President Ford's Veto Kills
Employment Hopes For Blacks
By Charles Ε. Belle
Special To The Post
President Ford's veto of the
Humphrey-Hawkin's jobs bill
kills any hope for more em
ployment among blacks for
the remainder of the'year Thé
public works sector of the
program could have provided
jobs in the ghettoes of our
nation. Unemployment for
blacks and other minorities
may actually take a hike as
the economy edges forward
ever so slowly.
Indeed, the month of May
unemployment figures reveal
ed a rise up to 7 percent
from 7.3 percent. In addition,
there are not even promises
from Presidential politicians
to put blacks on the payroll.
This peanut strange pheno
menon of pretending that
black people do not exist
economically by politicians
can put black bus.iness 2(H)
years in the arrears. The idea
that a possible increase in
inflation will be the result nf
increased public spending ap
peals to the already employed
person
But the rate of inflation has
already dropped by nearly 30
percent from its old high of
13.6 pejtetjt Economists are
predicting rates ranging from
as low as percent of the
pre-President Johnson years
to a high of six percent which
is considerably less than Ni
xon years.
The Federal Reserve Sys
tem. the nation's money ma
nagers. might be relaxing its
v. VV..V « ν II υ u Ull. IVWCIIIIJ,
the Fed. injected more money
into the banking system, when
everyone, economists and idi
ots alike, though it unneces
sary .
When federal funds, uncom
mitted reserve dollars banks
lend one another, cost around
5'2 percent, the Fed poured in
more money to bring the rate
down. This figure had been
felt to be the point for constant
growth of the economy. The
Fed by giving more money to
the banks can bend the rate
lower so banks will offer loans
cheaper.
When money is cheaper
business -borrows and ex
pands-stimulating the econo
my. The Fed obviously felj
stimulus was needed for the
stagnant economy
The sober men of the Fede
ral Reserve Board have notic
ed something about this econo
my. It is so slow, it's almost
standing still. The big benefi
ciaries of the "steady" growth
are the big corporations who
will enjoy a predicted 3ff plus
percent profit increase over
last year. Prices have simply
not come down as fast as cost
have for major American In
dustry.
In the process of cutting
cost, many companies elimi
nate their marginal and mino
rity work force. The marginal
and minority workers are un
likely to be called back unless
the economy is running full
blast. Only when industry
(eels it can get additional
profits is it going to put on the
last hired and first fired work
er. (NNPA)
WALTER DAVIS
...Olympic gold medalist
WBTV, Chamber
' ι
Honor Walter Davis
WBTV and The Charlotte
Chamber of Commerce spon
sored and hosted a day honor
ing our local Olympic Gold
Medalist baskdtÇall star, Wal
ter Davis, on Wednesday7i|i
gust 25th at 12 rloon in theTirSt
Union Plaza.
Mayor John Belk has pro
claimed the day as "Walter
Davis Day" presented the
proclamation at a brief cere
mony in the Plaza. U.N.C. and
Olympic coach Dean Smith
was present along with se
veral other medal winners.
At 12:30 p.m. a luncheon
was held on the 30th floor of
First Union Tower to honor
Davis.
Davis; a resident of Pine
Elizabeth Avenue
Buftern To Resume
Regular Schedule
Effective Monday, August
23 bus routes 1-Providence
Rd.; 7-Monroe Rd., 8-Queens
Rd. and 19-UNCC will resume
their regular schedules along
Trade St. to Elizabeth Ave. to
Hawthorne Ln. The detour
using Third and Fourth
Streets will be discontinued
due to the completion of
bridge construction on Eliza
beth Ave.
I 1
ville. North Carolina, had a
brilliant career at South
Mecklenburg High in Char
lotte, leading the Dave Price
coached team to three state
Chapel Hill where he is pre
sently beginning his senior
year.
During the 1975-76 season at
U.N.C. Davis led the Tar
Heels in steals with 71, was
second in blocked shots with
16. third in scoring with a 16.6
average, was ranked number
one among U.N.C. players in
Dean Smith's overall rating
system, and usually drew de
fensive assignments against
the opponents best player.
Most recently Davis was a
member of the United States
Gold Medal winning basket
ball team. They brought the
medal back to the U.S. after
the controversial defeat to (he
U.S.S.R. team four years ago.
YMCA Reduces
Γ Τ Λ1·\
Price For
Disney world Trip
Let's go to Disney world ιι.·
weekend of September l.
1976. Due to the excel!·-rsi
response to this trip, tin
YMCAhas been able to get .in
even better price: $50 ρ· ι
person. That's right, $50 f».i
transportation, admission fe<
and motel costs. A $25 depot '
is due by August 27.
For more information
please contact the McCror< >
Branch, YMCA, 394-2356.
Check the ads in the Char
lotte Post each week for the
best bargains in t „
GLASS FILAMENTS that are 300 times finer than a human
hair can be drawn from the melting furnaces of PPG
Industries' Lexington. N.C., fiber glass plant. The sample
that orientation trainer Mae Crump holds shows the
appearance of the cooled glass strands as they leave the
forming device. Wound onto spools, the continuous filaments
find wide use as textile yarns and reinforcements for plastic
and rubber products.
Barber-Scotia Enn
Barber-Scotia College h.i>
launched its new academic
year with the admittance ·>ι
over 165 freshmen.
