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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jan 03, 1978
Page
4
The Gazette reviews the failure of Congress and the Carter administration to enact a national energy policy in 1977. It notes a stalled energy agenda, fiscal strains from high oil imports, and the risk to foreign policy as energy concerns persist into 1978.
Hillsdale College, which rejected HEW funding two years ago over academic freedom concerns, defends its independence while warning students their aid could be at risk. President George C. Roche notes historical progress on desegregation and women graduates, as the college increases a $29 million scholarship drive to ensure financial support without federal strings.
A look ahead to 1978 at the Ohio Statehouse highlights lingering school financing issues, potential tax changes, and a slow funding path. Leaders push for a rules review of agencies while targeting a pay raise for 56 000 state workers and judges. A $10 million contingency fund aims to lure new industry and assist infrastructure.
Julius Shiskin, head of the Bureau of Labor Statistics, previews a new consumer price index to replace the old market basket method and cautions against treating monthly unemployment estimates as hardship gauges. He notes the CPI drives wages, federal funds, and policy decisions.
Shiskin explains the CPI measures prices of goods Americans buy monthly and notes it is not a full cost of living index. It excludes taxes and does not capture economic hardship or unemployment effects, which require income data and separate federal agencies.
The U.S. Chamber of Commerce and Gallup questioned 2,000 chief executives with 1,174 replies. More than three-fourths anticipate a worsening business climate, and a 50 50 chance of recession in two years. Yet 84 percent expect sales and 53 percent profits to rise, amid concerns over government policy, red tape, taxes, energy costs, and credit availability.
In a brisk critique of the rush to label and box every secret of the universe, the writer rails against simplifying theories such as quarks and the newly found diproton. He questions the notion of a simple theory uniting all forces and mocks attempts to confine God to a box. The piece reflects ongoing debate over fundamental particles and the limits of human understanding.
The Gazette explains that timely general interest letters are welcome for publication under rules. Letters must be original and signed with name address and phone number. publication may withhold names for good reasons. libelous or in poor taste content may be refused. editors may edit or delete lengthy or repetitive portions.
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