Cedar Rapids Gazette (Newspaper) - October 29, 1974, Cedar Rapids, Iowa The Ci'diir Kapiits tiazrtlr: Tucs., Oct. 29, 197) 5 COl'NCIl, HU'FFS (AP) -Iowa's now consumer credit act is having :i severe impact "ii NIC ecoiiomy (if Ciiiineil Pluffs JUKI probably other communities in Hie slate. Till1 average euiisunier is finding It difficult to get ereilit "ii purchases under he CallSC (ll Some Oniiiliii businesses are refusing credit purchases lo Iowa residents ;irc cancel- ling advertising cnnlracts in liluffs' media. Inflationary Ilincs ure creat- ing some nf ihe uiitsl financial experts agree the law -.VMS passed Inn hastily tins summer hy the Iitwa leg- islature under adjnunimenl pressure. Whipped Through "The lilll whipped through Ihe legislature in 72 hours and then- are very few legislators whip read the hill entirely." said Ituss Kusscll, president ol the Credit Huroan ul Ciiiineil liluffs. The consumer eredil act clamps a 15 percent flat rate ceiling on cuiisuiiier luans and an IH percent lid un revolving credit up I'l MOO, and percent IheroalJer Hefure passage uf the law, Ihe coiling did nut exist, but must loans fluctuated around the IH porcenl mark Small hiisinessmen in Hie Hluffs say they are feeling Ihe crunch hecause Ihey canniil afford lo maintain Ihe masshe accounting procedures re- quired in operating a loan repayment procedure Instead, the small business- man sells the purchase con- tract to a lending institution One such merchant is Herb Hude. a furniture and appli- ance dealer who says he has been advised by one finance dealer he will no longer buy contracts. "They are lai ed with a maximum interest rale ol 15 percent and at the same time have lo borrow Ihe money lo buy the cotilracl at the prime rale of II percent, with only lour percent remaining, they Illsl can't lake (lie risk ol peo- ple of defaulting on the loan." Bui. he said, he had also been informed bv a Council Illufh it not nn'. contracts under either. Frank Moran. ucc-prcsi drill of Stall' Hank and Trust, said ll is too costly for a bank lo make a loan under Ton Costly "ll costs us lo pill a loan on the books. II we make a loan for and gel 85 in inleresl costs, we are losing said Moran. Moran said be is encourag- ing persons with smaller loans io [Mil lliem on credit cards I'.cidc went on to say that if a person does not have the cash, he can nisi about forget buy- nm smalh'r items. Iowa residents, who to Nebraska to make a purchase, are finding a slone wall when it comes lo getting credit. Cancelled Advertising Larry Klias. manager of Freight Sales Co. nf Omaha, has cancelled advortisiiu; contracts with Iowa media because of the credit problem "No finance cumpanies will even look iit our eonlraets." he said "They have shut us off completely." Kllssell feels It Is up tit Ihe legislature lo make enrroc- lions in the law "There are some pretty bn: problems in Ihe law because terms are so he said, adding if Ihe legislature re- sponds lo public pressure to clean up the bill, he feels it will be April or May of before things would begin lo improve for business. CF.DAH FALLS It's an odd match the dense forests of Asia and the fertile fields of Iowa. Hul Ihe cultures of these differing lands merge at the University of Northern hnva where a ten-year-old Asian stud- ies program exisls. .lust being nut uf-plaeo has mil discouraged ihe core of faculty members who have continued to feel the need for such diversity at UNI. To them, it is not al all strange thai UNI should have one of the few Asian studies majors in Ihe country, even though the lands studied lie al the other end of the globe. "As part of Ihe introduction to a course, I will sometimes ask how many of the students have never seen a map of In- dia. Usually about half will raise their hands." according lo Dr. Dhirendra K. Vajpeyi, associate professor of political sci- ence and an India native who look over this year as chairman of the program. Natives of Asia Hehiml the unusual malch are eight faculty members from a myriad nf departments who comprise Ihe Asian si :l- ies committee. They are natives of Asia, a strong plus in providing .first-hand knowledge of the area, while another is on leave this semester doing reaseareh in India. The courses offered under Asian studies revolve mainly around fndia and China, althuugh more general courses cover 'the entire Asian scene. For those with the urge to pick up sumelhing of the language, special classes are available in el- ementary Chinese and Hindi. Surprisingly, il appears the Asian studies program en- joys a unique popularity on the UNI campus. Vajpeyi's course in Indian culture this semester has over lid students enrolled, while other instructors report classes. The fact thai the study of other cultures is part of UNI's general ed- ucalinn requirements adds to the incentive, but it does nol alone account for the enthusiasm. Fascinated It appears many students are simply fascinated by the idea of studying lands they've never seen and with which they may be barely familiar. There is. Vajpeyi feels, something mysterious about Ihe region which attracts students in Iowa. A more logical rationale behind the odd mixture is sumc- linies suggested, and it involves increasing U.S. trade