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Page 8
THE BATTALION
THURSDAY, JULY 2, 1981
National
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List not narrowed down
Court vacancy still open
United Press International
WASHINGTON — President
Reagan still is sifting through a list
of names to fill an approaching
Supreme Court vacancy and aides
are seeking to discourage specula
tion on the possible nominee.
David Gergen, director of
White House communications,
told reporters Reagan has “not
narrowed down” the list, as re
ported in some quarters, in the
search for a replacement for Jus
tice Potter Stewart, whose retire
ment is effective Friday.
“It’s not fruitful to speculate
about names and dates,” Gergen
said. “It’s not helpful to take the
temperature every day.”
Reagan’s political adviser, Lyn
Nofziger, has counseled the presi
dent he would make points by
naming the first woman to the
Supreme Court. Last October,
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during the campaign, Reagan
pledged to make the appointment
of a woman to the high court a top
priority.
Regardless of sex, the presi
dent’s nominee is expected to be a
political and philosophical conser
vative, aides indicated.
Reagan had a meeting with
members of the Board of Dire
ctors of the National Association of
Counties on tap today, apparently
to seek more support for his prop
osal for block federal grants to the
states, instead of categorical
grants.
He also planned a Cabinet
meeting to discuss immigration
law revisions. Some aspects of the
program relating to illegal aliens
were discussed with Mexican
President Jose Lopez Portillo dur
ing his recent visit to Washington.
The president had no appoint
ments Wednesday afternoon and
planned to remain at the White
House this weekend with a celeb
ration of his wife Nancy’s 58th
birthday planned for Saturday.
With Congress away, Reagan
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was preparing for the next
onslaught against the House —
this time to win passage of his 25
percent, 33-month, tax-cut prop
osal.
Rep. Jack Kemp, R-N.Y., cal
led on Reagan at the White House
Tuesday to discuss the “next step”
in getting the administration’s tax
plan on the president’s desk by
Aug. 1.
“I think he certainly needs to
do some lobbying,” Kemp said,
“and “he’s certainly willing to go
all out.”
White House aides, meantime,
believe the bipartisan coalition
that gave Reagan his budget vic
tory in the House will pave the
way for another triumph.
Reagan saw several congress
men Tuesday, some to thank for
supporting his budget proposals.
But Sen. Strom Thurmond, R-
S.C., came to call with Shawn
Weatherly, “Miss Universe,” and
Kim Seel Brede, “Miss USA,’’and
said they did not talk business.
“We discussed pulchritude,” he
said.
May economic indicatorCo
leave experts guessing in
United Press International
WASHINGTON — An economy in transition
still is sending conflicting signals, leaving the ex
perts guessing about what’s immediately ahead
for unemployment and production.
A monthly drop in the leading economic indi
cators reported Tuesday by the Commerce De
partment triggered no alarm bells in or out of
government, but also did little to establish any
trends.
The index fell 1.8 percent for May — a relative
ly sharp drop, but less significant because it fol
lows two months of positive movement.
The lone administration figure reacting to the
figures. Commerce Secretary Malcolm Baldrige,
used the occasion to promote the president’s eco
nomic proposals, suggesting they would provide a
“boost” for the economy. Baldrige said the figures
indicate the “economic recovery that began last
summer has stalled.”
At the same time, the department measured
the pace of new business and found new orders
and shipments of manufactured goods improved
somewhat in May. Inventory levels, often an ear
ly warning sign of slackening demand, remained
about the same with inflationary price rises
accounting for most of the increase in the value of
backlogs.
Although there are no bombshells in the latest
/imbl
ince h e
Bon baA
economic statistics, there isn t much good
either.
Unemployment figures to he released ti
are not expected to show any improveniwJ
Among the unemployed are more than 800,f* .: n jr
construction workers, who, with auto to
are among the hardest hit victims of high intert^.^^us
rates. .^ na i
The Federal Reserve is not expected tocons** 11 .'^ 0( J C
er a change in its present tight money policy imf, j ietvV e
after a July 7 meeting. Even then, anyhardevW.* . te( J
dence of a loosening process could be a longtiuT ^ i|( | t i S ti
coming, since new policy is not formally disclose* mllC }
until weeks afterward. ETdispla
In the background of all the current econoul YVinibl
news are two new factors that keep growingL () sets d
importance — the progress of the adminErfL r | tra j a i
lion’s budget and tax cuts through Congress,ijf j ot i a y,
what appears to be diminishing inflation. Lt would
Administration budget victories so far if(^E nr oe,
already being counted as influences driving(lo»f in k f .fI Fn
the price of gold and silver and, along with an i
interest rates, making the dollar strongeroti
And private analysts are busy advising th
clients inflation has turned around and isshrii
ing. But it remains to be seen how long it will
irg and r
ht Borg
iot be goo
Borg,
:ord-eqi
for that prospect to become an article of feilU nc l erra te
(“Of co
—Erg said.
