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Show It A TTi Sait Lake frihune, Friday, March 16, 1179 House OKs Raise in National Debt The Lnrkhom Firms Told to Stall Hikes In Price to Cot Inflation By Eileen Alt Powell Associated Tress Writer American businesWASHINGTON ses are being asked to postpone some to price increases for three months avoid a surge in the nations inflation rate, the Council on Wage and Price Stability said Thursday. Under the voluntary wage-pricguidelines adopted last October, businesses were asked to limit price increases to half a percentage point below their average 1976-7price increases Half of the allowed price increases were to be made in the six months ending March 31, and half in the six months ending Sept. 30. Two Increments Under the revised council guidelines, the companies will be asked to take increases in two their second increments' half in the three-montperiod beginning April 1 and the remainder m the three months beginning July 1. The action followed dramatic increases in the inflation rate. It now appears that many companies may be planning to raise their prices by the full allowable amount at the beginning of the second period," said a statement by Alfred E. Kahn, chairman of the wage-pric- e council. "This could lead to a serious surge of prices in April and May. Guideline Change OK'd To try to avoid that surge, the statement said, the council has received permission from President Carter to change its guidelines. I have discussed this problem with the president, and he has ordered the Council on Wage and Price Stability to amend the price standard to avoid this outcome, by stipulating that increases not exceed three-fourth- s of the allowable annual increase during the first nine months of the program, unless that is the companys normal seasonal practice. Critics of the wage-pric- e program have argued the inflation increases this e 7 h h year reflect (he fact that many businesses take their allowable price increases in October and November to get the benefit of higher price levels in the first six months ot the program Inflation Worsens The guidelines are aimed at bolding price increases to 5.75 percent. Despite which also attempt to limit the curbs wage increases to 7 percent this year inflation has been worsening The Consumer Price Index rose 0 9 percent in January, for an 11.4 percent annual rate. The inflation rate last year was 9 percent. The Wholesale Price Index rose 1 0 percent last month, after a January rise of 1 3 percent. The increases could be reflected later in higher prices to consumers. Kahn concluded: It is. ..not in keeping with the spirit of the program for firms to speed up the timing of their price increases. This would be not only inflationary but also inequitable in relation to the treatment of wages, since the standards do not contemplate acceleration in the timing of wage increases. to $40 billion It also would increase from $32 billion can feclvial government lhe bonds the longterm 4 5 percent statutory issue for interest over the ceiling on interest. could increase the Thp Treasury Department also 8 to 7 percent, i( from bonds on William E Clavton United Press International Torn between a desire to WASHINGTON balance the budget and the need to pay the bills, the House approved by a narrow margin Thursday a move to raise the national debt to $830 billion. a move House members first turned down, to open the debate to the fuller question of balancing 5 the budget, then gave the debt limit increase a vote approval, sending it to the Senate. The bill would increase the national debt limit for the next six months from $798 billion to $830 billion. By interest rate savings the president concurs. The debate over the debt limit was a classic clash of budget balancers versus deficit spenders. The scenario: somebody proposes tr increase the debt limit and says the government has to pay its bills. The House listens to denunciations of big Then it spenders and turns down the limit increase. takes the issue up again and finally passes the increase by a narrow margin. The House first turned down the increase Feb 28 Members brought the matter up hv a vote of again Thursday Conservatives tripd to get permission to debate an amendment that would have lifted the limit now, hut he required that two years hence no increase could accepted without a resolution for a balanced budget After that move lost, the House heard more talk of balanced budgets and fiscal responsibility then approved the increase. "The American people are looking for leadership to ensure a balanced budget," said Rep. James Jones, D Okla The greater issue is the fiscal responsibility of , this government," Rep A1 Ullman, 201-19- 212-19- 16 A 50UP CITIZEN R?OM THE NECK UP." YE5, LEffOY Iranian Claims Shall Paid Off 28 Solons 222-19- New York Daily News WASHINGTON -- FBI agents want U S. to question an Iranian-bor- an opponent of the Shahs regime since then. He is believed to have left the country for Tehran. Afshar does not enjoy diplomatic immunity because he is a naturalized U.S. citizen and has not worked for the embassy, but he did serve for a time as sn unofficial adviser to Shadriar Rouhani, the current chief spokesman at the embassy. In an interview with the New York News before his departure, Afshar claimed that millions of dollars had been dispensed by the n citizen, once a business associate and friend of the Shah's twin sister, Princess Ashraf, who claims to have seen an Iranian Embassy payoff list naming 20 U.S. representatives and eight senators as having received substantial gifts and cash. Nasser Afshar had a falling out with