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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jul 31, 1973
Page
10
Analysis argues that the White House evolved into a sprawling, opaque bureaucracy capable of aggressive executive action. Watergate is cited as evidence of a tangled, overlapping system where lack of clear authority bred rumor, conflicts, and mistrust, blunting the presidency's power.
The piece argues that price controls in Phase 4 fail to curb inflation and will raise costs for consumers and shrink corporate profits. It blames deficit spending, government programs, agricultural supports, and monetary policy as root causes, urging a return to market forces and a delayed but inevitable readjustment.
The American Insurance Assn warns homeowners not to store gasoline at home as inflation hedges or shortages risk. President T. Lawrence Jones notes fire loss risks outweigh any benefit, and even small quantities for lawn mowers should not be kept.
In a book reviews issue a reviewer quotes the phrase at this point in time while a Pontiac Michigan firm warns customers that the listed telephone number will be inoperative effective with the release date.
AP reports that companies offer cafeteria compensation enabling executives to mix cash and benefits. Future money via pensions and insurance, after tax versus before tax, and expert financial advice create estate and investment advantages. Survey shows 80 of 269 firms adopt such plans with 24 considering. plans target officers earning over $60,000 and emphasize tax returns and estate planning.
Key events marked July 31 include Lafayette joining the American cause in 1777 and becoming a major general, Columbus sighting Trinidad in 1498, Edison patenting the phonograph in 1877, and Truman dedicating Idlewild in 1948. Births, birthdays, and brief moral, inflation, and geologic thoughts close the chronicle.
Hal Boyle prescribes status checks like brushing teeth and lampoons social snubs. He sketches indicators of high status such as Watergate suites and Picasso credit buys, then skewers the loser with misfortunes like pawned TV sets and social rejection.
By the year 2000 an estimated 75 percent of total energy and half of U.S. electric power will rely on fossil fuel reserves not yet exhausted.
Bruce Biossat laments inefficiency across travel, telecom, banking, and services, arguing modern systems breed waste and frustration. He contrasts clumsy practices with the old standard where routine tasks were completed properly, valuing personal time and choice over bureaucratic bungling.
Scientists, workers, and the U.S. government push solar energy as a solution to the crisis. Nixon cites the sun as inexhaustible. Congress funds solar research amid forecasts of widespread adoption in 5 to 15 years and a potential 20 percent of U.S. energy needs by 50 years. NASA NSF panels urge $8 billion over 15 years, with 26 U.S. firms exploring solar heating and cooling. Senator Humphrey notes no current source will meet future clean energy needs beyond the sun.
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