Newspapers / The Carolina Times (Durham, … / March 22, 1969, edition 1 / Page 11
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J / * | > .. ! 1 - ; fkv - *?v* '™ K!- '\ ■■■^—._ UK mlkw. n KODAK'S A WINNER Hie Freedoms Foundation's eco nomic education award, an in scribed replica of the large medallion, was presented to Eastman Kodak Company for its role in fostering minority owned businesses in Rochester, N. Y. through the Rochester Business Opportunities Corpo ration (RBOC). James H. Blow (center), general manager of RBOC, holds the replica. At right is Frederic S. Welsh, Ko dak vice president for Corpo rate Relations, who accepted the award for Kodak; left, C. P. Adams, RBOC's administra tive assistant. The monetary unit of Chile is the escudo, which is worth ap proximately 15.5 per cent. From a Handout to a Leg Up! S Jjr ■. ■ f "■ '*Wj Villagers in Costa Rica at work with CARE tools. The CARE package, which started out carrying food over seas to save needy people from starvation, has become a lot of other things: - - A new school. A fresh water supply. A community center. A health center. A road. Tools for farming. Tools for job training. And a whole string of etceteras. In short, while the fight on hunger goes on unabated, the CARE package has advanced from a handout to a leg up to self-sufficiency. And recipi ents of the aid are now "part ners" in the process of bring ing whole communities to a higher level of development. Here's how it works: In signed "partnership" agreements with CARE, national and local govern ments commit definite funds and services which are joined with like contributions from CARE donors. Community groups pledge to give all possible local materials and volunteer labor. A CARE man administers the project and uses funds contributed by Americans to buy whatever else is needed - BY ROBERT B. JOHNSON, Research Director PAINE, WEBBER. JACKSON & CURTIS 2 Member Ne.v York St. >; Investment Selection NEW YORK (ED) —Despite the change in Administration, I believe that inflation will continue to be the major domestic economic problem facing the United States in 1969. The U.S. economy has become the victim of too many "built-ins"—built in increases in federal spend ing, in state and local govern mcnt spend ing and prac- tic a 11 y all wage scales. Inmyopin- B ' on > there's almost no possibility *»• this year of reversing the inherent built-in inflationary pressures in our economy. The .N'ixon Adminis tration doubtless will attempt to reduce the rate of this esca lating inflation. But there arc just too many factors pushing in the opposite direction for any such efforts to achieve actual price stability. Investment se lection should be undertaken with this in mind. Political analysts suggest re sults of our recent election show a subtle change toward more conservative thinking and I believe that in 1909 there will be a similar (and again subtle) change with respect to the stock market. I expect to see more interest on the part of both in dividual and institutional in vestors in Homewhat more con servative issues. Investors arc becoming move attracted to quality shocks more of the variety, and less in the "go-go"' tybe of stoHts. Don't nMsbnderstahd me. Urban Family of Four in Durham Three Standards of Living for an How much does it cost to live? Individual answers will differ, depending on the fami ly's size, manner of living and place of residence, but a new Labor Department study gives benchmarks for a carefully defined family of four in dif ferent financial ciruinstances in 39 areas including Durham. The study - Three Standards of Living for an Urban Family of Four Persons, Spring 1967 - marks the first time the Bureau of Labor Statistics had devel oped lists of goods and services work tools, cement, hardware, roofing, tanks, pumps, and doors. Thirty-four such contracts in 14 countries of Asia, Africa and Latin America have been signed or await sig nature, calling for $524,000 in local funds, $2,344,000 in CARE materials. Here are some things that will result this year: in Honduras, 400 school class rooms; in Guatemala, pure water for 30 villages plagued by polluted water supplies; in Chile, elementary school graduates trained as cabinet makers in 90 new workshops. For the people and nations helped, the partnership spurs initiative and further growth on their own. For CARE do nors, their dollars provide maximum aid that breaks the tragic cycle of hunger, pov erty, illiteracy and disease. Performance will continue to be important. However, this year I think investors are going to put more emphasis on funda mental factors such as the qual ity of earnings and manage ment capability. Because of those continuing inflationary pressures, invest ors will have to take them into consideration when choosing certain industries over others. I strongly believe that it is im