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New Braunfels Herald Zeitung: Friday, June 26, 1987 - Page 8

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   New Braunfels Herald-Zeitung (Newspaper) - June 26, 1987, New Braunfels, Texas                                Commerce Industry Page 8 June California lawyer says lottery a bad AUSTIN AP A San Francisco lawyer who keeps a close eye on the California lottery says it is a fraud that takes money from the poor to subsidize the Robert founder of Public a nonprofit public in terest law also said Thursday that gambling on winning a state lottery is the worst bet a person can Theres no gambling bet you can make anywhere in the United States thats as said who appeared at a Capitol news con ference with representatives of organizations opposing a state lottery In A proposed constitutional amendment to establish a viewed by some as a way to help Texas with its financial is pending in the House Urban Affairs The House defeated the proposal in the regular legislative session that ended June Opposing a lottery Thursday were representatives of Consumers the Texas Conference of the Texas Baptist General Life Commission and Texas another church lobbying Gnaizda said he thought Californias experience with a lottery applied to Texas since both states have large Hispanic and black populations and minorities and poor are the clear targets of the People ought at least to know if The real consumer fraud is you cannot be a millionaire even when you win a milliondollar tick they want to get rich they couJd go to Las Vegas the cut at the tables is less than 2 so you lave 25 times as great a chance of winning at the crap tables in Las Gnaizda What you have is the stab promoting something as a goxl deal that clearly is he There is less than 1 in a 20million chance that you can win a million Consumers alerted to odometer fraud NEW YORK AP Is it new or is it used If a cars odometer is disconnected at the as has been charged in a case against Chrysler Motors there is no way for consumers to know for But when it comes to used consumers can take steps to avoid automobiles that may have been driven farther than the odometer Odometer fraud is estimated by the Transportation Depart ment to cost consumers billion a Until doctored mileage had been identified as only a usedcar The Chrysler indictment Wednesday charged that the the automaking arm of Chrysler sold as new up to cars that had been driven by company executives with the odometers Some of the cars were wrecked and repaired before being according to the Chrysler has denied doing anything illegal or In a situation like this on a new there is absolutely nothing you can said Bob head of the auto test division In a situation like this on a new there is absolutely nothing you can There is nothing you can look for if the odometer is disconnected at the factory and then Bob Knol Consumers Union of Consumers publisher of Consumer Reports There is nothing you can look for if the odometer is disconnected at the factory and then recon Most new cars have between 10 and 40 miles on their odometers when they are which represents testing and the driving it takes to get the car from the factory to the train or and then to the It is traditional and perfectly normal for plant people to drive production cars off the line overnight to see how theyre Knoll You cant just build look at them with electronic pat on the head and let them But the Chrysler indictment charged that executives drove the cars days or weeks at a and up to 400 miles with the odometers Federal law requires dealers to keep records on odometer Dealers must sign statements saying the odometer reading is correct as far as they and they face civil and criminal penalties for Tampering with an odometer is a misdemeanor but will become a felony beginning in The sponsored by James increases the civil penalties for tampering from to per vehicle and raises the criminal penalty from one year to three years in Usedcar buyers have ways to check whether odometers have been or rolled The Used Car written by the editors of Consumer Automotive Press and published by Fawcett Columbine in New recommends at the maintenance stickers on the door post to nee if the recorded mileage ever ceeded the present odometer Sometimes a mo orist can tell if the odometer has been rolled back by the irregular alignment of its bu this is wear and car with less than miles should not have excessive wear on the clutch or bVake It shouldnt ha sagging drivers The metal The maximum payout is a over 26 and onethird is deducted f6r federal Gnaizda By the 20th at the present rate of the would be worth about he The poor clearly participate at a much greater Gnaizda quoting one study that showed Hispanics purchase times as many lottery tickets as The poor spend 20 times as relative to as the he Gnaizda said 34 percent of the proceeds from the California lottery goes to public but some educators feel education could be worse off because elected officials may become less committed to tax support for education as a result of the lottery What you do have really is poor school children are subsidizing by the lottery the education of the since their parents are contributing a substantial amount disproportionate in most Gnaizda trim around shouldnt be the ignition dulled by the tirior registered owner and asking what the mileage was when the car was sold to the In many the previous owners name can be found lit the local department of motor The National Highway T affic Safety Administration also takes reports on odometer fraud provides information bout odometer tampering to con safety sumers through its auto Stocks Market pulls back from record