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Show Sun Advocate, Price, Utah 14 Wednesday, July 11, 1979 Review Business leonard martin Cartoon starts this week by Beginning today the Sun Advocate will a weekly feature comic strip entitled Strong Defense on Profits Varmint. Yet, without hope to turn the "Varmint features Melvin, the crazy American business, in defense of profits, mountain lion; has gone on the offensive, most notably Rufus, the lonely and through efforts ot the Chamber of Commerce unloved rattlesnake; of the United States. In a recent analysis of Winston, the weight- U.S. corporate profits, pungently titled, The conscious wart hog; Inadequacy of Profits, Dr. Jack Carlson, the Vincent, the only Chambers chief economist, explains that vulture in the world corporate profits declined by almost 30 with a black belt in percent, comparing first quarter 1979 profits karate; and other with final quarter 1978 profits. animals including a bear, kangaroo rat, Actually, when measured by the most armadillo and coyote. meaningful yardstick profits per unit of have been corporate output profits Varmint" will declining for 15 years, Dr. Carlson points out. appear in the Sun Nor is there any sign of a reversal of the Advocate every week trend. for the next 40 weeks -- slumping productivity. "Profits from current production per unit of output have been so low as to discourage investment in modern machines and building, Dr. Carlson says. "This means our workers are handicapped by inadequate equipment, machinery and tools, with the result that productivity has slowed and inflation has worsened. takers. Creative Enterprise Hope of the Future Energy recession crunch, inflationary spiral, fears each new economic pressure brings with it new questions on the vitality and validity of our system of enterprise. Just how sound is the American economic system, and what is its future? There can be little doubt that our system has been traditionally successful, although not without serious problems and periodic re evaluation and adjustments. Today, our system is still basically sound, but signs do point to the need for a re - evaluation of free enterprise if it is to remain sound in the future. -- :3E2r f only from COMMUNITY TV OF UTAH, INC. o Business and government leaders would agree that the answers to pressures on our economy will not be found in alternative systems. The fact is that other economic systems do not provide the level of personal prosperity available in the U.S. To maintain our overall prosperity in the face of complex changes, however, it may be time to adjust our free enterprise system to one of creative enterprise. ooooooooooooooooooooooooooooo Wowld you em to oo liEt Mmey 1 & prises? I Keep Red Cross ready. "Providing that consumer acceptance meets expectations, the new dollar should generate significant savings, she said. The Treasury Department is already saving 60 percent of the cost of minting dollar coins when comparing production costs of the large strategy. As part of the new offense on profits, Dr. Carlson has challenged the White House or to prove, if they anyone else for that matter can, that profits are causing inflation. As yet, no community and to the public. Mrs. Hackel noted that the 500 million coins available for the initial release will provide sufficient coins to the public so that they are readily available. Production and distribution of the coin will continue after release at a rate needed to meet the demand. creative enterprise is a that sets growth philosophy management goals, recognizes a companys strength weakness pattern, and formulates strategy to reach those goals. Inherent in that philosophy is a willingness to use traditional business tools, but only when they are useful in changing conditions. The role of creativity in creative enterprise lies in our response to change. Every new opportunity or problem must be met with a response that is innovative, and yet, consistent with overall To the businessman, adequate profits, we cannot tide against either inflation or Creative enterprise although not recognized as such, has already been expressed in some government circles. Leaders who call for a comprehensive energy plan, a strategic approach to stabilizing the import export ratio and our currency abroad, and other measures, are actually advocating creative an objective, the enterprise. They identify need tor a program to meet the objective, and understand that the program must be flexible enough to respond to changes without being substantially changed itself. One of the oldest laws in business is that youve got to take risks. Creative enterprise can minimize those risks. Every time a new product or service is introduced, risk is involved. Every time a new product is and introduced through a thorough plan, that risk is reduced. When that plan provides for changing conditions, product improvement, and precise management, risk well-conceiv- is minimal. Adapting to the demands of a new system is never easy, and creative enterprise is particularly demanding of its practitioners. It requires more thought and professional discipline than conventional business routine to be successful. But its rewards for business and the American system will prove well worth the extra effort in a more prosperous future for us all. Susan B. Anthony Coin Saves Taxpayers Money Five hundred million of the new Anthony dollars will be available for release on July 2, said Director of the Mint Stella B. Hackel. The new dollar will be distributed by the 37 Federal Reserve Banks to commercial banks, who in turn will distribut them to the business Eisenhower dollar to the Anthony dollar. As the coin displaces the need for the dollar note, the Federal Reserve System could achieve dollar savings as high as $50 million a year through reduction of printing, processing and destruction costs for dollar bills. Many of the Federal Reserve Banks are planning media events to coincide with the introduction of the new coin. In addition a June White House ceremony began a series of events planned to celebrate the release of the new coin throughout the nation. A few of those already scheduled include a July 2 ceremony in Rochester, New York, where Susan B. Anthony resided for over 50 years ; a Susan B. Anthony Day rally in New York City on July 3; a July 3 ceremony at the Verrazano Narras Bridge (crossing the New York Harbor between Brooklyn and Staten Island) which has converted the dollar toll gates to accept the Anthony dollar; and a July 6 ceremony in Adams, Massachesetts, the birthplace of Susan B. Anthony. Events are also being planned in Seneca Falls, New York, which was the site of the first womens rights convention held on July 19 and 20, 1848. by Robert Knorr Varmint i JENSEN 637-036- 0 771 East Main Price, Utah Remington TRUCK AND RV RADIALS O O o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o Are you at least 10 years of age? If you answered ''YES'1 to all of the above questions, and would like to be an independent Contractor-Carrie- r, call the eg on (KiawS(2G 637-073- 2 Monday-Frida- y, 9 a.m.-- 4 p.m., for an appfication form oo OOOOOOOOOOOOOOOOOOOOOOOOOOOOO qbvQhj&gei rEC i BankAmericaro |