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Show .inrials Order Department of Utah University 81112 City. VOLUME 17. NUMBER 23? SALT LAKE CITY, UTAH Pension Reform is Close to Passage Utah Supreme Court Decisions held corporation and that of employees of a publicly held corporation. The Association strongly supports provisions in the pending bill for more equitable treatment of persons. While not fully meeting the above objectives, these provisions would increase the annual deductible contribution limit from 10 to 15 up to a maximum of $7,500, rather than $2,500, for the The House Ways and Means Committee, under pressure to get a pension reform bill enacted in December, decided: to permit employees not covered by pension plans to save up to $1 .500 per year for their retirement; to increase the contribution limit for a person to 7,500 annualand to limit ly; corporate pensions to $75,000 per year, except for those now in line to receive more. Action on pension reform is complicated because of a jurisdictional issue between the House Lalor and the House Wrays and Means committees. The Senate has passed a pension reform bill, which contains provisions affecting corporate pension plans (including professional corporations), as well as plans established by hasn't been completely locked-in,- " Items deferred to the February meeting from the annual meeting in August include: a proposal from the Study Group on Journalists' Shield taws for legislation to protect newsmen from being forced to reveal their sources; a proposal from' the taw Student Division favoring revision of statutes allegedly discriminating against single persons; and a proposal from the Section of Corporation, Banking and Business taw urging Congress and the states to review statutes on consumer class-actiosuits. The proposal has been under study by a special com-- , mittee. In addition, two items were recommended to the House by the Board of Governors at its October meeting in Chicago. One is a proposal to create a section of law practice efficiency and lt n no-fau- lt No-Fau- No-Fau- no-fau- lt lt lt economics. The second is a recommendation from the Special Committee on the Coordination of Judicial Improvements calling on the ABA to support enactment of legislation reducing to six the number of jurors for civil trials in federal courts. Action may be taken on a number of special reports, dealing with: The proposed final draft of the five-gam- . Standards Relating to Court Organization, drawn up by the Commission on Standards of Judicial Administration. The creation of a task force on the courts and the public. from the A recommendation Section of Public Contract taw on attorney liens. Proposals are expected from the Special Committee on Environmental taw, the Section of Real Property. Probate and Trust taw, the Standing Committee on National Conference Groups and the Section of General Practice. Also likely to bring issues before the House are the Section of tabor Rela the Denver game last Wednesday established a new club single-gam- e shooting percentage record, hitting on 12 of 13 casts from the field. Boone on the year is hitting at a .501 dip from the field and .879 from charity lane. . : . ' The team as a whole over the last 10 games has been hitting at a 51.1 per cent clip from the field and 81.8 from the foul line while outscoring the e combined opposition, 114.1 to 108.9. The Stars remain in first place in the hot western division race, but lead surprising San Antonio by only one game entering this week's action. Indiana is in third place two games back while Denver has fallen to fourth games behind the Stars. San Diego won three straight on the road last week and even though resting in fifth place is only games off the pace. points-per-gam- two-and-a-ha- lf four-and-a-ha- lf lt auto accident regardless of whether you were to blame or not. If you own and drive an auto, bus in Utah, whether private, public passenger or commercial vehicle, you must have the insurance required by this law. To obtain your Utah license plates or-tru- and the required Bafety inspections, you must certify that you have nofault insurance. Motorcycles are excluded. The new Utah law provides that anyone who presents or uses an insurance identification card as evidence of insurance when, in fact, there is no insurance in force, is subject to conviction of a misdemeanor and, in addition, to a fine and imprisonment and shall have his operators or chauffeur's license revoked. If you and vehicle registration don't have an automobile . in- surance policy, you must buy one. If you already have insurance, your in- surance company will automatically change your i nsurance to meet the efrequirements of the new law fective January 1, 1974. The taw does not provide insurance for damage to your own car. If you want such protection you must purchase comprehensive and collision insurance which pays for damage to your car. You are still able to collect fron' motorists who are at fault and do damage to your car after January 1, 1974, as property damage does not change under the new law. No-Fau- class-actio- n in four accuracy. The Stars' sensational guard line of Ron Boone and Jimmy Jones is as good as any in the league. Boone in lt reason. inPuerto Rico enacted a surance law in 1970. lt insurance is most comdefined as an insurance monly collect from your can coverage you own insurance company for your own injuries regardless of who was at fault in the accident. In Utah, the insurance that becomes mandatory January 1 is bodily injury insurance only. The Auto Insurance Law passed by the Utah legislature in 1973 deals only with bodily injury and not 'automobile damage. Under the new Insurance taw your insurance company pays you, up to the policy limits, for your injury loss resulting from an no-fau- tions taw, the Commission on Correctional Facilities and Services,' the Standing Committee on Ethics and Professional Responsibility, the Section of Insurance, Negligence and taw, the Standing Compensation Committee on Military taw, the Section of Public Utility taw and the National Conference of Commissioners on Uniform State taws. convenes. Utah Stars 2. See details pate 3. 330-memb- . 