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Show ey Unemployment ale ie a WOMEN AND BLACKS usiness News {Secscnally Adjusted) L Is Regulation a Threat To Basic Industries? availability of funds for build: the word's langest marine insurance company contends. ‘The industries threutened are energy, constriction and Sorte iene e764 JOBLESS RATE IMPROVED ia July for cording to the Labcr unemployment raie for woinen dropped to 7.9 percent and for lomkees s 12 percent. Total ion casployed in the musien jobi Plain Talk Replaces Jargon NEW YOK (UPi) —Simpie found the standard ute insurjanguage is replacing the ance policy more difficuit <a technical jargon that has made understand than Einstein's msurance policies and loan celebrated theory. agreements mystifying Pressiire frem consumer the graye has sparked a trend among some insurance compa‘ ace think2 policyholder is mies and at Jeast one bank te willed ie a policy he can issue easy-to-read policies and understand without ine aid of a joan agreements tesk ferce of Philadelphia Nationwide Mutual lawyers, a magnifying glass Insurance Co. of Columbus, and the Oxford English Dic- Ohio —the fifth largest auts iouary,” says Herbert 5. insurer in the nation —has Denenberg, former Pennsyl- issued a new policy fot the vania insurance commissioner. layman, strij most 8 Sal a scientific Jegatese and all fine pr ity schually seale af real First approved for use in y ach Truckers’ Cost Boosts Hit Consumers Also DETROIT (UPL) Wher the price of lemons goes up, or your favorite cereal costs more,just think of Csose huge trucks crisg-crossing tie nation.Their ‘operating costs jumped 40 per cent in four years. it may not stare you in the face as much as tie higher price you've been paying for gasoline for your car, but the cost increases for trucks are reflected in virtually every item the American consumer gest trucks liow cost 25 much as 187,750 operate over their typical fiveyear life. A new study by the Hertz ‘TruckDivision of the Hertz Co. reveais thai average iifetime operating costs for typicai fleet trucks, paced by a near-doubling of fuel prices and interest expenses, advanced some 40 per cent in the past four years,with a rise of almost 2% per cent for 1973 to 1974 alone. The jease-rental company’s survey recorded inflationary upswings in virtually every cost category for both small, local delivery units and large, over-the-road combination vehicles, aecording to Howard Goldman, Hertz executive vice president and truck Lavision general manager. For a typical 55-to 65-foot, fiveaale diesel tractor-trailer combination, rolling a normal 100,000 long-distance highway miles a year, five-yearaverage per-mile costs reached 37.5 cents last year. That's up from 30 centsin 1973 and 26.6 cents in 1970, the Hertz study showed. Pennsyivania in January, i975, the policy contains an index, earned in the first half of 1978 — Government regulatory four years to get. And the rigid before iheir 2unonth slump standards of tne Clean Air Act soon coult bar the continued use of some 200 million ions of coal now being burned yearly byelectric utilities Thomas &. Pame, president @ Mapoo Inc, a substaiaial cai producer, is quoted as saying mining- of deep coal in the western slaies is not economic at present. its BTU content is too iow and the that, nevertheless, the vast body of new regulatory laws and the compiex bure. set up to administer the jaws is having a seriously depressing effect on the overail economy The MOAC study lists the mst serious of these depressing impacts of regulation as: Equipment shortages that are seriously delaying’ the opening up of new ofisithore oii and gas fields and developing new coal mines, —Uncertainties ‘in the construction field. Howwill rising labor vosis affect building pictads How will governnent reguislion and govern ik expenditure affect the Provo Office Opened Figuresin the Hertz analysis were based on estimaies of costs to owners operatingfleets of 10 vehicles, each fleet running an equal number of Murdock Travel, Inc. will He added that modern units one to five years old, so that cost increases stemming openvfiiially ils Provo office communications make it at 1B. 300N., Tuesday at 10 possible to get written hotel from vehicle age and mileage i could be calculated separately am. Thomas F. Murdock, branch other countries immediat frominflationary