portant to design investment strategy to maximize potential performance in industrial areas least vulnerable to inflationary inroads. Labor is the key point. Recent wage increases are twice as large as those of only two or throe years ago. The significant point is that wages arc rising more rapidly than productivity. As I see it, the significance for investors is in recognizing the pattern of today's acceler ating labor costs and concen trating their selection of stocks in areas which may either bene fit from this trendt-or which may be hurt the least. The ten industry areas in which I be lieve there may be above aver age performance achieved this year include: airlines, banks, building, chemicals, electronics, intcrnatiorvil oils, leisure time, life insurance, office equipment and utilities. This would be my list of attractive areas for po tential selection this year. 2/69 and cost estimates at three levels: a moderate or intermed iate level and levels lower and higher. All three budgets share the basic asumption that maintenance of health and so cial well-being, the nurture of children, and participation in community activities are desir able and necessary social goals. For the moderate budget, the Durham average cost was SB6BB in spring 1967 - appro ximately four percent below the U. S. urban average of $9076. The lower cost budget for Durham was $5570, 36 percent less than the moderate. The higher budget amounted to $12,431, 43 percent above the moferate. The lower and higher Durham budgets were $345 and $619 respectively below the corresponding U. S. urban averages. Milk-Fed Spring Lamb Loves Lemon ■r lIIV mm flw wv "" I Iff!! - |Am«rican Lamb Council Photo Since the United States is a fairly young country, with a population representing many nationalities, our food cus toms are in many ways a composite of those of other countries. Take the Greek cuisine. They love lamb, and those who live in the country are apt to spit-roast a whole lamb out of-doors, while those in town use their charcoal stoves. And because the Greek people love lemon in so many of their dishes, it is very much a part of many of their mari nades. Using Milk-fed Spring lamb, which is now at your butch ers, why don't you plan a springtime ntenu around leg of lamb and lemon? It will make your guests sit up and envy your way with lamb. CLOVE STUDDED LEG OF LAMB (Makes 6 to 8 servings) 1 leg of lamb, Frenched 1 tablespoon whole cloves 1 can (10'/4 ounces) apricot nectar 1 teaspoon salt Dash pepper Stud lamb with cloves; place on rack in shallow roasting pan. Bake in 3'25* (slow) oven 2 hours; drain off drippings. Combine nectar, salt, pepper and soy sauce; pour over lamb. Bake 30 minutes longer or until meat thermometer registers 175° for medium doneness, basting frequently. Top with lemon slices; bake 5 minutes longer. Remove lamb to platter. Biend cornstarch and water; stir with bouillon cube into roasting pan. Cook and stir until sauce boils !4 minute. Serve with lamb. If desired, garnish with lemon slices. WHERE FRIENDLY FOLKS DO THEIR BANKING Lots of friendly folks do their banking with us because they've found we are "their kind of people." They've found we are "service minded," and we enjoy dealing with our customers. If you like the "personal touch," come in and see if we are "your kind of people." We think we are. I SS^^ ec^an * cs^^J^ 8 J »«>"■ M*.* UnH«» IW WIST FAMISH »T. DURHAM, M. C. Esso Education Foundation Reveals Grants for Higher Ed. NEW YORK-The Esso Edu cation Foundation today *°- nounced three grants totaling $160,000 for experiments in higher education. Recipients are the University of Rochester, the University of Wisconsin and the University of Illinois. The grants were awarded under the Foundation's SPUR (Support for Promoting the Utilization of Resources) pro gram. SPUR was initiated in 1964 to encourgae innovations leading to improved use of the undergraduate educational resources of colleges and uni versities. Since that time, nearly $1.5 million has been allocated for 35 experimental projects. One way to encourage good teaching is to reward good teachers, yet colleges and uni versities frequently fall to do this because they lack an objec tive, systematic technique for assissing teaching competence. The University of Rochester will attempt to develop such a technique by exploring the relationship among the three measures of teaching effective ness: student ratings, adminis tration rankings, and peer rankings. Both the University of Wis consin and the University of Illinois plan to use their grants for computer-based experi ments aimed at making instruc tion in large classes both more efficient and more attentive to individual needs. The University of Wisconsin will test a unique system which uses the computer to provide students with individualized study assignments based on the results of weekly