Ms. Odessa Ragland, the
new Director of Student Ser
vices, "believes the atmos
phere and attitudes of this
group of young people has all
the indication of producing a
positive image which will gen
Food Town,
Lowe's W ithdraw
From Merger
Salisbury, N.C. -- Food
Town Stores, Inc. and Lowe's
Food Stores, Inc., jointly an
nounced last week that the
boards of directors of the
respective companies have
mutually agreed to withdraw
from a previously announced
merger agreement.
)lls 165 Freshmen
erâïë goodwill throughout the
campus as well as the com
munity.
Miss Ragland also stated
"In keeping with the Barber
Scotia tradition, the freshmen
orientation period will inelud<
molding a positive individual
character with a foundation oi
Christian ideals." She als···
said, "that the Office of Stu
dent Affairs at Barber-Scou.i
will strive to develop or int> m
sify living and learning iti
residence halls, and will brniK
to the campus a variety m
cultural enrichment pin
grams."
The freshmen class conn
mostly from North and Sont h
Carolina, and as far west .1^
Chicago and as far north .1*
Massachusetts.
Thé freshmen orientation
period will conclude with tin·
year's first convocation pro
gram on September 1, 1976, in
the Barber-Scotia Convoca
tion Center (Health and Physi
cal Education Building ).
OLIVER Ν. FREEMAIN
This is an attempt to express to
my many supporters, contributors
workers and well-wishers of n«;.
recent candidacy for. Board ol
cation, the very strong suppor' 'ha'
received from my many fne .
both heart warming and i t· <v- .
ing. You can rest assured th.t'
express my appreciation tl ·
my continued involvement
best education possible fot . ; ι
children.
SI BSCHIBE τυ
THE
CHARLOTTE
POST
CALL
392-1306
Jl ST
COMPLETE THE
COUPON BELOW
AM) MAIL TO:
CHARLOTTE POST
Ρ Ο BOX 97
Charlotte, "Y C.
28230
M
One year W W)
13 weeks $3 00
ΓΊ Puvmenl enclosed
t~~ '
i Six months S5 50
Two years $14 00
Bill Me loiter
Name
'Addr**»
Statv - — Zip
Reid's Super Food Market j
*** 2321 West Blvd. * * * I
|j GRAND OPENING SPECIAL )j
κ Turkey Neck*
I 3 11*. for 99C
I
Sweet Potatoes
4 lb*, for $1.00
Λ
il
« M t. Dew (>r Ginger Ale
64 oz. for 69c
M" «M "if
NATIONAL AI J JANCE AGAINST RA< IS I AND POLmCAL REPRESSION
National March For Human Righto And I^abor Right»
RALEIGH, NORTH CAROLINA LABOR DAY/MANDAY, SEIT.6
Bus Tickets to the Raleigh March
Buses to the March in Raleigh will be leaving the Campus of Johnson C. Smith University at
7:30 a.m. on I^abor Day. Returns same day. Round trip ticket cost is $5
Clip and return coupon if you wish a ticket (/
Charlotte Alliance Against Racist
And Political Kepression
P.O. Box IfW 597-7538 37β-7Ιίί5
Charlotte. N.v. 28201
< ι I wish to Purchase tickets for the bus trip to Raleigh
( ι I wish to become a member of the Charlotte Chapter of the Alliance (membership for one
year is 95.00) ,
( ι I wish to receive more information
Enclosed is dollars for tickets
«
Name
Address
City State
Telephone ......
rmation about the Alliance ™
têts or membership β
te Zip H
Firestone
CAR SERVICE
when we service your car you receive Very Important Prote:tion at
• Written \\ arranties on all guaranteed · Free t ar in«pci tion. Vfery IflGXpeflSIVE P'C8S'
products and semces. .0nly ,he serv,ce« >0U authoriz.-d
• Worn parts for your inspection. perform·*! at prices you okayed
^^gggndabl^a^ervice.
LUBE & OIL
CHANGE
Ini lurlos up to 5 quarts of high
Κ ra<l ο cm 1 _
0 q All cars and
OO light trucks.
ADD »' 10
10 W 30 Oil
|C*: »or an arpo-'-tment \Q avo.d cie'ay
AIR CONDITIONER
SERVICE
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Test for !eak«: rhwk arvi add
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licit*: ι hoi k ho.«-s. clp»n ι on
denser; < herk fin.il pertor
manu·. Part s, additional
material arid major repairs
extra.
FRONT END
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GET TMi GRIPPER
IT'S A GRABBER!
ENERGY-SAVING
TUNE-UP
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FRONT DISC &
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TIRES FOR COMPACTS. IMPORTS!
CHAMPION firttton· MINI-SPORT
OPEN AN
ACCOUNT
WE ALSO
HONOR
BankAmericard · Μλμ
Diners Club · Amène*
C»rte Blanche
$17.95 »' u
Blacfcwall F E T
*17.00 J"
fits m»ny
B!? ■ .· ' '
$27.00
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Vs/cfSf
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1148 Ashley Rd.
394-9171
8-61)ail\ Sal 8-12
6325 I'inovillf* Rd.
525-9190
Mon-Fri8-6 Sat 8-5
Arnwt From Lowe's
DimnloHti
530 S. Τ ryon
334-8687
Mon-Fri 7:30-6
Sal 8-4
53Μ) Κ. Ind Blvd.
535-2374
Mon-Fri 8:30-6
Sat 8:30-5
I'urk Komi
Shopping ( rriirr
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FriH-9 SiilK-6
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Shopping Onicr
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