Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 75, No. 108, Ed. 1 Wednesday, January 18, 1989 Page: 4 of 18
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PAGE FOUR-A—Sapulpa (Okla.) Herald, Wednesday, January 18, 1989
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OPINION
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COMICS
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Politics affects economics
NEW YORK (AP) — Since
economic thinking periodically
succumbs to conventions and fads, it is
sometimes revealing and often wise to
- lake an oblique perspective, to look
from the side rather than dead on.
If you do, you may see some pet
nations assume a different appear-
ance, just as people in profile some-
times appear differently than they do
face to face.
Consider the notion, sometimes
expressed by the impatient, that the
trade deficit be cleaned up once and
for all during the next administration.
Why piddle around; let’s get it over
with.
But to do so would mean putting
people out of work, lowering real
incomes and retarding economic
growth. This would severely diminish
imports. In theory, it could be done —
but not without domestic and probably
worldwide recession.
Forced recessions used to be part of
economic policy, whether stated or
denied, and there are pure economists
around who still maintain that a good
recession is a wholesome thing for the
trade dcfict. Sort of like a purgative.
Today, however, economics is more
heavily dosed with politics than it was
in the immediate post-World War 11
years. Recessions, though they will
happen, are less likely to be a conscqu-
L.M. Boyd
EARLY FIGHTS
A round in the early prizefights
lasted until one fighter hit the dirt.
There, he had 30 seconds to rest plus
eight seconds to get up to the scratch
line drawn across the center of the
ring. If he didn’t make it in the 38
seconds, it was said he was “knocked
out of time”. That’s where we got
“knocked out”. It’s also where wc got
“Haring from scratch,” as previously
mentioned.
C v
Lacking a thumb, the infant
elephant sucks its trunk.
A Utah Slate University survey
J proves that 90 percent of the men who
own dogs talk at length to said dogs.
But it docs not explain what’s wrong
with the 10 percent who don’t.
ence of abrupt economic policy
changes.
Another issue deserving of a diffe-
rent perspective is that of exporting
jobs. It is a contentious one, often used
by labor in criticizing Washington’s
economic policy. By importing, it is
said, we’re shipping jobs abroad.
To which one economist, Professor
William Dunkclberg, responds:
‘‘Currently, we employ 62.5 percent
of our over 16 population, the highest
proportion in history. If we’re losing
jobs to foreigners, it’s hard to figure
where.”
Dunkclberg, dean of Temple
University’s business school, suggests
that if the thesis had validity the
evidence would show up as a decline
of manufacturing jobs. But it hasn’t.
Manufacturing employment is strong
again.
True, he says, there’s been a job loss
in unionized, protected automotive
and steel industries where, he claims,
wages were kept artificially high. But
jobs in some other manufacturing
areas have grown, along with
productivity.
How about foreign investment in
the United States, an issue that irritates
and provokes millions of Americans?
As they sec it, foreigners arc buying up
the United States. It’s economic
warfare, they say, and Americans are
losing.
BROWN EYES
Color of a woman’s eyes reveals
nothing whatesoever about her charac-
ter. You and I know that. Still, amateur
analysts continue to claim brown eyes
tend to be more expressive. So they
contend a woman with such eyes, if
and when she flirts, signals in a most
intriguing manner. In Love and War,
they say, nobody sends a message like
a brown-eyes woman.
In that book of yours, if the odd-
numbered pages aren’t on the right,
it’s a mighty weird book.
Q. I know Satchel Paige at age 47
was the oldest baseball player ever in
an All-Star game, but who was the
youngest?
A. Dwight Gooden at 19.
RUBBERSNAKE
Q. How can you tell a rubber snake’s
head from its tail?
A. Scare it. The end you then see is
the tail. Curious beast. As you imply,
its head and tail look alike. When
attacked, it hides its head in its own
coils and exposes its tail in the natural
hope the enemy will go for the wrong
end. Old rubbersnakes have bcat-up
tails.
Said a fellow in the barbershop:
“Talk about gifted children, you
should’ve seen our grandkids Christ-
mas morning!”
As recently as 1923 in some states,
you could be arrested for smoking in
public. History repeats, I’m told.
