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Show 1931 Outlook Indicates Slow Economic Recovery The outlook for the United States's economy in 1981 suggests a slow pace of economic recovery according to Roger Ford, vice President, quoting the "First Security Newsletter." The quarterly report, which will be published this week, is edited by Dr. Kelly Matthews, vice president and chief economist for First Security Corporation, regional bank holding company. Inflation and interest rates are expected to remain high by past standards but the extreme volatility in financial markets may be dampened. Little, if any, growth is expected during the first half of the year, but a more favorable economic climate is anticipated an-ticipated by the second half of 1981. The record high interest rates reached in December will undoubtedly dampen the pace of economic activity in the first quarter. Although consumer spending strengthened in the week prior to Christmas, consumer confidence con-fidence in the months ahead is expected to weaken and spending occur at reduced levels. There is little reason to expect to expect improvement in the rate of rate of inflatioion in 1981. Higher food and energy costs along' with unit labor cost pressures will probably sustain inflation in-flation near 10 percent in 1981. The economic policies of the Reagan Administration will be extremely ex-tremely significant in shaping the economic climate of 1981 and beyond. President Reagan has clearly proclaimed pro-claimed his commitment to address inflation as the nation's foremost problem. A generalized tax cut remains the focal point of the new economic program but corresponding budget cuts must be included. Interest rates are expected to ease modestly during the first half of 1981. The reduction in both short and long-term long-term rates will be less pronounced than the steep slide which occurred in the second quarter of 1980. This analysis is based primarily upon the assumptions that inflation will remain near 10 percent during the first quarter of 1981. The economic outlook for Utah in 1981 indicates an improving business and financial climate. The realization of this forecast will, however, most critically be influenced by national economic policies and the resulting trends in interest rates and inflation. The economic difficulties which characterized the national economy in 1980 were also clearly evident in Utah. In many sectors of the economy, growth rates in 1980 were the slowest of the past decade. The final 1980 census showed a Utah state population of 1,461,037. This population total was 38 percent above the 1970 census indicating that population growth was actually more rapid than was previously thought. The rate of unemployment in Utah in 1981 is expected to average 5.7 percent, a level only modestly improved im-proved from the rates recorded in the latter half of 1980. Residential construction activity is expected to improve in 1981 but the volume of new housing starts will remain considerably below the boom conditions of 1978 and early 1979. Mortgage rates, currently in excess of 15 percent, may ease modestly in the months ahead but are unlikely to go below 13 percent. The mineral industry contributed significantly to Utah's economy in 1980 and further expansion is anticipated this year. Exploration and drilling in the Overthrust Belt of southwestern Wyoming and nothern Utah is also expected to increase in 1981. '"fas 4 4 ft. """ Orem-Geneva Times -January 29, 1881 Board Of Education Announces Vacancy ,m w YJ; Mother nature decorates the landscape in many different ways. Last Friday Jan. 23 after a heavy Thursday night fog in southeast Orem, the bushes and ground was covered with about one inch of snow or crystalized fog and from the access road north the ground was bare. The covering apparently spread across the south part of Orem. Comments On Alpine School District's Future UTC Enrollment Sustains Increase The number of students registering for the current winter quarter at Utah Technical College at Provo-Orem should be "well above" the same time a year ago, according to Registrar Grant Cook. Precise figure?, "he .'.said,, must await final compilation. ' President Wilson W. Sorensen noted that this sustains the continued upward trend in Utah Tech enrollment. While the winter quarter is not expected to surpass the all-time institutional record of 4,481 set the fall quarter of 1980, he said the significant factor is that it should substantially sub-stantially exceed the 3,773 of the winter quarter a year ago, and should boost the year-round average. Registrar Cook predicted that current winter quarter should surpass 4,000. - President Sorensen noted that long-established long-established trends in enrollment show a peak in the fall quarter and declines for the rest of the year beyond that. The all-time enrollment record of 4,481 set last quarter was an 8.5 percent increase over the previous record of 4,130 set in the fall quarter of 1979. An even better picture