Altus Times (Altus, Okla.), Vol. 67, No. 206, Ed. 1 Monday, August 28, 1989 Page: 3 of 12
This newspaper is part of the collection entitled: Altus Times-Democrat and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
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Altus (OK) Times, Monday, August 28, 1989 3
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average of 30 industrial stocks, the further profit deterioration.
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of the economy and profits that die- earlier, second-quarter earnings of
X AUGUST
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With the
H&R BLOCK
NOW OPEN
BX carnival Sept. 1
For More Information
CALL NOW 482-7614
301 East Broadway Altus
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Sgt. JAMES A. VEATCH
ALLERGIES?
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Sale price* effective through September 3, 1989
536-0071
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Keds Canvas Sneakers
for Women
Hayfever?
Sinus?
indications of support are no
stronger. Compared with a year
David Maury, MD, FAAFP
Starting April 15-9 AM -1PM
all time, and to some unmeasured
degree they have an impact. But
when the cheering stops, it’s the pace
Freckles the Clown hands Stacy McDonald a balloon
with an invitation to the Main Exchange Carnival
Sept. 1 to 3 attached. Stacy is the daughter of SSgt.
Gina R. McDonald of the 340th Air Refueling Wing.
(U.S. Air Force photo)
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Kansas is a Sioux Indian word for
“south wind people
The average depth of the Pacific
Ocean is 12,925 feet
The United States is the world s
largest producer and consumer of
lead metal
drawings.
At the grand opening ceremony at
4 p.m. Sept. 1, Col. Edward S. Bran-
num, 443rd Military Airlift Wing
commander, and Altus Mayor Boozie
McMahan will cut a ribbon.
the 30 companies were down 5 per-
cent.
Many things move stock markets,
and percentages such as these are
only one of them. But there’s one
thing you can say about declines in
profits or declines in the rate at
which they are rising: They cannot
be ignored.
Eventually, stock prices and earn-
ings must reconcile their dif-
ferences. They cannot go separate
ways for long, any more than the
human heart and lungs can operate
at their own individual tempos.
Perhaps a better indication of the
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IMPRESSIONS
123 E. Commerce 482-4032
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The Most Comprehensive
Evaluation in Southwest
Oklahoma!
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BALLOON
SPECIAL
A For All
D Occasions
9
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7/ 5
Hours: Monday-Saturday 9:30-8:00;
Sunday 12 Noon-5:00
THE LAWTON FAMILY
PRACTICE ALLERGY CLINIC
■ry?
1 ------------------------------------------------------------------------------------------------------
Veatch plays
numbers game
in Air Force
Reg. 21.99. Keds® sneakers are the classic, casual
shoe women have been wearing for years. The
lace-up style sneaker has a 100% cotton canvas
upper that’s machine washable. In black, white,
red or navy. Women’s sizes 5-10.
Balloon
Bouquet
$1000
NTHONVS
1 We’re Good at Making You Look Great!
Bunker Hill Center
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The Falcon
Lounge
Located At Falcon
Inn Motel
2213 Falcon Rd., Altus
482-4726
We Also Cater Buffet Parties
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ALTUS AFB — The Base Ex-
change Carnival will be held Sept. 1
to 3. The carnival will be located in
the grassy area on the north side of
the exchange. It will be open to the
Altus community.
The carnival will feature 45 dif-
ferent booths with games, and con-
cession sellers with clocks, jewelry,
pottery, crafts, custom printing and
license plates.
Also featured will be food booths
with hot links, funnel cakes, popcorn,
ice cream, taco salads and nachos.
Entertainment is planned
throughout the weekend and will in-
clude dancers, vocalists, a clown
costume contest and entertainers.
Music will be: Sept. 1 — The Full
House Band; Sept. 2 — Borderline;
and Sept. 3 — Ambush.
The main exchange will have ven-
dor demonstrations, specials and
Anthony’s Credit
Card ... the Smart
Shopper’s Choke!
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The Gang’s
All Here!
MA, A----
■ Benefit from the seemingly ever ■ Help others prepore their own tax
changing tax laws! returns
■ learn how to prepare your own tax ■ Enroll today1 Classes start September
return with confidence! 7. 1989
By SSgt. MICONNA MOELLERING
Base Public Affairs
ALTUS AFB — Sgt. James A.
Veatch, 1600th Management
Engineering Squadron, Detachment
3, plays the numbers game in the Air
Force.
As a manpower management
engineering technician, Veatch
builds manpower standards for units
that are reviewed annually and then
reapplied. Manpower standards are
determined by the unit’s mission, the
work it takes to complete the mis-
sion, the time it takes to do the work
and the number of people it takes to
do that work.
