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Show i' Ma&w AltoaDnnit Ett? What is your reaction to the recent hair loss suffered by many Park City residents? Bobbye Jean Mueller , I've been bald in Park City Detore dui inu uu''j about it. Page 2 Thursday, March 27, 1980 MintaDiriisiIl ta II Our Semi-Decennial Celebration Park City has a special reason to celebrate 1980. Not only is it the beginning of a new decade with its promises of unprecedented prosperity, but also it marks the semi-decennial semi-decennial of that devoted Park City institution, The Newspaper. The year 1975 has a special place in the hearts of Americans. Jerry Ford was in the White House. The North Vietnamese were in Saigon. The United States was in a recession. In Park City, real estate prices were dropping. Stores were holding "Grand Opening" and "Going Out of Business" sales during the same week. Seven restaurant owners committed suicide by throwing themselves off the Main Street porch of the Car 19. Then came The Newspaper, rising out of the promise of that glorious year, and out of the remains of its predecessor, The Coalition. The mastermind behind the resurrection was Roy newspaper publisher Howard Stahle,. He offered Steve Dering, a Coalition refugee, a job as editor of the revived publication and gave him 25 percent of the business. Starting with the earliest issues, Dering showed promise of elevating Park City journalism to new heights. His ingenuity would have put William Randolph Hearst to shame, as he introduced the locals to such weekly features as a rhyming recipe column and philosophical interviews with local dogs which he called Canine of the Week. At this point, Dering was doing everything but selling ads. His duties included a weekly pilgrimage to Roy where the typesetting was done. About a year later, Stahle's 75 percent of The Newspaper was sold to a dynamic trio of local residents, Jan Wilking, Greg Schirf and Hank Louis. However, Schirf and Louis quickly discovered they were too smart to stay in the business, and worked out a deal with the other two. Dering and Wilking would get the business; Schirf and Louis would get the vacant lot next door. Dering and Wilking have often wondered if they got the better end of the deal. Dering and Wilking, who both were members of the City Council at the time, reportedly attempted to put The Park Record out of business by having the mayor declare it a local disaster area. Then came the drought year of 1976-77. The skierlV stayed away by the thousands. Businesses folded all over Park City. The Newspaper's cash flow became a dribble. The Newspaper's survival hinged on what is known as the trade-out. The paper's business went to those places which were willing to trade services for advertising. One local watering hole is said to have run a full-page ad every week just to keep up with the appetites of Wilking and Dering. Finally, it snowed. The Newspaper staff demonstrated its acute understanding of the sudden improvement in the business climate by going skiing. The front page of The Newspaper said it all: GONE SKIING. This issue immediately im-mediately was hailed as the most profound and informative infor-mative in the paper's history. Since then, The Newspaper has managed to stagger from one economic crisis to the next. The paper's employees em-ployees became known for their bi-monthly stampede to the bank to cash their paychecks before they bounced. Dering and Wilking introduced a host of other publications including the Lodestar and the Intermountain Skier so that the losses could be spread around. In December of 1979 The Newspaper marked the end of an era when Steve Dering took a job as marketing director of the new Deer Valley Ski Resort, selling his half of the business to Wilking for a price which reportedly reached double figures. Bettina Moench was named editor to continue con-tinue Dering's fine traditions. Throughout the years, The Newspaper has often be recognized for its contribution to Utah weekly journalism. It is a three-time winner of the Uinta Primitive Area Award for sophomoric reporting. It also received an honorable mention in the Axell Aspen photo contest for running four consecutive scenic shots which nobody could identify. It is only appropriate that we at The Newspaper choose this occasion to look back in wonder at its achievements over the past semi-decade. And to wish ourselves equal success in the years to come. Happy April First. -DH 'vi Weekly Special KK by Jack Anderson ear Has Carter Pushed Panic Button? president runs for re-election from the White House Rose Garden, the brochures offer voters the false promise of spring seed catalogs. For instance, one booklet glowingly spells out the Carter record on women's issues. It neglects to note that half of the government consumer programs listed as accomplishments have be"-discontinued be"-discontinued under his regim" Recently, the White House .eu a national meeting on equal rights. Totally ignored on the invitation list was the head of NOW (the National Organization of Women), the most influential in-fluential women's group in the country. Contagious Castro: The contagion of Castro's communism is hopping from island to island among the Caribbean countries on our doorstep. The fledgling governments of Guyana, Jamaica, Granada, Trinidad and Tobago, long ignored by our State Department, are showing symptoms of Castroism. The fever is now reaching Puerto Rico where a militant independence movement is on the rise. For years our State Department assigned amateurs and political hacks to represent us in the Caribbean. They puttered away ineffectively on an island in the sun. At long last, a warning confidential memo reached the desk of Secretary of State Cyrus Vance which said the