Friday, January 7, 1983

New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Page: 8

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Text Content of Page 8 of New Braunfels Herald Zeitung on Friday, January 7, 1983

New Braunfels Herald-Zeitung (Newspaper) - January 7, 1983, New Braunfels, Texas i New Braunfels January Budget battle Reagan has no great expectationsfor 1983 WASHINGTON AP House Republican leaders attending White House budget meetings say President Reagan seems to have more restrained ex pectations of the budget victories he can win in Congress this The president is in some degree tempering his Barber Conable said Thursday evening after the latest in a series of budget meetings Reagan has conducted with GOP members of He has had a tough couple of years and now tends to be more realistic in his 1 relations with Conable Hes a more complex man than he The who have been ear nestly lobbying Reagan to moderate his say the president still has not made any final decisions on the fiscal 1984 spending blueprint he will send to Capitol Hill at the end of the They the White House still obviously dont have things in any concrete form House Republican Leader Robert Michel of Illinois said following the House Republicans were able to deliver major budget victories for the president over the last two years by holding their ranks and attracting dozens of con servative Over the objections of House Democratic supporters of Reagans economic plan passed a three year personal income tax reduced domestic programs by tens of billions of dollars and increased defense But Democrats picked up 26 seats in the fall elections and they have demonstrated in the early days of the 98th Congress that they will exert firmer control over the I just dont see on real big critical issues we have any hope of the same type of coalition being put Michel In light of the changed political at mosphere in Congress and projections of budget deficits ballooning from more than billion this fiscal year to nearly billion by GOP legislators have been vigorously urging the president to soften his stance on economic Some Senate Republican along with some administration have been pressing Reagan to seek tax in creases and defense spending cuts to trim The while not ruling out tax said repeatedly Wednesday night in a nationally broadcast news conference that it would be a mistake to raise taxes when the nation is coming out of a Michel said that among House GOP You dont find any tax increase In Michel said that if Reagan remains firm in his refusal to trim military he should more clearly spell out for the American people what our overall military strategy It would help if the president himself would spell that out in a Challenge for Gramm Dan Kubiak may run in special election COLLEGE STATION AP A 14year veteran of the Texas Legislature who un successfully ran for state land commissioner last year says it is extremely likely he will challenge Phil Gramm for a seat in the Former state Dan Kubiak scheduled a news conference here Monday at which he is expected to announce his challenge of the College Station Democrat who resigned his seat and joined the Republican Party after being thrown off the House Budget It was from that committee post that Gramm spearheaded the campaign for President Reagans economic Gramm resigned Wednesday and is seeking to regain his seat as a Republican in a special a Rockdale said he thinks Gramm is vulnerable because many residents see him as a turncoat and as the little if he doesnt get his picks up his toys and goes Kubiak said his decision would hinge on cpmmitments of funds to oppose Gramms wellfinanced Its extremely likely that Ill Kubiak said Im waiting on some calls for some dollars right Bill Clements scheduled a 12 special election to fill Gramms vacated with a tiling deadline of 5 One 23 hurt in gasoline explosion AP Gasoline from a ruptured storage tank gushed like Niagara Falls before erupting early today in a windowshattering explosion that killed one injured at least 23 others and sent flames hundreds of feet into the The blast was reported felt 130 miles The flames reached feet into the air and the fire was so intense that firefighters were forced back from the burning tanks and were waiting today for the fire burn itself As the sun winds that had been blowing the black smoke northeast toward New York City shifted to the sending billowing clouds over New The flames were visible miles There were reports of looting in nearby Jersey City after the explosion blew out windows Top a spokesman for the northeast division of Texaco which owned the said the company had no indication what caused the rupture or the City officials said the fire did not appear to be The fuel went through the holes it was spilling out like Niagara said George describing the scene just before the We all saw the Thats when we decided to Newark Fire Director John Cauf ield said the three gasoline tanks which caught fire held a total of 19 million gallons of the The body of a badly burned man was found several hundred feet from the burning 10story Caufield There are 12 tanks at the Charles assistant plant said the man was a Texaco truck Another not a Texaco was he and all other Texaco employees were accounted It looks like Theres many buildings in there that have been very heavily some automobiles that are completely Caufield Police said there were about 40 railroad tank cars within 100 feet of the blazing storage but Caufield