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Show 2 Vernal Express Wednesday, September 7, 1983 mm By Jack Wallis 1 Road work Backhoes have been gobbling up Vernal City roads by the block. Between Bet-ween sewer and water lines going along 1st North and 5th West streets, it is hard to get through the west part of town. Also on 1st South from the Vernal Junior High School east, the road is being torn up for a new surface. Also along Vernal Avenue to the north, Vernal City and Mountain Bell have been feverishly digging up State Highway 44 for waterline crossings and repairs before the state applies a new surface to this road from Main Street to Ashley Creek. The 1st North roadwork is one of the accesses to Uintah High School and the 1st South street is the access to Vernal Ver-nal Junior High. The obvious question is why were these roads torn up just before school started? Why didn't this project get going just after school let out in the spring so it would be all ready for the congestion when school started in the fall? The answer to this question is probably pro-bably the same one as to why are the main highways torn up just when the tourist season starts. We are glad to see the city improve its roads. This new method of restoring restor-ing roads really makes a mess for awhile, but in the long run we think it will be worth it. Last week a lady called us and asked ask-ed if we couldn't do something about what the city was doing to her sidewalk and water line. When they, the city, restored the road in front of her home, this lady said they broke the sidewalk and also left a water leak. Now she says she can't sleep at night for the noise the leaking water main makes. We are sure the city road people have lost some sleep over that little lady's water leak just as she has, and now she has added us to her list of ways to get her leak stopped. What next! Along 8th West the city has been plagued with an irrigation ditch crossing cross-ing under the road and was always getting get-ting clogged. To solve this problem a concrete dip was poured to carry the water across the surface of the new road. When the new road surface was added to the edges of the dip it made a big dip out of a little dip and now any vehicle going over the dip more than 5 mph gets a whiplash. It sure slows the traffic for what could have been a drag strip for hot-rodders. Vernal City just increased its 1983 mill levy from 1 .80 to 6.31 mills, which will be used for road improvements. But we have one suggestion for building new roads. Don't tear up all the roads at once. And once the new roads are finished, make a moratorium concerning digging into the new roads for utility crossings and fix those leaky water pipes before they are covered with a new road surface. We congratulate Vernal City for its road improvement project. We just hope they can hang in there until all those unexpected problems are solved. One more thing, we sure hope these 1st South and 1st North road projects get finished before winter sets in. If jt gets too cold for road surfacing and we have to go through the winter with muddy roads, Murphy's Law will have really proved itself to Vernal City. Leaving Vernal City road problems and going to Naples City roads, we offer of-fer a few words of encouragement to the upcoming bond election in Naples city. Naples has had its roads shot to pieces by water and sewer projects, but its main problem has been finding the money to pay for road work. The opportunity has presented itself to get some interest-free money and some low interest funding for a $1 million bond proposition that could be paid off with present revenues without adding a tax burden to Naples residents, according ac-cording to Mayor Lawrence Kay. The Naples road bond money would be used to resurface about 12 miles of the top priority areas, says Mayor Kay. This will help tie-in with county and Vernal city roads. Every little bit counts. Gradually we hope to have a road system in Ashley Valley that we can be proud of. Let's all do all we can to support future road work. A The S&0Ttby Senator Orrin Hatch Would higher taxes mean lower deficits? You can't spend more than you earn for too long without endangering your long-term economic health. That's not new to the Utah families who sit around their kitchen table every so often to review their checkbook balance and their financial health. To those who deal with the federal government's checkbook, however, it is a very recent discovery. Congressmen from both parties have been greatly distressed in recent months as they consider how far out of balance the federal checkbook is. Deficits from almost every year since 1940 have now amassed into a national debt well over a trillion dollars; this year's deficit is expected to reach almost $210 billion. Suddenly all of Washington is concerned. And rightly so. The more the government govern-ment borrows, the less there is for people peo-ple who want a car or a home loan. Then, as the law of supply and demand dictates, the less lendable money there is, the grater the demand for it, and the greater the demand, the more it costs to borrow it. Interest rates, in other words, shoot through the ceiling, and the whole economy suffers. Everyone, Republican and Democrat, agrees that that's bad, and everyone agrees that deficits should be cut. The problem lies in deciding how do to it. There