or productexplained the firm decided to “Travel in the Middleas! improvement rises. Even assuming currentcosts open an office in the area in has been touch - and - go at stay static and excluding the order ts perform better service timesbecause of tie political itseustomers. ” hesaid. driver's salary, Hertz forThe said Murdock He said the agency is able to estimated the typical tractortruier Marting is service i ‘Travel has been in existence 18 work through rezident agents 1974 will require more than years and was otganized as the and ciher iniownal sowces a tense political $187,750 to operate over its aeee situation evolves. He added Linen A five-year, 500,000 Churgh officials’tra “ter Wa MSele ee ee mile use-tit For the Pat 18-foot short- church could handle the thiough consulate officials ta haul vaii Which rai fewer arrangements on an inhouse ensure that tourists are noi roiles but log much idling time, basis and David 0. McKay delayed because of unezpected the fiveyear 75,000-mile cost suggested my father open an political developments. agency, he said. will reach $39,773. He said the firm handles if to 16 tours a year with overseas tours limited to 3 persons. Mr, Murdock said the tour specializes in lecture tours to overseas areas and the groups are limited to enable the instructor to work with those on Provo's first jewelers organization .was organized Wednesday with Terrance A. Jarrett of Chez Marquise Fine Jewelry elected president. ae Daa Se Other officers elected are: JohnFelt, manager of Heam’s Diamonds, vice president and Mike Wardle of Mike Wardle Diamonds, secretary curtain, he said, pointing out it. the extensive paperwork Mr. Jarrett said all retail involved. “They jevelers are invited to join the hotelswe areto.use,” he said. orgattization which is dedicated to promoting and maintaining good business practices of For Murdock Travel transportation industry ‘The shortage of offshore Griiling rigs is listed in the Sully as one of the worst protioms. If 33 new rigs are built annually, oniy about 600 would be in operation by 1°35, whereas 800 are needed, the Study said. But the report says uncertainties ever how much the American public is willing to nay for ail and the ecological Sela cost ao high That is not aan however. But MOACsays the regulatoTy climate is the main reason the eoal industry Saying sc much trouble raising the $25 dillon in new capital it needs to Meet its production goals under the program to make the nation self-sufficient in energy 19%. The mining machinery industry ought to be stepping upits output several fold, the sundy Said. Dr. Dennis Hess Opens Provo Medical Office Dr, Dennis ©. Hess will be associated in the practice of general medicine and surgery with Dr. Samuei J, Hammond at 1850 So. Columbia Lane in Oremaiter August 4. $0 € sold ipbe United States in the first six months of the year The iass resulted in large Pari because cost incr exceeded priceinc US. cars and y more than $400 a unt The Ford Motor Co. complet January 1972," executives sard the twe Tax Cut Asked For Businesses WASHINGTON UPL) — The Fo: aStrationhas asked tax cuts ie starehui- wangiit from the move. ne inlerest income ‘catiad by savers shouid oe event from “And prannead “The proposals may seem to some to be ‘big business’ taining the laxtree ceiling on Proposais,’’ $1,500 to $2.000 a year. Treasury Secretary William Simon told the House Ways and Means Committee Thursday “Bui they are nat. He said the tax cuts are needed to stimulat mvsument, which ia would ease unemployment and inflation. Simon proposed reducing corporate and dividend income taxes in phases beginning with $2.5 billion in 1977. He said the acminisiration proposal was aimed at ending retirement income pians from The reductions would in crease investment and savings by individuais andcorporations by about '6 per cent over recent patterns, hesaid. “There to bea national Geite and willingness Wo take risks for rewards, and unless we take this position the States cannot maintain As place Jet alone improve its position, in world economy.” Simon said. Dr. Hess, a native of Idaho, received his undergraduate degree at BYUin. 