in Utah Tech's enrollment trend is the full-time equivalent increase. in-crease. This is obtained by taking total students and dividing by 15 credit hours, considered a full-time full-time load. This showed a 14.5 percent boost last year and is a healthy indication that more students are enrolled full-time full-time at Utah Tech. The full-time equivalent calculation becomes necessary because many Utah Tech students take only a part-time load in the evening school. Alpine School District's chief employee, Dr. Max B. Welcker, has served the district for five months. He is pleased with the district's performance, per-formance, but realizes it needs growth and improvement. im-provement. Dr. Welcker took over the district in August, replacing Dan Peterson who moved to a state education position. Being the superintendent superin-tendent of schools for Alpine is a tremendous job. The district has forty schools, including special purpose school; 26,785 students, 1,147 certified employees and 572 classified employees. Superintendent Welcker Wel-cker and his wife, Darlcne are natives of Utah. They are the parents of five sons and one daughter. The Welckers are making their home in . Highland. Dr. Welcker's education includes a B.S. degree from University of Utah, M.A.T. degree from Colorado State University, Univer-sity, and a PH.D. in educational administration ad-ministration from the University of Utah. He began his career working for Tooele School District. His work experience ex-perience also encompasses en-compasses working for Dixie College, Brigham Young University and Univerisly of Utah. Active in community service, he has been a The Alpine School District Board of Education is announcing the vacancy of the board position held by Mr. Leland R. Priday of American Fork. Mr. Priday and ' his wife, Thelma, have been called to serve a mission for the I..D.S. Church. The Board appreciates ap-preciates the years of service that Mr. Priday has rendered the patrons and students of the Alpine School District. The Board of Education is hereby required, by law, to fill the vacancy left by Mr. Priday. To help the board in its responsibility to fill the vacancy, it is requesting written responses concerning con-cerning the board appointment ap-pointment from responsible members of the American Fork community and the voting precinct that Mr. Priday represents. Mr. Priday has requested that he not be involved in the appointment ap-pointment process. The board will honor his request. Those who would like to share their feelings concerning this appointment, ap-pointment, please address ad-dress your letters to the follownig: Mr. Daniel B. Fugal President; Alpine School District Board of Education; 50 North Center Street; American ; Fork, Utah 84003 Any responses given would be appreciated before February 17, 1981. growth due to dependence s0 that we do if the we have upon the critical monies that we receive from the state. We must also maintain an aggressive bonding program in order to keep up with the rapid growth. At the present time we are in need of starting construction for two junior high schools and four new elementary schools. If the formula for critical aid is changed or not qualify or patrons turn down a bond election, we will be forced to consider alternatives to building construction which would include extended day, double session, extended year proposals such as concept six and-or concept eight and trimesters." In discussing the curriculum he said the trusts at this time include a change from grade level supervision. "We are changing from a horizontal grade level approach to a vertical K-12 K-12 sequence without any holes or gaps," he stated. Superintendent Welcker Wel-cker praised the teaching staff of the district. "As a whole the teaching staff is very strong." Nearly four million veterans who have kept their GI life insurance policies in force will share in a record $619.7 million dividend during 1981. Each veteran's share will he paid automatically on the anniversary date of his or her policy. DR. MAXB. WELCKER Alpine District Superintendent member of the Junior Chamber of Commerce and the Chamber of C o m racrce, vice president of Tooele School Credit Union, and on the board of directors for the University of Utah Credit Union. i ) ' . - The superintendent loves to play the piano, read; and' participate in, outdoor and" '.recreation' sports. ' When asked to comment on the future of the district, he said, "The biggest challenge facing the district at this time is keeping up with the rapid growth wc are experiencing. ex-periencing. Our building program is hard pressed to keep pace with the 40 SO. STATE FtlCNS C:Lt, UTAH 225-1370 llfDiBIS DftlBA Subscribers (Deseret Mutual Benefit Association) Orem Pliai macy is a member provider and can take care of your prescription needs. We can refill ANY rcfillnblo prescription, regard less of where it was originally filled. Contact us for details. 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