European Stars And Stripes (Newspaper) - June 5, 1962, Darmstadt, Hesse                                The stars and stripes Page 5 in resisting pay demands ten up building Vej resident 7coiiistiucuon in 1 for Fiove Siment help 5 Union demands Why sch a said in me cases seek  raising a y As Muc lir As " is cents1 11 As Troice Orby William a i Tive director of the As eneral con tractors of a Fyk a Fol want is moral support their fiey.mean1" h la her construction Cost that in turn will cause  y a r % Dunn said he spoke Jor More than 000. Member firms boils association responsible for about "80 Peeve end of All contract construction in the nation. He said exorbitant demands by local unions j ii l u vae l of � " most West in states Are threatening to is a r Wist or. Kennedy s economic guidelines All out of shape there was no immediate White House comment but Secretary of labor Arthur j. Goldberg issued a statement which said the administration s policy in seeking responsible wage Settle ments and in promoting Price stability is an across the Board policy applicable throughout the Economy to All industries and unions including the construction Industry and unions.".s/wfc3 a " 1 prof it Siree be of j Vick j it " of / " inf Cap themed the much Sis profit squeeze is a myth by accounting procedures i corporation s a c t jul Al 1 be Cash than they need for s eight  in the  Bijj a a ,Bach Oalif. Ubi ient&l"-vhk3e designed _ to 1 three it above on a Cushion Blair has. Is believed to be the. A Load Ever raised by a Craft of this  Aeron tronic which developed the Craft pm r Gross weight if  Hen it Rosei from the u in a Teui ered test last. A i .1-v crafts designed to ride on  produced by 14 a cts Sevry h to e cd d e d t that the oldies would now cause too much filble so Alajos Janos Palma Lola me.  Kennedy and his of Lya became Violet Ken ,. R Amis organizations monthly american Oderat most a i o n economists of air Jelis a up pred by Corpora a is  11lite an accurate measure of economic health. Chief aim  article is to refute claims Thal additional Federal lax concessions Are needed to help into usury modernize its production facilities. Y \ \ key indicator of a company s financier strength or weakness is its Leash f Low How much Money remains with the corporation each year after paying All its costs and taxes the study said. Jit added that Cash flow is made up of re ported profits after taxes plus depreciation allowances which Are figured As a Cost of doing business but Are write offs from earlier in vestments and therefore Are spend Able Cash. The Union economist figured that while profits after taxes dropped from 5 per. Cent of total National production in,1953 to 45 per cent in 196j, this was Imore than offset by a Rise in Cash flow from 8.2 per cent to 9-2 per cent in the same period. 1he article predicted the Dis Parit Between reported profits and actual funds on hand will grow this year under expected new Treasury regulations shortening the Normal life of Plant and equipment. For depreciation Pur poses. I according to the department of Commerce sources cited in the study Cash flow exceeded the total of corporate capital expenditures aside from Banks and insurance companies in recent year the study said that in 1359, after dividends retained Cash flow was $2.9 billion More in an capital expenditures in 1960 h was $500 million less than capital expenditures Butin 3361 was $1.7 billion More than capital outlays. Thus the economists claimed the Cash flow exceeded capital in vestments by $41 billion in a three year period of slow economic growth or recession and can be expected to soar As sales and pro duct Ion rise., conclusion the article said the facts indicate no evidence at air of a general squeeze on american corporations. They re veal instead a generally Prosper Ous condition so prosperous As to make one wonder Why business leaders try to perpetuate the myth of a squeeze the president has spoken and Speaks with one voice to All ele ments in the Economy about 250,000 workers or about one Quarter of his association firms estimated 1 million employees Are now idled by strikes Dunn said. He said construction is by far the nation s largest single Industry doing a 578 billion annual business. Dunn complained that the administration has failed to step into the construction situation beyond a Broad general expression of hop that everybody will take to heart the Kennedy wage Price restraints. Some bad settlements bad for the   Well As. For the con tractors have been r e a c h e d in some cases Dunn  just As bad May be inshore unless the administration realizes the building trades unions Are twisting its guidelines All out of shape and gives the construction Industry some definite sup port in its opposition to inflation Ary wage set Tlemcen  to \ Goto a. A i a r 1-& f t a