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Show Array of European artifacts supplement studies of dif ferent countries at Hillcrest Elementary School. Students also enjoyed Smorgasbord with their parents. From left are Earnie Herminez, Nicole Green, Mrs. Goodrich and Mrs. Hansen, room mothers; and Lynea Krukiewicz. Teacher is Mrs. V. Nelson. Dr. Strong Eyring Research Ncmcs How I Iced Dr. Ronald G. Hansen, President of Eyring Research Institute, In-stitute, Inc. of Provo, today announced announ-ced the appointment of Dr. A. Brent Strong to the newly created position, Vice President, Marketing and Product Development. President Hansen said, "Our new vice president will be primarily engaged in formulating coporate marketing strategies, policies, and " supervision of marketing services. -'He will also'difedt'the marketing of .the. .existing Eyring software packages, including: PDOS (Power Disk Operating Systems), STAT 1000 Statistical Analysis Programs and our Tank Monitoring systems. The CAS Automated Loan Collection System will also be transferred to the new Marketing Group on a phased-in basis. Not only will Dr. Strong be involved in marketing of our commercial software products,, but he will actively serve in an advisory ad-visory capacity in marketing defense defen-se products, such as Eyring's unique antenna, and other government and industrial systems. With Eyring's excellence in high technology, growth will be over 40 percent this year with many products emerging from the computer and communications com-munications groups. Marketing will be a key function. Prior to joining Eyring, Dr. Strong served as President and Chief Executive Officer of RIS Irrigation Systems of San Diego, the world's leader in manufacturing of extruded and injection-molded drip irrigation products. He also worked in marketing and product development develop-ment for RIS and, previously, with E.I. Dupont of Wilmington, Delaware. According to Hansen, Dr. Strong brings to Eyring a unique expertise in national and international management research and ; development, advertising, and , marketing. He is fluent in the Spanish language and formulated, leasing agreements in South . American and established sales of; fices in Central America for RIS. He directed all Western Hemisphere operations for RIS with complete profitloss responsibility. He effectively effec-tively coordinated activities with sister companies throughout Europe, the Middle East, and Australasia. Cal-Utah Women , Plan Benefit The California Utah Women, . Utah Chapter, will again sponsor a ' benefit luncheon which will be held May 12 at Hotel Utah. President of the organization, Carol Larson, announces an-nounces the event which is a biannual bi-annual project to raise money for scholarships for refugees in Utah. The theme "Color Me Spring" will be carried out in decorations as well as entertainment. The designer, Mr. Richard Blackwell, famous for his annual list of Worst-Dressed Women, will again be featured. Mr. Blackwell is returning to Utah after a successful showing of his fashion creations a year ago. Anyone interested in serving as an area hostess or who would like to sponsor a table may please phone Neon Jones, 2954053, Bountiful orl Carol Larson, 226-3770, Provo. Lakeridge Ledger The citizens of the Week are Caryn Christensen, Elana Pratt, Steve Schill, and Steven Clegg. We're glad they're the Citizens of the Week and hope they keep up the good work. On Jan. 13 we had a Friday the 13th dance. We hope everyone had a real good time. Our next dance is Valentine's Dance. We hope everyone every-one will attend. We hope everyone has a very Happy Valentine's Day. News Reporter Melanie Madsen J f II BYU Professor Appointed To New Position Dr. C. Gam Coombs, associate professor of secondary education and foundations, has been appointed chairman of the Department of Secondary Education at Brigham Young Universiy, replacing Dr. Wallace Allred. His three-year term will begin Aug. 31. 1984. "I am very excited to meet the challenge and opportunity of being department chairman," said Coombs. One of his responsibilities will be to help faculty members prepare secondary education teachers, an important im-portant task in light of the recent emphasis em-phasis on teacher excellence, Coombs said. "My philosophy has been to prepare teachers who love the Lord, love themselves, love their students, love the subject and love to teach it," he said. Coombs has served as undergraduate coordinator in the department for the past five years. In addition, he teaches a class in U.S. History at Provo High School. He has written several books on education, including "Living in Urban American," "Career Education and the Environment," and "Career Education in the Academic Classroom." Active in community affairs, Coombs is president of the Utah Council Coun-cil for the Social Studies and chairman chair-man of the Springville Public Library. He is married to the former Carolyn Christensen and is the father of two children. L : .,, , i i " iin--, i" - -----7-3 i"i..itii(inwnwwmii)iKi(iti open an miAm i-ir Every year millions of taxpayers throw their money away by not taking advantage of a tax break both encouraged and endorsed by Congress. If you're not opening or contributing to an IRA plan this year, you too could be throwing away up to $2,000 in tax deductions. If you're