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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Jan. 20, 1983)
ttalion%f* lanuary 20,1 state Battalion/Page 5 January 20, 1983 e( i Layoff benefit adds incentive whether ti r sa 'd he fireii|; United Press International himself. W HOUSTON — The slow Werner housing market has promp- t* gun in thef t ted one developer to offer answered: new homebuyers two years 11 Policearrhej worth of free layoff insur- ihorhood. Iance. kill him." W As an extra incentive for 1 wept as he itew home buyers, Skillmaster fell very Builders Inc.'is buying layoff avis' mothen coverage for its customers, I had killed it Wiley Wisely, executive vice e the mos president, said. Skillmaster is rson candoit a subsidiaift t>f \ ista Prop erties, Inc., of Vero Beach, Borida. The insurance would cover monthly house pay ments for six months in case ■* -4- ol a layoff. ■ “We’ve had some home ^ sales canceled because of ex- ■ected layoffs, and we’re trying to go back and see t hose S~\ n JeopTe now that we have ^^jV Byoff insurance,” Wisely said. ■ “We pay the premium at no charge to the home buyer. We ■on’t add it to the price of the house.” Savings bonds a ‘good deaf fk-il inf:p , under nerit, "ae,— d ps.wtJI lx* subsuniii igt* scales pan: PSA to its He BranilT pda t S85 an not! would recent ur. aect’s senior have not hances ofb pokesmanfor^ „ * United Press International IHOUSTON - Lady Bird nplovees o O hhson, former Representative g()mtomen^p 3ara j or( j an an d former Ik iicIiu p > res i(j en t Gerald Ford joined . fe es Tuesday and urged 1,1<>n , t0 * Americans to invest in their gov- ’sA is ct rnhient by buying new inarket- Uisiin, Sai ^,1 interest bearing U.S. Sav- iili ss.i.Bonds. rM' rhev ( savin g s bonds) make in, bewail tejsy for citizens to save money f ‘ lv ’ 1 ind they help the country fi- )maha ami )ance i ts m any activities and its nany responsibilities,” said Jor- lan, now a professor at the LBJ iool of Public Affairs at the {University of Texas at Austin. “ Thrift is a virtue and it needs o be positively encouraged. There is no easier, no safer, no [nore convenient way to save than by buying U.S. Savings bonds,” she said. Jordan called savings bonds a good bargain” for both con- umers and the government, he said they are especially help ful to small savers because they can be bought in units as small as $25 and double in value if held to maturity. Johnson said U.S. Savings Bonds were the first investments she and the late President Lyn don B. Johnson made after they married in 1934. She said she has purchased government sav ings bonds ever since. “I always felt like a happy shareholder in this country,” The policy is being under written by Republic Van guard Insurance Co., a Phoenix, Ariz., company own ed by the Dallas-based Repub lic Financial Service Inc., Joe Tipton of Kennell 8c Co., an insurance agency, said. “The basic coverage is for up to six monthly mortgage payments if the breadwinner should lose his job because of being judged redundant by his employer,” Tipton said. “The coverage is good even if the insured is unemployed be cause of refusing transfer to a widget factory in Waukegan, 111.” Wisely said the monthly principal, interest, taxes and insurance on the insured house are covered by the policy. “A 30-day period after the layoff is required before the coverage is effective. idv Ini \ 5-pak 9 Now you know r , . United Press International SACRAMENTO, Calif. — Here’s a clipping to tuck in your pocket or purse as a reminder to take it easy at holiday parties: , If you’re dieting but always hungry, look to raw vegetables to stave off that hungry feeling. H According to the California jHietetic Association, the least- fattening snack vegetables are cucumbers, 13 calories a cup; Get Your Xerox Copies °*3«& at Northgate Above Farmer’s Market Inexpensive, High-Quality Copies We Specialize In REPORTS and DISSERTATIONS Also: Self-service copying, typing, reductions and enlargements, binding, resume writing, editing, business cards, wedding invitations, stationery and many other services. One-stop service for reports and dissertations. ON THE DOUBLE 331 University 846-3755 HOURS: Mon.-Fri. 7 a.m.-IO p.m. Sat. 9 a.m.