The Palm Beach Post from West Palm Beach, Florida on November 20, 1968 · Page 7
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The Palm Beach Post from West Palm Beach, Florida · Page 7

West Palm Beach, Florida
Issue Date:
Wednesday, November 20, 1968
Page 7
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Page 7 article text (OCR)

Palm Beach Post, Wednesday, Nov. 20, 1968-7 Economists Find Slowdown Late Purchased Factory Outlet of 500 Prs. Slacks originally $10.95 Now $500 fJ) One Week Only Finchlef's RIVIERA SLACK BAR 2505 Broadway, Riviera Beach Corner Blue) Heron Rood reduce government expenditures rapidly enough to permit the surtax to expire on June 30. it would help "to reduce the pressure on the economy and so facilitate progress toward relative price stability," the memorandum said. the government, if. as appears likely, business is slowing and unemployment is rising." An end to the war in Vietnam, the Republican executive said, would provide "one ray of sunshine." While an end to the fighting would not Judging by the record in 1968. the banker asserted, "this will not prove possible." "It seems clear," he went on. "that progress toward renewed price stability will require continuation of the tax surcharge along with strict expenditure control, and by strict expenditure control I mean control at least equivalent to that imposed by the Congress in the tax surcharge legislation." "Such a policy," he said, "will call for political courage of a high order on the part of a level of price restraint such as characterized the 1958-1964 period." "So next spring." the ban er said, "the new administration will be faced by a difficult choice whether to continue the surtax and the policy of expenditure restraint in the face of a business slowdown." "If the surtax is not continued." the memorandum went on. "it will be necessary to find $11 billion or $12 billion of additional savings to take its place." TONIGHT ON Q (C) Ntw Yrk Timn Nwi Strvici NEW YORK - "The halo around economists has in recent weeks become a bit tarnished." William C. Ereund. economist for the New York Stock Exchange, remarked the other day. "When the 10 per cent I tax surcharge became effective in July." Freund said, "most economists and I would not exclude myself proclaimed the likelihood of a business slowdown." The slowdown, of course, has been much later in coming than had been expected a fact that has not only been embarrassing for economists, but has posed some acute policy problems for the incoming Republican administration. Richard M. Nixon clearly committed himself during the election campaign to ending or reducing significantly the AI)V KH I lKMKM The Other Day We heard that a traffic export decided that the two greatest highway menaces are drivers under 25 going 65 and drivers over 65 going 25. Police Spying Methods Rapped : v 7:30 DAKTARI 8:30 THE GOOD GUYS 9:00 THE BEVERLY HILLBILLIES 9:30 GREEN ACRES surtax as of next June 30. At the same time, he pledged an early end to the mandatory controls on overseas investments by American concerns. The question is. with the rate of business expansion, as the Federal Reserve Bank of New York has put it. "still higher than what is considered sustainable in a full employment economy." how much freedom the incoming administration will have to accomplish its aims. Some prominent Republicans have been suggesting that Nixon may have far less room to maneuver than he would like. A prominent Republican banker who has been widely mentioned as a possible member of the Nixon cabinet, has been quietly circulating a memorandum that argues that "political courage of a high order on the part of gov-ernmet" will be called for if inflationary pressures in the economy are to be controlled. The banker, who has held high government posts in the past, would not allow himself to be identified by name, but he furnished a copy of the memorandum to the New York Times. "So far the slowdown has been slight." the statement said, "but I expect that it will become increasingly evident during the coming months." "I do not foresee anything that could be labeled a recession next year." the banker continued, "but unemployment could easily increase to well over 4 per cent, (from 3.6 per cent at present), industrial production could remain relatively flat, as it has for the past two or three months, and excess capacity could grow. Should these things happen, business profits would surely shrink." "But even if this happens during the first half of next year," the banker continued, "it will not be enough to end the wage-price spiral. It will help to restrain it, but a considerably longer period of restraint will be needed to reach JONATHAN WINTERS SHOW 10:00PM WITH GUEST STARS AUDREY MEADOWS, MERV GRIFFIN AND DANA VALERY. PASSWORD 7:00PM HOST ALLEN LUDDEN WITH SPECIAL GUESTS ARLENE FRANCIS AND SKITCH HENDERSON. vidual cases, "rather than on a broad attack against the whole crime picture. " The regular arrest of less important criminals is one result of the quota system because the arrest of the leaders is far more time-consuming. The failure to mount a more effective counterattack against gambling and the sale of illegal narcotics also grows from the fact that no individual detective however good his sources is able to devel-i op a comprehensive picture of the intricate interrelated alliances responsible for much of the city's crime, according to Brown. Then we read that at a constant speed of WTVJ jJ y 65 MPH you can drive HX) hours, but if ffj f an W M mtmf you have accident chances the of someone being killed are one In six. At 55 MPH the time to go the same distance Is about an hour more but in an accident the chances that someone will be killed are cut in half. You take no chances when you do business with us! Stewart Pontiac Co., 1928 South Dixie, West Palm Beach, Florida. PALM BEACH MALL (C) New York Times Newj Service NEW YORK - The criminal intelligence system used by the police of New York and many other cities to control narcotics, gambling and vice almost inevitably leads to corruption, according to a study by a former officer of the police department here. The study found also that the present intelligence system reduced the effectiveness of law-enforcement agencies by encouraging the arrest of low-level criminals rather than their leaders. William P. Brown, a former New York Police inspector who is now a professor of criminal justice at the State University of New York at Albany, reached his conclusions in an analysis of the police use of criminal informants. Dr. Brown called on police departments to abandon the intelligence system under which informants are known only to individual investigators and to adopt the centralized investigative procedures that he said were used by most federal and state law-enforcement agencies. While deploring the corrosive potential of informers, Brown said they were necessary. He recommended that along with tighter controls the police sharply increase the funds available for buying information. He said that at the present time "buy money" was so limited, detectives were forced to use more questionable methods to get their information. Brown, who served for 22 years on the New York Police Department, said that as long as information-gathering practices remained unchanged, "corruption and inefficiency will continue in these difficult areas." Brown said the central stumbling block to a more efficient, centralized and less corrupt criminal intelligence system was the "extraordinary durable, seldom contradicted premise" that "the informant must remain anonymous to anyone other than the officer who has developed him." The former police official said that this meant the individual detective had to develop a cooperative arrangement with criminals, which sometimes leads to open payoffs. Another problem, he said, comes when a detective "has contributed his share of information and arrests for one month" under the informal quota system used to measure the productivity of individual investigators. At this point, the ex-inspector said, it may well be wiser for the detective to hold off additional information and arrests "until the next month comes along." Often. Brown continued, the detective concentrates on indi- Literary Prizes PARIS' (L'PIl - France's two top literary prizes will be awarded Monday. 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Illustrations enlarged to show detail. For Miquel is only one of the fine artisans throughout the world who fill our Seven Seas Shop with treasures and trinkets. Remember that. It'll come in handy someday soon when you want to give a gift with a little love in it. SHOP RICHARDS. 1st Floor VMM IlKACII MAI L SIIMltYS II to 6 Ph. 6.-9()(M) Gingress IJIvd. at l-V.i ; ' hM&l . .iff' X7J m ij M0 , fftTfe;i Sot Morning and afternoon jets to Atlanta Delta jet connections to Midwest and Far West. Leave West Palm Beach 7:10a l:16p Arrive Atlanta 9:31a 3:24p Direct connections for Chicago, Detroit, Dallas, California. Jetourist fare, only $37. Add tax. Delta's ready when you are! 1M ?4l p 1

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