2TT.a DlJy Tar Heel Friday, September 1978
c
aster inef ficieiicy fiil
inniflla tiioii' rate?
Dv JIM HUMMEL
Staff Writer
President Carter's lack ofleadership is
the underlying cause of the nation's
continuing price and wage inflation.
Professor Maurice Lee of the UNC
School of Business Administration said
this week.
"If the Carter administration had
instituted strong policies over the past
two years, we wouldn't be where we are
today. Lee said.
The federal government this week
released reports indicating inflation as a
prime contender for the spot of No. 1
economic problem. As a result of
spriraling inflation, conditions on other
economic fronts appear to be worsening.
"1 think the dollar is as much a problem
internationally as it is here at home," Lee
said. "You can't blame it on oil prices v
because when you look at the rise in the
cost of oil over the last two years, it's less
than the inflation rate."
The government report revealed a .7
percent drop in the leading economic
indicators, the first downward movement
since January. But Lee said looking at the
leading indicators alone does not give a
complete picture of what direction the
economy will take.
There are a number of indicators used
to predict the course we're taking. But it is
possible for those to point in one
direction and the economy not follow,"
he said.
Other infrequently used indicators do
not predict the same downward trend as
the leading indicators, he said.
Another cause of rapid inflation rates
is excessive congressional spending.
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tfhatf counts!
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r
FRESHMEN & SOPHOMORES
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You may be eligible for:
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Summer cruises
and after graduation:
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according to Roger VVaud. a professor of
economics at the University.
"Congress is spending faster than tax
money can be taken in." Waud said.
"Trade deficit, inflation rate and other
things are difficulties we'll have to deal
with (over the long run). But this is one
area that will have to quickly be brought
under control.
President Carter said he will toughen
his anti-inflation program, but he has not
set specific guidelines. One thing the
president said he will not do is institute
wage and price controls unless a national
emergency arises.
Both Waud and Lee agreed that wage
and price controls are not effective in
combating inflation.
"1 think these controls are only a
temporary solution. They will not be
effective in the long run, Waud said. "1
think at this point we should get away
from gas regulations so we will not be
forced to import oil from other
countries."
Closer to home, Lee said the economy
of North Carolina is in good shape.
Wachovia Bank & Trust Co. this week
issued a report pointing to rises in various
business indicators across the state. The
overall index was up . 1 percent from the
June level. '
Lee said the Tar Heel economy .is
growing steadily and should continue to
do so. Traditionally, North Carolina has
not necessarily mirrored national
economic changes.
"As we become more developed (in
North Carolina), though, we fluctuate
with the rest of the country. We are
beginning to grow and see more advanced
technology," Lee said.
For The Record
A story which appeared in the
Thursday Daily Tar concerning the
conflict between the CGC and theJUNC
Media Board incorrectly identified
Frances Sparrow, director of the Student
Activities Fund Office, as Mildred
Sparrow. .
The DTH also reported that Sparrow
refused to approve a transaction between
the Media Board and the Alchemist, but
Sparrow does not have this power. She
must abide by what the CGC approves.
The reference to a loan sought by the
Alchemist also was incorrect. The
approved moneys came in the form of a
grant, not a loan.
s
When ijouVo rcachj for a camera of
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features for ijour own needs:
The Pontax K lOOO
K lOOO with 40mm f28 tens 159.95
K lOOO with 50mm f2 lens 169.95
Durot Plastic Tanko with
onlj
Stainless Steel
Tanlio
from
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CHAPEL HILL 929-5555 Open 10 9, Mo n. Sat.
House upholds Carter's carrier veto
WASHINGTON (AP) President Carter won a surprisingly strong victory
in his first veto confrontation with Congress as the House upheld on Thursday
his rejection of the Defense Authorization Act and its $2 billion nuclear aircraft
carrier.
Despite an intensive bipartisan campaign mounted by the armed services
committees in both House and Senate to override the Aug. 1 7 veto. Carter was
sustained with power to spare.
The vote to override failed 191-206, or 74 votes short of the necessary two
thirds. Leaders on both sides of the issue had predicted a much closer outcome.
The overall $37 billion measure vetoed by the president was sent back to
committee, where the carrier, decried by Carter as wasteful, will be deleted and
other projects may be added at his behest.