United States "has not paid sufficient attention to the English-speaking state of the Caribbean area. "West Indian leaders believe the United States has ignored the region, has sent to it second-rate representatives represen-tatives and has failed to respond sufficiently suf-ficiently to its needs." The memo urgently advocated that the United States get rid of its banana-republic banana-republic attitude and "improve the quality and quantity of diplomatic representation" in the islands. Belatedly, the State Department has authorized special team studies for each of the newly emerging governments gover-nments that are being wooed by Castro, ic) 1980, United Feature Syndicate, Inc. Washington Like a clumsy auto mechanic, Jimmy Carter has now been nervously tinkering with the U.S. economy for more than three years. His latest scheme calls for letting the air out of the tires and bouncing the American people along the rough road of more inflation before going off a cliff into a recession. A cadre of skilled government economists within his own administration ad-ministration quietly fear that the president has pushed a political panic button and come up with a blueprint for disaster. The career economists decline to dissent publicly but a number of them have told us that Carter is committing another blunder. They agree that all of the inflation besetting the American consumers is not the president's fault but they cite White House indecision and uncertainty as contributing factors. fac-tors. For example, they point to Carter's inept budget balancing act this year. In January, he sent to Congress what was proclaimed an "austerity budget" which would produce a federal spending spend-ing deficit of under $16 billion. Two months later, the president issued a recall for more repairs and has now rolled out a new model calling for a "balanced budget." The experts we've talked to see little serious prospect that Carter and Congress will make any meaningful progress in cutting out waste in the budget. One said the president has just given it a barbershop trim, consisting of a few snips here and there. They sharply question his other prescriptions. The White House and Treasury are encouraging higher interest in-terest rates and tighter credit at every level. The bank rates are already so high that one of our sources termed it outright usury. Usury has been against the law since the Middle Ages; now it seems to be White House policy. Carter's new oil import fee will drive gasoline prices at the pump up by an estimated 10 cents a gallon. This, along with the interest rates, will immediately im-mediately boost the Consumer Price Index, sending essential living costs up. The Carter theory is that by forcing up the high costs of borrowing and buying, American families will cut back on their spending. He hopes to achieve less inflation by creating more. His curious approach failed to work in the past year and our sources doubt that it will succeed in the months ahead. They foresee the oncoming recession damping the furious forest fires of inflation. in-flation. But they predict that for every percentage point the inflation rate is lowered, one million persons will be thrown out of work and $100 billion will be lost in American productivity. Big Oil Squeeze: The economic slump and the energy crunch are creating a new breed of vanishing Americans. The big oil corporate profiteers are successfully suc-cessfully squeezing out small independent indepen-dent gas station owners by arbitrarily terminating leases, raising rents and kicking up prices they charge for their products. Since 1972, an estimated 100,000 privately owned or leased little businessmen have thrown in the towel, unable to compete with the favoritism the petroleum barons offer their subsidized sub-sidized outlets. The oil industry pumps millions from their profits into propaganda campaigns cam-paigns portraying themselves as the protectors of free enterprise. Small businessmen trying to compete are finding find-ing that in reality the oil companies are wolfishly ready for the kill. Over the last eight years, the gasoline sold by company-controlled stations has doubled. The actual consumption of gasoline hasn't increased nearly that much. By price manipulation and supply sup-ply controls, the oil giants are ruthlessly driving their little competitors com-petitors to the wall. Faulty Propaganda: Jimmy Carter's campaigners are circulating publications listing the accomplishments accomplish-ments of his administration. While the j f Ft ' V: v JedDudek To all my bald brothers and sister, remember . . . Skin is in and hats are where it's at ! Ann Kono I think if we adhair to the follicles that made this country great we can hold our head up and go a fur way. -el Donna Pouquette I don't want to belabor the point, I've already said my hair piece to the city officials. X - ' S -; ' j !.,!.,. ., . K ' , ' " " . i ' .. ? ''r Sandi McClintock I think the situation will implant a sense of humility in most residents. As for myself, to hell with the humility, I'm going for hair implants. Phyllis Rubenstein There's no sense in sticking our heads in the sand, it won't do any good. But if we stick our heads in manure something might grow. if ' j v- by Stanley Karnow HimitDopiP(Bitnw Mepa&iPit Inflation is a Monetary Sympton of Social and Econtimic demand, falling productivity, dwindling dwin-dling farmland and declining resources, resour-ces, oil among them. To these might be added military expenditures, ex-penditures, which are wasteful, as well as public policies, since governments automatically collect more revenues as inflation pushes incomes into higher tax brackets. Inflation is especially devastating in developing countries, where its ultimate impact may not be