European Stars And Stripes (Newspaper) - May 11, 1985, Darmstadt, Hesse                                Page 6 the stars and stripes May stateside not All stockholders Are Happy about new yorkers new owner new York a the new which for 60 years has been a showcase for such talents As Saling John Updike and Dorothy became the property of publishing magnate Newhouse at a Stockhold ers meeting punctuated by the million Sale was ratified by a vote of about shares to slightly under publisher Kennard Bosch announced at the the new yorker clearly will not be a Public company after told staff members and readers that he had the Assurance of Newhouse that the magazines highbrow literary tone would continue in the same As a very Small shareholder and a very longtime read i would like to say that 1 wish this had never Hap said one who refused to give his have difficulty seeing How Newhouse can make a profit without doing something to the Quality of the mag Newhouse has said he will keep editor William who recently wrote in the magazines talk of the town column that none of its owners had Ever made an editorial suggestion or Ever permitted the advertising or circulation or accounting people to bring any pressure to Bear on court upholds contempt ruling against attorney with itches Cincinnati a a contempt citation against an attorney who says he failed to show up to defend a client because of a Case of the screaming itches was an appropriate response to provocative an appeals court has the 6th circuit court of appeals decided Mon Day that District judge Ann Aldrich in Cleveland was proper in slapping the contempt citation and a Fine on attorney Leonard Jakucs told Aldrich that he failed to appear because be would have scratched himself constantly had he appeared in 3 College students find making Cash a snap with photo stands Washington up three College students Are cashing in with their string of stands offering tourists a Chance to get their picture taken with a card Board photograph of president the called innovative ideas has grown in one year to several stands in Washington and five other More than 15 employees and monthly profits in six said the Kevin Joe and John All University of Maryland fraternity first offered tourists a Chance to get their picture taken with Ronnie last with a Polaroid camera and a loan from Nelsons we have captured the spirit of reaganomics to a Lane we open a new stand every Day Darcey whether they hate him or love people love to get their picture taken with the men have Learned about the business world by trial and its almost impossible for three Guys like us to do this but were learning Lane it already has gotten too big to handle at japanese economies on collision expert says Trade with Japan 20 10 1978 80 81 82 83 84 Chicago Tribune graphic source department of Commerce Washington a to Correct a collision course Between the and japanese the United states must reduce its Federal budget deficit while the japanese should save consume More and work Shorter economic experts it May already be too late to Avert a collision Between the two economies that could Lead to global fiscal break Fred director of the Institute for inter National said in testimony before two House Bergsten said Trade is part of the problem but More important is that the Basic economic and fiscal policies of the two nations Are heading in opposite Bergsten and other expert witnesses said overvaluation of the american Dollar by 35 percent to 40 percent was the main cause of the huge Trade Sharp boosts in sales to Japan would hardly Bridge the the Strong Dollar is caused mainly by huge budget deficits that push up american interest rates and draw foreign capital into the United the result is to severely jeopardize the competitiveness of american Industry in world said who chaired the consultative group on International monetary affairs last on the other Japan needs to Correct a surplus of savings and outflow of Bergsten such Mea sures could include expanding private and Public invest ment through tax cuts and possible tax credits and stimulating More spending on housing and other social which is recognized by most japanese As still woefully he cited the suggestion of japanese prime minister Yasu Hiro Nakasone advisory committee on external economic relations that the country change from the six or 5 work week to the straight five Day week to expand consume University of Michigan economics professor Gary Saxonhouse agreed that increasing consumption in Japan and cutting deficits in America were More important than specific Trade it is the relationship Between investment and savings flows which determine the japanese current account surplus and the american current account Saxonhouse it is unfortunate but necessary that we must encourage Japan to have their Economy look More like ours but the legitimacy of the International economic system is at he told the Rise in earnings recipe for higher inflation Washington a workers weekly earnings increased percent for the 12 months ending March the labor department reported putting work ers ahead of a percent Rise in consumer prices during the median weekly earnings for full time wage and salaried workers were in the first Quarter of up from the year ago level of thursdays coupled with earlier is a recipe for higher inflation later in the cautioned economic analyst Michael Evans of Evans economics in earnings of said the Bureau of labor were 66 percent of the figure for the median earnings for Black men were a median weekly earnings for women were in the 35to 44 year old age group while mens earnings were Between the Ages of 35 and workers in administrative and managerial occupations were paid the professional Spe Fialty workers followed at business productivity fell percent in the first Quarter of the labor department said in a report two weeks with unit labor costs soaring percent in that the disturbing said is that unit labor costs Are rising faster than suggesting bad news on the inflation front later in the the current picture is the reverse of the past two when costs were rising More slowly than unit labor costs reflect changes in productivity and hourly thursdays report said that there were million Par time wage and salaried workers in the about 70 percent of them median weekly earnings for Par time workers were for women and for the higher figure for said reflects the fact that about two thirds of women working part time Are 25 years and while Only 40 percent of the men Are in that age among those 25 years and women earned about the same As Golden fleece goes to floating crap game7 Washington a Wil Liam gave his monthly Golden fleece award to the department of housing and Urban development Fri Day for spending More than million on British actress Addams Dies of cancer at 54 London a British actress Dawn Addams has died after a five month fight against she was Addams had a Stefano by her first to Prince Vittorio Massimo of they divorced in and in 1974 she married retired businessman Jimmy a Pittsburgh tourist attraction that was never Hud clearly bankrolled this floating crap game without covering their said Proxmire in a statement about the departments the Wisconsin Democrat said Hud fun need nearly million through the Urban development action Grant program to build an Access ramp and Tunnel to a privately owned entertainment spa in Pittsburgh featuring shuttle boats and a three tiered floating the taxpayers Money was actually spent nothing new about he but the promised passenger boat ended up in new the shuttle has yet to be and the Dock to be bustling with lounges and offices has faded into the bureaucratic fog and reemerged As two Proxmire said Hud spent the Money based on a firm private sector financial commitment to spend More than Mil lion to buy the build the Dock and so Hud must have a squish soft definition of the word Proxmire he quoted a Hud audit As saying the Developer failed to do anything As specified by the agreement with the government for the loan and in other Proxmire said the Pittsburgh project is an example of Why he opposes Urban development action Grant too they subsidize outright Boon they Are corporate welfare and have no place in the he Golden fleece awards go to government funded activities that Proxmire considers woodcarver Dies at 94 a mites Burk Holder a woodcarver who gained National attention in his has died at he was an octogenarian when be bad exhibits at the Brooklyn museum and the Corcoran gallery and when the Anderson gallery at Virginia Commonwealth University presented the first Oneman exhibit of his