European Stars and Stripes (Newspaper) - September 26, 1977, Darmstadt, Hesse Page 4 the stars and stripes monday september 26, 1977 Bleak economic forecast issued by Congress panel Washington a the congressional joint economic committee issued a gloomy forecast sunday that foresees Little improvement in unemployment or inflation next year and lays a big share of the blame on the Federal Reserve Board. Congress and the Carter administration must share the Burden the report said be House Veteran Poage retiring from politics Washington up rep. W. R. Bob Poage d-tex., a Veteran of 40 years in Congress announced saturday he will not run for another term. Poage 77, had surgery May 19 for re Moval of a malignant lesion of the Colon but had recovered and returned to his work As healthy As before or More healthy an aide said. He was first elected in 1936 to the House that convened Early in 1937. Before that he served in the Texas House from 1925 to 1929 and in the Texas Senate from 1931 to 1937. He is the second ranking . House member in seniority. Poage was chairman of the House Agri culture committee until a rebellion by Reform minded freshmen in the 94th con Gress two years ago deposed him and some other chairmen of Long standing. He has been vice chairman since. Born in Waco tex., in 1899, Poage is a Law graduate of Baylor University. I have come to the conclusion that my efforts to move our country in what i con Sider to be the right direction May not be As effective As those of a new face would be Poage said. He said he had decided some time ago to retire but had not announced it earlier so that congressional action on the farm Bill in which i was deeply interested could be completed first. Now in fairness to All prospective candidates it is time to announce retire ment Poage said. Pet Deer Gores kills owner Altoona a. Up Ralph Cowher 60, of port Matilda was gored to death by a nine Point Buck Deer he kept in a 70-by 100-foot pen on his property in Northern Blair county. County Coroner Charles Burkey said Cowher bled to death within about four minutes after being attacked. Cowher had kept the animal As a pet for the past five years. Best Sellers up publishers weekly fiction the Thorn Birds Colleen Mccullough Thesila Rillon . Tolkien dynasty Robert s. Elegant the crash of 79 Paul e. Erdman illusions the adventures of a reluctant Messiah Rich Ard Bach Delta of Venus Anais Wincoma Robin Cook the investigation Dorothy Uhnak the second deadly sin Laurence Sanders full disclosure William satire nonfiction All things Wise and wonderful James Herriot looking out for no. 1 Robert ringer Book of lists Davidwalla Chonsky the dragons of Eden Carl Sogan your erroneous zones or. Wayne w. Dyer the path Between the seas David Mccullough the camera never blinks Dan rather Vivien Leigh Anne Edwards it did t Start with watergate Victor Lasky the managerial woman Margaret Henning and Anna Jardim cause they Are not being very adventuresome in devising a taxing and spending policy to get the Economy Back on its committee scoffed at the idea that the government can t successfully fight inflation and unemployment at the same time. As examples of workable solutions the panel suggested less Reliance on taxes to pay for unemployment compensation and social Security and proposed that revenues from president Carter s Energy taxes be used to help states Cut their sales its midyear review of the Economy the committee said that despite optimistic assumptions about consumer and govern ment spending a fairly sluggish performance is expected because of weakness in business investment and the nation s deteriorating International Trade position. Further substantial reductions in unemployment seem unlikely to occur in the near future and the inflation rate will continue to be High and dominated by the rapid growth of unit labor costs the report stated. The government reported the jobless rate for August was 7.1 per cent of the work Force. Inflation has slackened in recent months. The August Rise in consumer prices a modest three tenths of 1 per cent was the smallest Rise in nine months. The panel accused the Federal Reserve Board of being so obsessed with inflation that it has reduced the Money Supply by nine per cent in five years. This disastrous policy was a principal cause of the magnitude and length of the recession it has been a perennial source of obstruction to recovery and it now threatens to abort the recovery entirely i the policy is continued the report said. The committee read recent signals As indicating that the Federal Reserve Board is planning another tightening of credit and called that inappropriate. The committee s criticism of the fed s monetary policy was rejected by republicans on the Senate House panel. If inflation is to be conquered they wrote the growth of the Money Supply must be reduced gradually to five per cent a year. In sum we believe that the Federal re serve is providing Money at a sufficient Pace to maintain recovery while keeping inflation on a declining trend the republicans concluded. They called for across the Board cuts in personal income taxes and said the prob Lem of financing social Security will take care of itself if inflation is slowed and the Economy is allowed to grow with a mini mum of government restraints. Bidder must watch step at this auction Albany . Up the City is having a sidewalk Sale 570.4 Square feet of sidewalk to be exact. The City Council has approved the move officially listing the Concrete Walkway a Block from the state Ca Pitol As the sidewalk will be put up at auction but officials expect Only one bidder Dan Ladopoulos who owns a restaurant and wants to open a Side walk cafe. Red tape has delayed Ladopoulos plans for six months and everyone involved agreed it would be easier if the restaurateur owned his own Side walk. The parcel is outside the front door of his Bleecker restaurant an eatery and watering Hole popular with state lawmakers City politicians and reporters. The Deal has raised the curiosity of a neighbourhood group however. The Center Square association says it does t object to a sidewalk cafe but a spokesman said the group s concern for City ordinances was aroused when it turned out sidewalk could be declared abandoned in a populated neighbourhood of Brownstone apartment buildings and offices. Yes the duplex House is really on the overpass. It s being moved to Canon a Home on the Highway City colo., from Colorado Springs about 70 Miles. Motorists slow to stare As the Road House moves along gradually toward its destination. Up photo military bases also among polluters Chicago up hundreds of Federal installations mostly military bases have missed the environmental Protection Agency s july 1 deadline for eliminating sources of water pollution the Chicago Tribune reported in its sunday editions. But the Epa has begun to Bear Down on the Federal polluters to meet clean water requirements which also apply to cities and private industries according to Epa regional chief Carol Fogelsong. At first they did t believe we were serious she told the Tribune. But we re making believers out of them. Everybody agrees that the rules that apply to cities and industries have to apply to the of 185 Federal waste discharges in the six state midwestern Region 92 violate the Epa s clean water goal. Although the Epa identified 600 Indus tries and 2,000 cities which also missed the deadline it remained silent on the Federal installations the Tribune said. Govern ment leaders have for years insisted fed eral agencies Lead the fight against pollution. They Are not a privileged class and there can be no exceptions for them Fogelsong said. The feds ought to be held accountable like everyone