1955, then served for almost three years public thateveryone eventually @ atheRiera: He returned to os ersity of Utah for his i train’ g. and punts 1964. After completing an H] questions weighingon your mind internship at T.D. Memerial about payments,rates, anything Hospital (now the David 0. For quick, courteous answers, call McKay Hospital) in Ogden, he istnday Wea wan't ack your name A prefitcbis Susiness ottalk shop unless you want us to. practiced a year in Orem and with volumes over $500,then inoved to Safford, Ariz. DR. DENNIS HESS Dial Finance 000 te buy. fe don't went you to tke us where he was practiced for only.All inquiries held in ie for cur money. nine years, confidence. Send details At the time of his return to married to the former Noreen to REM. Box 819, | a = 1262 N,State St. Orem he was chief of staff at bthis and they have Aspen. Colorado 81611. 9744374 Ld dren, three of whom the Mt. Graham ee willbeattending BYUthis fall. n ($18,000 Hospital in Sationt. He WANTED Jewelers Organize jewelers. Ensign Reaity Expands, Opens Orem Offices Double Diamond Ranch, Hart, Schaffner & Marx; Rainer; ey Town; Cricketeer; Mavest; Florsheim Shoes 20 to 33% surg.“ OFF Reg. $90 to #195 {some as low as $59.80) SPORT COATS OFF (as little as $29) an River Valley, will ‘eld at auction beginning at 1 fat the Double Diamond He Dubois, WY. No i gies tetas ae 20% down right for expansion of the firm Which has five sulesmen ready totake the .ea! estate licensing examination. Mr. Wilson,a Salt Leke City native, spent 11 years in the real estate business there before starting hisown business. He~said, ‘Ensign “wilt specialize ia commercial, Don't Miss these Super Vaiues on Famous Brand Menswear! Saturday, August 23, 1975 operating cattle ranch of approximately 13,105 acres situsied in Wyoming's Wind Mr. Wilson said the time was LAST WEEK OF SUMMER CLEA! Reg. *60t0°115 NOW 33 to 50% UCTION S$, The Ensign Realiy of Orem recently moved into newoffices at 930 N. State St, after being in the home of its founder, Me} Wilson,for two years, potential ig great ior commercial and industrial growthin Utsh County. Ensign Realty beiongs tu the Uah Coury Board of Reaitors drastic changes in the entire plausible, the MOACstudy says ilustrations and lis: of key definitions. Sentry insurance, based in Bacig Point Wis., has intro“Your Main Tain Car ee in sight states. The company plans to market the policy with its short sentences, large type, glossary and “policy-at-aglance page”in all 50 states. First National City Bank, the second largest in the nation, has out a simplified consumer loan agreement written in everyday English. new contract, alse availabie in Spanish, is onetnird thelengthof the old form last year end 87 per cent below the record $26 billion they practices appear to be forcing ¢ ice Appleton &C2 Corp MOAC says the expanding segulaiory climaie threatens onnfilets aver offshore drilling these industries both by impos- giscourage a rapid increase in ing complex burdens on them the building of rigs. it is the end by clouding the future regulatory timats that puts wonumic ouligok so that it 1s brakes onan all-out effort. Despite the ebvious need for Gifficult, or impossible in some circumstances, for the compa- @ great deal more coal, the mes to raise capital or develop siudy says the United States or obtain needed new equip- really is mining no more coai now than 2 years ago. rhe ment Conceding that often tae dbstacles to increasing output aims, ecological or economic, are largely regulatory. The Ru iehas affected of the reguiators are highiy 1676 eq : Nee ararige perntget Buildin arain exefffent “gee* B0i-cow U.S. forest permit ... exceilent hunting and fishing... abundant water... itn owner's opinion ranch will SLACKS nowso% ort Reg. *19% to $32 (some as low as 10.00) S SHOESjivar REDUCTION Selncted Stas tram 927%BEMand hho support 1,000 cowsyear-round, For iflustrated brochure, write avcaii: ¢ and the multiple uisting service, Mr. Wilson is Taree he former Rosemary Eh EMS: ai they are the varents of seven or Austin & Austin, Auctionesrs-Realtors 1203 ath Street, Gresley, Solnrado 80631 {203} 253-3588 or 353-0790 LAG 16 WEST CENTER - PROVO eae women ant ht Deparimeai. transportation. says & report west pxbushed by Marine 55 per cent from $746 equipment production, ment for strip mining may ing and martgage funds? NEW YORK (UPL) demand for ever more a tion of business is an underlying cause of capita! and equipment shortialis tat Yeates the future af basic fidusis es in ine United States costoutting S turnaround. nd ii |