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Show Wednesday, June S3, 19BS Sun Advocate Economists at odds in Tough times demand right decisions By JOHN CUNNIFF AP Business Analyst These are NEW YORK (AP) - tough times for economic forecasters, which is to say the times demand decisions. Will the economy bounce, or will it just i While many economists arent in the forecasting business, those most often in the public eye are, and their reputations could be ruined by a bad call. True, the public has a short memory, but corporate managers have long drag itself along as it has been doing? Or even fall again? Billions of dollars conceivably have could be at stake. If, for instance, the economist foresees an improvement, he might tip his companys decision in favor of plant expansion. He can tip it the ones; they arent inclined to forget other way too. faulty advice. And, you might surmise, if he Based on the facts, Murray makes the wrong decision he could tip himself right out of a job. The Weidenbaum, chairman of the heats on, presenting forecaster's presidents council of economic with the toughest job of all, which advisers, reaches one conclusion, Edward Yardeni, economist for is to call a turn in the economy. Businesses been but consumer spending E.F. Hutton, the securities firm, reaches another. Business has been reducing inventories at an extremely rapid rate, says Weidenbaum, who understandably takes a positive approach. Meanwhile, consumer Two days later Yardeni began his weekly Economics Alert with the opinion The economy is falling off a cliff again." No, he said, the economy is not coming out of recession. Its going deeper into it. Using much the same data, along with favorite indicators of his own, Yardeni expressed the inventories, reducing the worst of the opinion that is on a slight increase. recession still lies ahead. Generally speaking, no number of internal factors can compromise spending in real terms has in- reputations more than incorrectly creased slightly. calling major turns in the In a statement to the Joint economy. Economic Committee of Congress, Right now the challenge keeps the Reagan aide expressed his many economists awake nights, opinion that the July tax cut will counting sheep and various expand consumer saving and numbers that spill out of their spending. computers. Decisions, decisions. GAO findings Form new service to aid businesses A mother and daughter have teamed up to form a new professional service to aid Carbon County small businesses. They call their establishment the Carbon County Professionals Exchange, located just behind Dadios Drive-I- n on U.S. 6, where they provide telephone answering service and secretarial work. Donna Carlson, mother of partner Kathy Hopper, said they have the capacity to handle small business secretarial work that doesnt e office worker. require a The Professional Exchange also has the capacity for 60 incoming telephone lines. Since the opening of the doors to the small but busy office, Mrs. Hopper said they have received a lot of favorable response from businesses all over the county. The Exchange handles typing business forms, letters, manuscripts, statistical data, genealogical material and 24-ho- ur full-tim- pre-print- ed resumes. Mrs. Carlson said they also have the Kathy Hopper, left, and her mother Donna Carlson, owners and operators of the Carbon County Professional's Exchange, provide capacity to page doctors or any businessman that needs instant notification of an important swering service for local businesses. They also do secretarial and clerical work. Accounting Office investigation of federal coal mine inspections. GAO The investigation, requested in September by U.S. Rep. Nick Rahall II, found that the Mine Safety and Health Administration was not inspecting coal mines in accordance with federal laws. I was most interested, Church said in a letter to MSHA Secretary Ford B. Ford, that the GAO concluded that MSHA has not performed all coal mine inspections required by the Coal Mine Safety and Health Act of 1977. This is precisely what the United Mine Workers of America has been maintaining for quite some time and which OAK RIDGE, 1189 Appalachian-base- Castle Rock Square, Price 637-652- 0 SidemlEt Sole Specials Assorted Hats Friday Straws, Caps and Visors and Saturday International The union leader observed that coal mine fatality rates do not currently seem to be increasing. But Church noted, That may be the situation not so much because of MSHAs efforts but because of increasing numbers of laid-of- f miners in a faltering economy. Safety officials and I testified before Congress. Church declared in his letter CSB names Holland to bank board - SALT LAKE CITY Jeffrey R. Holland has been elected to the board of directors of Commercial Security Ban-corporati- on and Commercial Security Bank. In addition to his responsibilities as president of Brigham Young University, Holland