Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 67, No. 234, Ed. 1 Monday, June 15, 1981 Page: 4 of 10
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PAGE FOUR—Sapulpa (Okli.) Herald, Monday, Jane II, 1SS1
Sapulpa Herald
Notebook
Ed Livermore
Today’s Almanac
By United Preai International
Today is Monday, June 15, the 166th
day of 1981 with 199 to follow.
Hie moon is approaching its full
phase.
The morning star is Mars.
The evening stars are Mercury,
Venus, Jupiter and Saturn.
Those born on this date are under the
sign of Gemini
Norwegian composer Edvard Grieg
was born June 15, 1843
On this date in history:
In 1752, Benjamin Franklin
demonstrated the relationship between
electricity and lightning by launching a
kite during a storm in Philadelphia
with an iron key suspended from the
string.
In 1904, the excursion steamboat
“General Slocum" burst into flames on
the East River in New York, taking the
lives of 1,021 people
In 1960, Japan asked President
Eisenhower to postpone a scheduled
visit because of antiAmerican riots in
Tokyo
In 1963, Soviet cosmonaut Valery
Bykovsky was launched on a space
mission in which he orbited the earth 81
times.
A thought for the day: Scottish author
John Buchan said, “We can only pay
our debt to the past by putting the
future in debt to ourselves.’’
The Wagman File
Rescue plan
for the thrifts
The Lighter Side
Either way, it
needs mowing
THE WOMEN folks are pointing the
way in activities at the Sapulpa
Chamber of Commerce. And that’s
good.
JOAN MCKENZIE has the en-
thusiasm of a puppy in keeping her
citywide cleanup committee active. A
number of projects are underway, and
more are planned Take special note of
the improved condition of the downtown
streets and the areas around some of
the shopping centers in the city. Under
discussion is a "litter abatement”
onL.iance similar to the one which
gives the city the right to force property
owners or occupants to remove old
cars, cut weeds that block vision, etc.
CAROL Me MASTERS is chairman ot
Sometimes nothing fails like success.
Or to put it another way, • ou can
lead a smoker to the truth but that
doesn't mean he’s going to lead it.
That seems to be the message, or the
significance of the message, contained
in the report of the Federal Trade
Commission on its five-year study on
the effectiveness of the health warnings
that cigarette packages and ad-
vertising are required by law to carry.
Among other things, the FTC
discovered that fewer than 3 percent of
all adults exposed to the warnings are
bothering to read them.
And that makes discouraging reading
for those who have been waging a
public information war against the
hazards of smoking for decades and
scored their greatest legislative vic-
tory 16 years ago when Congress
mandated the warnings. These were
supposed to bring home to every
smoker every time he or she lit up the
risk being run.
The fellows in the U.S. Surgeon
General's office in particular may well
be asking themselves what they have
been doing wrong. The answer is really
nothing in their approach to the issue as
a medical problem. An immense
amount of research has been un-
dertaken on the negative relationship
between smoking and health and is
readily available to the public.
But smoking is more than abillion,
medical problem. It is also social and
psychological The pressures en-
couraging the smoking habit remain i
mmense in American society. Just
check the cigarette ads Even with
those subliminal warnings, the
suggestions of joy to be derived from
the produce ate overpowering. The
currently “in" ad features one or more
beautiful young people exulting over
the flavor of their poison to a degree
that could raise questions as to what’s
in those little tubes in addition to
regular tobacco.
Further, the capacity of individuals
to tune out truths they do not want to
know is awesome, as demonstrated by
some additional FTC figures. Despite
the intense informational effort of
government and private health
agencies, the study indicates that some
20 percent of the public is still unaware
of tobacco'ss much publicized and
debated cancer connection, and more
than 30 percent does not know that
smoking is a factor in heart disease
L.M. Boyd
the chamber's 50th Anniversary
Committee At the outset she promised
a year-long endeavor not just a one-
shot enterprise And she’s keeping her
word The July 4th citywide blowout is
another on her list And it promises to
be a jim-dandy She has the help of the
American Legion, VFW, and other
organizations to make the nation's
birthday a real thing of importance.
FOR YEARS the chamber of com-
merce enjoyed only one, sometimes
none, from the distaff side.
BUT with women occupying more
and more positions of leadership, it’s
not uncommon to see more on public
boards of all type.
IT'S A GOOD change of pace; long
overdue.
