THE BATTALION
MONDAY, NOVEMBER 26, 1979
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Kennedy figures called false
Japan thinks U.S.
is main friend
United Press International
TOKYO •— A government
opinion poll indicates a majority
of the Japanese believe the Un
ited States is the No. 1 “country
to be friendly with” followed by
China, government sources said
Saturday.
The poll was conducted by the
prime minister’s office, which in
terviewed 3,000 men and women
over the age of 20.
While 27 percent of the re
spondents picked the United
States as the top country with
whom Japan should maintain
friendly relations, 23 percent
blamed America for the trade im
balance between the two nations.
China came in second with a 20
percent showing.
United Press International
WASHINGTON — President
Carter’s campaign manager charged
Saturday Sen. Edward Kennedy is
using false figures to woo voters in
politically influential cold weather
states. A Kennedy spokesman de
fended his boss’s integrity and said
Carter’s people had tbeir own ver
sion of the truth.
Robert Strauss said Kennedy —
who leads the president by a wide
margin in national polls — had great
ly exaggerated the impact on the
consumer of Carter’s decision to de
control oil prices.
“In a Manchester, N.H., speech
Wednesday, Senator Kennedy is re
ported to have claimed that decon
trol of oil ‘will cost the average family
$1,000 a year. ’ That statement is just
flat wrong,” said Strauss.
It was the second time in nine days
Strauss has claimed Kennedy is us
ing inaccurate information in his
attacks on Carter.
In his campaign, Kennedy has
stressed his differences with the
president on energy pricing policy
— especially in cold weather cli
mates where the skyrocketing cost of
home heating oil seriously jeopar
dizes Carter’s candidacy.
“Joint calculations of the Council
of Economic Advisers and the De
partment of Energy show that the
effect of decontrol on the average
family to be about $20 during this
year,” Strauss said. “Based on cur
rent world oil prices, the estimated
effect for 1980 is approximately
$100.”
But Kennedy spokesman Tom
Southwick explained “what we did
was take the estimate of the Joint
Committee on Taxation of the total
cost of decontrol over the next 10
years — about $700 billion — di
vided that by 10 years and divided
that by the number of families,
which is about 70 million. ’
“What Strauss has done is say
what is going to be the increased cost
to the average family of their gaso
line and heating oil. But what he
ignores is the fact that every item
people buy is going to go up because
of increased energy costs. ”
Oil companies prefer cash
Credit cards not welcomed
United Press International
PORTLAND, Maine — Tbe sign at Dick Stewart’s Congress Street
Shell station reads: “As of Dec. 1st Master Charge & Visa won’t be
accepted.”
More and more, oil companies are refusing to accept bank credit
cards and station owners like Stewart are being forced to pass along the
bad news to their customers.
Stewart, who also a Texaco station in Portland, says Texaco has told
him it will not accept the “independent” cards after Jan. 1.
“It’s a fair statement to say that the (oil) companies are demanding
cash,” said James Grant, a spokesman for Visa’s eastern headquarters
in Virginia. “It’s a seller’s market. If you don’t have a pocketful ofcash,
they’re saying the heck with you.’
“We’ve had lots of recent inquiries about it from consumers. They
Blacks’ income increases most
don’t like carrying that much cash,” he added.
“It’s going on all over,” said Phillip Pimentel, head of Maine’s
gasoline retailers association. “It’s not that service stations don’t want
to take bank cards, it’s that oil companies won’t. They’re telling us
they’re losing too much money on fraudulent cards or non-payment. ”
The manager of public affairs for the Getty Refining and Marketing
Co., Charles Smith, said from company headquarters in Texas, “It’s
basically a matter of economics. We can process our own cards cheaper
than we can handle credit cards issued by other people. And we’d
eventually have to pass on those costs.”
Pimentel said some banks in other parts of the country are setting up
pilot programs for bank cards used only for gasoline and auto repairs, as
well as check guarantee cards, to fill the void left by the bank cards.
1st
EM/%
Annual
WEDNESDAY, NOV. 28 — 9 P.M.
1st Price I 50 00 Plus Trophies! 2nd Price $ 25 00
Sign Up Now with our Bartender Judging by John “Texas Madman” Sharp
BUSINESS
MAJORS
Average income is $17,640
United Press International
WASHINGTON — The median
income of American families rose to
$17,640 last year — a gain of 2.4
percent above inflation — and some
black families had even bigger in
creases in their real income, the
Census Bureau said Saturday.
Although median family income
rose more than 10 percent, from
$16,010 in 1977 to $17,640 last year,
most of that gain was lost to inflation,
which was 7.6 percent as measured
by the Consumer Price Index.
The Census Bureau said there
were big differences in income
among whites, blacks and Hispanics.
The 1978 median income for white
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families was $18,370, a 2 percent in
crease after adjusting for inflation.
For Hispanic families it was $12,570,
which was not significantly different
after inflation from 1977.
Although the median for black
families was lowest — $10,880— the
figure constituted a 6 percent gain
over inflation, “the first significant
rise in three years.”
The Census Bureau said the gain
for blacks was mostly in husband-
wife families, while median income
for families headed by a black woman
did not change significantly.
Among all women who were head
of their own households, median in
come in 1978 was only $8,537.
The bureau said median incomes
for people living alone or with non
family members rose 5.5 percent in
inflation-adjusted dollars.
The median is the middle figure,
with as many families with incomes
above the figure as below it.
The bureau said the number of
people living in poverty — 24.5 mil
lion persons, or 11.4 percent of the
population -— was essentially un
changed from 1977.
So far, the average annual increase
in real family income during the
1970s has been 0.8 percent com
pared to 3 percent in the 1960s.
Battalion Classifieds
Call 845-2611
CLASS
OF ’80
!Interested in submitting a
►picture to be used in our
►class History during Senior
►Weekend?
If so, put it in an envelope
►with your name and phone
►number. Then put it in our
►class box in Rm. 216 MSC
icasRin
J with a
Kill
■■""“I
Battalion
Classifieds J
Call
845-2611 ■
Are you interested in managing in the areas of finance, purchasing or accounting within a
MULTI-MILLION DOLLAR organization?
If you are an adventurous male or female, obtaining a business related degree, making good
grades and between 19-27 1 /2 years of age then you may qualify to become a member of the
Navy’s Supply Corps.
If you qualify, a limited number of management positions are available to graduates of the
1978 class.
If you are interested in positions in payroll management, hotel/restaurant management,
retail store operations, supply logistics, national and international contract negotiations, etc.
starting salary - $11,834.76
after two years - $14,678.76
Stop by the MSC November 27, 28 and 29 from 9 a.m. to 4 p.m. and talk with the Navy
Information Team.
NAVY OFFICER PROGRAMS
1121 Walker St., Houston, Texas 77002
(713) 224-5897
ex—
il
®au Kappa Epsilon
Interested in Starting
YOUR OWN FRATERNITY?
Tau Kappa Epsilon, the world’s largest
social fraternity is starting a new chapter
here at
■
TKE offers many advantages:
• Become Active Immediately! No Pledging!
• Job Referral service after college.
• Scholarship aids.
• Over 300 Chapters to visit in U.S.A. and Canada.
• 12 chapters state of Texas
Like To Hear More?
Call Dennis Perry, National Dir.
Aggieland Inn
Room 134
693-9891