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New Braunfels Herald Zeitung: Thursday, January 13, 1983 - Page 7

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   New Braunfels Herald-Zeitung (Newspaper) - January 13, 1983, New Braunfels, Texas                                Hold the New Braunfels January El Paso McDonalds now dollars only EL PASO AP With Mexico mired in its worst economic crisis since World War McDonalds restaurant off El Pasos San Jacinto Plaza has quit taking pesos from patrons buying burgers and Until the time the peso were just not going to accept says McDonalds area supervisor Al About half of McDonalds business in this far West Texas city has come from pesocarrying but three devaluations last year forced the fastfood restaurant to stop accepting pesos at the he Too Wed take a loss when the peso fell against the Weber Since the peso has tem porarily settled at about 149 to the making it worth 16 percent of what it was a year ago when 26 pesos bought a With inflation in Mexico averaging 14 percent last month an average of 168 percent annually many businesses whose clientele can pay in pesos or dollars take only In another Texas border banks havent taken pesos since last Its still hard to get rid of said Laredo National Bank clerk Sandra Itsnot worth What had been worth the effort was currency traders who plied the streets of El Paso last year offering black market rates up to 50 percent better than those found across the border In But since Decembers when the peso sank to 149 per black market trading in El Paso and along the border has nearly Valuta a currency trading store open aroundtheclock in two locations on the El Paso side of the still attracts tourists who want pesos before they venture into But in whose restaurants and curio shops offer the same exchange rates as in El theres no need to worry about carrying different locals You can pay us in dollars or It makes no differenceits the same says Alonzo manager of the Florida Dollars are preferred by Juarez businessmen who predict the peso may fall to 200 to the dollar because of softness in the worlds oil Any drop in the price per barrel hastens the decline in Mexicos oil revenues and hampers their recovery officials With at least a months worth of stable peso some pesocarrying patrons are eyeing goods in El Paso Last seven South El Paso businesses who depended on crossborder trade for most of their sales Guillermo Aragon Monies eyed a ring in Sheldons Jewelry which has resumed accepting payments in both At or the equivalent in Monies said the gold ring was still out of but added At least I know rny pesos can start buying something here Reagan looking at wage for teenage worker WASHINGTON AP President seeking to make a dent in will propose legislation allowing employers to pay teenagers less than minimum wage for summer administration sources Reagan embraced the subminimum wage option at a meeting of his Cabinet Council on Economic Affairs and will propose the change in his 25 State of the Union said these who declined to be named Administration sources said the youth differential which would permit payment of an hour instead of the current minimum wage rate could provide summer work for as many as youngsters between the ages of 16 and Teenage unemployment hit a record percent in December with more than 2 million young people officially listed as more than 12 million people were out of work as the unem ployment rate hit Treasury Secretary Donald Regan said Wednesday he had proposed an income tax surcharge to the president as part of a list of tax increases that would be triggered into effect after if the governments deficits continued to run too Regan would not divulge the other items on the but administration sources said an energy tax package was another leading The who did not want to be identified by said they expect the president to include the contingency tax plan in his fiscal 1984 budget due out But which specific tax Reagan would choose was still up in the air they The president continues to oppose any major new taxes in 1983 and 1984 to narrow record deficits expected in the billion ayear contending it is bad economic policy to raise taxes during a recession or at the start of a For several the administration had been considering a host of options for dealing with unemployment evidently to counter a push by congressional Democrats and organized labor for massive public works The sources did not divulge what other employment proposals Reagan may have The already has supported extension of the Federal Supplemental Compensation an emergency unemployment com pensation program allowing up to 16 weeks of additional jobless benefits for eligible Among the other options that have been under consideration are granting tax credits to businesses that hire unemployed workers who have exhausted jobless benefits and slowing the phaseout of unemployment benefits for people who accept parttime Only handful protest House rule changes Gib Lewis gains power AUSTIN AP Carlyle Smith says the East Coast has prep the West Coast has