are two choices, both of which are familiar to Utah families who've faced a negative checkbook balance: either we can spend less or we can earn more. Vernal Express (USPS 6580-8000) Spending cuts have been pushed by 1 ' the President and many conservatives Published every Wednesday and Friday for j CnS' If. They've $ 14.00 per year in area and $20.00 per year f" they Ve out of area by the Vernal Express Publishing fought and naU by many congres- Company, 54 North Vernal Avenue, Vernal S10nal llberls' wh n0W y that no Utah 84078. Second class postage paid at Ver- re spending cuts are possible. In- nal Utah 84078 stead, they say, taxes should be raised. POSTMASTER: Send address changes to VER- If new taxes would guarantee NAL EXPRESS, P.O. Box 1010, Vernal, Utah smaller deficits, I could be talked in- 84078. to supporting them, But judging from Jock R. Wallis Editor and Publisher history, they wouldn't reduce the Steven R. Wallis News Editor deficits They never have Economist Steven V. Chris.ensen . . . .Asst. News Editor Milton FYiedman says high taxes have Aldon Rachele Sports Editor "ever M lUOMl debt or Ruth Ann Brinkerhoff ..... .Women's New, lower the deficit. Whenever Con- Joyce Williams Advertising &ess has raised taxes,it has also rais- Phone 789-3511 ed spending. Whatever Congress gets, , ' , it spends. Member of Utah Press Association and , . .., . , National Newspaper Association r0"ghUt ? ' "fi high inflation helped double federal Area correspondents: tax revenues. Did balanced budgets Jensen Vera Snow 789-0628 result? No In fact) aimost j, years Wonila Clara Robinson, 784-3463 defict -m fae ate m0s was t,jgger than NaPles Ada Openshaw, v-3 1 45 that of the year before. The same thing lrM Lorno McKee 247-2350 happend this spring, when cutting the LPoinf Paul Huber' 247-2425 deficit-or talking about it-was very M?eser Elo,se Allen Parker 789"2 1 78 fashionable in Washington. The House Bollord Trocv philll$' 722-4925 of Representatives passed a budget Whilerocks . . .Virginia Ferguson, 353-4584 that called for $12 billion in new 1984 Glin" Nocr",' Dmon 789" 1 302 taxes. The budget also included bet- Ouray, leota, Rondlett...Sheiki Bloxham, 545-2327 ween $15 flnd $24 billion in new 1984 . Deadlines spending programs. . Wednesday Edition President Reagan, in response, News Monday 5:00 p.m. ma(je an important point. "I've got a Advertising Tuesday 11:00 a.m. news flasn he said Tne federaj Friday Edition government did not run up a trillion News Thursday 10:00 a.m. dollar debt because it failed to tax Advertising Thursday 2:00 p.m. enough. We're saddled with a trillion dollar debt because the government COMPUTERIZED O-T-C STOCKS ATTRACT INVESTORS As a result of the computerized NASDAQ (National Association of Securities Dealers Automated Quote System), both small investors and institutions in-stitutions have found it easier to buy and sell securities even those of companies com-panies with thinly traded (small capitalized) securities. Today, some 20,000 stocks trade annually an-nually over-the-counter (O-T-C) compared com-pared with approximately 2,200 on the NYSE and 950 on the ASE. During the last five years, trading volume has mushroomed, not only on the listed exchanges, ex-changes, but even more dramatically on the O-T-C market. Through the NASDAQ system, 3,700 brokers and dealers trade about 3,400 different stocks daily via telephone or teletype after viewing the bid and asked ask-ed prices on their computer terminals. Unlike the listed (NYSE, ASE, etc.) exchanges where only one specialist (a floor representative from a brokerage house) makes and maintains a market in a given company's stock, an actively active-ly traded company often has an average of seven brokerage or underwriting under-writing firms which stand ready to buy and sell that company's shares. With the advent of the NASDAQ system in February of 1971 and, most recently, the National Market System (constituting about 200 stocks of the largest and most active companies) in June of 1982, investors are now supplied sup-plied with the vital numbers (volume, annual high-low prices, high-low intra-day intra-day prices, last and net changed) which the listed exchanges always provided. In the opinion of the Staff of Bab-son's Bab-son's Reports, there are, even at this advanced level of the market, many over-the-counter stocks whose prices simply do not reflect their bright future prospects. Many of these companies com-panies would easily meet the listing requirements re-quirements of the NYSE or ASE, but their managements prefer to have their shares traded over-the-counter because of the strong supportive broker-dealer network and the vastly improved investor exposure that are now available in the O-T-C market. INSTITUTIONS INCREASE ACTIVITY Banks, insurance companies, pen sion funds of major corporations, universities, etc. have commanded a larger presence in the O-T-C market' in recent years because of the often undiscovered un-discovered values in older, well-established well-established issues as well as the constant cons-tant offerings of new companies coming com-ing to market for the first time. Novice investors should, however, be aware that the larger presence of the institutions (who buy and sell in millions of dollars) can have a tremendous tremen-dous impact on trading. Consequently, Consequent-ly, the greater volatility, swift price