the princess and other members of the Shahs family about 10 years ago and has been active as embassy during the time Ardeshir Zahedi, friend and confidant of the Shah, was ambassador. By various routes, the money and gifts ended up in the hands of the legislators and, he contended, at least two top White House aides. Afshar said that the list of payments from Iranian hank accounts in Tehran, Geneva, Switzerland, and Washington would show that seven of the congressmen who allegedly received payments were given thousands" of dollars. imrjaaaimfsg?narggBeni FOUR SEAS RESEACRAAT Statistics Bad Treasury Secretary W, Michael Blumenthal had indicated earlier in the day that Carter might take further inflation-fightin- g steps. He told the Washington Press Club "its clear that the statistics on inflation are bad, and worse than expected for fuel and food. He said the increases do r.ot mean the program has presidents failed. He said the program, announced in October, is still too new to have an effect on the current rate of inflation. He also said he thinks the recent rapid increases in food and fuel prices will moderate in coming months, and he said he still thinks a recession will be avoided this year and in 1980. Both Blumenthal and Van Dorn Ooms, a White House economist, said the administration has not changed its official forecast of an inflation rate of 7.4 percent this year down from 9.2 percent in 1978. FACTORY DIRECT-T0-Y0- SAVINGS OF U 20 TO Open Dally for Lunch and Dinner 1034 off all Chinese carry-o- ut orders 40 Serves 2: Beef Tomato Cantonese Chow Mein Ham Fried Rice Sweet and Sour Pork Tenderloin Soup, Tea or Coffee and Fortune Cookie ki f anti-inflati- 12 cz. Broiled Choice U.S. New York Steak Soud or Tomato Juice, Boll. Butter. Salad, Potatoes and I on Cream Special Merchants Lunch 11:30 a m. - 4:00 p.m. We Can Also Serve People For Luncheons, Meetings, Banquets and Parties 10-3- FOR RESERVATIONS AND INFORMATION Chinese and American Dining at its Best Open Monday through Thursday 1 1 :30 a.m. until 1 1 s00 p.m. Friday and Saturday 11:30 a.m. until 12:00 midnight Sunday 11 :30 a.m. until 1 1 :00 p.m. CALL CORNER Will Real BiU Hartley Please 2 00 From 33rd SOUTH and 7th EASTFHGNE 437-338- 2 262-696- 2 1140 East 3900 South, Salt Lake City 3GJC 30E 33E 3QE UNIVERSITY MALL IN OREM Ibisc 30G Stand Up? Drug Agents Ask WASHINGTON (UPI) Narcotics agents hit a most unlikely address last CIA headquarters, where they week collared a trainee and jailed horn for a week in what is now called a case of mistaken identity. CIA spokesmen conlimed that trainee the Bill Hartley CIAs Bill Hartley was released a few days ago with apologies all around, and that the Drug Enforcement Agency is the back looking for Bill Hartley communicator" DEAs Bill Hartley on marijuana smuggling charges. "Mistaken Identity" All we can say is pretty much what the courts have determined, that it is a case of mistaken identity, A CIA man said. The tale of the Bill Hartleys, as first reported in Thursdays Washington Post, began last week when DEA men arrived at the Cias super-secrLanglley, Va., headquarters with a warrant for the arrest of a man by that name. The agency handed him over. It could not prove its Hartley, recently moved form Texas to Virginia for training as a communicator," was not the man described in the warrant. Week in Jail He then spent a week in the Fairfax, Va., county jail while the CIA and the DEA checked him out. Spokesmen confirmed that an Alexandria, Va., court ruled early this week CIA that a mistake had been made employee William R. Hartley, 30, e with the apparently has a same name who is a key figure in a huge west Texas marijuana smuggling ring. In their own defense, DEA officials explained that four witnesses had identified pictures of the CIAs Hartley as the person who was observed last fall in the Carlsbad, Texas, area with know drug traffickers. Looking for Pilot They got onto the wrong Hartley in the first place because they were looking for a man who is a pilot. A search of Federal Aviation agency records for a pilot named Hartley turned up the CIA trainee, formerly a student pilot in Texas. The agency rescued him by showing proof that, on the days he was accused of being with drug smugglers in Texas, he was in fact at a CIA training facility in Warrenton, Va. CAUVY --SALE. CfiCMl et . Due for Memorial The Philippines (AP) Philippine government has decided to preserve the wreckage of a plane that crashed 22 years ago, killing President Ramon Magasay. Olga K. Panopio, an official in the Cebu City tourism office, said the wreckage was found on Mount Man-- ' unggal and was largely intact. Last year a marker honoring the immensely popular president was placed on the mountain, 350 miles southeast of Manila. Panopio said the wreckage will be incoporated into the shrine. Magasay and 27 others, including some reporters, were killed when the plane crashed March 17, 1957, while Magasay was running for MANILA, (" TccnSlE pop PtacPS BoSTotO SPECiAlTABaS) - I Hot TAA4AL4E51 BA YZO 8 CANS 5NApS 1 Su6AR PAD RAZZE.LS 4 CrUEfZS pzx - R- 5or--. cmo$ PAPER PLATES 05 ICOtknuAr look-alik- Plane Crash Site -- tKPSfZ C.OPS L XTlOO CCmJ: 1w, 1 Mbtlr r I-..... . ir I U ka Colgate YE&ETABCE GARDEN 3 PLATE RATTAN PAtC OF -- HOCDE12S ($& 'TC00 L f 4- - I a 5TOKA6E sgu pco P OPG) MOkl- Pellets cuTSeu w L M IT I "T&oOlS ' fc Q v G0 AMT! t lES OtJ ComC KITES ggi fe J7? I TtW S , 43 NO. CENTER ff SQUARE jut wiit o -- O5 PWCC5 GOT'O WlApctf A-- - I S -- 1 to - I t stats - Po - "SATUPOAT V FfcoD LALOtO - ' 2S--fo-4- FF4. 5SoO 9-H- 7 UiODAYS MIDVALE, UTAh PHONE 255-42- 4 STeerr at to bouth- - 30G |