said the fire is not going He said it would burn for several Tom a spokesman for Texaco in said the facility is a sales terminal where tanker trucks load with gasoline and diesel fuel to make deliveries to service The terminal is in a heavily industrial area five miles from New York Advisers paint gloomy picture WASHINGTON AP President Reagans economic advisers have taken off their rosecolored glasses and cast aside their In they are more pessimistic in their 1983 forecast nearly all the leading private During the last two the ad ministration has been faulted for being unrealistically bullish about economic This administration officials simply say they are trying to produce an honest and realistic forecast without worrying about being optimistic or The forecast predicts an unusually slow recovery quite likely the slowest upturn from any recession since World War As a unemployment is expected to stay above 10 percent for the rest of this The which has not yet been made was confirmed Thursday by administration The outlook was prepared by chief White House economist Martin budget director David Stockman and Treasury Secretary Donald Regan to accompany the fiscal 1984 budget plan Reagan will send who joined the administration last has been pressing for ap proval of a more sober outlook so that the White House economics team could regain credibility with the outside The economic advisers are now predicting that the economy after adjusting for in flation will grow by a mere percent on average in compared with By the first year of recovery from the previous seven postwar recessions have recorded growth rates of 4 percent or Because growth this year is expected to be the administration is forecasting only a slight decline in which stood at a 42year high of percent in The administrations 1983 forecast predicts the recovery will pick up steam and reach a 4 percent rate of but not until the second half of the At that the forecast turns more predicting that once 4 percent growth is it can be sustained for the next several Reagans forecasters had come under attack from private economists during 1981 and 1982 for making rosy forecasts that seemed too good to be It turned out they The administration came into office promising to promote strong economic increase lower in flation and balance the budget all at the same In early the ad ministration predicted that by the economy would be growing at a 5 percent unemployment would be down to percent and inflation would fall to 7 per The administration exceeded its in flation bringing the rate down to 5 percent in But success on that front was accompanied by a severe a steep rise in unemployment and by far the largest budget deficits in The new outlook suggests the ad ministration now concedes it cannot achieve low inflation and low unem ployment Senate panel calls for changes in PUC AUSTIN AP A Senate sub committee has called for major changes in the panel that sets electric and saying the Public Utility Commission worries too much about the utilities financial wellbeing and not enough about The Senate Subcommittee on Consumer Affairs said Thursday the commission suffers from a massive loss of public confidence because it has been lax in its watchdog At the same the threemember PUC issued a report saying utility rates are kept low when companies financial health is The which convenes will closely scrutinize the The Sunset Advisory Commission this week said the commission should be The Senate chaired by Lloyd said PUC members should be elected from single member not appointed by the Subcommittee members said the PUCs concern with maintaining high bond ratings for utility companies has cost Financial analysts have ranked the Texas PUC as the nations most favorable toward utility While Texas utilities and company stockholders enjoy the benefits and obvious market advantages afforded by high bond there is significant question as to whether these Wall Street honors are worth the cost to Main Street said the subcommittee The commission is currently suffering from a massive loss of public confidence in the exercise of its the report The PUC report issued Thursday said consumers benefit when utility companies maintain high bond enabling them to borrow at lower interest The single major conclusion of the paper is this Electric utilities having sound financial condition and with higher bond quality on provide lower cost electricity than financially lowerrated said the PUC The Senate subcommmittee said there is a difference between maintaining financial integrity and striving for the highest bond The subcommittee report quoted the late John who was a panel member as By financial integrity I mean the utility is in threat of Losing an AAA bond rating does not mean bankruptcy to who died last sponsored the 1975 bill creating the PUC to set electric and telephone Doggetts panel also called for legislative changes to ensure rate hearings at the local instead of in Austin limit the amount of constructionworkin progress costs that can be passed on to consumers require the attorney general to provide a consumer representative at PUC and restrict the automatic pass through of rising fuel costs to Real Estate Century 21 attends teleconferenced marketing session Mark John Carole LaShomb Mike ttorris of Century 21 Norris Inc recently returned from a three day telecon ferenced marketing session in where they were able to present some of their New Braunfels properties to other Century 21 