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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Jan. 15, 1975)
Page 6 THE BATTALION WEDNESDAY, JANUARY 15, 1975 A&M prof claims! inflation to rise Americans can stretch fuel use p Inflation may jump more than 20 percent by the end of 1976 if factors go as expected, says Dr. R. B. Ekelund, Jr. Ekelund believes a proposed tax cut by President Ford, coupled with an expected increase in government spending that traditionally accom panies a Democratic Congress, will lessen unemployment now, but the combination threatens to drive in flation up more than 20 percent in two years. Ford has opted to work on reces sion and unemployment, notes Ekelund, and Congress is in sup port because the current rate is the highest peacetime unemployment in many years. The tax cut, plus an increase in government spending to finance those programs aimed at lessening unemployment, in the long run bodes ill for the economy, Ekelund says. “Unemployment is bad enough,” he explains, “but inflation can be worse, especially on the fixed in come people and persons with low income. “The short-run cure of the unem ployment rate will come out in the long-run as a large increase in the inflation rate. “You’ll be forced either to pay now or pay later, Ekelund says. He says he thinks the proposed (ax in crease on petroleum will result in stagnation of production incentive to the oil companies. They will in turn spend Hess, driving prices still higher. “If you want anything, now is the time to buy,” advises Ekelund, de spite consumer reluctance to spend Grimaila to join A&M Press Raymond M. Grimaila, currently of the Wesleyan University Press, will join the A&M University Press as designer and production man ager. Frank H. Wardlaw, A&M Press director, said Grimaila’s appoint ment is effective Feb. 1. Grimaila has been designer and production editor for the Wesleyan University Press in Middletown, Conn., since 1960. He is a recipient of the Cary- Thomas Award for Creative Pub lishing and Mohawk Mills Award for Design Excellence. Last year he had a one-man show of book de signs at the American Institute of Graphic Arts. Wardlaw noted Grimaila’s books have been included six times in the AIGA show which honors the 50 best-designed books of the year. His work has been cited on numerous occasions in the annual show spon sored by the Association of Ameri can University Presses. Addition ally, his books have been exhibited at the Library of Congress and Car negie Institute. Grimaila, 45, holds a Bachelor of Fine Arts Degree from the Univer sity of Hartford and Master of Arts from Wesleyan University. The A&M Press, formed last fall, plans to publish six books this year, about 12 next year and approxi mately 20 in 1977, Wardlaw said. Graduates are eligible for contest Part-time or full-time graduate students may enter a 2,500 to 3,000 word essay on any subject of interest concerning physical distribution management to be eligible for $300, $200 and $100 prizes. The essay contest is sponsored by the Houston Roundtable of the Na tional Council of Physical Distribu tion Management. “The purpose of such a competi tion is to encourage interest and conceptual development in any dis cipline or area related to physical distribution management, science or technology,” says V. H. Good win, steering committee chairman for the Roundtable. Submission deadlines for the es says is March 31. Goodwin exp lained in extending the challenge that the papers might be either on philosophy, application or both, but must show awareness of problems involved. excessively with the fate of the economy in doubt. “A long period of uncontrolled in flation, say 15 years, may force so many economic controls on gov ernment, business and consumer spending that you might not have another chance to purchase goods you want or need,” he concludes. Americans can stretch out their petroleum resources for years with out a great change in their material standard of living but they probably won’t, said Dr. Earl Cook, Dean of the College of Geosciences. “The greatest problem will be to achieve and maintain political con sensus on what needs to be done,” he said. “The efficiency of the U. S. energy system probably declined during the last three years, owing to the increasing inefficiency and con tinued proliferation of the auto, a steep increase in air conditioning. increased energy use in the home, especially in frost-free refrigerators and color TV sets, and the increased energy costs of maintaining or im proving environmental quality.” “It would be easy to make sub stantial improvements in efficiency if we’d be content with autos the same size as the rest of the world uses and accept a hard ride (hard high-pressure tires roll much easier),” Cook said. If we’d design our buildings and their thermal systems properly and go back to using clothing instead of fossil energy to keep our bodies warm, we’d save much irreplace able fuel,” he pointed out. “If we’d eat good grade beef in stead of choice, which is as much as 50 percent fatter and requires a heavy grain input, there’d be less need to hit our soils with massive injections of nitrogen fertilizer made from a rare and clean fuel, natural gas,” Cook declared. “In thus stretching out national re serves of crude oil and natural gas, we’d relax some of the pressure on our environment and be healthier. “The price increases in energy that appear probable over the next few decades are not so great as to cause a collapse of our high-energy, industrialized society," he said. “There will be some dislocations of energy-intensive industry, there will be some sacrifices in comforts and pleasures, but the potential for energy saving is so great that re maining domestic reserves, and substitute systems based on coal, could be emplaced without serious degradation of the material standard of living. “The greatest problem will be to JUM60 SALE achieve and maintain political«rff sensus on what needs to be doji* Cook maintained. dent “With experts disagreeing * how much oil remains to lie\ over the durability of the cartdjK. 1 ^ oil-producing nations, overi!& >1 ^ proper role of the private sector! 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