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Show THE SALT LAKE TIMES FRIDAY, DECEMBER 11, 1970 Page Eight ITS YOUR BUSINESS O 1,-30- 0 fusing to obey union leadership. It is unlikely to be the last. There always is a limit of tolerance beyond which everyone gets mad. Mot strikes have a secondary impact even greater than on the immediate parties to the dispute. General Motors, for example, is 0 basically an assembler, with suppliers, most of them quite small. Most consumers think of the strike at that company as a dispute between GM and its employees. The component makers who supply GM are Shut down too because of a strike over which they have no control but yet affects their economic life blood. Actually the consumer is being hurt in one community after another across the land. The consumer, who comprises 100 per cent of our population, and the small businessman, who comprises 98 per cent of the American industry and employs 57 per cent of all labor, should be deeply concerned. 39,-00- non-governm- ent Unemployment Benefits, Taxes Will Increase During Year allows Ogden-Sa- lt Lake as possible points on all of the three passenger train routes proposed retween Chicago and the west coast. The preliminary report was issued pursuant to the Rail Passenger Service Act of 1970, of which Senator Moss was a cosponsor and which was passed by Congress this year. This proposal looks favorable indeed to the Ogden-Sa- lt Lake area, and I believe Utahs ::uture as a significant rail passenger center is very bright, he said. Emphasizing that the report shows Ogden-Sal- t Lake under consideration for all three passenger train routes from Chicago west, he said: Utah appears assured of a place in the coming new transcontinental rail passenger sys-eand our role could be by ar the most important in the Federal legislation enacted by the male claimants and only 2 Congress this year will require of the female claimants would be major changes in state unemploy- entitled to the proposed higher Senator Farnk E. Moss hailed he preliminary report of the Secretary of Transportation that Strikes Against Strikes Serve To Confuse Industry, Public Some unions are in trouble because bigger golden eggs are not what they are cracked up to be. Wage increase and fringe benefits are being offset by the inevitable upward cost of living. When golden eggs buy less groceries and bigger fringe benefits don't cover overall expenses something is wrong. A resolution censuring AFL-CIPresident Georgy Meany for his part in the Postal Service strike was overwhelmingly approved by 4,000 rank and file delegates . Labor troubles have been one major cause of Britains economic problems for many years. Last month the union workers struck against a strike to protest a work stoppage. Leyland, an auto manufacturing company in Coventry, England, laid off employees because a strike at a supplier of the companys automotive parts could not deliver the wheels and frames the company needed. The dramatic consequence, was a walkout of Leyland workers, not in protest of their employers action in laying off employees who had nothing with which to work, but as a strike against strikes which cost them their jobs! This is the first instance in Britain of the rank and file re- - Moss Hails Report On Rail Routing m, Intermountain Region. The purpose of this Act is to provide the nation with modern, efficient, inter-cit- y passenger service by rail. Hearings held refore the Transportation Subcommittee demonstrated that the United States needs such a system and that our citizens want and expect it. The preliminary report establishes these end points in the basic system west of Chicago-Chicag- o to Seattle; Chicago to San Francisco; Chicago to Los Chances are about one in 155 that your car will be stolen this year. The FBI estimates a 12 percent increase in stolen cars. Youre less likely to get it back, too. Recovery rate has dropped Angeles. Possibilities on the Chicago to from 92 per cent to 88 in the Seattle route are through Minpast two years. neapolis to St. Paul, or through Omaha and thence through some combination of Green River, Ogden and Boise. Possibilities on the central route to San Francisco include Omaha-OgdeKansas Lake-Ogdeor Kansas n, City-Den-ver-S- w. Possibilities on the Chicago to Los Angeles route include Omaha and Kansas City and thence Lake and through Ogden-Sa- lt Kansas Las Vegas, and City to and-o- r El Paso. Flagstaff Senator Moss explained that state transportation commissions and representatives of the railroads and railroad workers have 30 days to review this preliminary designation of the basic system and provide the Secretary with their comments and recommendations. After reviewing these, the Secretary will submit his final report designating the system, Sen. Moss said. Kennecotl Names Bingham Official Thomas R. Carlson has been Give Jim Beam. A rare gift for over 175 Decembers. 