as well buyers and sellers throughout the Untied Through means of a nationwide telephone the New Braunfels Realtors were able to speak and listen directly to Cen tury 21 agents in Los San and Other Buyers across the country were able to listen in by dialing 1900 Working with a each person in Houston was given a limited time in which to discuss his Accounting to Carole who received two offers on her property within minutes of presenting There were phone lines listening to us at a time the potential for reaching buyers was unlimited Century 21 is providing these sessions every three monthsWhat a great way to put New Braunfels on the map Mark Boettcher ob served that sellers of commercial and in vestment property in New Braunfels and the surrounding area need not wait until the Spring marketing session to put their listings on the Through the contacts I I can put a seller and his property in touch with hundreds of Century 21 Brokers and agents across the each representing several within a matter of just by getting on the phone and calling them up Properties presented at the session ranged from a acre rice farm in to a gravel operation in to a package of 40 rental houses in to a mobile home park in Baton to an office on Padre John Flavin com mented how much he was impressed by the growing sophistication of the commercial It is clear that Century 21 is no longer just the neighborhood professional in the housing he History is being added Mike President of Century 21 Norris You need not sit by and wait for your commercial properties to be Now the national market of the future is in place at Century 46AZ GREEN NEW BRAUNFELS 6257377 Watts 8002927690 CANYON LAKE 8997676 RIVER CONDOMINIUMS Call 6257377 GAZ GREEN REAL ESTATE PIONEERED IN THE DEVELOPMENT OF RIVER CONDOMINIUMS IN NEW BRAUNFELS AND SELECTED SITES THAT PROVIDE UNSURPASSED VIEWS OF THE COMAL AND GUADALUPE BEFORE YOU BUY OR LEASE ANY CONDOMINIUM CALL GAZ GREEN REAL ONE LOOK WILL ENABLE YOU TO MAKE YOUR COMPARISON AND YOUR CALL 6257377 396 SYCAMORE AS LOW AS 5 Beautiful vintage home with 3 bedrooms and 1 bath located on corner lot with large pecan Central air and Detached Stove dish washer A must to Call for financial AREA HOME BUYS IMMACULATE HOME on A acre of prime commercial prop Good site for small restaurant or UNIQUE 3 2 bath all brick home in Beautiful rock fireplace and bay window seats in PANORAMIC VIEW of Canyon Lake from three levels in this 4 2 bath home near the Yacht NOW UNDER CONSTRUCTION Beautiful 2 2 bath home with two car garage located in a small quiet Buy now and choose your own FAMILY LIVING In this 4 2 bath home with ceiling fan and many Fruit flexible IN A must to THIS HOME HAS SOMETHING SPECIAL Mas been re modled with lots of loving Many Convenient to everything MOBILE HOMES AS UNIQUE as the Unicorn is this 2 2 b mobile in Green Valley Youll love this IN RIVERBEND ASSUMPTION CONSIDERED with this 2 1 bath mobile sitting on two lots with pool and river A must to OWNER 3 2 bath furnished mobile with large screened Club pool and river LIKE NEW 2 2 bath mobile with garden tub and added screened porch and Extra lot Some financing LOT ON THE Owner Club park priv Rare opportunity for this choice WE HAVE ACREAGE RIVERFRONT PROPERTY AND LAKE LOTS RESIDENTIAL LOTS ft ACREAGE FIVE LOTS in excellent location with all utilities Zoned M2 and will make excellent site for ministorage small warehouses or to move houses All to be sold NICE RESIDENTIAL convenient to Landa Quiet Excellent location ROOM TO RUN on this acres with lots of out buildings and house that has excellent possibilities of being Property in flood SECLUDED ACRE ready for one or two mobiles sep tic electricity three storage sheds BEAUTIFUL TREED building 1 acres in prestigious Oak Village BEAUTIFUL HILL COUNTRY many Buy or 3 adjoining 5 acre Minutes from San Owner financing par Owner will consider Call DONT MISS THIS ONE Gruene River Water Avail Guadalupe River park privileges across TREES RIVER AND LAKE HOMES AND LOTS THREE 4 2 bath house with a breathtaking view of Canyon Near the Yacht TWO GORGEOUS LOTS with 225 feet on the Comal River in a quiet Call Broker for details OVER 72 FEET on the Guadalupe Waterfront Secluded RIVERBEND LOT on the Mobile home Owner fi club Lake Dunlap park Highly Rare BEAUTIFUL LAKEVIEW 4 4 Ba home with large utility 3 car 4 all on 2 Owner BUSINESS OPPORTUNITIES FOR Walnut Square commercial spaces from 900 to square High traffic count Call us for ACRES located on IH 35 that includes a business with the promise of a bright plus a 4 2 bath double wide mobile us for COMMERCIAL PROPERTIES IH 32 plus acreswith 1000 feet on IH Will consider dividing to suit Or will Call for IH 35 andFM 23 plus acres that owners will sell all or part of or Zoned for IH 35 and Loop 337 26 plus acres of prime com mercial property with 1164 feet on IH Will Or will sell all or part for IH 35 near Engle 113 plus acres with 1476 feet on the Some Terms Call for ACRES on Loop 337 zoned Excellent location and terms for new or expanding WANT TO SELL YOUR PROPERTY CALL ONE OF OUR AGENTS TODAY FOR A FREE MARKET ANALYSIS RIVER CONDOMINIUMS UNIQUELY STYLED 2 2 condo in the trees over looking the Comal The view of the river frontage Is worth the price Professionally Furniture can be purchased with condo if More to be UNDER CONSTRUCTION 1 and 2 bedroom condos on the Guadalupe Precompletion priced This is the view from the balcony of the new Riverside Condominiums now under con Call us for