Among women, it is news to almost half
that smoking increases pregnancy
risks
And there is more. The problem is
also politically charged, as Joseph A.
Califano Jr. coincidentally confirms in
his current best-selling insider’s guide
to the Carter administration,
“Governing America."
The former secretary of health,
education and welfare takes time out
from analyzing various major and
minor political skirmishes between the
good guy iguess who9) and the bad
guys (virtually everyone else' in Carter
Washington for an illuminating chaptei
on his own involvment with smoking
and helath going back to the mid-60s.
As a key aide in the activist Johnson
administration, he had been unable to
persuade a persident who had firsthand
evidence in his own heart condition of
the consequences of smoking to move
forcefully on the issue. The political
obstacles raised by the tobacco growing
and processing industry in this case
outweighed the social goal.
Similarly in 1978 when, as a cabinet
member, Califano was in a position to
launch his own anti-smoking campaign
and did so with highly publicized zeal.
His support from a president whose
own convictions and lifestyle should
have made him the firmest of allies was
muted at best. Again, the political
price of fighting this particular good
fight was too high.
But back to the warnings. The FTC
thinks the problem may be that they
have simply become too familiar, and
the message stale. It suggests the
possibility of several differently
worded warnings, such as are used in
Sweden, each emphasizing the con-
nection between smoking and a dif-
ferent ailment. Such a change would
require action by Congress, and
inevitably more politics.
That is not a prospect to encourage
the anti-smoking crusaders. Con-
sidering this administration's laissez-
faire philosophy and its dominance of
the governing processes, the chances of
a legislative success appear slimmer
than at any time in the last two
decades.
In the light of the FTC findings, the
anti-smokers might have better luck if
they ceased attacking the health issue
head on and pressed instead for a
remedial reading campaign.
WASHINGTON (NEA) - As reported
previously, the nation’s savings and
loan associations are in bad financial
shape. These so-called "thrift in-
stitutions" are being forced to pay high
interest rates on the money that they
borrow from the government and from
commercial banks while receiving
their income from loans made at
earlier, much lower rates. The result
has been a continous flow of red ink that
is threatening the whole system of
savings and loans.
Dale Riordan, a spokesman for the
National Savings and Loan League,
says that U.S. thrift institutions lost
$688 million in the first three months of
1981. He forecasts losses of about $1.5
billion for the first half of this year.
Others are predicting losses closer to
$2.5 billion for the first half and $6
billion for the year.
More than 90 percent of the nation's
savings and loans are insured by the
Federal Savings and Loan Insurance
Corp. That federal agency is the thrift
institutions' counterpart of the Federal
Deposit Insurance Corp., which insures
most of the nation’s commercial banks.
An average of fewer than one FSLJC-
insured savings and loan has failed in
each of the past 35 years. When a small
institution goes under, the agency
simply pays off its depositors and sells
its loan portfolio to another savings and
loan in the area. In other cases, the
FSLIC arranges the merger of the
failed savings and loan with a stronger
one in the area and compensates the
acquiring thrift for any losses suffered
in the transaction.
This plan works fine when the failure
rate is only one or two institutions a
year. But now the FSIJC has 251
institutions on its "problem list” of
those that must be watched closely
because of their financial conditions.
The list is said to be larger than ever
before and to be growing by the month.
An agency source says that if interest
rates continue at or near current levels
for the rest of this year - as many
forecasters think they will - as many as
150 thrift institutions may lose their
entire net worths and be at least
technically insolvent by year’s end.
Another 150 could become insolvent if
high interest rates continue into 1982.
The ' FSLIC is not equipped to handle
a problem of such magnitude. Its
reserves, which are used to bail out
failing institutions and to assist in
mergers, amount to about $6.5 billion.
Last year alone it used up almost $1
billion to rescue three savings and
loans.
Worse still is the near impossibility of
finding healthy savings and loans
willing to merge with insolvent in-
stitutions despite the FSLIC’s ability to
make up any losses incurred in the
transaction.
This problem was until recently
compounded by legal restrictions that
such mergers occur only between
savings and loans in the same state.
Although the FSLIC now can go out of
state to arrange mergers, few thrift
institutions are secure enough to be
viable partners for failed institutions,
especially those of any size.
