The Battalion. (College Station, Tex.) 1893-current, January 20, 1983, Image 5

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    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
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inf:p
, under
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lx* subsuniii
igt* scales pan:
PSA to its He
BranilT pda
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would recent
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have not
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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;
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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.
Listen...
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I
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Display your system beautifully in the
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AR 177
$189
$149 JVC
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The KD-D20 has soft-touch full logic
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JVC
I C' O You won't find a better linear-tracking
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$129
Hitachi's DK-22 cassette deck has soft-
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cj|
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$249
f\f\ r 7 Dual’s top of the line lurntabie is on sale
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NR-
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qz? • # Ti ?: j£. 5:?£
The NR-700 has 45 watts per channel and
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The HQ-500 by Nikko has six bands per
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3300
$129
Make and receive calls as far as 700 feet
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SHARP
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$488
The Sharp 8000 system includes amplifier,
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XR-50 The Sony XR-50 has digital readout and
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5300
Music search, auto reverse, and Clarion's
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sound VA source
SS-12
The SS-12 by Sound Source are three-way
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College Station
693-9558
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846-1768
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All power ratings minimum RMS both channels
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