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Show Forialb 0M:r t)jurtfi University nf lit eh Ut-'- palt LukeCity h nt " SAlT VOLUME 16, NUMBER 205 Capwla to 5 LATENT AILMENT REDUCES INDUSTRIAL INJURY AWARD IVAN B. EVANS, of perSupreme Court: Affirmed Industrial Commission reduction manent disability award. "This type of case, where an employee is injured and no doubt needs help, and where society might, if possible, under existing law, furnish help taxes the emotions of people In the judicial department It suggests an urgence to overrule administrative agencies charged with processing these claims, so as to provide relief without statutory sanction, to which we cannot succumb. Judge Plaintiff counsel: E. H. Fankhauser, Paul N. Bldg. s, Vernon B. Romney, Frank J. Allen See details page 4 . Alarms Loan Institutions LOS ANGELES (AC9CN) Initial fear of an electronic banking system out, the role of government in the economy and as an employer is now greater that no politician, worth his salt will sit by and let things go down the drain. Thus, the government will always do what it can to cushion any economic downturns, he said. In addition to the role of govern- but a determination to fit the savings and loan industry into it highlighted the morning session of the 29th annual meeting of the National League of Insured Savings Association here, October 17. ment. Kreager identified as By coincidence, one day earlier, significant elements in the economy on October 16, the Atlanta area of the next 10 years, the tremendous banking system, inaugurated the .increase in young and younger wave of the future the electronic middle-age- d coming into the fund transfer system (EFTS). and spending years; homemaking Under this system transfers of funds the relative decline in the population between banks are recorded elecsector of the 5 year age group tronically, thus doing away with who have it made" and money to mountains of paper work. .invest; a sharp drop in college When the system is fully enrollment operational and covers the entire nation, we will no longer have to write checks or worry about paying monthly bills, for those things will be automatically debited or credited by computer. Those of us who work on 35-5- Mobile Homes Operator Sued salaries paychecks will never see our automatically credited to our Price Hikes On for they too will be i - ac- counts. The danger of the new electronic wizardry to savings and loan system was spelled out by William F. McKenna, of McKenna and Fitting, of Los Angeles, at the Tuesday session. Without free or compulsory access to the electronic transfer system, McKenna said, the savings and loans will be left out in the cold. The country's commercial banking system would have a monopoly on the means by which money flows in and out of the consumer economy, The banks could build up their own data storage systems and, with this vital restricted information, have a tremendous competitive advantage over outside institutions such as savings and loans. The remedy for this, McKenna indicated, is for the electronic transfer fund system to be declared a public utility and thus opened up to g all sectors of the industry. It is a public utility, McKenna emphasized, because the public is affected through the ways and means by which money flows into the economy. Another Tuesday speaker, H. Dewayne Kreager, president of the Pacific First Federal Savings and Loan of Tacoma, outlined some of the basic elements in the economy which savings and loans will have to deal with in the decade ahead. In the first place, Kreager pointed and operates Parkview Mobile Estates, a188-lo- l trailer facility with some 350 residents. The Cost of Living Council charged that Marantz cm Sept. 1, during President Nixons freeze, sought to raise rents an average of $20 a month, and threatened to evict 70 tenants who refused to pay. "Threats of eviction coupled with harassment and attempted coercion has resulted in 33 residents leaving the premises," the suit said. The Price Commission approved the $20 rent increase last April 5, but the suit charges the trailer park did not give tenants the required 30 days notice of the rent increase before putting it into effect. The suit asked the court to bar Marantz from charging rents higher than allowed by the Phase II controls or from evicting tenants for refusing to pay the illegal increases. It also asked the court to order the trailer park to reimburse tenants for any illegal rents already collected. wage-pric- e money-providin- . THURSDAY, OCTOBER 26, 1972 ; unemployment. The committee is holding hearings on ways to lower the jobless rate, the governments top economic currently at 5.5 per cent after priority should be "full em- hanging near the 6 per cent mark fra ployment" in which jobs would be 19 months. available to all persons seeking Goldfinger said the solution is work. Nathaniel Goldfinger, research director for the Labor Federation, said this would mean an unemployment rate of from 2 to 2.5 per cent since many workers still would be out of jobs temporarily for various reasons at any one time. Goldfinger, in testimony prepared for the joint economic committee, thus disagreed with President Nixons approach that inflation, not unemployment, is the biggest economic problem. Labor leaders have accused the White House of fighting inflation by increasing Heart Role Laid To Fat But Not Cholesterol (UPI) -A research team at an Australian university has isolated and identified the fatly substance which acts as a clotting agent in heart attacks, it was announced, October 19. Dr. R. S. Parsons, one of two men who made the discovery, said he HOBART, AUSTRALIA believed the isolation of the fat had ruled out cholesterol as a major cause of heart disease. The big step in preventing heart attacks, he said, was to attempt to develop a method of controlling the behavior of the fat. The team, working at the Hobart campus of the University of Tasmania, hopes the findings will lead to a preventive for the blood clots which cause heart attacks. team John B. associate Polya, professor of The and senior WASHINGTON (UPI) government has filed suit against a California Mobile home park operator for allegedly raising fees illegally and threatening to evict tenants who refused to pay them. The suit was filed in federal court in Los Angeles October 15, against Tahquitz Canyon Trailer