The FSLIC has proposed an answer to
this problem that could change the
whole system of banking in this
country. The agency is seeking per-
mission from Congress to sell ailing
thrifts to commercial banks - even
those in other states
The proposal has drawn fire from
many commercial bankers - and
especially from the owners of small
banks. For years the nation's large
commercial banks have sought to
expand out of state over the opposition
of their smaller competitors, who
maintain that such a move would drive
them out of business Traditionally,
Congress has sided with the small
bankers and resisted the pressure to
allow this “multi-state-branching.’’
But multi-state branching will
quickly follow a decision to allow
major commercial banks to buy ailing
out-of-state thrifts. The small com-
mercial banks say that this would be
tantamount to signing their death
warrant.
If the small banks defeat the FSLIC
plan, the only real hope left to the
nation's thrift institutions is that in-
terest rates will somehow plummet
over the next few months. But no one
has much confidence that this will
happen
(Bobby Newton Says^
Jerry Falwell is checking the Bible to
see what it says about elections.
It must be open season on heads of
state
A wet chicken is a fowl-weather joke
SAPULPA DAILY HKKALI)
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■With newspaper there is sometimes ditordor without
them there Is always slavery Ben|omm Constant
By DICK WEST
WASHINGTON (UPI) - There are
times when the current tax debate
sounds something like a lawn care
manual.
President Reagan, as we know, says
a 5-10-10 formula would make the
economy grow best. He recommends
three tax cut applications — 5 percent
the first year and 10 percent the next
two years.
While this is a switch from his earlier
endorsement of the 10-10-10 formula,
many congressional Democrats insist
the mixture still is too rich.
Democrats tend to favor just two
applications, although some would
rather give the economy but a single
treatment and then sit back and see
what happens.
Both sides seem to agree it wouldn’t
do much good to fertilize with tax cuts
as long as the economy is overgrown
with federal programs. So the present
plan is to spray the economy with a
powei.ul fundkiller before applying 5-
10-10 or any other tax cut formula
The theory is that thinning out federal
programs will give more desirable
private projects room to take root and
sprout. And maybe it will.
Anyway, the conventional wisdom is
that fall is the best time to apply a tax
cut — particularly in an election year.
The experts say spring applications
may cause the economy to grow too
rapidly, allowing inflation to spread
and actually weakening the root
structure.
They say an economy that is shot
through with inflation has less chance
Women are running away with
themselves.
The 1984 Olympics will include a
women’s marathon for the first time
since the modern Games started in
18%.
The Jocks and women runners
already know this, but it is for the rest
of us to fully appreciate the significance
of the breakthrough.
Just think, up until now Olympic
rules permitted women to run only in
races less than a mile.
What nobody knew until recently was
that “protecting the weaker sex" in this
way kept women from learning that in
ong-distance races, like marathons,
they could wind up running as fast as
men and have a better chance of en-
during to the finish line. Body
chemistry is on our side. We carry
more body fat (mostly in our thighs and
derrieres, darn it), and after a couple of
hours in a race, our system is better at
converting fat into energy
Other running experts talk about
women’s tidier, more-at-ease,
economical running style, their longer
strides and how women seldom “hit the
wall.” That’s runner-talk for the
sudden agony of painful and complete
exhaustion.
It takes your breath away to realize
that just 10 years ago, no woman could
officially enter a marathon. Oh, she
might sneak in once in awhile, as did
Roberta Gibb of Winchester, Mass. She
hid in the bushes until the gun sounded
at the 1966 Boston Marathon, then
slipped into the pack unnoticed and
covered the entire 26.2 miles.
The next year, Kathy Switzer was the
first woman with an official number on
her bosom - though she only got it by
entering as "K. Switzer." Halfway
through the race, an official saw her
femaleness” and confronted her, but
she ran on into headlines and history,
thanks to a boyfriend who decked the
official with a hammer blow to the chin.
It wasn’t until 1972, however, that the
« ou. ..ring longer summer periods ot
stock market slumps and dollar
shrinkage
There likewise is a danger that in-
terest rates will spring up too high,
preventing the seeds of economic
recovery from germinating
But in the fall, the right tax cut for-
mula will promote healthy growth and
put the economy in better shape to
withstand such winter shocks as the
Christinas shopping season. Or so the
experts claim.
The warnings we hear most often are
that the 10-10-10 and 5-10-10 mixtures
would mainly enrich the upper end of
the economy, leaving barren spots in
the middle and practically starving the
lower end.