Today in History
By The Associated Press
Today is Wednesday, Jan. 18, the
18th day of 1989. There are 347 days
left in the year.
Today’s highlight in history:
On Jan. 18, 1788, the first English
settlers arrived in Australia’s Botany
Bay to establish a penal colony.
On this date:
In 1778, English navigator, Capl.
James Cook, discovered the Hawaiian
Islands, which he dubbed the ‘‘Sand-
wich Islands.”
In 1782, lawyer and statesman
Daniel Webster was bom in Salisbury,
N.H.
In 1862, the 10th U.S. president,
John Tyler, died in Richmond, Va., at
age 71.
in 1911, the first landing of an
aircraft on a ship took place as pilot
Eugene B. Ely brought his plane in for
a safe landing on the deck of the USS
Pennsylvania in San Francisco
Harbor.
In 1912, English explorer Robert F.
Scott and his expedition reached the
South Pole, only to discover that Roald
Amundsen had beaten them to it. Scott
and his party died during the return
trip.
In 1919, the World War I Peace
Congress opened in Versailles,
France.
In 1936, author Rudyard Kipling
died in Burwash, England.
In 1943, during World War II, the
Soviets announced they’d broken the
long Nazi siege of Leningrad.
In 1943, a wartime ban on the sale of
prcsliccd bread in the U-S — aimed at
reducing demand for metal replace-
ment parts at bakeries — went into
effect.
In 1970, Mormon President David
McKay died at age 96.
In 1976, the Pittsburgh Steclers
defeated the Dallas Cowboys 21 -17 in
the Super Bowl in Miami.
In 1978, the coliseum roof of the
three-year-old Civic Center in Hart-
ford, Connecticut, suddenly collapsed
under heavy rain and snow, hours after
4,800 basketball fans had left the
arena. No injuries resulted.
In 1986, the space shuttle Columbia
landed safely at Edwards Air Force
Base in California.
Ten years ago: Ayatollah Ruhollah
Khomeini, living in exile near Paris,
rejected President Jimmy Carter’s
appeal for cooperation with the new
civilian government in Iran, and
repeated his call for his supporters to
seize power.
Five years ago: Malcolm H. Kerr,
the ninth president of the American
University of Beirut, was shot and
killed outside his office by two
gunmen; Islamic Jihad claimed
responsibility
One year ago: An airliner crashed in
southwestern China, killing all 108
people on board, according to the offi-
cial Xinhua news agency.
Today’s birthdays: Movie director
John Boorman is 56. Singer-
songwriter Bobby Goldsboro is 48.
Comedian-singer-musician
Hudson is 36.
SAPULPA DAILY HERALD
Published By Park Newspaper of Sapulpa,
Inc
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ARLO A JANIS
This one demands perspective, to
wit:
One reason net foreign investment
has grown is that Americans, them-
selves, are investing more in the
United Stales and less abroad. Again,
Dunkclberg explains:
‘ ‘The reason we are doing this is the
same reason there is more foreign
investment here — the United Slates is
a very good place to invest!”
From a historical perspective, he
adds, growth has been the strongest in
the United States during periods of
strong foreign investment. When fore-
igners seek a good thing, they some-
times do a good thing: They make the
country grow.
Moreover, foreign investment
leaves hostages. Plants and buildings
they erect in the United States cannot
be taken home. “When things sour a
bit,” says the professor, “We can buy
them back at a lower price.”
In the meantime, shouldn't some
thought be given to foreign investment
in' terms of jobs provided, wages
earned, taxes paid, and products put on
the competitively priced marketplace?
It’s only a slightly different
perspective from the conventional
one, but it suggests the possibilities in
taking a second look at what might at
first seem to be one-faceted situations.
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WINTHROP
Brett
Thought for today: “History would
be an excellent thing if only it were
true.” —Leo Tolstoy, Russian author
(1828-1910).
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Lake, Charles S. Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 75, No. 108, Ed. 1 Wednesday, January 18, 1989, newspaper, January 18, 1989; Sapulpa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1503347/m1/4/?q=alien+smuggler: accessed June 16, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.