THE BATTALION
FRIDAY, FEB. 13, 1976
Page 3
vndcrdeveloped nations u - s - charity will not J £||Y| f|Qt Snock
hallenffe world order world problems P
ildlldlfeiC WUIUJ. U1 vld By RAY DANIELS industrial countries. Even ir
A J Battalion Staff Writer underdeveloped countries,
>r edited
A p'- : By KAREN GERMANY
^Tbe countries of the Third World
ard bejaBgss t}j e ability to challenge the
resent international political and
° ra pplieK,omic systems, William E.
P, m ' ^PiBufele said yesterday,
adc on!|Sclmufele, the assistant secretary
in edilgKrg f or African Affairs, spoke at
12, tnelHajgbt’s session of the Student
' lonference on National Affairs
msarei’CONA). His topic was “The In-
StudeulHing Strength of the Third World
i d United States’ Response.”
neted: "jPespite the newly-gained
fcereignty of some of the nations of
■Third World, they present no
or T fiw world control,” Schaufele said.
■0 oveniMefined the Third World as those
time options that are not a part of Eastern
he terrf n d Western Europe, China, Japan,
: one nd the English-speaking world.
respOEfirhese nations are anti-status quo,
mTkLfcifingfor transition in the interna-
ble political and economic system,
east OKWaid. Still, they lack the capacity
irience j influence world events or have a
paper, ip
oumalia|
1 203 aiij|
porting j
'he 121a
significant effect on foreign affairs.
This is not a new condition, he
said.
Schaufele stated the basic needs of
the Third World nations. “Modern
instability impedes the economic
growth of these nations,” he said.
“They need an acceleration in
economic growth. Investment con
ditions need improvement. The
poorest countries need the most
help.
“These nations have common
characteristics. They are not allied
with one another. Some are more
closely tied to Eastern or Western
influences.”
Most of these nations are poor, he
said. They are European or Asian in
culture. Both individual and military
power is relatively absent within this
group — a group that represents half
the world’s population, he said.
“The response from the United
States is based on an incentive for
mutual benefit,” Schaufele said.
“The Third World is one-third the
total trade resources of the U.S.
They also represent 90 per cent of
our total trade surpluses.
“The Third World needs
economic growth,” said Schaufele.
“We believe that modern technology
and industrial skills as well as grants
and loans from the U.S. and Western
Europe will bring social justice and
stability to the Third World. These
nations demand a new international
order. ”
Schaufele said that he feels that
through all this, the United Nations
is being tested. The Third World
comprises two-thirds of the mem
bers of the U.N. The 77 developing
nations in the U.N. system should
weave together a garment of many
hues.
By RAY DANIELS
Battalion Staff Writer
Charity to the Third World is like a
pain reliever, Iqbal Akhund said yes
terday. It removes the pain for a
while but it is not a cure.
Akhund, a permanent representa
tive to the United Nations from
Pakistan, spoke at SCONA XXI
about the influence of the Third
World.
Akhund described many of the
problems of the Third World relating
to industrialization and poverty.
Ninty per cent of the world’s re
sources are being used by 20 per cent
of the people, he said. The other 80
per cent of the world will not tolerate
this.
He said the per capita income of
the underdeveloped nations has in
creased over the years but at a rate
that is many times slower than the
industrial countries’. Even in those
underdeveloped countries, he said,
the increase is going to a few and it
needs to be spread out more evenly.
The Third World has very little
global power, Akhund said. It is rep
resented in the United Nations
where it votes on meaningless resol
utions that get lost in rhetoric. It rep
resents no voting block within the
U.N. against the United States or
anyone else, he said. Countries from
the Third World vote on both sides of
almost all issues.
The left and right polarization of
politics is outmoded, he said. The
reality is that all the problems are
related.
Tomorrow, Dr. Charles Burton
Marshall, professor of international
politics from Johns Hopkins Univer
sity, will speak on U.S. power in
transition in the Rudder Theatre at
11 a.m.
irown and Moss
ebate oil policy
Candidates give personal
asset and liability figures
By RAY DANIELS
Battalion Staff Writer
he price of gas is directly related
reserves of currently operating
3neyeaiB] s sa j(j Rep. John Moss,
isitionMy^if, during his debate yester-
dav with Rep. Clarence Brown,
IsewbiQ^jo
Moss said the estimates of those
rvescome from oil company rep-
isentitives and that the Federal
de Commission has done re-
L0I1 arch showing the figures to be in-
msistant and possibly manipulated.
In his rebuttal. Brown said that
uchfiguresare only judgements and
differ greatly, depending on the
son.
uring the Political Forum event,
two representatives each took i5
Kites of debate and i> minutes ot
luttal on the subject of breaking
up the big oil companies.
__^LMoss, who favored breaking them
, said the U.S. economy thrives
3n the competitive system. Oil
[npanies have reached a point
ere competition is minimal, he
E557 yhencompetition is low, the pos-
ility for cost savings occur but,
ny times are not passed on to the
isumer, he said.
The big oil companies have now
iwn to a size where they have ex-
ided both vertically (from explo-
ion to fetail) and horizontally
(from coal to uranium) and should be
able to produce price cuts. Moss
said.
Mobil Oil recently bought the
controlling interest in Montromery
Ward, an investment Moss said is a
sign that savings are not being passed
on to the consumer.