Park, Inc., of Palm Springs, Calif., and its president, Jack Marantz, who owns 1971, CUT,. UTAH overall fiscal and monetary policy to curb inflation a policy Goldfinger said had been "much too on INDUSTRIAL COMMISSION, GIBBONS & REED CO., and EMPLOYEES INSURANCE OF WAUSAU, Defendant Defendant counsel: E By Donald Finley AFL-CIO- s WASHINGTON (UPI)-T- he chief eonomist told Congress JR, Plaintiff Cotro-Mane- 1 A U.S. Top Economic Problem Is Jobs, Labor Economist Tells Congressmen Utah Supreme Court Decisions 20 cm L'.12 The two-ma- n Parsons, a chemistry, research fellow in the department-sa- id they had been able to isolate the fatty clotting agent while making an investigation of the part played by cholesterol in coronary occlusions. The fat is produced in large quantities by the body at times of stress. Dr. Parsons said his aim now was to go into the complete chemistry of coagulants and to find out why the Mood coagulates or forms a clot. He said that if it could be ascertained why blood forms a clot, it may be possible to prevent it. If doctors could prevent the blood from clotting then heart attacks caused by blood clots, could be prevented, he said. Parsons said he and Polya were puzzled by the apparently contradictory influence of cholesterol. It appeared that cholesterol slowed down the rate of blood coagulation but at the same time acted as an agent to inhibit the destruction of coagulates already created. Although cholesterol appeared to tx present in large number of heart attacks, it may be it was not a significant factor, he said. Preventing people from undergoing stress was an obvious solution but not one readily applied in today's world, Parsons said, adding that the age group which fell victim to heart disease was becoming younger every year. expensive in unemployment, idle productive capacity, prolonged sluggishness and, in recent years, in huge successive budget deficits." Earlier, a group of economists simple: the government should take said in a study prepared for the steps to create more jobs, especially committee that an unemployment d for the and unskilled rate of less than 3 per cent was a workers. "realistic" goal for the next decade. He said this could be done by inThe Harvard and MIT faculty creased federal sibling to create members also argued that the jobs directly or to' spSQQ&JPoney on permanent unemployment rate can projects that would teaa.Vgftmore be lowered substantially "without jobs. He said federal eff(tk shU inducing an unacceptable rate of be selectively pinpointeaHtwarl inflation. creating more jobs. Opy. recommended new jeport In contrasrjAGoldhngd paicT policies to increase the stability of President depended employment among young workers, n "entirely on a simplistic the elimination of unnecessary to national economic approach seasonal and cyclical fluctuations policies," with an in labor demand, and an increase in the speed with which the jobless are to work. returned ATTORNEY GENERAL The government reported healthy gains in industrial production and OPINIONS personal income in September. The Liability Insurance Federal Reserve Board said the STATE BOARD OF HIGHER output of the nations factories went EDUCATION HAS AUTHORITY up 0.6 per cent last month, compared TO EXPEND FUNDS TO COVER to 0.7 per cent for August. semi-skille- NiJnud push-butto- over-dependen- ce ITS MEMBERS, EXECUTIVE OFFICERS AND INSTITUTIONAL COUNCILS. See details page 3 . To Take Case On Prepaid Bills Cut Down Small Business Trys WASHINGTON -A(ACCN) most small lthough traditionally business firms have been started on limited capital, the opportunity to enter into business in this manner is becoming quite restricted, the National Federation of Independent Business is finding.' The problem is mainly one of the heavy advance deposits required from not only utilities, but various branches of government. Even if the fledgling operation can borrow to cover the amounts of the deposits, the interest rate is usually around 9 percent. A typical report to the NFIB on this problem comes from a mediumsized Wisconsin community, and states, "I went into the drive-i- n restaurant business approximately five months ago with $3,000. As soon as I opened, I had to pay $675 electrical deposit, $700 sales tax deposit, $250 deposit, with the Federal government and my first quarter Federal withholding tax went to $874. Now I have to deposit more money. They require I pay in 2.7 percent of my payroll. "All these deposits," he says, "have just about put me out of business. The way I see it a small business cannot afford employees. I also don't see why the electrical company, the Federal government, and the state government don't tell you about all these deposits until after you open. Now I understand tax. there is a $595 There is no way I can raise this." Total of the deposits demanded exceeds the capital of the new nt venture by $94. Provocateur WASHINGTON (UPI)-T- he Supreme Court has agreed to rule this term on the governments claim that all law enforcement is threatened by a lower court decision reversing the conviction of a man because of an "intolerable degree of participation by an undercover agent. The 9th U.S. Circuit Court of Appeals in Seattle, last April 6 reversed the conviction of Richard Russell for illegally manufacturing, possessing and selling metham-phetamin- e because a federal narcotics agent, posing as a trafficker, had supplied Russell with an essential chemical ingredient. The government appealed, the issue is of fundamental importance to the conduct of legitimate investigations into criminal activity, By creating an ambiguous, subjective standard for a defense claiming based on improper governmental conduct, the court below has placed a substantial obstacle in the path of proper investigations into criminal activity," the Justice Department argued. this trans"Furthermore, formation of the defense of entrapment into a shield for the criminally predisposed poses a threat to effective law enforcement generally. The High Court will hear arguments in the case later this term and hand down a written opinion. Russell was convicted and sentenced to six months imprisonment plus three years probation. But the Appeals Court reversed his conviction on grounds that participation of the narcotics agent constituted such "overzealous law en- forcement" that it contravened "fundamental concepts of due process. |