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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 18, 1978
Page
10
The Odessa American outlines its capsule policy and belief in voluntary spending over involuntary distribution. It states permission to reproduce editorials originated by The Odessa American with proper credit.
The piece argues that small and medium enterprises, constituting 98 percent of private commerce, suffer from rising capital shortages, high failure rates, and heavy regulatory burdens. It laments OSHA and EPA as top irritants, cites Dunn and Bradstreet figures showing 425,000 new starts but 370,000 failures, and warns that higher minimum wage and bureaucratic mandates threaten the economy’s seed bed for growth.
A columnist analyzes Teddy Kennedy stance amid Carter era fiscal pressure. The piece questions whether Kennedy backs Handout Society welfare and national health insurance to position for 1984, noting public demand for frugality and predicting political maneuvering beyond the 1980 cycle.
The almanac notes December 18 1978 as the 352nd day with 13 days left in the year. Highlights include 1865 abolition of slavery via the 13th Amendment and other dated events such as Valley Forge in 1777 and New Jersey ratifying the Constitution in 1787.
President Carter tried to woo defeated South Carolina candidate Ravenel to an undersecretary role. Ravenel declined, averting potential resignations of Commerce officials and a Senate race impact. Bush seeks right-wing support led by Dent who also refused. House defense subcommittee shakeup looms with Mahon retiring and Conte eyed.
The piece argues against curbing foreign land ownership, noting extensive foreign and American investment abroad and at home. It cites a net surplus of American investments abroad, explains capital and labor mobility, and defends private property rights against government limits on selling land to foreigners, asserting ownership must remain freely transferable.
The page outlines letters to the editor submission rules. Writers must include a bona fide signature, home address, and telephone number, but only name and hometown appear in print. Letters should be under 500 words, timely, constructive, and free of personal attacks or slander.
V H Krulak argues in Strategic Review that using the China card risks transforming Communist China into an economic and military titan at U S expense. He cautions arms sales on credit, de recognition of Taiwan ties, and a flood of textile imports would damage U S jobs and overall economy while pleasing the Soviets. The Carter administration faces a dangerous gamble with Peking.
Ox bits list key events: Pope Celestine IV died after two weeks in office in 124, Kemal Ataturk founder of modern Turkey died in 1938, Stalingrad renamed Volgograd in 1962, cosmic ray discovery announced in 1925, Basil Rathbone born (actor).
Weekend crossword solution list with clues and answers including 49 small songbird 53 proper 55 period in history and various numbered entries. fills span iden tified cryptic phrases and simple terms across the grid with theme clues and standard crossword conventions.
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