Fretwell to be UNC-C chancellor
E.K.. Fretwell Jr., president of the State University of New York College at
Buffalo, is expected to be elected chancellor of UNC-Charlotte, according to
published reports.
UNC President William C. Friday will recommend Fretwell for the
chancellor's job, The Charlotte Observer said Thursday.
Fretwelfs election by the lull UNC Board of Governors is expected. today,
according to the paper.
The board will select a successor to Dean Colvard who is retiring at the end of
this year as chancellor of the 9,000-student university.
Senate approves judicial reform bill
WASHINGTON (AP) - The Senate approved a bill Thursday to establish a
council that could remove federal judges who are disabled or who violate "good
behavior."
The bill, passed by a 43-31 margin, now goes to the House where action this
session is considered doubtful.
Sen. Sam Nunn, D-Ga., the bill's sponsor, said the measure was needed
because the constitutional provision for impeaching incompetent, disabled or
corrupt judges is rarely used.
Opponents argued that the legislation would tamper with constitutional
safeguards designed to protect an independent federal judiciary.
The bill would establish a Council on Judicial Tenure, consisting of one
judge elected from each of the 1 1 circuits of the federal judiciary and one from
. each of three special federal courts.
'Whistleblowers' will not be prosecuted
WASHINGTON (AP) The Justice Department has ordered U.S.
attorneys not to prosecute "whistleblowers" on charges of stealing government
information.
In a memorandum distributed Wednesday, Assistant Attorney General
Philip Heymann, head of the criminal division, said it is inappropriate to bring
such charges against public officials who reveal government information "for
the primary purpose of public exposure of the material."
However, Heymann said officials could still be charged with other offenses,
such as unauthorized dissemination or possession of government information.
Daniel Ellsberg was charged under that law in the Pentagon Papers case as well
as under a law prohibiting theft of government property.
Duke-ioeKrCofgets
RALEIGH (AP) The N.C. Utilities Commission made a minor
adjustment and then gave final approval Wednesday to a $40.3 million rate
increase for Duke Power Co. that will boost charges by approximately 5.25
percent.
The rate increase was made effective for service rendered on and after Sept. 1,
and Duke was told to notify its customers of the rate change by first class mail
during the next ndrmal billing cycle.
Where else can you
spend a nickel arid walk
away with a book?
The Old Book Corner
137-A E. Rosemary St.
Chapel Hill, N. C 27514
1
2 Reels
rate .hiket
sccxmlinjj
2X21
Pizza
Transit
Authority
We Need Delivery People
QUALIFICATIONS
1. Previous food service
experience
2. Appearance appropriate
for food service
3. Knowledge of UNC campus
4. Willing to work for tip
5. Have car
BENEFITS
1. Start at $2.65 Hr.
2. Plus commissions
3. Bonus and tips
4. Food on job
5. Flexible scheduling
6. Good folks to work for
Apply in Person
300 W. Rosemary
STUDENTS
-The
ONLY
Way T FunM
Renting furniture few a J-room apartment cost tew thn
3 beers per lay trt our STUDENT FURNITURE
RENTAL PLAN.
fc3 $37,881
' tt'it' n.' , mi g-t im a 4-mooth lease
( Vi Ll Mt ) CM Tt TDIf Ljmpi
u ti'-J Trv CVw Cih ia.i Tni On O-nette and
f Mift '-.2 O-aiits D'm a"c1 Mrro or Cest or
Q
MHSOUASE'
263 Chapel Hill Boulevard
493-1481
t lt- -6 Mon Tni
9 3 Sal
I WORTH
FREEDLIVAY
MO
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Announcements
A LOVING TIME! "And walk in love, as
Christ also has loved us." Eph 5:2. Full
Gospel Fellowship tonight.' 7:00 pm
UNION. Come where the LOVE is!
CREW IS CATCHING on all over
campus. Come join us, the UNC Crew
Club. Watch the Campus Calendar.
ATTENTION VOLUNTEERS Organizational
meetings for those interested in working at
Umstead Psychiatric Hospital will be held
Tues. Sept. 12 and Wed. Sept. 13 at 7:30 pm,
Rm 215 Student Union. If unable to attend,
please inquire at the Campus YMCA.
ATTENTION SOCIAL!
COMMITTEES: Nightshift. Chapel
Hill's finest dance band, still has some open
dates on their Fall Schedule. Book the
best! Call 933-9876 after 6 PM
Personals
K.B.: I can't understand it. Arno should've
said something by NOW. Could be he needs
some encouragement. Ill speak with him,
Woof. Signed, Unshaven.