86 Proof Kentucky Straight Bourbon Whiskey Distilled and Bottled by the James B. Beam Distilling Co., Clermont, Beam, Kentucky appointed plant superintendent of the Kennecott Copper Corporation mine at Bingham Canyon, it was announced by K. H. Matheson Jr., mining manager, Utah Copper Division, who was formerly mine plant superintendent. Mr. Carlson, 42, is a native Minnesotan. He attended schools in Calumet and Coleraine, Minn., and was graduated in 1952 from Michigan College of Mining and Technology with a mining engineering degree. He served two years in the U. S. Marine Corps, 1946-4- leg-slatio- n, maximum benefit amount. The Foundation study reveals that Federal unemployment taxes were increased this year from $12 to $15 for each employee earning $3,000 or more. After 1972, the Federal unemployment tax will amount to $21, or $9 above present levels, for each employee earning $4,200 or more. In addition, small employers heretofore exempt will be required to pay this Federal tax beginning in 1972. The Federal unemployment tax has been used mainly to finance administration of the employment security program at the Federal and state levels. This Federal tax is in addition to the state unemployment tax used to pay unemployment benefits to claimants. Because of Utah's reserve fund and the operation of the state's unemployment law, there will be no immediate increase in state unemployment taxes to pay for the enlarged benefits. Over the long run, however, it is estimated that the recommended changes would cost the average Utah employer an added $10 per employee in state unemployment taxes for the suggested new program. This amount, of course, is in addition to the scheduled increases in Federal unemployment taxes. Since the new law extends unemployment benefit coverage to state institutions of higher education and hospitals' beginning in 1972, the report notes that there will be some added government costs involved in that aspect of the new program. alt n, City-Barsto- ment compensation programs, according to a study just completed by Utah Foundation, the private research organization. The Foundation report indicates that the new Federal law requires that (1) coverage be extended to state hospitals and colleges, small firms, nonprofit organizations, and other groups; (2) a new program be established which will provide extended unemployment benefits in periods of high unemployment; and (3) Federal unemployment taxes be increased. In addition to the changes required by the new Federal the Foundation reports hat the advisory council to the Utah Department of Employment Security has recommended some further changes in the Utah law. The principal change proposed by the advisory council is an increase in the maximum weekly renefit to unemployed workers from 50 percent to 65 percent of ;he statewide average wage of covered workers. In effect, the suggested change would raise the maximum unemployment benefit from $56 to $73 per week. Foundation analysts point out that while the recommended higher maximum benefit is not specifically required by the new Federal law, the President has warned that the Federal Government might act if the states fail to raise the maximum benefit within the next two years. The recommended change would raise the maximum benefit for higher paid workers who usually are heads of families. Studies by the Utah advisory council indicate that approximately 41 of 8. For a year after his grauation from Michigan Tech, Mr. Carlson remained as an instructor, joining Kennecott at Utah Copper as an engineering Division trainee in August, 1953. He held a succession of assignments at the Economy Begins a Slow Move Toward its Normal Growth The national economy began during the third quarter at a to move slowly back towards its 10 per cent anual rate, to about normal growth path in the third $75 billion. Slowing signs in quarter, according to the Fede- business fixed investment spendral Reserve Bank of San Fran- ing were evident as starts on cisco. Business activity remained industrial development projects beset by problems of unemploy- at midyear fell 15 percent below ment and inflation, but statistics the year ago peak. There were also unmistakable looked somewhat healthier than signs of a thaw in the credit earlier in the year. freeze during the third quarter. Total spending reached $985 billion during the third quarter. The money supply increased at Although most of the $14 billion a somewhat more rapid rate than increase in GNP was eaten up in the first half of die year and by inflation, real GNP rose at an increased volume of funds a 1 per cent rate during the flowed into banks and savings quarter. This increase in real in- type institutions. Total bank credit (loans plus come contrasted with the small increased at a 13 per of the each in securities) declines posted rate cent in the an two preceding quarters, after most of the gain ocadjustment for inventory fluctu- period, with curring in net acquisitions of seations. The $14 billion third quarter curities. Total loans, in contrast, increase occurred despite grow- rose at a 9 per cent rate, with loans increasing only ing weakness of military spend- business 2 a at investper cent rate. ing and business fixed ment. Defense spending dropped July-Septemb- Flaming Gorge Good Bingham Canyon mine, advanc- Fishing Utah Fish and Game officers ing in 1965 to mine plant engineer and in 1969 to mine opera- report good fishing at Flaming tions superintendent, the position Gorge. Most of the reservoir is he held prior to his new appoint- still free of ice and open to boat and shore fishing. Some of die ment. Mr. Carlson has taken business protected bays have ice on them and management courses at the but there is no ice ontothe rever-voi- r thick enough support University of Utah and Univermemfishermen. is a He sity of Pittsburgh. in ber of the American Institute of Several of the campgrounds for are area Petrothe campers, open Mining, Metallurgical and water available is but Toastmasters only at and leum Engineers International. He and his wife Lucerne Valley, the Antelope ramp and the highway rest Mary live at 1617 Wasatch Drive, boat room at Dutch John. Salt Lake City. |