Democrats contend the alternative
formulas they have proposed would be
more conducive to level growth.
If there were a greening of take-home
pay, that would be a pretty good in-
dication the formula would benefit the
middle part of the economy.
But if a thick mat of inflation choked
off income gains and prevented them
from maturing into savings accounts,
that would be evidence the complaints
about the administration formula were
well taken.
I personally feel more experimenting
should be done before Congress and the
administration finally settle on a tax
cut formula. I would like to see various
formulas tested on small patches of
taxpayers before being applied to the
economy as a whole
Having some guinea pig tendencies
myself, I would even be one of the
popular Boston run added a women's
division. This year, New Zealand's
Allison Roe ran it in 2 hours 26 minutes
46 seconds Dubbed the "tall, blond
whippet,” she finished 17 minutes
behind the male winner - and ages
ahead of most of the men.
Four years ago. runner-author James
!■ ixx predicted: One day a woman
will run the marathon in 2 hours 23
minutes " That day is only minutes
away
I just met a woman named Sue Alice
Erickson, who's typical of the
thousands of women runners today.
Her love affair with running began five
years ago when, as a nurse, she was
helping rehabilitate cardiac patients.
“Running was prescribed as part of
their recovery routine,” she relates,
“and I ran with them, checking, at
intervals, their blood pressure and
heart rate.
"I noticed that while the men ran flat-
footed and used their knees like a hinge,
I ran on my toes and used my knees like
a swivel, swinging out my legs. That
was a carry-over from my years in
narrow skirts and high heels.”
She did better when she copied the
men’s style. “Suddenly I was ‘into’
running, and all that means: correct
shoes, correct technique, correct
training, occasional injuries, the whole
bit.
“In the beginning, I was happy to do
three miles a day, then I thought, why
not go for the long runs', Now, when I
train for marathons, I run 20 miles
hree times a week ” She has run
narathons in Boston, Phoenix and
\venue of the Giants in California.
“Running gives me a mental high,”
she says “It keeps down my weight,
blood pressure and dress size. Makes
me feel good.” Other values: a run-
ning-free feeling, an independence and
i sense of self-worth.
Her enthusiasm is contagious. When
i made plans to see her, she said,
"Wear something to run in.”
Commentary
Do you smoke
or read?
Rusty Brown
She’s in the running
Love laughs at sniffles
People who’ve just fallen in love rarely have colds during
the heighr r.f the romanees. No, I didn’t make that up. It
i* the claim of a French doctor who researched a sizable
sampling of newlyweds.
in the town square at GriggsvilJc, 111., is a 540,000 bird-
house With more than 1,000 apartments. For purple martins
A survey of 1,200 people named Jones revealed that
most Joneses oppose the Women’s Liberation movement.
First of the machine-made cigarettes were Camels at 10
cents a pack
CRACKLING FIRE
Q. People close their eyes when they kiss to heigh ter
their senses, right?
A. Some say so. It is also said, however that thev close
their eyes, because close up if they look at each other, they
have to do so cross-eyed. That’s uncomfortable
O- Why is that tree called a dogwood?
A. Because a concoction brewed from its baric was once
thought to cure dogs of mange.
O What are the most fearless creatures in the jungle?
A. W'aspr, some say. At least, no animal tries to stand up
to them when they attack.
Q. Why does a wood fire crackle?
A. Water in the logs turns to vapor, expands, ruptures
the wood.
FEINT OF BOXERS
Two sidewalk pedestrians on s collision course tend to
sidestep one way and then the another in a small comic
dance. You’ve no doubt been momentarily baffled by such
feints. Curiously, it doesn’t happen, unless toe two are
looking at each other's eyes. When either glances away,
they both can proceed. Many a professional boxer thinks
a similar phenomenon occurs in the ring. To avoid getting
locked up that way, a fighter who so believes looks at the
opponent’s chin rather than the eyes.
Worst hazard in the Arctic is neither the cold nor the ice,
but the haze. You can lose the horizons. Whether you’re
in the air or on the ground, it demolishes your sense of
balance. Not only do directions get mixed up, you can even
become confused about up, down and sideways. Or so say
the experienced northmen.
I
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Lake, Charles S. Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 67, No. 234, Ed. 1 Monday, June 15, 1981, newspaper, June 15, 1981; Sapulpa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1503954/m1/4/: accessed July 16, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.