December 7, 1974
' How
* In Youi
by Ray Dempsey
h? ; *
Your dollar today doesn't
buy what it once did. And with
more inflation, it may buy
*SS8SKS"iasaw^iy"rn6st people should plan
to CnPflHitnACD r\f fVtat* ' ? - -
vrft Hitli IIIIUIUCS
for necessities such as fopd,
fuel, and utilities -- and will
have less money left over for
other things.
| t
TIPS FOR GETTING THE
MOST OF YOUR DOLLAR:
1. Turn off the water - .
tight! -- when you finish
A&T In ?i
' East Afri
A D T Cx-a- ft
/\oci aiaie university nas
been named a partner with
West Virginia University in a .
$1.7 million project to assist in
agricultural development in
East Africa.
The grant, sponsored by the
Agency for . International
Development, was announced
Wednesday by Dr. Burleigh
Webb, dean of the School of
Agriculture at A&T,
Webb said that in the new
project, A&T will provide
technical assistance to the
Republic of Tanzania in
developing trained manpower
for that nation's agricultural
.industry.
' 'The government of Tanzania
is deeply interested in
upgrading the state of
?agriculture in that country,"
* said Webb, "but has been
handicapped by insufficient
trained manpower. This is
where we will come in to assist
! that government with technical
assistance during this
four-year project."
Webb, who visited Tanzania
earlier this year, said he
expects the new project to
make a significant difference
in the productivity and
agricultural economy of the
developing nation.
? <ft- i ir r i.i?
Ii iic general wenare 01 me
villager in the countryside
should especially be helped,"
said Webb.
He said a nine-man team
from A&T will be assigned to
participate in the African
| > project.
Webb said A&T will assist
in the development of
agriculture programs at two of
Tanzania's Institutes, which
I are similar to this nation's
.. community colleges. He said
special training will be
provided in the areas of
' animal health, agricultural
economy, soil science, agricultural
engineering, agronomy
and livestock management.
A&T has also been asked to
assist in. the development of .a .
? v
H
e 9 ~
ToSave M
r Everyday
washing.
2. Never leave an iron going
"when you're not using It ? it's
dangerous and costly.
3. Weatherstrip your doors.
Keep storm windows up all
4. Make sure the thermostat
on your furnace . works
properly.
5.Then turn it down and
leave it down.
Remember: 'Don't become
so stingy that you squeeze all
the fun out of life, but try to
save something. These savings
could be used to make
your life^a little happier, later.
I 7 Millt/vn
can Study
program in agricultural education
at the University of Das es
Salaam, and to provide
advanced training here for
faculty members of Tanzania's
institutes.
Webb said A&T will provide
v some of the persons to teach
- specified agricultural subjects
in Africa and will also furnish
some of the technical
assistants to study - the
capabilities of the African
institutes.
"The government of Tanzania
has an announced goal
of becoming self sufficient in
agricultural manpower by
1980." said - Webb. _"This
program should help them in a
big ay."
f This year m
A Singer*
makes ?
a wantsense!
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A TndWIWt el THt StUOi* COMFANV
f??T . t V
I ? . i < m*? ' r H
.... Van - . ,~>i? 'IWW -*-:? <
The Winston-Salem Chronicle
oney
Affairs
ShaMt_Pro?_^
To Speak an
internationally recognized
expert in the field of African
culture will speak at' Shaw
University, Thursday, De-.
cember 5 at 7:30 in the
Student Union Ballroom.
n- Unn Irtrtkonnno line
i. uvu ?iutnaiui?ti was
received his Ph.d. in culture
and anthropology at Cambridge
University at England
and a Ph.d. in History at
Barcelona University at Spain.
Dr. ben Jochannan owns a
publishing firm and has
published several books on
African culture.
Dr. ben Jochannan's appearance
is a part of the
Lyceum Program at Shaw
University.
A&T recently completed a
two-year agricultural development
program with Ohio State
and West Virginia University
to assist the nation of Uganda.
The people's government,
made for the people, made
by the people, answerable to
iL.
?r?c pcuyic.
?Daniel Webster
Senate Speech, 1830
' FDR Advice
When his son, James, asked for
dad's advice on speechmaking
FDR said: "Be sincere, be brief,
be seated!"
ore than ever, - 4*
Saving Gift
nSMH
Reynolds says: You V
fford all the clothes you
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^ .11 M'*i" . * SV
J i M .. t? ?
'O
Page 3.
The Effects r_
Of A Devaluation
by Charles T. Byrd Jr.
? . ? V v
~v" ' .. '
4
One alternative to inflation is devaluation. This economic tool
is misunderstood by many. However, it should be recognized
that while devaluation would take pressure off the gold supply v
Inflation makes many people uneasy about the future of the
currency. So those who can turn in their dollars for gold do just
that as they see the value of the dollar rapidly sliding
downward. The redemption is usually sought by foreign banks
and governments.
?? % '
In an effort to discourage Hie gold drain, the government
simply defaults on its agreement to redeem dollars with a
stated amount of gold. Only it is not called a default; it is called
a devaluation. For illustration, let's suppose that the
government has promised to redeem one ounce ofgold for every
35 dollars turned in. The government now changes the rules in
the middle of the game. Now it will only redeem one-half ounce
of gold for 35 dollars. The effect is a 50% devaluation resulting
in changing"the rate to 70 dollars per ounce cutting the dollar's
redemption value in half.
The net effects of the develuation will temporarily benefit the
economic balloon. Immediately following the devaluation,
prices^n-afMntematkmaF commodities wth increased- m?
proportion to the extend of the devaluation. The higher dollar
prices will lessen American demand for many international
products causing sales and prices of items to fall off somewhat.
The standard of living for Americans will also fall due to the
higher prices of imports. This will cause a readjustment period
in which inflation-inspired items (the glamour industries) will
be hit the hardest.
%
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