re. A or --1 vow i a a Tot of hot air a hot air valve which stuck on the butane Burner being examined by Lee Becker 21, left and Tracy Barnes 23, caused the two University of Minnesota students to go on an unexpected Jaunt at Nashville Tenn the two were in the balloon Gondola when it took off and soared to 11,500 feet before they got the valve fixed. Associated press photo Adlai Calls open society world s path to peace Boston up Adlai e. Stev Enson . Ambassador to the United nations declared that the Road to peace in this fearful generation is the Road to an open  spoke at commence ment exercises of Boston univer sity at which he and archbishop Makarios president of Cyprus Rtchard Cardinal gushing roman Catholic archbishop of Boston civil War historian Bruce Catton nigerian educator Kenneth on Wuka Dike and Abram Berkowitz Boston philanthropist received honorary  some Point along the Way he told the graduates it will be necessary for each and All of us russians americans europeans not Only to disarm our Nam if of dreadful weapons but to list pm our minds of dreadful fears to Apen our frontiers our schools red our Homes to the clean winds of fact and of free and  dialogues and to have done Voth those exclusive fanatical Dogma which Cun make whole Peoples live in terror of imaginary foes appealing for a worldwide open society Stevenson said we should let the Ordinary Citi Zens of every country of the thousands and tens of thousands travel abroad for business or pleas ure and see that there Are Good hosts to receive them and to help them learn and to learn from  Navy studies. /. Floating fati for missiles Washington up the . Navy which recently established its first space satellite command is considering a plan for an Astro Nautica ship that could carry outset launch hangs of the world s larg est rockets including America s 20-Story-High Saturn. The Bureau of ships journal said that such n ship displacing about 10,000 tons and accompanied when necessary by a floating Dryda Csc would meet Many if not All of the requirements for mobility in space operations. What has never been done an what needs to be done in the Navy s astronautics program it said is the design and construction of an integrated astronautics ship combining a capability of Al astronautics operations in a single seagoing tactically useful  the article was first prepared fora tactical engineering journal by it cmdr Burton i. Edelson of the Bureau s command support Branch. Curtiss recommended he said a seaplane tender such As the 508-foot-Long Curtiss which d is places 8,671 tons Light and 13,475tons fully loaded would be ideally suited for an astronautics  the Curtissr already modified for observation and research use by the atomic Energy commission sin Mothballs at san Diego Calif. Its full complement is 1,195 men Edelsa said the astronautics ship could launch from her. Deck ail of the present solid fuelled rockets including the minuteman intercontinental ballistic  liquid fuelled vehicles such As the Saturn described by the National aeronautics and space administration As the worlds largest known rocket he recommended floating dry docks. A floating dry Dick can provide an excellent launch pad. Reasonably Mobile and Large enough to accommodate the very biggest boosters even including Saturn he said the ship anchored in the Vicin Ity would provide needed support in terms of hotel accommodations special Power shops. Laboratories Range safety and  leave town cantankerous ,. Menomonie residents swatted. Sprayed a it -. Ost of or then just Lay Backai Ted for an a Niy. I canker Worms to j. Finish Din Fiig Green in sight Back in the  invaded the City two Kogol they defoliated Rainy he of Winter like bareness and chased off squirrels and of a entomologist told Jii e to n g it f the City Council that nothing could be done about  his lot and killed Mil Lions of the Worms but Lilly said spraying can be costly and not too effective. He said it should have been done three weeks ago. Resident complained it was difficult to get spraying permits county agent Howard Kuhn said the heavy infestation was due to Ideal weather conditions that permitted hatching of most of the Moth larvae. It. Hood Soldier drowns in Lake Belton Tex. Up Ira e Harper 20, a it Hood Tex. Sot Dier. Drowned in Belton Resen or. Harper was fro Riri Taplin w. A author Lyles said he was swimming in the Lake and was wearing a life jacket but disappeared beneath the surface. The body was recovered and artificial respiration was fat tempted but failed. Survivors include his Mother mrs. Mary Atkinson Harper of Charleston . Commerce aide Ite signs Washington up1 presi Dent Kennedy has accepted with extreme regret the resignation of William Ruder assistant Secre tary of Commerce in charge of Public information who is return ing to his Public relations Fina