groupies and the Texas House has And leader of a tiny group of House found out Wednesday he is far outnumbered by those loyal to new Speaker Gib D Fort Lewis won House approval by a vote of for a rules package that gives him new including the right to make all appointments to the powerful House Ap propriations Committee and to fire committee I questipn whether this is any type of omen for Lewis said after the House demolished Smiths attempts to shoot down the speakers proposed DGrand and Milton found little support on the House floor Wednesday for their antiLewis Smith and Fox were the only two members who voted against Lewis for speaker on Smith told the Houses 45 new members to steer clear of being a bound to voting according to Lewis Smith demonstrated the teamie Youve got to hold your nose and you got to put your hands on your he adding the salute is not perfect because you just got two Thats what the speakers lieutenants are They can come plug up your he Paul D El also argued against Lewis proposal giving the speaker the right to appoint all appropriations com mittee For the past 10 half the committee was picked by seniority and half was selected by the Moreno said the change was made in 1973 to end the corruption era in the Now I am seeing these things he Gib Lewis and I are friends but Gib Lewis did not serve during the corruption What you are doing today is you are going back and giving the speaker all sorts of power that you will not be able to Let me tell you that corruption was easy and youre getting right back to it without knowing about he one of the four who voted against Lewis rules said the seniority system is the only way for him to retain his seat on the You and I know that the chances of my getting on the ap propriations committee is like me climbing a telephone said a wheelchair bound cripple who was present but did not vote in the speaker election Charles said the Lewis system would provide for more continuity in the budgeting process by filling the ap propriations committee with representatives from other important The House voted 1388 in favor of the Lewis plan for the ap propriations Smith was unable to draw more than 26 votes for any of his amend ments to Lewis and more often got only seven or eight members to vote with L e w i s said the seniority system for the appropriations com mittee just wasnt He said the rule allowing him to fire committee chairmen is no big adding that the speaker should have the right to fire chairmen who dont do their Lewis said he did not envision ever removing a and would not use the power as a weapon to punish Fox is anticipating some punishment for his antiLewis Im reasonably sure I wont be a chairman or a vicechairman or a member of the ap propriations com he On the other he might want to demonstrate how fair he You never ATTENTION JGCJ JAMES GREIN mJ FULLY COMPUTERIZED FINANCIAL SERVICES BOOKKEEPING TAX RETURNS MANAGERIAL ASSISTANCE 358 LANDA STREET NEW TX 78130 TELEPHONE Serving the New Braunfels area since has recently moved into new We would like to thank the people of New Braunfels for making our business a We are expanding our services and look fonvard to serving more of you Please give us a call for information regarding our new flat rate book keeping Thank m iv This Its Bargains Fun AntiquesArtsCrafts PlantsBeerFoods Busseys 35 Take I 35 Exit FM 2252 Cross Over then right on Access Between New Braunfels San Antonio Legislature ataglance in capsule is what happened in the Texas Legislature on Wednesday HOUSE Speaker Gib Lewis suc cessfully pushed through a new set of House rules that give him more power than former Speaker Bill Clayton including the authority to appoint all members of the House Appropriations Committee and to fire committee House members voted to invite Republican Bill Clements to speak to the Legislature on but not without some frisky boos and shouts of objection from the mostly Democratic which were ignored by the Clements will deliver his state of the state speech Thursday at 11 to a joint and the House in vitation was a SENATE The Senate did not meet Polar Bear Ashburna Handmade Catulu SALTWATER TAFFY IN OUR FANCY CANm SHOPPt SPEED LIMIT 55 OUR TWICE A VEAR GIGANTIC FABRIC CLEARANCE SALE ENTIRE STOCK FALL FABRICS REDUCED 25 TO 50 OFF ORIGINAL Here are just a few examples of the Savings SAVE 25 ROBE VELOUR Fall Machine Wash SAVE 50 ENTIRE STOCK WASHABLE WOOL and Acrylic SALE SAVE 50 45 FALL PRINTS and on Includes florals and mini SAVE 50 VELVETEEN SOLIDS PRINTS 100 45 M SAVE 33 SWEATSHIRT FLEECE 60 Great for Active SAVE 50 STRETCH GABARDINE POPLIN 100 60 Fall Colors Only Includes Super Flex and LaMancha Viking Dealer of fOihion fabrics WORLD OF FABRICS Keeping the fabric tradition alive in New Braunfels 650 Walnut Sqaure Shopping Center New Braunfels 6291431 James Grein SBSfls newest Banking Semite The Insured Money Market Checking Now you can earn FSLIC insured Money Market interest on your checking account at Open your Insured Money Market Checking Account with or Write an 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