serves on the governing boards of the Deseret News Publishing Co., the LDS Hospital and Intermountain Health Care Inc., and the Polynesian Cultural Center in Laie, Hawaii. Holland, 41, is also a director of the American Association of Presidents of Independent Colleges and Universities. In 1973, he obtained a Ph.D. in American Studies from Yale University. Prior to becoming the ninth president of BYU in 1980, Holland served as Commissioner of Education for the worldwide LDS educational program for over four years. One year before his appointment as BYU president, he was awarded the universitys Distinguished Alumni Service Award. Raised in St. George, he and his wife, Patricia, reside in Provo with their three children. Tatton earns top insurance award Women's group balks at proposed labor law & WESTERN WEAR to Ford that the cold, hard numbers, as confirmed by the GAO, show that coal mines have not been inspected in accordance with the law and that the problem is especially acute in Logan, W. Va. UMWA representatives and I have tried diligently to work closely with MSHA officials and you to keep MSHA the viable protector of coal miners which it was mandated by Congress to be. We want to continue a spirit of positive interaction with MSHA, but we will take appropriate action if coal mine fatality rates increase, Church said. phone call. telephone an 24-ho- - upset UMW leader United President Sam Church Jr. has said he was upset but not surprised at the recent findings of a Government WASHINGTON Mine Workers UMWA Mom, daughter keep telephones busy the marketplace... Tenn. - An womens d advocacy group says proposed regulations issued by the U.S. Department of Labor in April pose a threat to the welfare of American womanhood. The proposed regulations would significantly undermine the hardfought rights to equal access to job opportunities which American women have fought for and won over the past 20 years, said Betty Jean Hall, director of the Oak Ridge, Tenn., Coal Employment Project (CEP). it corCEP is a for which advocates poration the rights of women to become coal miners. Under current regulations, non-prof- most construction contractors which do business with the federal government are strive for a goal of percent women in each trade category. Under the proposed regulations, federal contractors would be permitted to lump all job categories on the construction site together in order to achieve the 6.9 percent female goal. In addition, the contractors would be presumed to have made a good faith effort if 6.9 percent of its helper positions were filled by females. required to 6.9 The Department of Labor projects that the proposed regulations will be implemented during the summer of 1982. meeting at Lake Tahoe last week. The award is presented each year to an independent insurance agent in Utah by the The Independent Insurance Agents of Utah has honored Richard P. Tatton of Tatton Insurance Agency with its 1982 Agent of the Year award. Tatton received the award during Insurance Marketing Association of Utah. the groups annual Kaiser cuts its Fontana workforce - Kaiser FONTANA, Calif. Steel Corp. has announced the reduction of the salaried workforce at the Fontana Works here by approximately 75 positions. The reductions took place in announced the reductions in crew sizes and work practices that resulted in the elimination of approximately 400 hourly employees at Fontana last said W. Raymond month, Worman, vice president of operations. each operating and staff department at the mill and involved the restructuring of some departments. The Fontana Works currently has a salaried workforce of ap- Our continuing losses from steelmaking operations and the depressed steel market due to economic conditions have forced us to streamline proximately 650 people. These reductions are being made for the same reasons we the workforce at the Fontana Works, he said. Forest Service picks new forester - OGDEN J. S. Stan Tixier has been named regional forester for the Intermountain Region of the Forest Service. Forest Service Chief R. Max Peterson said Tixier will succeed Jeff M. Sirmon who was named regional forester for the Pacific Northwest Region late last year. Tixier had been deputy regional forester in the Eastern the administration of 31 million acres of national forests in Utah, Nevada, southern Idaho and western Wyoming, as well as state and private cooperative programs in the region. Tixier has held a variety of leadership positions at all levels of the Forest Service, Peterson said. This experience gives him a strong background to Region since 1976. He will now be responsible for growing challenges of the termountain Region. manage fWI ra P DISTINCTIVE , the diverse and Keepsake Rrftvrrrd Diamond Rinp GIFS - a- Pulsar Seiko Diamond Rings and Pendants Ear Piercing Service Engraving China and Crystal K A m m fcai III m M at- A In- 637-217- 46 6 East Main, Price |