we“.

LONDON—Six years ago, the dis-
tinguished scientist and novelist C. P.
Snow warned us in a speech at Ful-
ton, M0.. that we were approaching the
time when “many millions of people
in the poor countries are going to
starve to death before our eyes” and
that “we will see them doing so on
our television sets ”

1n the next few months it is
going to become very clear that Mr.
Snow was right; in recent weeks grim
report has followed grim report on
the state of the 1974 harvest.

In North America there has been
drought and the crop is way below
what was so confidently forecaSL early
in the year in Asia the nionsoons have
been bad—in some countries there
has been drought, in others floods.
1n the Soviet Union there is certainty
that the crop will tie below last year’s
harvest.

For only the second time since
World War 11. the total world crop has
fallen. Meanwhile, in the last year, the
World population has grown by 70
million—half of this in Asia.

The years 1971 and 1972 brought a
sudden end to the euphoria surround-
ing the Green Revolution—the use of
so-celled miracle seeds that doubled
yields all over Asia and in parts of
Latin America.

Bad weather was the principal cause
of the setback. But a number of other
coincidental developments compounded
the problem. In particular there was
the simultaneous boom in economic
activity in the developed countries that
led to an increased demand for food.

From 1972 on, the situation rapidly
deteriorated. The Russians, after their
disastrous 1972 harvest, bought 20
millicn tons of wheat and 10 million
tons of coarse grains, most of it
American.

Under the impact of all these devel-
opments. American stocks began to
decline to dangerously low levels. It
was an act of criminal folly that will

long be remembered that the United
States did not take advantage of 1973
to bring all its idle farm land back
into cultivation and rebuild its stocks.

The result of all this was that the
world entered 1974 facing its most
precarious food situation ever. By Feb-
ruary, United States wheat for export
cost almost four times as much as in
June, 1972.

Millions of poor people in the Third
World rapidly began to find that food
was being priced out of reach.

in Bangladesh, between January and
August, 1974, cereal prices doubled—~
they have risen fivefold in five years.
in Thailand, the price of rice has dou-
bled since August, 1973. One kilo of
tunafish has gone from six to 22 bahts.
yet the average factory worker is paid
only 10' bahts a day.

For people who are spending 70 to
80 per cent, or more, of their incomes
on food, these price rises mean less
food, increased malnutrition and, over
a period of time, a steady increase in
the death rate.

It is against this background that
this year’s bad harvest must be
viewed. The situation now can only
get rapidly worse.

The Food and Agriculture. Organiza-
tion of the United Nations estimates
that the dt ficit in developing countries’
cereal production this year will be
about 50 million tons —- that is, if
everyone were to be fed as well as
they were in 1970.

Yet United States stocks are down
to about 25 million tons. And it is on
America that the Third World has
principally depended when things have
gone wrong before.

But this time around, unlike the
nineteen-sixties, there will be no point
in running to the Americui silos for
food. It is just not there. More cannot
be grown until next year. And it can-
not, like manna, come dOWn from
heaven.

Some experts argue, however, that
the Soviet Union is still sitting on a
large part of the American grain it
bought in 1972-73. But no one really
knows. The Russians could have five

,.,; .

million tons, or 50 million. In fact. it
is probably nearer the lower end of
that scale. Anyway, chances of the
Russians bailing out more than a few
special friends are slim indeed.

The fact of the matter is that the
food that in coming months will be so
desperately needed in the Third World
is only likely to come from the West
-——from renunciation of the power of
the purse by people who have the
monev to buy food.

There are two options open to us.
Either we can voluntarily decide to
cut down our purchases of food—meat
in particular, for meat is Western
man’s most inefficient and expensive
way of consuming protein—liberating
food at a reasonable price for govern-
ments to buy, or rich governments
can intervene in the market and buy
up grains that otherwise would be
fed to livestock. This they can then
sell on concessional terms to countries

deficient in food. .
Certainly it is not unrealistic to con-

sider the first option: American fam-

Murnv Tlnhlllau

ilies lowered their thermostats during
the oil crisis. It can be done given the
right kind of political leadership.

The second option is more difficult
to carry out. It assumes the failure of
the. first option, so that a govemtnem:
would be taking on an unsympathetic,
undereducated, even hostile public. It
also means that government interven-
tion would force up the price of grains
even higher, exacerbating the severe
inflation existing in most affluent
countries.