highs NEW YORK AP The stock market declined broadly pulling back from Thursdays record The Dow Jones average of 30 in dustrials dropped to in the first half hour of Losers outnumbered gainers by more than 2 to 1 in the overall tally of New York Stock Exchangelisted with 318 734 down and 433 Volume on the Big Board came to million shares as of 10 on Wall Among actively traded blue American Telephone Telegraph slipped Va to 28Ms International Business Machines lost to and American Express was un changed at The NYSEs composite index of all its listed common stocks dropped to On the American Stock the market value index was off at On Thursday the POW Jones in dustrial average jumped to surpassing its previous closing peak of reached on Advancing issues outnumbered declines by more than 3 to 2 on the with 931 597 down and 438 Big Board volume totaled million against million in the previous NEW YORK AP Morning stocks High Low Last AMR Corp 62 61 617s Ameritechs 88 88 AMIInc 19 19V8 19V4 Am Motors 4 4V4 4V AmStand 42 42 42 28 28 28 Amoco 85 84 85 Armcolnc lOVa 10 10 AtlRichfld 93V4 92 93 BakerHughn 22 21 21 BancTexas 764 11128 332 Banctexwi 332 332 332 BellAtlan 70 69 69 BellSouth s 41 41 41 Beth Steel 14 14 14 Borden 61 60 61 Caterpllr 56 55 55 Centel 66 66 66 Chevron 60 59 60 Chryslers 35 35V4 35 Coastals 35 34 35 CocaCola 45 45 45 Coleman 37 36 36 ColgPalm 48 ComlMetls 18 18 18 Delta Airl 58 57 57 DigitalEq 169 167 169 PQwCJiem 86 86 PressrJntJ 30 29 30 duPont 121 120 121 EstKodak 88 88 88 Enserch 24 24 24VB EntexJnc 14 14 4 Exxon FederalCo s Firestone FtBcpTex FstRepub Flowerlnd FordMotr GAFCp GTE Corps GnDynam GenElcts GenMills s Gen Motors GnMotrE Goodrich Goodyear GtAtlPac GulfStaUt Haliburtn HolidayCp n Houstlnd IBM IntlPaper s JohnsJn K mart s Kroger s vjLTVCp Litton Ind LoneStelnd Lowes Lubyss MCorp Maxusn MayPSt Medtronic Mobil Monsanto Motorola Navistar Nynex PacTels PenneyJC s PhilipPet 45 2 23 26 101 55 39 66 55 57 84 40 50 69 39 8 37 25 33 167 51 93 44 37 4 90 37 27 30 9 12 49 94 80 S6 7 27 55 35 15 91 91 45 45 42 42 2 2 23 23 26 26 99 100 53 55 38 39 65 65 55 55 56 56 83 84 40 40 49 50 39 8 36 25 33 166 50 92 43 36 4 88V4 36 27 30 9 12 49 94 H 50V4 83 55 7 27 55V4 35 15 39 8 36 25 33 167 51 43 36 4 89 36 27 30 9 12 49 94 50V4 83 55 7 70 27 55 Polaroid Polaroid wi Primericas ProctGamb PubS NwMx Sabine SFeSouPac SearsRoeb SherwinWm Singer Co Southern Co Southland SwstBells StdOil SunComp TNP Ent Tandy ore 78 39V4 lock key and Service privatization an economic decision 78 39 39V4 43 42 98 33V4 16 46 45 46Vs 52 51 35 35 35V 39 3S 39V 24 24 69 39 3 75 45 NEW YORK AP The privatization movement has bogged and one of the reasons it according to supporters and is that some people tend to think of it as No more cutting criticism could be In the eyes of the the true state of affairs is exactly opposite Doing things through the private sector rather than through government is the American Or it used to But says Ronald so en trenched is the notion of big gover nment here and abroad that we easily forget an allencompassing state is a relatively recent A few budget figures describe Utts In total budget receipts for the entire federal government amounted to and not all of that was There was a surplus of Government grew during the Depression and through the years of World War and it has growing By the government was laying out more than In the 1970s the numbers soared through the billions a year and the billions and the and then the pace By the federal budget was above It topped billion a year exceeded billion by 1985 and topped billion in Although not in comparable thats more than 200 times 1929s In view of this enormous and probably dangerous the idea developed that various government services and enterprises might be transferred to the private sector in hopes that they would be more ef ficiently Among the ideas proposed were to sell governmentoperated housing to turn the postal over to franchised sell the naval petroleum turn over federal loans to the highest But extolled as a way to get the government off the backs of reduce the federal increase the efficiency with which services are delivered and in general stop the growth of went It was trivialized as some new fangled says who works for the Chamber of The average public official or politician distanced himself from the What an he Here is a country that from the very beginning stressed privateinitiative that was actually discovered and settled by private rather than government the critics Once viewed as the solution of last he government now is often seen as the only ap propriate provider of even the most trivial of ATtT BakerHughes Int Coleman Chrysler Deere Entex Ewon Ford GM Halliburton Kemper KMart Luby Mobil Pillsbury SWBell Texaco WaiMart Kenneth Schaef er named Farm Bureau Insurance agent for Comal County are t8 innSMnce that Kenneth been named ii Firm rance for the gpmsJ rm The ageagy manage for tht is WMJ ijj member families With a fyjj wwanee ineJyding and a wife tsw 3 cNldce frsw Comal County Farm Bureau Office Phone 62fr6924 Home 621M 601 Eye Openers By Or Hrnry Hull WILL WEARING GLASSES WEAKEN YOUR EYES yyhin gifsiti and find that ntktd vision it ygyrf finding out hsw poorly whs need a stronger prescription a after germing their first pair sf glasses often biane in their ability te aae en toat first thats stJdern ths oifffly the n the m grbw lend n wtiten and the Jtm Jl more grew until they md adMttfl is imm 64 64 High Lov Close FASTNHOT HAMACHEES SANDWICH 31 30 14 11 14 91 91 84 83 84 36 37 32H 45V4 44V4 44H 30 30 51 44 44 m 45Vs i 45 38 38 6IH W 87 68 MESQUITE COOKING CHUNKS MIUERUTI PEPSI PB9WCTI SUNGLASSES   

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