Opinions
Martin pushing tax reform
Governor-elect James G. Martin
has moved without delay to get his
platform before the General
Assembly which does not meet un
til early February, 1985.
Martin has said that he will push
for repeal of the sales tax on food
and non-prescription drugs and the
intangible tax.
These items will be first with the
people if he can get them through
the legislature, and chances are
that he can.
WONDERING. ..People are
wondering what Jim Hunt Jr., will
do in the way of politics in the next
18 months. He will probably stay
in the political shades during the
coming 18 months, but he will pro
bably think about running against
U.S. Senator East. However,
former Senator Robert Morgan
has indicated that he will be runn
ing for his senate seat again. Hunt
would probably not want to run
against Morgan.
However, lots of political grass
can sprout in less than two year
from now. Martin without a doubt
would like to see East run again.
ENCOURAGING SIGNS . . .
Two signs are encouraging op
timists about the economy, for tne
next twelve months.
The first is the collapse of ar
tifically high oil prices. Britain and
Nigeria led the parage of price
cutting in mid-October, (OPEC
countries are meeting on the 29th
and are expected to follow suit.)
Last year Britain dropped its
price from $34 to $29 and the latest
Cliff
Blue
People and Issues
price-cutting may bring the price
per barrel down to $26 or even less
in coming months. That would be
a boost to transportation industry
stocks (like airlines) and would
lessen home heating costs, gasoline
prices, etc.
That trend now seems certain.
The other trend is lower interest
rates, not as certain, but indicated
by several trends which became
evident in the last forty days.
As a result, major banks have
dropped their prime interest rates.
The Federal Reserve Board is
widely rumored to have decided to
let the money supply expand, feel
ing the recovery's momentum has
slowed sufficiently so inflation is
no longer a major threat.
That-if-true is likely to mean
lower interest rates in the coming
months.
AUTO SEAT BELTS ... New
York recently became the first
state to enact the law requiring the
use of seat belts in automobiles.
Other states are considering enact
,ment of similar laws.
It's too early to know the result
of New York's effort. But it isn't
too early to know that, for the first
time in a decade, highway fatalities
are up. In the first six months of
this year they increased, per mile
driven, and in total numbers.
This is disturbing, when it's
realized that between 1973 and
1983 highway fatalities were reduc
ed from about 53,000 a year to
43,000 a year.
That's one reason why many
states are cracking down on
alcoholic drivers and increasing the
legal drinking age. It's also a good
argument for the use of airbags,
only slowly being introduced by
the U.S. Automobile Industry.
All statistics prove that drivers
and passengers using seat belts are
much safer, often escape serious or
fatal injury, when involved in ac
cidents. That's why the seat-belt
habit should be adopted by all
drivers and passengers, as a
routine as mandatory as closing
car doors.
COBEY WINS . . . William W.
Cobey, Jr., of Chapel Hill was
elected as a member of Congress,
unseating Rep. Ike F. Andrews of
Cary in Wake County. Cobey ran
a close race against Andrews in
1982.
U.S. SENATE SEATS . . .
Democrats picked up two U.S.
Senate seats, trimming the GOP
margin to 53-47. Although 10
women ran for U.S. Senate seats,
only one to win was the incum
bent, Mrs. Nancy Rassebaum of
Kansas.
Textile bill would help state
A Library of Congress study re
I quested by me is now released.
, The^tudy-4eterroinesJww.many ..
North Carolina textile jobs would
be created if there were a total em
bargo on foreign textile and ap
parel imports.
The study comes at a time when
600 people are being laid off at
Cannon Mills plants in the Con
cord, NC area due to foreign im
ports.
The Library of Congress points
' out that its study does not take in
Congressman
Bill Hefner
rr
Jl
to consideration such things as
what effects trade wars would have
on North Carolina textile industry
if there were a total embargo.
Summarizing what the Library
of Congress found from its in
vestigation of a hypothetical com
plete ban on textile and apparel
imports-there would be 15,000
more textile jobs; 17,000 more ap
parel jobs and 11,000 additional
indirect jobs in apparels.
These 43,000 new textile and ap
parel jobs would be in North
Carolina alone.
A total embargo is not likely,
but this study points out the need
for some type of action against the
huge problem of foreign textile im
ports.
Member F5L IT
6-Month Certificate of Deposit pays
10.80%
1-Year Certificate of Deposit pays
11.05 %
2-Year Certificate of Deposit pays
11.50%
5 -Year Certificate of Deposit pays
12.05%
rffri ' ' ** *????* TWaAlv. M4 RtMflfarCDicfmhtrrmiMunltnarTijvai&tUimmrrq^u
iMtJpmlnfnrnrty ?<ihdnrm>l from all nmrdqxmti.