112-10- no-fau- many topics already slated indicate that a wide range of issues will confront the body when it - Hampton, Actually, even with the New York loss Sunday included, the Stars areone of the hottest clubs in the ABA at present, having won eight of their last ten starts. The Nets have been on a real tear lately, winning 17 of 20. During the Stars' streak the last 10 games, the club has been getting super performances from practically the entire roster. Willie Wise has been doing it all. He leads the team in scoring with a 22.3 average which ranks him among the top five in the ABA, he's pulling down 7.5 rebounds to rank second on the team and he's averaging just a shade under four assists per outing. Willie, has raised his shooting percentage on the season to .486 and he's hitting at a career high of .790 from the foul line. During the Denver, Carolina and Virginia games last week Wise hit 33 of 50 from the field, 66 per cent lt ance law. Beginning January 1, 1974. every Utah automobile owner must have auto insurance and be able to prove it if stopped by police for any 30-Fe- b. joint letter to presidents of state bar associations signed by Martin Worthy, of Washington, D.C.. chairman of the Section of Taxation, and Bruce Griswold, of Cleveland, chairman of the Committee on Retirement Benefits legislation, summarized the position of the Association as follows:' No new limitations should be imposed on contributions or benefits under qualified plans; such limitations are unnecessary in view of other safeparticularly the nondisguards crimination rules already contained in the qualified plan provisions. If there are any limitations, the Association believes that they should apply uniformly, without regard to the form of business organization or percentage of a participant's ownership interest in the business involved. In particular, the Association feels that no distinction should be made between treatment of employees of a closely- - 0; no-fau- Although the full agenda of the House of Delegates for the midyear 5, meeting in Houston, Jan. individuals. AHA views were submitted to the Ways and Means Committee earlier this year. President Chesterfield Smith, in a 132-13- Utah is the 19th state in the nation to adopt a automobile insur- Midyear Meeting: January 30 To February 5 d 2; No-Fau- No-fau- 296-pag- e 123-11- Utah 19th State to Have Auto Insurance Law -- self-employ- The Utah Stars, with three victories starts last week, including two big road wins, continue their excursion on foreign courts with games at Indiana lust night and Kentucky this week before returning home for at Saturday night clash with Kentucky, the first invasion of the year to Salt bake City, for the Colonels. The Saturday home engagement is one of three holiday home games the others scheduled on Wednesday, Dec. 26, against the San Diego Conquistadors, and on Friday, Dec. 28, vs. the powerful New York Nets. e The Nets snapped a Utah New in streak York, winning Sunday but the week still was a most successful one for the Stars who defeated Denver at home on Wednesday, Carolina in a rare tripleovertime battle Friday in Greensboro, and Virginia Saturday in THURSDAY.' DECEMBER 20. 1973 lt i-oq NEW YORK ARAB KING CONTROLS WORLD TRADE FUTURE A consensus of international M.F. Caution's currency in- Saudi Arabia clearly holds telligence is that King Faisal of h the economic future of Europe, Japan and the United States in his hands. Also, that because he has made diplomacy 4 sheiks other Arab and Arab kings, presidents, religious holy war, behind him. leaders are solidly These Arab areas contain the biggest proven oil reserves in the world about 60 per cent, of which Faisals throne sits on the largest. The ruler of the Arab nation has made it clear he will not soften the oil boycott unless all Arab diplomatic demands are unconditionally met. That includes full recognition of Yassier Arafat who heads the Palestinian guerrilla groups acting for the Palestine government-in-exilThus the economic fate of Western Europe, Japan and the United States are in the hands of Arab King Faisal. And, it is worldwide economic being said, he is enjoying his sudden-foun- d power. oil-ric- ail e. Western Europe and Japan have an oil inventory of about 60 days consumption. The United States inventory totals slightly more than 90 days. This means the real economic pinch will start in January; Even if Arab King Faisal removed his hand from the oil spigot it would take a month to load and ship to Europe. It would take about 45 days for a loaded oil tanker to reach the United States and Japan from the Persian Gulf. The international currency trade winds say these inventories, coupled with conserve-oi- l rules and use, permit a breathing space in which it might be possible to change the Arab mind. In the meantime, indications point to a slower, colder, dimmer economic near-terfuture for Western Europe, Japan and the United States. . m Trustworthy currency intelligence from Beirut is that Arab even before the could war. said latest Arab-Israe- li it shooting They always be used in chemicals even after a world nuclear power revolution. Their thinking is that the industrialized worlds need for Arab ofl in 10 years time will be more than twice the present volume, despite increased nuclear power. oil nations were thinking of limiting production The Arabs have more than oil for use as a diplomatic blackjack.. It is natural phosphate a key ingredient for fertilizer. Morocco, worlds top producer, recently worked the price up to $43 a ton from a $14 level. Customers To Check Employees For Identification A recent incident in which an unidentified person who claimed to be an employee of Mountain Fuel Supply Company entered a mobile home in Provo and obtained information about when the owner was not likely to be at home prompted the natural gas utility to caution homeowners, and owners of mobile homes in particular, to ask for identification from any person who represents himself to be a Mountain Fuel employee or agent. The man who posed as an employee of,' the utility told the mobile home owner that Mountain Fuel was preparing to ration gas to mobile home users" and that he needed to enter the home to check on the appliances." He also asked when the homeowner would not be at home so that she would not be charged for gas at that time." Mountain Fuel Supply has no plans to ration natural gas, and no such survey is being conducted by the Company," said C. F. Coleman, vice president, distribution, for Mountain Fuel. "We can only assume that any individuals falsely representing themselves as utility company employees are doing so with fraudulent purposes ' in mind. Our employees carry proper identification and will be happy to produce it whenever asked," he continued. Should any person have a question about the identity of a Mountain Fuel employee, or about the identity of someone representing himself to be our employee or agent, we suggest a call be made to our nearest office to obtain verification. We are anxious to provide whatever assistance we can to prevent fraudulent activity by unscrupulous persons posing as our representatives." |