JEPPY: My dearest Tribble. I love you
bunches! It's the little things that mean so
much Liebchen. P.S. Let's get Rowdy!
WANTED: ADVENTUROUS MALE
WITH EXCELLENT PHYSIQUE for birthday
party cake. Personal interview required.
Excellent fringe benefits. Call 929-9302.
POOH: I LOVE YOU and what's-his-names's
round ground ain't half bad either (what of it
there isn't). Tigger says hello and he misses
you muchly. Later, Honey.
HAPPY BIRTHDAY PAULA, Pee, PinbaU
Wizard, and Title 9! We love all of you!
Janet, Teresa, and Bab
For Sale
GOOD CAMERA! Olympus OM-1 for
300.00$. Includes 50 mm lens, filters, two
focusing screens, strap and lens case. Call
now! 933-1259 days or 942-2368 nights. (Mary)
negotiate!
FOR SALE: FRIGIDAIRE 6 cu. ft. refrig.
Royal blue with wood veneer top. Good
condition, 130. Call 929-3686 ask for Tom or
Mike.
r?HODON WClVER?I80tts
r-un, r.oi .itn H eoworal
features smaller receivers don't. Call 929-9006
set a time to come by for demonstration.
USED FURNrrURE. Over 10,000 square feet
of desks, chests, tables, chairs, sofas, beds,
lamps, rockers, bookcases. Hundreds of
UNFINISHED 'ITEMS. TRADING POST
South Greensboro Street, Carrboro 942
2017. MOBILE HOME FOR SALE Good condition,
all appliances, A.C., two bedrooms & nice
wooded location. Partly furnished. $2750. Call
967-7180.
MOTORCYCLE. HONDA 250-XL, just
tuned. Excellent condition. 6000 miles. Can be
seen at Laurel Ridge Apts., Chapel Hill, daily.
425 firm. 489-8206 Durham, nites.
LOST: SMALL BLACK AND WHITE CAT
in vicinity oj McCauley Street. Call 967-1741
or come by "305 Pittsboro Street. Cat may
answer to "Stella."
LOST CAT! Reward for finding my sister's
Absynnian. Ransom Street area. Has brown
'wild rabbit '-like fur. It scares easily. CAHMike
967-6531. Name: Paque.
Help Wanted
BABYSITTER NEEDED: 5 year old girl.
Thurs. from 1:30-3:30 pm, occasionally later.
Starts Sept. 14. Pay s1.25hr. Colony Woods
near Eastgate. Own transportation". 967-8448.
WANTED: MALE VOCALIST to sing lead in
promising new top 40 dance band. Should
have good range. Call 933-6024 or stop by 5
Old East, ask for Chuck.
HELP WANTED: Part time cooks and
waitresses needed. Flexible hours. Apply
in person at Peppi's, 208 W. Franklin Si.
and 15-501 By-pass at Eastgate.
WAITRESSES AND COOKSr needed for
evening and day work. Contact THE CREPE
ROOM, Willow Park Mall. Chapel Hill Blvd.
489-6017
PART TIME JOB providing after school care
for 7 yr. old boy, Mon & Wed 239 to 5 PM.
Must have car. 929-6607 after 5 PM.
AFTER SCHOOL CHILD CARE needed for 7
yr. old boy. Monday through Thursday from 3
pm to 5:30 pm. Male or female acceptable. CaS
929-3614.
ADORABLE ONE YEAR OLD GIRL needs to
be picked up on campus and cared for at our
home 3-4 daysweek, noon to 3:30 pm, 929
2690. WANTED STUDENT TO GO TO
WILMINGTON Sunday 2 pm, return Monday
night. To assist in repairing apartments.
'3-50hr. plus roomboard. Phone 929-1795,
Prof. Brandes.
Yard Sale
YARD SALE Sat. Sept. 9, 8:00. Farmer's
Market near Carr Mill. Especially good for
students.
Instruction
FREE DANCE SPACE is offering a free
introductory adult dance class Saturday,
Sept. 16 at 1 :00 pm. Tap, Ballet, Jazz, Modern.
For more information call Noel Grady-Brown
929-1239, day or Marion Calloway 1-732-8005,
evenings.