These are the incredible premium rales you'llrtceive when you bring or mail the coupon
with your qualifying deposit of $K)j000or more. For deposits of less than SIOjOOO. the rales
are one-haifofone percent less. Whichevercertificateyou choose, your deposit at Pioneer
Savinp is insured for up loSIOOjOOO by the FederalSavingsand Loan Insurance Corpora
tion. Therc'snosafer investment around Return ihtscoupon with yourdeposit today The
sooner you do. the sooner you'll start earning big numbers.
ITDI PIONEER
I JT_ SAVINGS AND LOAN
m Dn-rr Ml. ?5 talk tuta ?rM WMfcvta,. NC ?*T14Sn fft IWrr Sl?. MOSoMk M?h,S)rr?. M ia\20-?5W
m WW. Vtnlnlw.NC KX tM*k I ?nXSlrm. EMabMMmii. NCHMTHrH
miwWtMNwli?i?w?n?l.t^?niri.NC??lMW) P? R?*d. wu?ili?t?i. VC 2>4av?55
Here's my check for $
m he deposited in ?
check one ? 6-month ? I -year 02-year DS-year certificate of deposit
Please regwer my account in the name<s) betow.
(please print)
Name(s). __ ? ?
Address:
City:
Stale
Phone < ).
Signature: _
Social Security/
Ik* I D Number:
.Zip
Jflj
"AMA2IMG... WE'VE DISCOVERED A PEOPLE WHO DON'T WANT ANY F-15S "
Football players want cut
What with the college football
season at its peak, perhaps you will
permit me another thought or two
on that weighty issue facing our in
stitutions of higher learning.
Should college athletes be paid for
their services?
In the first place, we might as
well face up to the fact that it's
already happening. Nobody talks
about it much, at least not in
public, but colleges and lyiiver
sities do have ways of. compen
sating those brave young men who
give their all on the fields of honor.
My son tells me about this friend
of his who plays ball for a big
name university. The guy receives
six tickets to every home game.
This is reasonable, of course, since
any young man in a similar posi
tion would want to have his Mom,
Dad, girl-friend, and other loved
WAGON WHCCL RISTAURANT
Harris Ave.
DINE WITH US
THANKSGIVING DA Y
Turkey With All The Trimmings
Open till 3:00 p.m.
For Carryout Call 87S-6752
Lucie n
Coleman
*
Things That Matter
ones sitting on the 50-yard line at
all the games.
But the story doesn't stop there. ^
This young stalwart also has
a--well, let's call him a
"sponsor"-a rich alumnus who is
willing to take the tickets off his
hands at a cost of $200 per ticket.
Not a bad income for an unpaid
gridiron hero. In fact, it enables
this particular lad to drive to the
stadium in a brand new sports car.
Other players have to work for
their expense money. For example,
consider those athletes who have
the grueling task of turning the
lights off in the gymnasium every
evening. That nightly duty takes all
of 15 minutes; but the jocks who
have that job collect pay for an
8-hour shift each and every day.
Another job, watching the grass
grow in the stadium, is an even
more demanding job, because it
calls for such a high level of
technical skill. No, it's not a joke.
You see, someone has to keep an
eye on all that natural turf, to
make sure it doesn't get too long.
And who is a more logical choice
for the job than the guys who have
to play on the grass all the time?
?..~>BuU?ome..xollege athletes are
now insisting they ought to be paid
for playing the game, not turning
off lights or watching the grass
grow. "The universities make
plenty, of money off of what we
do," they reason, "why shouldn't
we get our share?"
There is some logic to this posi
tion. But it doesn't take one major
consideration into account. What
they are getting, in return for their
bruises, is four years of free train
ing for highly lucrative careers in
professional sports. And, the best
of the breed become national
media heroes before they finish
college.
PROOF YOURE
NOT POWERLESS
TO CONTROL
YOUR POWER BtL
Not long ^o,
Mr Ray hagera
Wilmington signed
upforUm_s lime
of-Use-Rates.
"With a small
Mr jwe&i Thcmrwon
A 5%dKca/* ftomZP&L
adjustment in our
daily routine," reports Mr Mager "we're saving about 20%'.'
In Goldsborq CF&Ls V\ater Heater Rebates are
working well for Mrs F&m Farmer: 'Anytime you can save
money and theres no inconvenience, whynot do it?"
Meanwhile, in Louisburg, Mr Joseph lharrington used
our 6% Loan Plan to better insulate his home The imprcved
energy efficiency not only sawes him money It also qualifies
him for a monthly 5% discount from CP&L
Call for details As these people prcMe,youcan control
your power bills And the power company can help.
CNUL