The real danger is that these politi-
cal and personal decisions may not be
made until it is too late—until the
television pictures of dying millions
come into the living rooms of the rich
countries. These decisions need to be
made now, within the next three
months, while there is still time to
distribute the food where it will be
needed.

Jonathan Power, an economist and
journalist, is author of “Development
Economics.”

Dollar supply, not price of oil, causes inflation

l‘.\ \l( Iltll.\.\'\ ”\lltll‘l-WI \\ l1\

\\ \.\111\(.’I‘H\ Had they set
out o prove one of ;lic central
lit‘.\(*.\til .\l.irxtsiir Mr Ford and
his tellow politicians of both
tnll‘tlt'b couldn't have done it
heater .\lter growling about

‘c\orhitant prices" in oil. Mr. litiyt-r
1 eality..\1r Ford. who is dead set
against price control in America.
wants .o impose it on Arabia.

I-ord lien saidtin a quote which
may ie. tind its place in the
\lllN‘lllll nl linperialisml that.
"l‘hroughou history. nations

of ( oursc. as an exorbitant or an
tnilair or an unjust price. Any
price and every price. high or
low. 1.\ a itist price. if a willing
\t-llt't' \\ ill take it and a willing
give it. Thus. in lxissiiiger has ever claimed to
have made a study ofeconomies.
hut here are people aroundthem in heir loans,
\\ ho have. .\o school of economic
.tlltll).\‘1.\ believes that raising the

“I“

tapitalism. here is no such thing. dislocations.
nillaaon That 's something we do

o ourselves.

any known definition of tausc niuch hardship and many

hut

\l‘.l'l‘l||'l|€ Mt‘.

\tl‘llt‘illl‘t‘. llcpending on who you niipossihle .o have this kind of

II can‘t cause .‘Ilk o. Jlt‘l‘t‘ is anywhere from iccession and inflation at the

\73 liillion to $200 billion floating \illllt‘ iiiic. but we do. and there

offshore in a daisy chain of 101's. is ample evidence to argue :hat
'I he opinion is .hat many of the he recession is actually caused
lmi'rowersarcinsolvent.aiidthat li_v he inflation. 11 that is the

Ford nor 1)r.

‘IluiIt—Iii I'rolt-ctions'

hau- gone .o war over natural
.id\ antagts such as water or food
or convenient passageson land or

~(‘il

II- II”. l'lll'lSllll‘IN'l' ol the
lni.cd Statics says things like
hat. hc Marxists necdiiol tell us
hat our s) stem is huilt on forcing
Ioi'cigiiers o sell their raw
materials .o its at low prices and
o liiiy our in .inulucturcd goods at
high ones. In addition. llr.
l\I.\.\111L[t'1‘ warned .he I N in
liasso ones Allltllll “decisions to
testrict production and maintain
it” .‘Il'tlllt‘lill price level." And
here is bcn. Scoop Jackson in the
toiigrcss. siiiiplilying ll yet
lurthcr liy calling the prices
ltil‘t‘ltlll oil producers charge

illitM' ”

the Honey and ('rcdit Supply

Hut l'ii‘sidcnt Ford‘s flinging
he American lleet up :he River
\lt-cca to rid .he world of unfair
I-II pricing \\ill have the most
negligihlc effect on .hc cost ol
til‘lll) at he checkout counter.
lnllaiion must rage on as before.
lI(‘(‘£H|.\(‘ raising prices doesn‘t
tatisc inflation The prices are a
I csult of inflation The inflation of
tilia.‘ l‘ i.her the money supply
or he t‘l't‘tlll supply. which are
he \illllt‘ thing

l'i ices and wages go tip
lit-caust- more dollars have been
pruned and therefore they are
\ioi'ih less \\ itliout inflation. the
Il.\(‘ in he price of anything
. cans ltat people will either litiy
lcssol i. or lcssol sotiicthltig clst'

l'-ll\1.'ll.\111l_‘. he price of oil can

price of a commodity. not even

hedeiiiandsot ;he oil—producing case. he tainotis “huilt-iii
totiii.ries for payment are going pro.eciioiis." which are
n lorcc creditors .o start calling dclihci'aa-l) designed to he

inflationarv may make matters
\\t|l‘.\(‘.