felt for a decade or more from now. Consider, for example, the case of Ghana. Because its domestic inflation is outpacing out-pacing the world price of cocoa, its major commodity, farmers there are cutting down their cocoa trees in order to plant food crops that they no longer can afford to buy. No only does this threaten to wreck the economy of Ghana eventually, but the absence of the cocoa trees will ruin its agrecultural land. Fuller also sees skyrocketing oil prices as both an effect and a cause of inflation, and not simply the consequence con-sequence of Middle East wars or the greed of Arab petroleum potentates. With rising population growth during the 1970s, he says, the world demand for oil increased, prompting the petroleum producers to react as sellers always do when supply is overtaken by demand. They raised prices. As excessive demand continued for oil, the petroleum producers themselves them-selves lost control over prices. This was reflected in the fact that, despite efforts by Saudi Arabia to moderate prices, desperate consumers like Japan drove them up by buying petroleum on the spot market. The vicious cycle that has resulted from the high cost of energy is that real incomes cannot be restored through boosting wages without worsening in- Washington, D.C. My introduction to inflation came as a child, when a family friend gave me a pile of old German marks as a gift. The banknotes bore face values in the millions, but a suitcase full had barely bought a loaf of bread in the Germany of the early 1920s. Since then, I have witnessed ur-bridled ur-bridled inflation firsthand in Europe after World War II as well as in countries like Indonesia, where the currency at one stage made Monopoly money seem priceless by comparison. Now, however, we are experiencing a totally new phenomenon for the first time in history inflation that is not only affecting selected nations or areas, but one that is eroding purchasing power on a global scale. It still may be moderate in some fortunate for-tunate places, such as West Germany. But it has soared to astronomical heights in lands like Argentina and Israel, and it is unlikely to fall below the double digit-level here in the United States. If inflation is America's No. 1 problem, a President Carter says, it ' ne's problem everywhere ,ven Communist states, with uieir regulated economies, cannot hold prices down. Thousands of words on the subject are published daily, but a recent study by Robert Fuller, former president of Oberlin College, makes a point worth emphasizing. It is that inflation is worldwide because too many people are chasing too few goods on a shrinking planet. In short. Fuller asserts, inflation in-flation is a monetary symptom of profound economic and social troubles. The deeper troubles stem from all those dangers that the doomsayers have been forecasting for years, such as exploding population, spiraling in Newspaper flation, which in turn erodes incomes. In Fuller's view, the cure for inflation does not lie either in the financial approach ap-proach of curbing the money supply or by imposing wage and price controls. Instead, he quotes Canadian Prime Minister Pierre Elliot Trudeau, who speculated that the response would come from "a political, philosophical or moral leader inspiring people to do without excess consumption." This means, in other words, a drastic change in the style of life-from stimulating demand to curtailing it. The effort would have to start by eliminating credit cards and putting Madison Avenue out of business. Among other things, Fuller submits, it also would entail a reduction in the size of the service sector, which represents more than 60 percent of the U.S. labor force, and channeling people toward productivity, which decreases inflation. Yet another answer to inflation is cutting cut-ting military expenditures, which run to some $500 billion per year, a sum that exceeds the income of the poorest half of the world. Maintaining a perpetual state of war readiness, Fuller says, is as costly in economic and social terms as waging war itself. Though all the U.S. presidential candidates can-didates deplore inflation, their recommended recom-mended remedies seem to focus on balancing the budget, dismissing the bureaucracy and fiscal fiddling of one kind or another all stopgap measures. Fuller's notions may be idealistic, but they appear to me to be worth pondering, pon-dering, if only as a reminder that chronic inflation means more than a thinning purse. It also is a measure of the world's health and stability. ( Released by The Register and Tribune Syndicate, 1980) Subscription Rates, $6 a year in Summit County. $12 a year oKlside Summit County Published bv Ink, Inc. L'sps :i78-;:to Publisher. 'an Wilking Editor Bettina .Moench Advertising Sales 'a" W ilking. Sandi Mcliinlock General Manger Terry Ilogan Business Manager Rick Lanman Graphics Bobbye Jean Mueller, Donna Pouquette, Sandi McClintock Reporters Conrad Klliott. David Hampshire Photo Kditor Phyllis Rubenstein Typesetting Kathv Deakin, Dixie Bishop Subscriptions & Classifieds Ann Kono Entered a second-class matter May 25. 1!77. at the post office in Park City. Utah S40(i(, under the Act of March :i. 1897. Published every Thursday at Park City, Utah. Second-class postage paid at Park City, Utah. Unsolicited manuscripts and photographs are welcome and will be considered for publication, however The Newspaper will assume no responsibility for the return of such material. All news, advertising and photos must be received prior to the Tuesday noon deadline at our office 4l Main Street in Park City, hy mail P.O. Box 7:ix, Park City, UT 84060. or by calling our office (801 )4!MHIH. Publication material must he received l Tuesday noon for Thursday publication. |