LEARN TO FLY Non-profit club offers
absolutely lowest rates. Fully insured, local
since 1961. Ground schools, flight training.
Call Chapel Hill Flying Club, 929-5725.
SANDEL DANCE STUDIO, Ronnie Sue
Mandel, Instructor, Classes in ballet and tap
for children and adults Beginning,
Intermediate, Advanced levels. Air
conditioned studio, hardwood floor.
University Square-lower level. Register
Now For information call 929-7304.
Miscellaneous
COMETO A GRAND OLD PARTY at the
Mad Hatter, Sunday Sept. 10, 5:00 until ???
Admission U.50. Free beer 5:00 till 6:00.
FOR PROGRESSIVE POLITICS without
regressive jargon read In These Times, a
national independent newsweekly.
Available weekly at the "Bulls Head" in
Student Stores.
MCAT REVIEW COURSE begins Sept.
11th 6:00 pm at Ramada Inn on 1-85.
Tuition $170 plus 20 refundable deposit.
Call 471-4588 for more info.
ONLY U WITH STUDENT I.D. for the
"Back to School" Boogie Party with
NIGHTSHIFT at the MAD HATTER tonight.
Be ready to boogie with NIGHTSHIFT!
Roommates
WANTED: LOOKING FOR A
CONSIDERATE female upperclassman to
share furnished two bedroom Old Well Apt.
15GV month '- .utilities.' Call Kathyat 967
2472. Tf PlJRft!WiiWIte
to share one bedroom apt twcTbloekS from
campus. 62.50 per month plus utilities. Call
Joanne at 967-4276' after'&OO."
FEMALE ROOMMATE WANTED to share 2
bedroom apt with 2 other girls. Colony Apts.
Call Julie af 929-7490 after 2:00. Rent 78
13 utilities.
I AM LOOKING FOR a gay roommate in the
campus housing system. If you are having
roommate problems, or if you would just like a
gay roommate, please contact Don at 933
8832. ROOMMATES (TWO) NEEDED, male or
female for male grad student in Romance
Languages. At the Oaks. 3-bedroom apt,
fireplace, pool, on bus line.'J116 plus 13
utilities. P. OTCeefe, Dey Hall, Rm. 215.
Tickets
NEEDED: TWO TICKETS to any and all
UNC home games. Call Karen at 3-6256 and
make offer.
FREE TICKETS for all Carolina home
football games! Listen to FM 107
VVDBS to win. There is a cure once the
last seat is sold.
C lassified info
Pick up ad forms in any classified box at all
DTH pickup spots or at DTH Office.
Return ad and check or money order to
DTH Office 12:00 (noon) I day before the
ad will run or in campus mail 2 days before.
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Rates: 25 words or less
Students $1.75
Non-students $2.75
5c for each additional word
$1.00 for boxed ad or bold type ,
Please notify the DI H Office if there are
mistakes in your ad. immediately! We will
nl be responsible for the first ad run.
The DHy Tar Heel is published by the Daily Ter
Heel Board of Directors of the University of North
Carolina daily Monday through Friday during the
regular academic year except during exam period,
vacations and summer sessions. The Summer Tar
Heel Is published weekly on Thursdays during the
summer sessions.
Offices are at the Frank Porter Graham Student
Union Building, University of North Carolina.
Chapel Hill. N.C. 27514. Telephone numbers:
News, Sports 833-0245. 933-0246. 933-4252.
933-0372; Business, Circulation, Advertising
933-1163. .
Subscription rates: $30 per year; $15.00 per
semester.
The Campus Governing Council shall have
powers to determine the Student Activities Fee
and to appropriate all revenue derived from the
Student Activities Fee (1.1.14 of the Student
Corfstttution). The Daily Tar Heel is a student
organization.
The Daily Tar Heel reserves the right to regulate
the typographical tone of an advertisements and
to revise or turn away copy It considers
obfactionable.
The Daily Tar Heel will not consider
adjustments or payment for any typographical
errors or erroneous Insertion unless notice is
given to the Business Manager within (1) one day
after the advertisement appears, within (1) day of
receiving the tear sheets or subscription fit the
paper. The Dally Tar Heel wiU not be responsible
tor more than one Incorrect insertion of an
advertisement scheduled to run several times.
No Bee for such correction must be given before
the next insertion. v
Ctete-eBagley Business MunaKi
Neat Kimball AJtriiing .Manager