Mobil ads claim news service
story was not well researched
oh grass tl
fjttickly.”
i But Bo
tournamei
Peter MeI s
Mil have t
United Press International
WASHINGTON — A Mobil
Oil Corp. official says the firm
bought newspaper ads criticizing a
United Press International story
that compared oil company tax
rates with those paid by indi
viduals to warn the media to re
search and report news accu
rately.
Tony DeNigro, Mobil’s mana
ger for media programs, said
Tuesday that his company’s multi-
million-dollar campaign of adver
tising challenging media reports
— begun 11 years ago — “has
been effective” in influencing
public opinion.
He said the company takes out
the ads because it is convinced re
porters, “not Mobil, are the ones
out of step with the public.”
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DeNigro spoke on a panel on
“Advertising as a Weapon” at a
conference sponsored by Accura
cy in Media, a conservative group
that charges the news media is li
beral-leaning.
H.L. Stevenson, UPI vice pres
ident and editor in chief, said UPI
is standing by the story, written by
Washington energy reporter Ed
ward Roby. Stevenson protested
the ads to Mobil and told the oil
firm their quarrel was with the
Department of Energy rather
than the news service.
“Mobil contends the UPI story
was misleading. It is the Mobil ad
which is entirely misleading,
Stevenson said.
He also said the oil company
had mailed copies of the ad to
others in the media with a cover
letter from DeNigro saying the
story was “erroneous.”
“Mobil’s rather heavy-handed
attempt to discredit an accurate
story ranged from calling it mis
leading to erroneous. It is neith
er,” Stevenson said.
Mobil challenged a June 5 UPI
story on an Energy Department
report stating that the 26 biggest
energy firms paid an effective
U.S. tax rate of 12.6 percent in
1979, based on their net income.
The UPI story also quoted an In
ternal Revenue Service official as
saying this would have put Mobil
in the same tax bracket as a wage
earner earning about $20,000 a
year.
“That’s just way, way off the
mark, and it made us — frankly —
furious,” DeNigro said.
As a result, Mobil placed ads in
about a dozen major newspapers,
including The New York Times,
The Wall Street Journal and The
Christian Science Monitor under
the title, “Won’t they ever learn?”
“We said in the ad that the re
porter was either confused him
self, or gullible enough to accept a
foolish interpretation of the re
port,” DeNigro said. “The story
added fresh fuel to the widespread
belief that U.S. corporations are
underpaying their taxes. They are
not.”
Without naming UPI, DeNigro
told the conference the ad was
published “in a way designed to
embarrass the wire service — for
not checking the real source to
make sure the reporting is entirely
accurate.
“We hope that this ad will
to put the reporter, thewirfl
vice and other reporters #kj
writing about this subject-S
about Mobil — on noticetoiw United j
sure they take the time to qoUSTOl
accurate piece." (set by
Roby sought comment tu coac h
Mobil and other oil com p ro ^
spokesmen when the DOEt.jnds over ’
were released. None returw||fl to p
phone calls. mdperdu
The Mobil ads have Jjg additii
attacked by some oil industry three NV
tics, including several eccn Fields no'
and tax lawyers; Energy Act Ihb need,
self-described "educ3tA ie U nd
foundation,' and the InstitutypHneset
Responsible Energy Polk nager La<
energy policy advocacy gre-lhold its f
They challenged Mobil' ee ! weeks
that the figures were mis Biles has
because they divided theU.W
come taxes of the energy c#
panics by their worldwidepf . ,
income and failed to reflectr G «
much income taxes these«
panics paid to foreign con: p w
where large portions of the® |Y
come were earned."
Mobil and other oil compfj
have challenged the figumf*fly Picl
have advocated for some timers, cqi
the DOE section that eorw c Texa
them be abolished. &? ent ’ !
Paul Davidson, professe™ as the
economics at Rutgers Unm ' 16 ^ ear
said "what Mobil doesnotsU 01 Manaj
that much of the so-called i:: ^ out ion i
tax to foreign governmentsarf ! he awar
really taxes but are simply ® zec ^ Ad<
form of payment to the 0PE( errn i ne d
tions for their oil.
“For example, in the yajj
question (1979) on a !
Saudi oil a little over $2 isro)l
and almost $12 is income f
paid to the Saudis. A roi
would be treated as a normalil
ness deduction while the tall
been for the oil companies,i|
dit against U.S. tax liabilities
Davidson said, “If we i
study worldwide taxes and#
dwide income, as Mobil sum
we should not confuse a rot
with a tax.”
DeNigro said Mobil res
m
advertising space in 11 nests
A company official in l* » ^
8:
ers.
York said Mobil spends 820
lion a year on the ads, as part,
$21 million in expenditures
radio and newspaper activit/Orn the
^ Star ’
R/
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