High Point Enterprise Newspaper Archives Sep 13 1974, Page 12

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High Point Enterprise (Newspaper) - September 13, 1974, High Point, North Carolina Cigarette business watergate frustrating Economy efforts by Brian Sullivan a science writer Atlantic City n j a cigarette smoke May be a major source of human exposure to pesticides a University of Kentucky scientist said thursday or h. Wyman Dorough told a National meeting of the american chemical society that not Only May the smoker be exposed but also the nonsmoker who breathes to cigarette smoke. Dorough said that assuming there is a Hazard to smoking the tobacco itself the pesticide contamination would at the least add a further Hazard at the worst he said it perhaps could produce an effect even greater than the two hazards added together. Dorough said tests with rats breathing cigarette smoke showed that a substantial amount of the pesticides used in tobacco production survives the burning process and is carried in the smoke. A wide variety of pesticides Are used in the production of tobacco especially chemicals designed to control insect pests of this crop a he said. A residues of Many of these chemicals persist on the tobacco and constitute a potential source of insecticidal contamination to Man common cigarette filters have Little effect on the amount of insecticide residue that is delivered to the smokers lungs he said. Or. Dorough said there has been Little or no study of the effects on Man of these residues new York a the malfunctioning Economy May in theory be the nation s no. I problem As president Ford has indicated but once again watergate has preempted the no. I attention. For a month it seemed inflation. Recession and related difficulties haunting every household would be exposed by enlightened discussion and eventually routed by decisive action. Those who held that View now Aren t so certain. Whereas the Pardon of president Nixon was decisive and required no conference the no. I problem the Economy remains in the discussion stage. The president has indicated it is now too late in the congressional session for enacting anti inflationary legislation and the inflation Battle is being fought with much the same attitudes As the former administrations led by a chairman of the Council of economic advisers chosen by Nixon Alan Greenspan the chairman. Has reiterated his belief that the Money Supply must remain tight despite the consensus of economists at a White House meeting sept 5 that the Money Supply should be eased the Federal Reserve Board has responsibility for controlling the amount of Money fed into the Economy. It can Cut the Supply if it feels too Many dollars Are chasing too few goods or release More funds if the Supply seems insufficient. The big controversy Over tight Money now is whether it might be strangling Domestic Industry while failing to hold Down prices of Oil and other imports. Opponents of tight Money argue the nation is on the verge of a deep recession and the Economy needs an injection of financial Energy rather than a further restriction. At the White House meeting economists of various leanings acknowledged a need for monetary restraint but agreed slightly easier Money might now be in order. But they May not have been convincing Greenspan stated at midweek that a inflation is essentially a financial problem so if we Are to Brin j inflation under control we have to strip out the financial financial bloat in this context Means excess Money. That leaves Many people wondering about the psychological factors a for example the failure of leadership that played so targe a role in frustrating the Nixon administration s attempts to control inflation the most important psychological Factor can be summarized in two questions 1. Do people believe the government will succeed in holding Down prices 2. Or will they conclude that the government does t understand the problem and will fail to control inflation if the answer to the first is a yes Quot then inflationary psychology might be Defeated. A a yes Quot to the second question would mean the a buy now because prices will be higher syndrome prevails. Black cat Salk open tonight til. Triad air charter a division of Paul h. Gibson leasing co., inc. Faa approved Piper Aztec passenger cargo Day amp night from High Point Greensboro Winston Salem Box 129, Trinity , phone 4312120 seethe Best on lbs tonight of my to for 100% solid state Sylvania portable color 13�?o Diagonal Model ca4111 with acc Fine tuning i i new time i two hair raising i Hunts in a half a i hour each for $25,000 Cash Geoff Edwards hosts this fun i filled game l show now or. I its second a great year 7 30 new treasure Hunt j new show j now its a series i Roddy Mcdowall stars i in his original role. 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