married, the total you and your spouse can deposit into two separate accounts is even more, whether your spouse works or not. - Whatever you put into your IRA, up to April 15, you simply deduct the full amount from your 1983 gross income. A feature you won't find when you look at other investments. The amount you can save on your taxes depends on your tax bracket (e.g. if you are in the 30 tax bracket, you can save up to $600 on your taxes with a deposit of $2,000). But that's not all! The money you earn ine'reases without being taxed. So you not only save on your taxes now, you build a retirement fund for later. Your investment grows faster than other investments because it grows tax:free, until you're ready to take it out. SG m ADO Docuclo OJJE Approximately 30 of all bonds issued by state and local units in : Utah since 1977 have been to provide low-cost mortgages for single-, family and multi-family housing , units. According to a study by Utah Foundation, the private research organization, the Utah Housing Finance Agency (UHFA) has issued nearly $725 million in tax-exempt revenue bonds for this purpose during the period. The Utah Housing Finance Agency was created in 1975 to provide mortgage money for low or moderate income families who were being priced out of the home-buying market by high interest rates. Over the past seven years, the agency has provided funds for nearly 11,000 single-family mortgages and has funded the construction of 1,757 rental ren-tal units. . Foundation analysts point out that some controversy has emerged during recent years regarding the use of tax-exempt financing to provide benefits for a limited segment of the population. For the most part, this controversy has revolved around two main issues : 1. Is such a subsidy needed for these activites to be carried out successfully? suc-cessfully? 2. Is the tax-exempted bonding method the appropriate means for providing such federal and state support? - Supporters of the Utah Housing Finance Agency, however, claim the following benefits of the program : 1. Because of the federal tax exemption, interest rates offered I si inters 117) v J Firsi Interstate Bank of 6 Orem-Geneva Times- Dgg under the program typically will be less than conventional rates. This enables more low and moderate income in-come Utahns to own their own home. 2. These mortgage funds provide an added infusion of new capital into Utah's depressed housing industry. 3. Except for special situations, the agency receives no support or direct subsidy from the state. 4. Without the UHFA programs, a significant portion of housing construction con-struction in Utah during recent years probably would not have occurred. oc-curred. 5. The semi-autonomous nature of the UHFA enables it to react rapidly to changes in the market place. Opponents, on the other hand, cite the following objections to the Utah Housing Finance Agency and its activities: 1. The agency is performing a service that should be provided by the private sector and not by government. gover-nment. 2. The use of tax-exempt financing finan-cing results in a substantial loss of tax revenue to the federal and state government. This tax loss must be borne by other taxpayers. 3. There is nothing in the federal and state constitutions that guarantee guaran-tee everyone a right to own a home. 4. In many cases, the funds raised from UHFA bond sales would have entered the mortgage market through other taxable methods. 5. Since there is only a limited amount of funds available to support tax-exempt bond sales, the use of the market for mortgage subsidies puts f i I m I i EaSe Bairn. And an IRA from First Interstate Bank has distinct advantages: No minimum deposit required to open or add to an account. No minimum balance required to maintain an account. .. No maintenance fee to maintain an account. Excellent IRA payroll deduction plan. Stop throwing your money away. Talk to one of our IRA specialists at any office of First Interstate Bank: ( 'Substantial penalty for early withdrawal. Bank Utah, N.A. Member of the First Interstate system with assets ol - Wednesday, February 8, 1984 anocl Don Gl a strain on its use for other more traditional purposes-sewers, water . systems, public building, etc. , 6. The semi-autonomous nature of the agency makes it vulnerable to abuses. The Foundation study notes that for the most part, the Utah Housing Finance Agency receives no regular appropriation from the state. The agency generally obtains all of its revenues from the sale of tax-exempt tax-exempt bonds, from fees charged to participating mortgage lenders, and from interest earnings received from investments. On two occasions, however, the agency did receive appropriations from the state Legislature. In 1977, the state appropriated $500,000 to the UHFA for start-up costs and for capital reserve requirements. These funds were later repaid. In 1981, the state appropriated $8,000,000 to the UHFA to assist in the inssuance of up to $200 million in tax-exempt bonds. Approximately $4,870,000 of this appropriation was used to reduce the interest rate on the mortgages sold in order to conform con-form to the limits set in the enabling legislation. The remaining balance of $3,129,000 lapsed back to the general fund on December 31, 1983. Advertising Pays In 7ho OGT OMiralbank of the 19H4 Olympics more than $43 billion. Member FDIC. |