.\11|t't' we've never been in a
\i uaiioii like .his before. .he past

  
  
 
  
 
  
 
 
 
 
 
  
  
 
   
  
  
 
  
  
 
 
  
  
   
   
 
  
 
  
 
   
  
   
   
  
 
  
  
   
 
 
   
 
  
 
 
 
  
 
  
   
  
  
   
 
   
   
   
 
 
   
   

such an important one as oil. can
hy use“ he inflationary It a
t-otiim') dchascs .he value of its
‘1 oncy prints tlltiH‘ o1 it to pay
he price that's i1 different
lllilid‘l'

then why is Mr Ford saying
hat "t-\oi'hitan. prices run the
risk of a worldwide depression
and threaten the breakdown of
world order and safety?“ (‘an all
of that happen just because the
Arabs and Iranians now have
large amounts of money either to
bank of invest? Hardly. Then
what are they afraid ot'.’ It would
seem the basis of the fear is that
the oil producers' wanting to sell
for cash instead of credit may
precipitate .l collapse of an
H\ t‘l hit!“ it. horrendousl}
:iiisaihlc iiitcrnatioiial banking

“hi1 he l’resident .alking
.ihout “worldwide depression"
and “ultimate bankruptcy.” we
nigh. doucll o take a look at the
hull. in protections” which most H "-\
. 1 us have been old will prevent
.iiio.lici‘ 192939. \one of those
ha: apply o the \ltit‘k market
he iii.irgin i't-tpiireiiicnts. -lie

't'\ ('l

ago.

\t‘t‘tll i. ies .ind |'?\cliangc
t :tiiitizission. lirokei insurance
_ , \\ I I ll
l..1.\ pic\cn.cd .I clash
.-u ha

(\(‘lh_\h1H1.\
WHAT ABOl'T unemployment .11... “Mt

compensation. welfare and Social

is a misleading guide.

hose fright nostalgia

toinnigout on he Depression \l'e
lit-pi'cssion.

tliaracwi' ot

\ l “'1 of luck.
l’i’cs'idcnt

ilS

new kind

\\ lici‘c illt' prices

and \\||t‘1't‘
- iineniplmnwiit
is totally different from «15 years

t-lse who's sounding

alarmist

. l\t.ll\(‘ll Iliit Ill any case. \\ild
Security"? In addition to helping r\\ 11115 .I.
individuals.these programs were .intl Indonesians

\1.1l1.\.lll(l \t'llt‘/ll(‘l.l11.\
arc the kind ol

made to keep purchasing power 1 I.\lt‘.‘|(llllt1 tll\t'1‘.\ltilt.\' .hat
up. thereby guaranteeing a ititlttiutltltl t onitision Intt'r on

certain level below which busi~

\H‘lltllil\
ness couldn‘t slump. At the time. tullllllllhl
it was probably considered \\lltllt'.1l\

kin:

llulluian

  
  
 
   
   
   
 
  
 
 
  
 
 
  
 
 
 
   
  
 
 
 
  
  
 
 
  
 
  

pieces

it‘ll :urn

l I‘;Illl1'l'\

  

     
  
   
 
   
     
     
     
 
 
   
    
     
   
 
  
   
   
   
   
   
      
    
  
  

 

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t—TIH‘I Kl‘?.\'l‘L't'K\ KERNEL. Wednesday. October 9. l9“

news briefs

 

 

\ Ford announces
‘ o
‘ economic plans

\\ .\Slll\(;'l‘ti\ tAPi President Ford announced a broad new
anti-inflation program today that includes higher taxes for many
G . I Americans. a public service employment pmgram and energy

'r 5 conservation measures to reduce oil imports

In his address to a joint session of t‘ongress. Ford said his
proposals were a “grand design" for restraining inflation

The measures outlined bythe President include:

October Sale

for

REG NOW!

A .5 per cent surtax on income taxes for income levels above

‘ '99- $15 $890 $5,000 for families and $7.500 for iiidiv'iduals
A pmgram to create public service Jobs for the jobless when
. ' . ~ ' -' '- t ' the labor force. 5 -ndin'
_ reg. $18 $990 iiiitmploymtnt ixutds i» [)(l tin of p( g

would range from $500 million to $2.2 billion. depending on the
severity of unemployment.

