High Point Enterprise Newspaper Archives Jul 21 1976, Page 5

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High Point Enterprise (Newspaper) - July 21, 1976, High Point, North Carolina High Point Enterprise wednesday july 21, 1976 Macarter s adviser talks of recovery by John Cunniff a business analyst new York a while the democrats in convention assembled castigated the economic policy of president Ford a Jimmy Carter economic adviser believes the current recovery will continue Strong for another year or More. This is the latest report by the forecast team at the Wharton school which uses a i statistical or econometric Model of the Economy to make its projections its most prominent member is Lawrence Klein a Carter and i Viser issued on june la. The fore cast seems to indicate that whoever is elected president of the United states this fall should be Able to enjoy a fairly Strong Economy during his first year in office apparently the worst the Wharton team foresees is a Rise in the rate of inflation. As earlier declines in food and fuel prices come to an end but it foresees unemployment falling to 6.1 per cent by the end of 1977. Since the june jobless rate was 7.5 per cent the rate projected by the Wharton team would mean the dentist says he met prostitutes Home. A a p i a a Johnson City. Ten dentist has testified that he arranged to meet prostitutes in 1972 and 197, through one of la persons charged with operating an interstate prostitution ring or Herbert Lawson said monday in in s District court that Priscilla Scott made dates Tor him with prostitutes and that two other defendants. Charles and Wanda Coburn of Johnson City were patients of his whom miss Scott had referred to him he said he saw Coburn in one of two residences where he met prostitutes through miss Scott also monday a former prostitute testified that she worked for co defendant Hilly Johnson who she said transported her to several states to work As a prostitute. She said she met the former Bondsman and nightclub owner through her sister who also worked for Hun she and another former prostitute also testified that co defendant Mike Clemones of Home sometimes transported them to places to work and that miss Scott and defendant Kathy hatmaker both of Johnson City. Also provided places for them to work on occasion they worked at the superfly Massage parlor Roanoke v a the Mig Mig truck Stop Rogersville. Tenn and a trailer Park in Johnson City the women testified in addition two Tennessee Bureau of investigation officers testified that they worked undercover As truck Drivers for a raid on the big Rig in 1974 the first of two raids that led to the closing of the truck Stop John Carney and Bobby Baird said they made arrests alter being solicited Tor prostitution at the truck Stop other de tenants in the Case Are Roger Holtzclaw Rome. Joseph Harold Johnson Rome Klee samples. Warner Robbins a. Gordon sheets Johnson City Tenn and Eddie Lecompte Rogersville Tenn the 44-count indictment accuses them of operating the prostitution ring in seven states Troin 1969 to 1975 the trial began last week the prosecution has been through 21 of the 87 witnesses on its list lady Bird Tours Israel Tei Aviv Israel a lady Bird Johnson widow of former president Lyndon b Johnson is making a six Day tour of Israel and says she wants to see the nation s holy places Quot i studied the Bible All my life and there is something very exciting about being in this country a mrs Johnson told reporters monday during her visit she will meet prime minister Yitzhak Rabin and will visit the Lyndon b Johnson memorial Forest near Jerusalem she is accompanied by her daughters. Lucy Nugent and Lynda Robb i. J country was at least headed in the direction Carter seeks which is a jobless rate of less than 5 per cent. The main difference is that the Wharton team foresees prices rising As the number of jobless decreases whereas Carter Bas stated that his goal could be to Kiev red without adding to Price pressures. The Over All Wharton forecast would seem to give More support to the republicans than to the democrats although the computer Model used by Klein and his associates apparently is aseptically apolitical. So much so in fact that nowhere in the material released to the news Media is there any indication of How presidential economics could affect the findings when of course they Jio sometimes unintentionally. Democrats can easily recall for example that while president Ford lakes credit for the improving state of the Economy he was actively seeking a tax increase at the very time the worst recession since the 1930s was under Way i broking Back it is recognise de that perhaps what was needed at the time was the precise opposite a tax nit a conclusion to which his chief economic adviser finally steered him in March 1975, at the depth of the recession projections such As those made by the group at Wharton which is part of the University of Pennsylvania. Can also be undermined by changes of policy by Tho Federal Reserve Board which controls the Money Supply Many critics of the fed maintain that in easing or tightening the Money Supply the fed operates with a Cudgel instead of a Scalpel. And that it ran kill off a recovery almost at will it can do the opposite too but the evidence suggests that at the moment the fed worries More about inflation about a recovery becoming an unsustainable Boom. 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