with Asian nations and Ihe employment opportunities in the field after graduation. However, this is not Ihe sole purpose behind the program. Vajpoyi said The real benefit, he feels, is a personal one. The occupa- tional reward is there as well, but it most oflen arises when Asian studies arc combined will] heavy emphasis in yet an- other field. Think II Over "When students ask me about entering Ihe Asian sludies program. I ask them what they want to do with the major aft- er they said Vajpeyi, wlm is also on Ihe board of directors of the American Institute of Indian Studies. "If they say they will use it lo find a job. 1 advise them to carefully think il over. I don't try In mislead them." Hut. he adds, there are typos of employment where Asian sludies major can be helpful, including international cMrpnrati't'js or service There are leaching jobs loo but may require additional graduate training. More important, the program seems In he fortunate in having a number of excellent instructors, as was evidenced in the comments of another professor called in to evaluate the program last year. Dr. Jackson H. Hailey of Karlham college. Work Stimulating "Concern abuul career opportunities bulks large." he re- ported, "but students say they find the work so stimulating they would continue it regardless of the job prospects." Piloting the Asian studies major is a group of professors whose interests, kike their nationalities, span the globe. In addition to Vajpoyi. Ihey are Dr. Emily Hrown. professor of history; James Chadney, assistant professur of anthrnpolo- Chen Hsi-Ling, assistant professor of history; Dr. Jon- athan Lii. associate professor of geography; Dr. Hichard Newell, professor of history who is on leave this lerm; James Kobinson. assistant professor of religion, and Dr. Nathan Talbntt, professor of political science and Far Kaslern stud- ies. Benefiting the program even further is a special library collection of nearly volumes dealing with the nations and problems facing Asia. Related Activities In another move last year, the Asian studies committee began lo introduce some related aclivilies outside Ihe class- room which have generated interest. An Indian motion pic- ture drew enough spectators from Ihe campus and communi- ty to fill the screening room. "I had no idea there were so many Indians and people who had visited India and eonlinuod Iheir inlerest living in the Vajpeyi said. The success, however, has given rise to other ideas. In the planning stages is a charter tour taking students lo Japan. Taiwan and Hong Kong. There is yet another benefit, for faculty grants are now being sought from the American Institute of Indian similes, of which UNI is one of 28 member universities and colleges across the nation The Asian Studies program at UNI is the fruition of a award from the Ford Foundation ill 10114. bill while the match may be unusual, il is apparently well-accepted. Also in his report. Hailey noted: "The strength and well-established tradition of Asian Studies at UNI is immediately apparent to the visitor A visit to UNI confirms its reputation as a pioneer in the field and a potential source of leadership in higher education in the midwest." Iowa 2000 Reporf Ready For General Distribution DKS MOINKS (HIM) The final report of the Governor's Conference on Iowa in the Year 20011 was presented to Ciov. Hubert Kay Monday by the office of planning and programming, which coordi- nated the conference. The report, which is now available fur general distribu- tion, contains recommenda- tions from the slate confer- ence on the year at In- dianola last .I tine. It also gives background Information on Ihe Iowa 20011 program and lisls recummendalions for continuing projects. Recommendations The program was designed In give Iowa residents a chance to offer recommenda- tions and suggestions lor Ihe slate's future, and nearly .ill. residents look part in the scries of local, regional and stale meetings. In a Idler transmitting the report lo the Iowa legislature. Hay said: "Iowa: 20011 has been an exciting and significant effort. Kven though these confer- ences have been concluded. Ihe effort has nol. For now lowans will continue to think abonl the future of their stale. Liquor Prices Go Up Friday DF.S MOINF.S prices on IBS items in the slate's liquor slores will go up Friday and price on 22 items will decrease, says slale Hcer and Liquor Control Director Holland Oallaghcr. lie said the changes are due to price changes quoted by distributors. However, (lal- laglier added, dislribiilors also have increased prices to the state on other Items, but those changes won't be passed on lo Iowa customers. Callaghcr said Ihe slate's method of rounding off liquor and wine prices lo Ihe nearest dime higher prevent the in- crease on the Hems. Increases on the IKK items range from HI cents to said (iallagher. Prices on llll ol those products will go up In cents, and only one product, the Jim Heam F.xeenlive bot- tle, will go up from S1K.1II lo Decreases on the 22 items range from II) cents tn The largest price drop is for a fifth of Cnn'rvoisior Cognac.' which will go from to Sll.lld. Prices for tile slate's two biggest sellers Seagram's 7 Crown whisky and Jim Heam