Page 3 of 8 Mar 1980 Issue of Colorado Springs Gazette Telegraph in Colorado-Springs, Colorado

Colorado Springs Gazette Telegraph March 8, 1980 Page 3 old newspaper archives

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Colorado Springs Gazette Telegraph (Newspaper) - March 8, 1980, Colorado Springs, Colorado Economists Tell fear of inflation sat., March a ire Gazette Telegraph--3-a Washington a three former government economists told Republican senators Friday they share the lawmakers alarm about soaring inflation and feel Federal spending must be restrained. The economists sometimes disagreed on a prescription for curing the nations economic ills a which were demonstrated Friday in a new Rise in wholesale prices a but they agreed the National budget must be held Back. Arthur Burns former chairman of the Federal Reserve Board defended the boards continuing strategy of tightening the nations Money Supply and driving up interest rates a a strategy that has drawn occasional criticism. A if you want the Federal Reserve to ease up i think the Congress must do its part and so must the administration a Burns said. His Call for restraining and reordering National spending was joined by Alan Greenspan who led former president Fords economic advisers and Arthur Okun who held a similar position under former president Johnson. The meeting billed by sen. William Roth r-del., As an a emergency inflation forum a gave 14 gop senators a and Democrat Dennis Deconcini of Arizona a a Chance to ask the economists if they Are As worried about inflation As the lawmakers Are. The responses Burns said he agreed with Roth that a a we be reached a crisis stage a Greenspan said there is a an absolute urgency that action be taken and Okun said he was a Verv All spoke favourably of spending cuts in the Federal budget a the no. I Issue for Many of the republicans a but Okun cautioned that a balanced budget alone must not a be sold As a cure for however Burns said budget cutting a including some already approved for the current fiscal year a would be important in changing a Public a inflation psychology that tells americans to buy today because prices Are sure to go up tomorrow. A that inflation psychology must be turned around before we can make any Progress a Burns said. All spoke against mandatory wage and Price controls and Burns praised sen. Bob Doles announcement that he will introduce a Resolution that would put the Senate on record against such controls. Ouachita Parish deputies Lead iranian student to jail forty eight students were arrested after Monroe la. Disturbance a Lair up to to Iran factions Battle in san Diego san Diego a police in riot gear put Down a shoving confrontation Between pro Shah and anti Shah factions of iranian students Friday at san Diego state University. Four students were arrested. At one Point several iranians scuffled with Campus police but no injuries were reported. An iranian described As a pro american was hit on the head. About 150 students and non students were involved. As police made the arrests they were followed by 75 students who support the Ayatollah Ruhollah Khomeini demanding the release of the arrested students and the ouster of a fascist Savak one officer said a most of the students involved Arentt even from this National Neus v. Landmark Church seeks funds Quincy mass. Apr Quincy so Church of presidents a burial place of presidents John Adams and his son John Quincy Adams is seeking to become a National historic site so it can get Federal Aid for repairs. The Patriot Ledger of Quincy reported Friday that the congregation has elected a committee to seek tha elevated status. Burial place of the Adams presidents and their wives the building is already a National historic landmark it needs to be upgraded to a historic site in order to receive the Federal Aid. Quake jolts Vancouver Island Golden apr an earthquake registering 5.0 on the Richter scale was Felt Friday through the Central portion of Vancouver Island off the coast of British Columbia the . Geological Survey reported. The tremor occurred at 1 36 p m. Post and had its epicentre on the 150-mile-Long Island off the Western Mainland of Canada said Waverly person a geophysicist at the uses earthquake information Center Here no immediate reports of damage had reached Golden by Friday afternoon person located after riot Santa be n m. Apr state corrections Secretary Adolph Saenz said Friday that officials have accounted for All 1,156 inmates who were in the state Penitentiary when a devastating riot broke out last month. Saenz said the computer printout showing the number of inmates when the disturbance broke out feb. 2 had been Cross checked with another printout showing the present location of the men. Thirty three 33 inmates were killed in the uprising and millions of dollars of damage was done to the prison new Mexico a Only maximum Security facility. Quality at Colorado Springs lowest Price econ Frame King Queen or super single 169 a Complete 10-piece package All Beds include deluxe Corner Block Frame a deck a Pedestal Vinyl products mattress a Ultra firm deluxe Heater a liner a liner Holder a All necessary hardware fill and Drain kit water conditioner Pillow kingdom urn 4ure stores of 10-9 4 Sot. 10-6 2417 no. Union Sun. 1-5 Audubon shopping Conter 473-9630 master s degree in psychology the University of Colorado Colorado Springs Uchs offers a master s degree in psychology with specialization in clinical psychology and program evaluation. Requirements a Bachelor s degree in psychology or the equivalent a 3.0 undergraduate Grade Point average b average 110o combined verbal end quantitative score on the graduate record examination. It is possible to Complete the program within two years As a full time student or within three years As a part time student taking evening classes. For further information Call 303 593-3476 or write Lee a. Becker pm. D. Graduate program coordinator psychology department University of Colorado Colorado Springs co 80907 gasoline stocks reach record Levels Knight news service while motorists in fuel Short areas of the country have been searching for gasoline the nations Oil companies have built stocks of gasoline to near record Levels. In spite of recurring spot shortages