-6 p.m. Heating costs may increase New gas controls opposed celery, radishes and zucchini, 17 calories a cup each; green pep per and tomatoes, 22 each; then cabbage, 24; mushrooms 28; and broccoli, 32 calories per cup. All are part of the vegetable and fruit category in the four- food group system endorsed by the association for maintaining good nutrition. The other groups are milk, meat, and breads and cereals. United Press International WASHINGTON — Even though some Americans are un able to pay rapidly rising natural gas bills this winter, the head of the American Gas Association believes Congress should avoid imposing new price controls. George H. Lawrence, who leads the group representing distributors and pipeline com panies, said there is a real “threat” the new Congress will want to impose price controls but that would hinder the ongoing deregulation of gas prices. On Tuesday Lawrence told the National Energy Resources Organization it is essential the phased-in deregulation con tinue as scheduled through Jan. 1, 1985. He acknowledged there was public pressure on members of Congress to act to relieve high gas bill woes, but he said there was adequate response in the private sector to help the “small amount” of people enduring a winter without heat because they cannot pay their bills. “We cannot let the plight of these people be the tail that wags the dog and influences energy policy,” he said. Lawrence said there were sev eral aid programs in the Kansas City area, where “prices have gone up 40 percent the year be fore and 37 percent last year.” “Kansas City is a very volatile consumer area,” said Lawrence, a native of Bartlesville, Okla., and a petroleum engineer regis tered in Texas. “They still have the second lowest gas rates in the country.” It was the outcry, he said, that prompted Sen. Nancy Kasse- baum, R-Kam, to sponsor un successful legislation , also signed by Missouri Sens. John Dan forth and Tom Eagleton , to freeze prices at the wellhead for two years and allow the Federal Energy Regulatory Commission to modify such things as the pass-through charge. “She» had the consumers of Kansas City on her back and the producers of the Hugoton Field on the other end of the state,” he said. An aide to Kassebaum said Tuesday the senator planned to reintroduce the legislation. Lawrence said if such legisla tion passes, it will disrupt the “orderly transition” of the phased deregulation of “new” natural gas from wells drilled af ter 1977. Lawrence said hopes of accelerating decontrol of old gas were “dead” because it would be perceived as “increasing prices and it makes the gas industry a sitting duck for an excise tax.” He said the ACA favors: —Avoiding any acceleration of deregulating new gas because “by the time you argue all these things you’re talking about a year and you’re going to buy yourself a lot of difficulty.” —Repeal of the Fuel Use Act which bans the use of new gas in industrial boilers. —Elimination of the takerpa)? provisions whereby pipeline companies that signed contracts for higher-priced gas under the false assumption the gas crisis would continue now are forced to take the gas at the high prices whether or not they need it. ; Johnson said. Texans bought a record $ 125 million in savings bonds in 1982, Johnson said. Officials hope to increase that figure by about 10 percent. Ford forecast a renewed popidarity in U.S. Savings Bonds because for the first time their interest rates are based on market interest rates. The new Series EE savings bonds guaran tee a minimum interest rate of 7.5 percent and have no interest rate ceiling. “With the new proposals which provide a rate of return based on the average market in terest rates with a floor of 7.5 percent, the individual investor is not only given an opportunity to compete out in the open mar ket, but there’s a savings feature that prevents any loss,” Fore} said. “Savings bonds are a good deal for Americans, they’ve been excellent for the purchaser and they’ve been a critical aspect of governmental financing.” An estimated 23 million peo ple hold U.S. Savings Bonds, which account for nearly $68 bil lion of the government’s debts, Ford said. Ford, Jordan and Johnson made their comments following a board meeting of Texas Com merce Bancshares Inc. of Hous ton. All three are board mem bers of the corporation. 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