Expanded unemployment benefits for persons whose other
unemployment compensation has been exhausted or who are

- reg. $18 $8”

' reg- 5” $790 Ineligible tor such compensation.
A .3 per cent surcharge on corporate income taxes. which
. reg. $14 $990 . would raise an estimated $2 1 billion iii revenue
.\ $3 billion program to subsidize mortgage interest
9 90 )avmcnts and to finance about 100,000 new homes
- reg 520 to $35.00 $9 ° to $19 ‘ ~

.reg. s”. 5990 .0 sum Greek cabinet resigns

ATHENS. Greece tAPt The national unity cabinet of Premier
- req' S9 ‘ “6'00 $300 '0 $1090 (‘onstantine (‘aramanlis resigned Tuesday to make way for a
caretaker government that will conduct Greece's first
parliamentary elections in almost 11 years

(‘aranianlis. 07. a veteran of more than :ttiyears of (ireek politics.

F““““““‘“““““““““““, will head the interim regime scheduled to be sworn iii Wednesday

‘ Drive 1'» WOW for...
‘ sun Aim INSPECTION

He returned from exile in July with the fall of the military
dictatorship. The election is scheduled for Nov 17

Is this your auto inspection month? :

““““““““““““““““““'

 

 

 
 

 

 

 

Coal is energy key

l.\.\‘ Vlili \S. .\'e\ '.\l' (‘oal is the key to maximum energy

P n a development in the l'nitcd States. Federal Energy Administrator
John Sawhill said Tuesday

He said the nation could produce more coal than can be

Al 'l '0' II N es tl 'e consumed between now and 1983 at prices near current levels, and

added demand can he controlled "in such a way as to allow its to
use all the coal we can produce during the coming years

Sawhill said that while coal will play an important role in the
nations's future energy supply. "it will not llt‘ to the exclusion of
other fossil fuels. nuclear power or synthetic fuels from coal and
other sources.”

Report reveals Rockefeller gifts

WASHINGTON (APlv- Nelson A Rockefeller and his family have
given more than 5100.000 in recent years to the campaigns of Senate
and House members now eligible to vote on his nomination to be
vice president.

The former New York governor also has made personal gifts of
$50,000 or more to several public figures including his former
foreign policy adviser. Secretary of State Henry A Kissinger.

Senate Democratic Leader Mike Mansfield said today
publication of reports about Rockefellers gifts to aides and public
officials “could well reopen Senate hearings" on the vice
presidential nomination.

 

 

 

Ford calls news conference

Dinner includes WASHINGTON iAthPresident Ford will hold his third
10 OZ. SU per SlflOln Steak Dinner, television—radio news conference at 2:30 pm. EDT today.
Baked Idaho Potato, Tossed Green Salad, Press Secretary Hon Nessen said the session would beheld in the

, Rose Garden outside Ford's (lval ()ffice if weather permits. but
and warm R0” W'th BUtter' otherWIse in the East Room.

Nessen also announced efforts would be made to encourage
follow-up questioning of Ford at Wednesday‘s session.

Ponderosa "He‘d like to try this on an experimental basis,” said Nessen.
advising new smen who are recognized for questions to remain on
St H their feet to pose a follow-up if they wish.
ea l( ouse 'I'Ill;' I\ I2' \ 7'! (.'A) I\ Iz'lt \ Iz'l,

 

 

.u- Kt‘t‘tlUCky Kernel, ltd Jounalism Balding, Uri-verSity at Kentucky,
1 t'ltnf‘lOT‘ Kentucky, $506, is mailed live times weekly wrinq the school year

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J‘SSIOH Third (lass postage paid at Lexington, Kentucky, an

O n Southland Dt'. ”"hs'wmy'm “m“ 9"“ ’"C mm m '971 Begun as the (adet tn l894
and t ublt shedtontnuausly as the Kmtucky Kernel since I915 <

 

 

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(1 BlOCk SOUlh Ol New Cerle Rd.) -‘-..i-..iuui..tuiinr,Nifmsk‘gizao 13:: ”it; .3 Guam" [new

 

 

  

  

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