sunday closings and shortened hours at Many of the country a service stations the nation As a whole is on the verge of an unexpected embarrassing gasoline glut. Nationwide stocks of gasoline a supplies held by the companies in pipelines refineries and shipping terminals a have now reached 275.2 million Gallons higher than any time since january 1978. According to a Check by the authoritative Industry publication Oil daily the buildup of gasoline supplies has been so rapid that some companies May have to sell off leftover supplies of Home heating Oil at distressed prices just to make room in their storage tanks for gasoline. A based on the information we have storage tanks Are virtually overflowing All Over the country a says american Petroleum Institute spokesman Jim Dailey. A we have plenty of gasoline but the distribution system is so screwed up that the companies can t get it out to the fixed allocations of gasoline to fast growing Urban areas especially those in South Florida and California have resulted in sporadic shortages throughout the Winter months. Although the Oil Industry blames the government allocation program for those shortages officials say that the companies themselves have been deliberately withholding gasoline from the Market As a hedge against the possibility of another Oil Supply disruption during the summer driving season. A the Oil companies Are holding Back gasoline. That is a fact a says Glenn Weaver a spokesman for Chevron. A there is nothing sinister about our motives. We Are not doing it to make Money. Because of the world Oil situation we want to have More of a Cushion than we had in the gasoline supplies normally Peak during the Spring As . Companies build up their inventories of gasoline for the Peak months of summer driving. But a Sharp decline in american motorists demand for gasoline a which most authorities attribute to higher prices at the pump a appears to have caught both the Oil Industry and the government by Surprise. Nationwide for gasoline has been running from 6 to 8 percent behind last year. Stocks Are up More than 13 percent from a year ago. The Industry a misjudgment a coupled with the government s demand last year that refineries boost their output of heating Oil for what proved to be a mild Winter a has left the country with an unexpected although probably temporary glut of Oil products. Stocks of heating Oil and other distillates Are up nearly 39.6 percent Over the same period last year. Stocks of Jet fuel Are 27 percent higher than a year ago. And crude Oil stocks from which All products Are eventually refined Are 15.2 percent higher than a year ago. Oil daily says that the uncomfortable surplus of heating Oil could Start forcing some companies to reduce their prices drastically to sell some of it in the off Scurry for Loans Lincoln neb. A Home seekers jammed lending institutions Friday in a a loan Rush to claim a share of the s130 million in Low interest mortgage Money available through the Nebraska mortgage finance fund. Hundreds of loan applicants equipped with sleeping bags playing cards and plenty of Coffee bundled together against the night air thursday to ensure a place in line for the limited number of Loans which Are being processed on a first come first serve basis. The fund created by the legislature in 1978, will provide Home loan Money at a 10.75 percent interest rate for families with an adjusted Gross income of $22,000 or less who Are buying Homes priced below $55,000. Nationally mortgage rates have been averaging about 12 percent with some Banks charging 16 percent or More. Most of the Money will probably be spent on a $40,000 loan with a monthly payment of $373, state officials said. They said the monthly payment on a conventional loan would be $490, or $117 More per month. Lines began forming As Early As thursday afternoon. In Lincoln at least one Man arrived at 9 30 . Thursday 24 hours before the Loans were available. Applicants seemed Good natured through the Long wait. Several crowded into a Van to watch a portable television outside a Fremont Bank. Gerardo Dalnero and his wife and Small child Hope to buy a House after renting for More than two years. If they done to succeed through the fund he said a a we la just have to wait until the next time a if there is a next a this is my wedding present for my wife a said Pat Bell of Lincoln. Who plans to be married in the summer and is hoping to get financing to build a Home. He said it would be his a last chances to get financing at a rate that would keep monthly payments within reach for a Young married couple. In Fremont one firm allowed applicants to sign a paper in the order of arrival to avoid any crush when the doors opened. To on Sears reconditioned Over 50 to choose from some one of a kind All subject to prior Sale one year warranty 90 Day commercial warranty while quantities last was 299.99 no. 90481 21�?� rear bag $ of Power propelled Lawn Mower j Ca of was 249.99 no. 9048 21�?� rear bag $ o it Power propelled Lawn Mower Al m of was 239.99 no. 97394 20�?� rear bag $ i Zzz o Power propelled Lawn Mower Al u o was 229.99 no. 97393 20�?� rear bag $ of Power propelled Lawn Mower Al if Ca 195 139 149 114 139 114 was 279.99 no. 9741 22�?� rear bag Power propelled Lawn Mower was 199.99 no. 97391 20�?� rear bag Power propelled Lawn Mower was 229.99 no. 90471 19�?� rear bag push Lawn Mower was 189.99 no. 90771 20�?� rear bag push Lawn Mower was 249.99 no. 8169 Power propelled 18�?� Green reel Lawn Mower was 229.09 no. 8169 Power pro pelted 18�?� red reel Lawn Mower was 299.99 no. 9127 18�?� front throw reel Lawn Mower was 74.99 no. 9164 18�?� hand reel Lawn Mower was 89.99 no. 9166 18�?��?T hand reel Lawn Mower was 189.99 no. 97313 22�?� Side discharge Lawn Mower was 169.99 no. 90722 20�?� Side discharge Lawn Mower was 149.99 no. 91411 18�?� Side discharge electric Lawn Mower was 199.99 no. 90782 20�?� rear bag push Lawn Mower was 189.99 no. 90772 20�?� rear bag push Lawn Mower scabs Roebuc k Ano co. Was 229.99 no. 91421 19�?� rear bag electric Lawn Mower no phone orders no deliveries 100 Southgate Nevada at Southgate Road open Mon. Thru Fri. 9 30 to 9.sat. 9 30to 6_sundays 12to 5 162 138 150 48 54 114 119 97 1499

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