In his turn at the podium, Brown
said a recent report by the Federal
Trade Commission (FTC) indicated
that the advantages of horizontal ex
pansion far outweigh the disadvan
tages. Brown said that profits at one
stage of the industry could be passed
on to one of the other stages, produc
ing a savings that could be passed oh
to the consumer.
There is no trend toward the
elimination of independent refiners,
Brown said, citing governmental and
university research. He also stated
there were a minimum number of
barriers to businesses trying to get
into the petroleum industry. He also
said that joint ventures by the exist
ing companies actually produced
more competition.
“The rate of return for the oil in
dustry,” he said, “has been about
equal to the rate of return for all U. S.
industry.” The windfall profits of
1974 have not been continuing, he
said.
Brown said there are no
monopolistic tendencies within the
oil industry.
ryan to receive $458,000
e Brazos Valley Development
[uncil (BVDC) at its monthly meet-
yesterday approved a grant of
>8,000 for the city of Bryan.
TReceiving the most money is the
lastle Heights area, located on State
;hway 21, east of the Highway 6
>ass. The money will be used for
et improvements and for gas ser-
to the area. The Lone Star Gas
impany will share some of the pro
cost.
In addition to the Bryan grant, the
BVDC considered $52,000 worth of
subcontracts for services to the aged.
The contracts are now held by vari
ous district agencies.
Grants for the Brazos Valley
Community Action program’s ser
vices, Madison County probation of
ficer, and the 21st Judicial District
probation program were extended
for another year by the council.
— Mark Willis
Associated Press
WASHINGTON — Ronald
Reagan says he will release some
more information about his finances
after President Ford issued a finan
cial report putting his family’s net
worth at $329,489.
Reagan’s new report could con
firm what public records and other
sources already show: Reagan is a
millionaire and one of the wealthiest
candidates this year.
Public records show Reagan owns
three pieces of California real estate
with a total market value of
$2,363,000. And a source close to
Reagan described as “pretty accu
rate” a report by the San Francisco
Examiner that estimated Reagan’s
1975 earnings at $700,000 from lec
tures, his radio show and newspaper
columns.
Meanwhile, Common Cause,
which describes itself as the citizen’s
lobby, released financial data about
nine Democratic candidates. The
only professed millionaire among
them was Gov. Milton A. Shapp of
Pennsylvania, with assets estimated
at $2.8 million.
Sargent Shriver listed his total as
sets at $135,000 as of August 31,
1975, but gave no information on his
wife, the former Eunice Kennedy,
who is reported to share in Kennedy
family trusts.
The Ford financial statement cov
ering the last 10 years said the Presi
dent’s net worth has increased by
about $67,000 since he was nomi
nated October 1973 to become
vice-president. Most of that re
flected increased real estate values
on four homes the Fords own or in
which they have an interest.
Ford’s net worth was given at
$323,489, with liabilities of $1,200 in
“general bills outstanding. ” In 1973,
when Ford was nominated for vice
president, he listed assets of
$261,078, with $4,700 in liabilities.
No net asset figures were discer
nible in reports filed by Alabama
Gov. George C. Wallace, a Democ
rat, in his home state. Following the
reporting guidelines set by state law,
the form gives amounts in terms of
“over” or “under” $1,000 or $10,000.
No totals of income, assets or
liabilities are given.
Wallace lists sources of income in
cluding royalties from Wallace Cam
paign Inc., of over $10,000. He has
demanded that his campaign organi
zation pay him royalties for the use of
his name on buttons and pictures.
The only asset listed is a home in the
range of $50,000 to $250,000. Wal
lace also lists debts to three banks in
the range between $25,000 and
$50,000.
Former Georgia Gov. Jimmy Car
ter has disclosed his and his wife’s
assets as of Dec. 31, 1974, as
$588,698. This includes his peanut
farm and Carter’s Warehouse, both
in Plains, Ga.
Carter reported adjusted gross in
come of $97,334 for 1974 on which he
paid $26,153 in federal income tax.
Rep. Morris Udall, D-Ariz., in a
statement of assets as of April 1,
1975, listed $258,000. He also re
ported taxable income of 1974 of
$62,678 and income taxes of $14,678.
Sen. Robert C. Byrd, D-W.Va.,
has revealed his assets at the end of
1975 as $199,000. He says his income
for the year was $54,608 and he paid
federal taxes of $16,549.
Sen. Birch Bayn, D-Ind., has re
ported assets as of May 20, 1975, as
$188,775. He lists joint income for
himself and his wife for 1974 as
$74,608 on which $20,212 in federal
income tax was paid.
Shriver, in addition to listing hold
ings of $135,000 as of Aug. 31, 1975,
reported taxable income of $127,054
for 1974, on which $41,041 in federal
taxes was paid.
Sen. Henry M. Jackson,
D-Wash., listed his net worth as
$115,400 in a report required by the
Washington State Public Disclosure
Commission. Jackson says he earned
$77,661 in 1974 and paid federal
Ser'**
J*®*
taxes of $8,259, but he follows a pol
icy of giving all income from hon
oraria to charitable and educational
causes and listed $34,316 in such
gifts among itemized deductions.
Former Sen. Fred Harris,
D-Okla., lists his net worth as of
Nov. 10, 1975, as $113,397. He re
ported joint income with his wife for
1974 as $44,619 on which he paid
$10,117 in federal taxes.
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