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Show WEEKLY REFLEX-D- A VIS NEWS JOURNAL, AUGUST 5, 1976 Economy Faces Increases In Cost Of Labor By Babsons Reports Inc., Wellesley Hills, Mass., July 22, 1976. The marked gains in economic activity during the first half of this year compared with the same period in 1975 lined up well with the predictions made earlier in our 1976 Annual Business Forecast. AS WE had anticipated, the most pronounced advance occurred in the first quarter with the improvement for that three-mont- h span even a little better than we had expected thanks to the vigor of consumer spending. And business continued its upward course in the second quarter too, in spite of some softening in retail trade. 1976 ORIGINAL Business Forecast called for a continuation of the uptrend in the second half of the year, although we did look for the margin of improvement over the third and fourth quarters of 1975 to narrow somewhat. We are not inclined to alter this projection, and the momentum gained thus far in 1976 makes it likely that a OUR WILL CONDUCT Ardean Watts, associate conductor and official pianist of the Symphony, will conduct the Utah Symphony at a pops performance at the Park City Arts Festival. The Utah Symphony, with Ardean Watts conducting, y will cap Park Citys Arts Festival with a pops concert on Sunday, August 15, 5:30 p.m. at the Park City Resort Patio, located at the base of the gondola. Manookin has been a soloist twice with the Utah Symphony and has appeared two-da- on the Liberace, Mike Douglas and Joe Franklin shows and other New York television shows, and has made several local television appearances. He made his conducting debut at 16 with his own work, Concerto for Flute and Orchestra. THE informal, outdoor concert will offer a program that features popular pieces such as Gershwins Rhap- -' sody in Blue and Porgy and AS ITS Bess. It is very appropriate that the Utah Symphony become a part of the Park City Arts Festival inasmuch as we have been pioneers in taking great music to people in their town, says Ardean Watts, associate conductor and official pianist of the Utah This appearance , Symphony. is a good example of the Na- tional Endowments Arts Program that provides cul- tural opportunities for every citizen. name implies, the Utah Symphony has a major commitment to serious symphonic works that only such an orchestra can perform adequately, but anyone who has heard the Utah Symphony play lighter, popular works will remember how exiciting it was to hear these versatile artists play the music that is familiar to all. there will still be the threat of labor disputes, particularly in the adverse implications stemming from the widespread TICKETS FOR the Utah Park City Symphonys concert can be pops purchased at the following locations: Utah Symphony Box Office, 55 West First South, Salt Lake; Ogden Symphony Office, 2580 Jefferson Avenue; Provo Music 55 West Second North; Park City Chamber of Commerce, Dollys Bookstore in Park City, or at the Park City Resort Box Office prior to the concert. Ceiings Work Guaranteed WATCH IT platform is something a on before election and falls down on afterwards. Star, Minneapolis. A candidate stands 773-42- 94 FURTHERMORE, sumer confidence. Rhapsody in Blue and Suite from Porgy and Bess. A Remodel your Call con- Mans Desiring, Mendel- Midsummer Nights Dream Incidental Music, Beethovens Leonore Overture No. 3, Gershwins FOR FREE ESTIMATES eroding business and overlook ssohns CEILINGS IT MUST be remembered that this economic expansion is now more than a year old, and monetary policies are less liberal because of the . danger of inflation. Indeed, inflationary pressures will be steadily more evident, inviting additional upward tendencies in the interest rate structure and automotive field where contracts expire in between the Big Four and the United Auto Workers. Also, it would be well not to Chadwicks Jubilee and continue with Bachs Jesu, Joy of SPARKLE the year. IN FACT, chances now seem favorable for the current upward phase of the cycle to lap over into 1977. The second half of 1976 will not have the benefit of certain conditions usually responsible for powerful, steady economic progress in the early phase of most postrecession business revivals. Mr. Watts will conduct the in a program that will open with Park City concert THE AUGUST 15 Utah Symphony pops concert is a welcome return of the orchestra into the pops field after an absence of four years. One of the concerts highlights will be the guest appearance of Jeff Manookin, Salt Lake Pianist, who will perform Gershwins Rhapsody in Blue. Described as one of the most complete, talents of the new generation of concert artists, by El Alba of