changes and the often rapid response to activity in the similar industry groups on the listed exchanges are factors fac-tors which the smaller investor should be aware of. Nevertheless, the institutions and brokerage houses have been instrumental in-strumental in requiring the companies to provide more detailed information available. Thus, the small investor now has better access to professional investment research in many cases. RECOMMENDATIONS Since August of 1982, the O-T-C market index has advanced to even greater heights than the New York Stock and American Stock Exhanges. Currently, the stocks in this market have sustained, in tandem with the major exchanges, a general pull-back in prices opening up further opportunities oppor-tunities for attractive long-term purchases. The Research Department of Bab-son's Bab-son's Reports is presently advising the purchase of six well-situated O-T-C stocks. These include Addison-Wesley Publishing (textbooks) near 26, CPT Corp. (word-processing systems) near 17, Citizens Utilities, Class B common (utility operating firm) near 25, Com-servCorp. Com-servCorp. (manufacturing computer software) near 10, Millipore Corp. (membrane filters and filter systems) near 31, and Valley National Corp. (bank holding company operating in Rocky Mountains and Southwest) near 21. If you have a News Item call the Vernal Express 789-3511 spent too much." According to surveys I took during an August swing across southern and central Utah, most Utahns agree. Asked Ask-ed whether the deficit should be cut through less spending or more taxes, less spending was preferred by 97 percent. WHAT TO DO WITH THAT BIG FAT II CUT THE END OUT . BUY YOUR SELF LIKE YOU WOULD CT$F A WEANEp. PICr " V DO A JACKDLANTERM. f'l (w If AND STICK HIM lM rfcA-0 THFJXU I I vahfn TUP Ptfr EAT5 HIS WAY THROUGH THE I THF VOICE OF BUSINESS Our foil do Dicers cotf work By Richard L. Lesher, President, Chamber of Commerce of the United States In 1964, Ronald Reagan addressed the nation on national television and observed: "A government agency is the nearest thing to eternal life we'll ever see on this earth." Twenty years later, Ronald Reagan, now President Reagan, is being reminded of this truth. For while tens of thousands of species have become extinct throughout history, the number of federal agencies that have gone the way of the dodo bird is small. Such agencies have developed a ferocious instinct for survival and command the t. resources needed in any fight: dollars, ,. lots of them. Their own money? No. ., Where do they find this money? In our pockets, every April 15. The Legal Services Corporation is a case in point. It began modestly as a program to provde legal aid to lower income Americans. Fair enough, except ex-cept that this task was already being performed by public defenders at the state and local level. However, over time, the emphasis shifted to politic-cal politic-cal advocacy lawsuits aimed at increasing in-creasing welfare payments and the like. The ensuing scandals in the Legal Services Corporation which spent $324 million in 1981 became so embarrassing em-barrassing that the Reagan administration ad-ministration made it clear they wanted to close the doors of the LSC. This did not sit well with the Legal Services Corporation who feared an PUBLIC FORUM LETTERS TO THE EDITOR What is your opinion? The Express welcomes letters from its readers concerning any subject pertinent to the Uintah Basin. While there are no restrictions as to contents or reasonable length, letters must be submitted exclusively to the Express and bear the writer's full name, signature, phone number and address. Names must be printed on political letters but may be withheld for good reasons if requested on others. All letters are subject to condensation Cholesterol debate Dear Editor: Recently in your publication you printed an article entitled "Cholesterol: Does Your Diet Contain Too Much?" which linked high cholesterol with heart disease. It stated further: "To cut down on your cholesterol, replace red meats, like beef, with lean meats like fish, chicken..." We object. It has been more than thirty-five years since the first study attempting to link dietary fats, cholesterol and heart disease. No cause-and-effect proof of this has ever been documented. The issue remains today one of the most strenuously debated in health science. Dr. Thomas N. James, in his final address as president of the American Heart Association warned, "If something remains hypothetical and controversial over so long a time and despite extensive research, surely it is time we take a different look at the subject." Milton L. Scott, Ph.D., Professor Emetrius of Nutrition, Cornell University: Univer-sity: "Every controlled experiment conducted in an attempt to verify this hypothesis (which now has been repeated so often as to become a fact in the minds of almost everyone) only on-ly demonstrates that the hypothesis is wrong.. .If the millions spent trying to prove the cholesterol bug-a-boo had end to our government's welfare program pro-gram for left-wing lawyers. Despite laws and regulations against blatant politicking by government employees they began to organize. How do we know about these "secret" political meetings? Well, our friendly bureaucrats were kind enough to videotape these sessions. (Even Richard Nixon only provided sound recordings of his