Battalion/Page 7B
February 17, 1982
138!
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Required spending
to affect debt limit
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lowest floor
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forces even the shortest
their knees. Doug Ross, a
junior P.E. major from Victoria visits
Dale, a pre-med junior also from Victoria.
Donald
United Press International
After swallowing a dose of
political castor oil by voting to
raise the ceiling past the $ 1 tril
lion mark last fall, with the
promise they wouldn’t have to
do it again until after this year’s
election, Senate Republicans will
have to vote a higher debt limit
because of mandatory spending
required by recession-related
unemployment and welfare
programs.
“The debt-limit ceiling is
going to be one tough fight,”
promises Sen. Alan Simpson (R-
Wyo). Simpson is among the
supply-side diehards who
pushed Reagan’s historic budget
cuts to passage last year but who
now is having different
thoughts.
What unsettles Republicans is
that for all his talk about balanc
ing the budget, Reagan is going
in the opposite direction, stick
ing with large tax cuts and high
er defense spending to drain the
Treasury further.
“Fifty-three Republican sena
tors went to the mat for the pres
ident (last year),” says Simpson.
“We’re willing to do it again but
on a much more selective basis.
Most of us have alienated every mother’s milk,” leading to “a?
constituency in the country, perception of meanness of:
We’ve been against children and heart.”
Hillel Jewish Student Foundation
“The Orthodox Woman
in Modern Day Society”
Please join Mrs. Radinsky, wife of Rabbi
Joseph Radinsky, from United Orthodox
Synagogues.
EVERYONE IS WELCOME!
Wednesday, Feb.
800 Jersey
696-7313
17
8'NAI B'RITH HILLEL FOUNDATION
Business is an ‘empire’
Rental has few rivals
$195
Specials
s, is the™
todai.StB United Press International
', it expIcffiNEW YORK — When Brian
defenseJWolfson says, “The two most
wastefiillmistrusted people in America
I admiralltodav are the auto mechanic and
it the lastjthe TV repairman,” who can re
proper [Main from “Amen?”
1 of war * It is upon that “Amen” that
been in jWolfson is building what he con-
29 vtftently predicts will be a televi-
tphorism sion empire.
icangentH He owns no television sta-
ause he'lions, syndicates or cable sys-
ementmlms. He produces no program-
tication Mg — not even on an import
on of sell basis from his native England
which seems to supply much of
ible la™the best in the public broadcast-
itegratediiing sector.
h about p Brian Wolfson doesn’t even
:y of ch
ised in
ironies.
sell television sets. He rents
Bern, and if his American ven
ture matches similar ventures
(elsewhere;, he soon will be the
^unchallenged king of the “98-
cent-a-day” video rental busi
ness.
I Wolfson runs Rentacolor Inc.
which, with 50 branches, already
is the nation’s largest TV rental
business.
| His domestic headquarters
are in Hartford, Conn., but be
learned his trade in England,
where up to half the viewing au
dience uses rented receivers,
and in a worldwide market
where he said the capital invest
ment in set rentals now runs be
tween $10 billion and $12 bil
lion. Possibly because the Amer
ican dream always has been to
own its own hardware, Wolfson
has not a single American com
petitor in the rental business —
at least not in the mode in which
he operates. Like his own firm,
his only rivals, including Grana
da which he once directed, are
British-based.
But why should anyone
eschew title to a television set
that eventually will be paid off in
favor of monthly rental install
ments that go on and on? That,
said Wolfson, is where the sinis
ter TV repairman comes in —
or, in this case, goes out.
“In the minds of most people,
radio is magic and television is
black magic,” he said. “If your
set breaks on Friday and you
want to have it fixed for the big
game on Sunday and you call the
IV repairman, he won’t give
you service.
For rental payments — rang
ing from $ 14.95 a month up, de
pending upon equipment re
nted — Wolfson will guarantee
constant, uninterrupted service.
If the tube blows, a new set will
be in its place within 24 hours.
If a small screen begins to
strain the eyes, a phone call will
bring a bigger one into the living
room, along with videotape re
corders, home video cameras,
video disc players, screen games
and all the other trappings of
the modern electronic enter
tainment center.
“We’re not cheap,” said Wolf
son. “We’re dear, but we’re total
insurance. We guarantee 365
days a year of picture at our ex
pense.”
Wolfson said the only home
grown TV rental systems in the
United States fall either into the
category of short-term rentals to
holiday resorts or the rent-
purchase arrangement.
“There’s a large segment in
the country who won’t get a
Sears credit rating or any other
kind of rating, but feel, ‘yeah, we
can probably hack $50 a
month,’” he said. “So they get
into a rent-purchase deal. The
dealer charges them 50 bucks a
month (for a set) and after
they’ve paid him $1,200, he’ll
give it to them.
“But 90 percent of the ex
pense in running that kind of
business is not in giving service.
It’s in collecting your money. It’s
legitimate, but tragic in a sense
that the part of society which can
least afford it ends up paying
three times the price.”
Chicken Fried Steak w/Fries
Soup and Sandwich
Quiche
Sausage steamed in Beer
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HOW DOES $90,000
A YEAR GRAB
YOUR ASSETS?
Accountant $29,744/yr*
Attorney $56,964/yr*
Chemist $48,961/yr*
Engineer $45,221/yr*
LUBY’S MANAGER $90,000/yr
Seem hard to believe? The average Luby's Cafeterias, Inc. manager did earn
over $90,000 last year. The average training period to become a manager is 6 to
8 years. Managers attain these earnings by collecting a share of the net profits
from their own cafeteria. The average associate manager last year earned
$50,000. This earning level is attainable in 3 to 5 years.
To become a manager of one of our cafeterias is a very special business oppor
tunity. You'll be joining an ambitious and progressive company that requires
more of its managers than any food chain in the Sunbelt. Local managers are
decision making executives who are responsible for all purchasing, menu
planning, and hiring of personnel. We grant our managers a great deal of
autonomy, and treat them as business partners. Luby's Cafeterias, Inc. is a firm
believer in promoting from within; hence, most Corporate Officers are former unit
managers.
Luby's Cafeterias, Inc. is not restricting interviews to only Business majors; we're
open to all degrees. We're looking for people who are interested in becoming
dynamic, aggressive, and well paid business people. If that's your goal, then
we're looking for you!
’Average salaries; highest level of experience, difficulty, and responsibility, from
the National Survey of Professional, Administrative, Technical, and Clerical Pay,
March 1979 — U.S. Department of Labor, Bureau of Labor Statistics. Bulletin 2045.
INTERVIEWING AT YOUR PLACEMENT CENTER
FEBRUARY 24 AND 25.
liubryQs
LUBY’S CAFETERIAS, INC. 2211 N.E. LOOP 410, P.O. BOX 33069, SAN ANTONIO, TEXAS 78233
Lutay S is a Registered Trademark of Luby’s Cafeterias. Inc.