Venado Mr. Tuerto. Argentina, healthy business increase will hold through the end of -- the potential dangers from world hot spots such as the Middle East and southern Africa. IN ADDITION, there are and acute drought currently scourging parts of Europe. The Research Department of Bobsons Reports expects the rate of inflation to average around 6 percent in the final two quarters of 1976, and possibly a bit higher. SHORT OF the impositions of controls - which is unlikely in this election year there is no way for the economy to avoid the effects of increases in the cost of labor, transportation, and raw materials. The impact of these factors, however, could be softened somewhat by another hefty agricultural outturn, which at this time appears to be a reasonable possibility. THE NATIONS Gross National Product should trend higher, in terms of both current dollars and ex inflation. On the latter basis, the - GNP could move upward suf- Production Industrial should also climb further, as- - suming a protracted auto strike can be averted. But the sharp jumps in durable goods 1976 are of first-hal- f not likely to be repeated. STRENGTH CAN be susout-p- ut in the consumer tained, nevertheless, production of goods, and gains in some in- dustrial lines that have lagged thus far in the recovery should help to lift overall output to new peak levels. The expected force of the employment and personal income, even though it will be difficult materially to reduce unemployment. CONSUMER SPENDING should be firm to higher. The last half of 1976 is likely to see corporate profits racking up fresh gains over and above earlier progress, which may encourage more liberal capital spending. Workers Save On Energy Federal workers saved taxpayers $1.6 billion by using less light, less heat, and less travel money over the past two years, according to the Federal Energy Administration. CONSERVATION practices reduced the Federal Governments energy use by nearly 25 percent, saving the equivalent of 187.6 million barrels of oil. However, since the Federal Government uses only three percent of the countrys total energy needs, conservation in the private sector would have a much greater impact, says the FEA. Parking 2. Two Entrances Weather Do have mountains anything to do with rainfall? What role do they play in controlling precipitation in the United States? a MOUNTAINS have definite effect on cloud movement and rainfall. In the United States the really high mountains near the West Coast are a major influence on the weather. In this case they block moist, maritime air, or drain the moisture out of it as it moves east causing the dry regions in the western area. THE UNITED States is favored with four sources of maritime air which brings rain and produces necessary vegetation. From the Pacific, air masses move in from the northwest and southwest. In the Atlantic, air masses enter from the northeast and southeast. ONLY FROM the polar region, via Canada, and from Mexico (in summer) do we get dry air masses over the United States. American League manager Darrell Johnson said before the recent Philadelphia contest his league was darn tired of getting licked every year. The league is even more tired now. THE JULY 13th event was no contest. The American League, as usual, mounted no major offense, were stiffled by top pitching - again as usual. The junior Major League wont win again until it comes up with airtight pitching. Contrary to most reporting, Mark Fydrich didnt pitch badly and didnt really give up a run. In his two innings he allowed three hits. - 4. All types of Fabrics Under One Roof. 5. All types of sewing accessories 6. Personalized Service See Our New Display Area at 21 E. Gentile, Layton Across Lot From Parking THE SCORERS called Steve to right field a triple but the ball should have beencaughL Had it beencaught (or even held to a single that outfielder fell down going for it off the bounce) no runs would Garveys fly 3. Air Conditioned Comfort. Old Location Just More Room to Browse have scored against the Bird. So the Tiger pitcher really didnt do badly. The three ABC television announcers did worse. ONLY ONE was candid enough to say at the time the Garvey ball should have been caught. He was the Leaguer, of course, who knew the ball was no triple. Discounting that poor play, the National League would still have won, Gopher pitches from Hunter and Tanyana accounted for four of those runs. 5-- & Shop Steaks elUMSHElfl1 e ftnjQM liEffliEHr-- GtiDQM BDOCffiB All-St- 1. Plenty of mm recovery should exert a .favorable influence on American League: Its Tired THE ONLY VAY TO SHOP b Cso ficiently during the second half of 1976 to enable the year as a whole to top the real GNP of 1975 by 6 per cent. |