bourbon will not change, said (lallagher. Roy Predicts Rockefeller Congressional Confirmation strengthen our awareness of Hie need lo constantly con- sider our future. Iowa's In- Inre. and In think about our actions Monday in the broad context of Hie years and dec- ades to he added. Topics discussed at the Iowa meeting and con- tained in Ihe final report include economic develop- ment. energy, life enhance- ment and natural resources. Consider Future "Iowa: 2IIIIII serves In IEBN To Broadcast Response To Ford DKS CHUNKS (HIM) The Iowa F.dueatinnal Hroadcasl- tng Network (IKHN1) will tele- vise the Democratic response lo President Ford's Iowa MSII Thursday al II p.m. IKHN officials said Demo- cratic gubernatorial candidate James Schaben will spcjtk for the first three minutes of the half-hour program, with retir- ing Sen. Harold Hughes giving the rest of the parly's slale- ineut. Democrats requested Ihe lime after charging that the President's stalehoiise speech here was nol nonpolitical as originally billed. It Pays to Advertise My commitment to preservation of family larms is based on sound economic (acts of life I don't behove those who say conglomerates will be able lo produce food more cheaply. Giant conglomerates haven t made the price ol oil any cheaper, and we can't expect the tood conglomerates to be any more generous with the American consumer I Ihmk we need a national family farm act. stricter monitor- ing (but not regulation) ol international commodity deals and an increase in price supports We also need a new Secretary ol Agriculture and a thorough housecleanmg in the USDA With that, we can make family farming a good way to make a living once again. Paid (o( by Bloum for Democrat for U.S. Congress ON THIS in IHti-t. Holivia broke diplomatic rela- tions Czechoslovakia and accused Hie Czech embassy in I.a Pax of inciting aiili-govern- iiicni mils. DKS MOINKS H'PI) spilo some apparent decline in support for the iiominalion. Cov. Hubert Hay Monday predicted that vice -president -designate Nelson Kockelollor would be confirmed by congress Warns Antifreeze Is Dangerous To Animals A.MF.S All Iowa Stale university, veterinarian warns that dog and cat owners should be particularly cau- tions when winterizing cars, trucks and tractors. Veterinarian Johnny llos- kins says ingeslion of anli- lleezo from open conlaiiicrs can rcsull in kidney failure in dogs and cals. After antifreexe is ingested, lloskins says, il is absorbed by Ihe body and olhylene glycol, a major component of antifreeze, changes to calcium oxalate crystals in the blood. As these crystals are excreted, the kidney becomes blocked, he says, Hoskins says the problem can be prevented by covering and disposing lel'lover anti- freeze, adding Ibat the pet owner should take extra precautions lo see that pets do not drink antifreexe. The 1ST veterinarian says if a pel is sighled near an open container (lie owners should watch for signs of illness and the local veterinarian should be consulted. The governor admitted thai some questions have been raised by news media and congress regarding gifts and tax preparations by Rockefell- er. "Al this moment, however. I think lie still would hi- con- firmed." Kay said. "You can be sure that when be is through being interviewed by (be congress, Ibe questions about him will be answered." Kay said there has been no evidence to show that any of Kockefeller's actions have been carried out improperly. On another subject. Hay said he holies Knergy Chief John Sawhill's preddictions that there will be adequate supplies of gasoline and heal- ing oil this winter barring a new Aral) oil embargo arc! true. Hut. Hie governor said a possible coal strike and pred- ictions of a cold and snowy winter in Iowa make it 'im- possible' to perfectly deter- mine the situation. "We hope his optimism is based on good solid evid- Hay said. "We do know that there is the chance for a cold winter and a possible cual strike which could force users to go In other sources ol School Breakin AKl.INCTON Fntrance was gained Ibrongli a window in a broakin discovered Satur- day al the Arlington attend- ance center of the Slarmonl school district An adding ma- chine, telephone and typewrit- er were missing. In addition, school authorities reported vandalism to school buses. Hegin your day the classified ad way sell "don't needs" fast call THE EXPENSE ACCOUNT BLUES? Dial 363-8563 BILL HURRAY 364-0364 Executive Home You must see this newer 2 story home in a desirable S.W. location. Complete with 4 bedrooms, baths, fully carpeted, huge patio, swimming pool and much more. Priced at 366-5363 Above, Rick Poldberg ,i( work in his studio. Above right, your choice free when you open ,1 new account ot Right, your choice tree for saving When you open a new account of or add or more to an existing account at Merchants National Bank, you'll receive a tree original metal sc ulptuie hy Ric k Poldberg, one of the midwest's leading young artists. Different selections are available, depending on the amount you save. These charming, whimsical pieces art1 perfect for home or ollice. To gc't yours stop by any MNB office and open a savings ac c ounl or add to your present ac count. Offer while supply lasls, MI hurry.