Editorial Page Notes On Opinions And Editorial Roles
Thecolumns on this page represent a variety of editorial and political opinions. With the exception of the column directly below they do not necessarily reflect the views of this newspaper.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jun 25, 1980
Page
4
Thecolumns on this page represent a variety of editorial and political opinions. With the exception of the column directly below they do not necessarily reflect the views of this newspaper.
The Carter administration backs dredging Hampton Roads from 45 to 55 feet to support rising coal exports, with an initial $100 million cost. Backers cite vast economic gains for Appalachian coal via faster shipments and boosted national economy, while opponents cite environmental hurdles eased by new expedited procedures. Democratic and Republican candidates face off in West Virginia districts as Harley Staggers Jr. faces Pat Hamilton, with Cleve Benedict challenging in the Second District.
M. Stanton Evans argues inflation harms households with 8 percent raise in take-home pay offset by 13 percent CPI rise, cutting purchasing power over 5 percent. He attributes deficits and easy money by the Fed as the root cause, detailing escalating debt, crowding out, and rapid money supply growth from 1959 to 1978, then slowing under Volcker as production trends continue.
Ray Cromley notes that after past downturns consumer spending rebounded on savings and confidence. This time rising taxes and inflation shrink saving and purchasing power. Families divert income to utilities medical bills debts and higher levies, cutting adjustable essentials and shifting to cheaper goods.
Analysts warn consumer spending will lag as utility, medical, rent, and tax costs rise. Discretionary purchases such as furniture and travel will be cut back further amid inflation and limited savings. The piece links wage pressure in 1980 81 to inflation and ongoing borrowing while noting a slower return to normal.
CAPTAIN P H DAVIS JR argues readers can learn energy facts without math using two digit numbers. He cites quads, imports, and potential retrofitting gains, noting NAS and Harvard data, then highlights Oregon power retrofitting saving 45 percent on heating while echoing reliance on Middle East import reductions.
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