“We go to the work centers and
determine what work has to be
done,” he explained. “Then we use
the statistics with our equation that
determines the unit’s manpower.”
The amount of manpower needed
to accomplish a mission according to
the standard does not guarantee the
unit that number of people. “Our
studies give authorizations but if
MAC cannot fund the people, then it
becomes an unfunded requirement
or IOU," Veatch pointed out.
The sergeant visits different units
and sections and learns what they do,
how they do it and how long it takes
to complete the job. This is his
favorite part of the job, learning
what everyone else in the Air Force
does.
He wasn’t always in MACMET. “I
began in personal affairs at Nellis
AFB, Nev., and cross trained in late
1984," Veatch said. "To enter this
career field you must first have prior
Air Force knowlege by being in
another career field; you can’t get
into this career field right out of
basic training.”
The prior knowledge he speaks of
is the basic Air Force language,
chain of command and organization.
Veatch explained that when applying
for the retraining, he had to take an
extensive math test and be inter-
viewed by the local MACMET com-
mander before being accepted into
the field. Then he attended a 10 week
course at Keesler AFB, Miss.
Veatch entered the Air Force after
graduating from high school in
Quanah, Texas in 1981. His sister, be-
ing an officer in the Air Force, talked
him into joining. "I thought, why not
let the Air Force help pay for my col-
lege eduction?" said the sergeant
who plans to apply to Officer Train-
ing School after completing his
bachelor of science degree in voca-
tional education.
He is currently attending Southern
Illinois University and will complete
requirements for an associate’s
degree in personnel administration
. this month.
Veatch received the Academic
Achievement Award in 1988 from the
Non-commissioned Officer Leader-
ship School at Bergstrom AFB,
Texas, and has two Commendation
Medals to his credit. He enjoys hun-
ting, fishing and attending school.
His father, Donald D. Veatch, still
lives in Quanah. Veatch and his wife,
Geneva, have a son, Robert.
KerA..ado
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tate prices.
The consensus forecast is for the
economy to grow slowly, just skir-
ting recession. The corporate profits
outlook is for a loss of momentum, a
decline in the rate of growth. It is
happening already.
Conceivably, the stock market
could “see” something the
economists don’t. It wouldn’t be the
first time it has foreseen better or
worse times than the consensus
forecast. It could happen again.
Whatever, the scaffolding for stock
prices is stronger now than it was
before the October 1987 crash, when
enthusiasm alone seemed to carry
the market for several hundred
points.
Whether it is sufficiently strong is
debatable.
Wright Investors’ Service, which
relies on numerical rather than
X •,!.!»!« «d
Cheering the market on
By JOHN CUNNIFF oratorical evidence of support, ad- future might evolve from a govern-
AP Business Analyst vises a look at the profits picture, ment report due to be released this
NEW YORK (AP) — When the specifically the slowing of the rate at week, the Commerce Department’s
first 4-minute mile was run it which profits are rising. estimate of “real" corporate profits,
generated enthusiastic forecasts of a With reports in from 90 percent of Wright believes the 7-year bull
3-minute, 50-second mile to come, the companies making up the Stan- market has had a sound basis for
When a high-jumper achieved 8 feet, dard & Poor’s 500-stock index, much of its life, since operating pro-
sports enthusiasts said man could go second-quarter earnings are fits — excluding profits from price-
higher. estimated to have risen only 5 per- inflated inventories and adjusted for
Same thing in stocks: Records cent from the same period a year depreciation — did rise substantial-
create excitement and enthusiasm ago. That’s hardly bullish. ly.
for more. When the Dow Jones in- That second-quarter performance But, it adds, over the past three
dustrial average reached a new high appears even weaker when com- years operating profits haven’t been
last week you could hear the roar of pared with the first quarter’s year- as impressive as they were earlier in
the boosters seeking even greater over-year increase of 22 percent, and the expansion. In fact, it says,
heights. with a 36 percent increase for the en- they’ve been unimpressive, and
It might work. It might not. tire year 1988 vs. 1987. becoming more so.
Excitement and enthusiasm have As measured by perhaps the most It expects this week’s Commerce
been ingredients of stock markets for popular index of all, the Dow Jones Department report to show signs of
28588588 22
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ANDREW'S
BACKYARD
Child Care Center
309 N. Benson Q
OPEN 7 am to 11 pm Mag
FEEL FREE TO COME VISIT2E*
or CALL 482-2979 Ee
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Lomenick, Rick. Altus Times (Altus, Okla.), Vol. 67, No. 206, Ed. 1 Monday, August 28, 1989, newspaper, August 28, 1989; Altus, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc2119482/m1/3/?q=j+w+gardner: accessed June 23, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.