diagnostic tests. After correcting the tests, the computer will give advanc ed assignments to students who show an exceptional under - standing of course materials '4 teaspoon soy sauce 3 lemon slices '/4 cup water 2 teaspoons cornstarch 1 vegetable bouillon cube and appropriate remedial assign ments to those displaying poor comprehension. In addition, instructors will receive print outs of class strengths and weaknesses to help them plan their lectures and correct in structional procedure. The University of Illinois will experiment with a three stage computer-based learning sequence in political science. Hie first stage will involve the "experiencing" of political situations through a series of role-playing exercises. The second will consist of instruc tion in objective principles. In the third stage, the student will have the opportunity to apply the knowledge he has gained in a second series of role-playing exercises. The Esso Education Foun dation is supported by Standard Oil Company (New Jersey) and a number of its domestic affi liates including Humble Oil and Refining Company, Esso Research and Engineering Com pany, Eddo Priduction Re search Company, Humble Pipe Line Company, and Enjay Chemical Company. Black Students Demands OK'd By Jas. Farmer GREENSBORO Recent demands of black students on the nation's campuses are essen tially sound, says James Farmer, who next month will become highest ranking black man in the Nixon Administration. "There ought to be a black studies programs," said Farmer, who next month will become Assistant U. S. Secretary of Health, Education, and Wel fare, "and if black students want to live together, that should be their privilege." Farmer gave his views in an impromptu session with stu dent leaders at A&T State University last Thursday. He added however, that "It would be wrong to exclude white students from black stud ies programs or black dormi tories. If a white student wants to live in the black dormitory, make him an honorary Afro- American." Farmer told his young au dience that a major part of his new position will be the recruit ing of qualified blacks, Indians and other minorities for jobs /*BETTERSAFE S > \THAM SORRY^ PROVIDE PROTECTION WITH AUTO INSURANCE your rates and bene fits on auto insurance with other companies? jTrSg^Vj^T"*^^^ Before you renew or start a new policy, check with us. Com pare our low rates. CONSULT US ABOUT OUR INSTALLMENT PAYMENT PLAN Union Insurance & Realty Co. •14 FAYETTCVILL! ST. PHONI 6M-U» preme more than "Fills the Bill" if your , D Brother* r motorist. This tire represents a greater OperattaM Mfr. * i,h Softipremes on your cor. Safety "H" r>r » -r~ c-i rU traction sipes assures straight line stops— Kigsoee I ire iaies UT quick and sure starts. Sturdy 4-ply con- fers YOU the finest V struction for strength and dependability. SERVICE Ofl all items Bold wrap-around treod for maximum . . . . DD irCC tread contact and grip. Come in this week SOla me DeST h7lV.ti and try the new Saftipremes. possible Ond flexible MBv HERCULES— Best rubber on the road our own financing.) Hours: Mon. through Thurs. 8 to 6; Friday 8 to 8 H? RIGSBEETIRESJU.ES mrtllw 108 Lakewead Are.. CBS-1383—ZTZt HOWMnegk Kaai. 25M444 # * %/ - . a oU^f I WINS TRIP TO JAMAICA Mrs. Betty Moss, women's edi tor of the Baltimore Afro- American, and her husband are shown prior to their recent departure for Jamaica. Mrs. Miss won an all-expense paid with HEW. "HEW is ahead of the aver age in equal opportunity hiring," he said, "but the situa tion is still not good enough. The federal government has a reputation in equal employ ment, but the records don't show it." Asked about possible chan ges that will arise in the Nixon Administration, Farmer said: "I expect some revisions in welfare to equalize the inequi ties in payments. New York pays one figure, while Missis sippi pays way below that." Farmer, a former national director of CORE, said he is in favor of a guaranteed annual income in the form of a nega tive income tax. SATURDAY, MARCH 22, 1M» THE CAROLINA TUB- trip for two as a winner in a special promotion for Tab. a product of The Coca-Cola Co., Conducted last year especially for women editors of Negro newspapers throughout the na tion. The contest was part of the successful "Mindstieker" campaign that ran in conjunc tion with the introduction of the "New Taste of Tab" in early 1969. Mrs. Moss was one SEAGRAM'S V.O. IMPORTED CANADIAN WHISKY J s*Bs 1.70 StoiiniiP s. - —O yj° N Or o°** *his*y is ma vtA*> «»8 »«OOf SEAGRAM-DISTILLEIS COIIWUIY. I.Y.C. S«.l MOOF. t UEIt . SIX rUIJOII. of three top winners in the contest. HliMrfiViVJlVilM Tal >=7 1 tWMLE ACTMtf Salt /fIit(UKMINIMUM kß^nbsbmirki 3B
The Carolina Times (Durham, N.C.)
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March 22, 1969, edition 1
11
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