peccadillos!) Recently discovered transcripts of one policital meeting display a shocking shock-ing contempt for the political process, taxpayers in general and the laws forbidding for-bidding such taxpayer-financed campaigning. One session held in Denver, Colo., in January 1981 laid out the "stragegy for survival." What was foremost on the minds of the Legal Services laywers and recipients of federal grant money who attended? Concern for the poor? No. Alan Houseman, director of the Corporation's Research Institute, explained ex-plained that "What's at stake is first, the survival of the committed, aggressive, ag-gressive, political staff." And to defend de-fend this "political" staff from those nasty taxpayers, Houseman bragged that "we also have more resources to devote to this effort than we've ever had in the past." What resources? Our tax dollars, of course. Houseman goes on to announce that "Our challenge, in general, obviously is to manipulate the political situation to our advantage." How many of us are aware that we shell out hundreds of millions of dollars each year to bureaucrats who turn around and use it to "manipulate the political situation." situa-tion." I may be naive, but I always believed that in a democracy the people peo-ple were supposed to decide the political direction of the nation, not the unelected bureaucrats using our tax dollars. As the meeting progressed, it became clear that the political clout of the Legal Services Corporation has been used before. Speakers boasted of their role in defeating Proposition 9, a California initiative to cut income taxes. It was defeated in part because bureaucrats paid for by our tax dollars were "released from his or her other obligations to work exclusively on Proposition Pro-position 9 for three months." They also bragged that they hired "full-time coordinators" for the pro-tax lobbying effort. Plans were also drawn at this secret political meeting to use tax dollars to campaign for a California redistricting plan that favored left-wing left-wing congressional candidates. Despite the efforts of the Reagan administration, ad-ministration, the policital campaign run by these bureaucrats has so intimidated in-timidated some members of Congress that taxpayer funding for the LSC continues. con-tinues. The LSC will cost us $241 million in 1983. (You may wish to ask your representative or senator how he voted on this bill.) Ronald Reagan summed up the situation in his autobiography, "Where's the Rest of Me?" when he wrote, "Bureaucracy does not take kindly to being 'assailed and isn't above using a few low blows and a knee in the groin when it fights back." Two hundred, forty-one million dollars is a lot of money to spend for this abuse from our "civil" servants. Cholesterol content of cooked 3-oz. portions of certain foods IS 125 O rr in r- w lil l o I V U. o CO 2 rr o SOURCES BEEF LAMB VEAL and SHRIMP Choteslotol Content of Foods Journal ot the American Dietetic Association Vol 61 No 2 PORK USDA Pont Nutrient Composition Studv 1983 CHICKEN (BROILERS & FRYERSl Agr. HOOK No 8-5 USDA Washington DC 100 75 50 25 DARK MEAT LIGHT MEAT DARK MEAT raj LIGHT MEAT Era BEEF PORK .LAMB VEAL ROAST CHICKEN ROAST CHICKEN BOILED (SKIN OFF) (SKIN ON) SHRIMP been spent on studies of the enzymes responsible for elevated blood cholesterol and causes of the intimal lesions, etc., we might already have saved many, many lives that have been lost to heart disease." Basil Rifkind, M.D. National Heart, Lung and Blood Institute: "To date, no study has actually shown that lowering lower-ing cholesterol is of benefit in preventing preven-ting heart attack." Philip L. White, Ph.D. American Medical Association: "It is hoped that the pressure for qualitative dietary change will ease somewhat until more data are available to justify such recommendations." And from the American Cancer Society's study of the health and lifestyles life-styles of more than a million Americans, the largest of its kind ever conducted: "A preliminary study of dietary factors snowed no higher rates of coronary heart disease and stroke in people who ate a high fat diet than in those who did not." The accompanying graph taken from the Journal of the American Dietetic Association, Vol. 61, No. 2, shows clearly the relationship of beef to other meats in miligrams of cholesterol. In the face of so much conflicting testimony from so many specialists, it is comforting to know that the individual in-dividual remains in control of certain factors upon which the experts do. universally agree. Obesity is univer-' sally recognized as a high risk factor. So is stress and lack of exercise. Sound nutrition comes from a wide variety of foods including dairy products, pro-ducts, meat, fish, poultry, legumes, vegetables, fruits and grain products. Each food offers its own unique pattern pat-tern of essential nutrients. Robert M. Kark, M.D. Presbyterian-St. Presbyterian-St. Lukes Hospital, Chicago: "Is it prudent pru-dent to change our present diet without hard evidence at a time when our life expectancy has reached 73 years and the incidence of myocardial infarction is rapidly declining?" As officers of the Uintah Cattlemen's Cat-tlemen's board, we agree with that and object to our industry' being clobbered clob-bered by pure supposition. Sincerely,' CODY JENKINS, Pres. DOROTHY C. LUCK MERIL SNOW Uintah Cattlemen's Association. f, i |