Albuquerque Journal from Albuquerque, New Mexico on November 12, 1984 · Page 49
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Albuquerque Journal from Albuquerque, New Mexico · Page 49

Albuquerque, New Mexico
Issue Date:
Monday, November 12, 1984
Page 49
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BUSINESS OUTLOOK WEEK OF MONDAY, NOVEMBER 12, 1934 Page 1 5 Lin RICHARD G. WORTHEN has joined American Business Interiors in Albuquerque as director of design. A professional member of the American Institute of Interior Design, Worthen is active in both contract and residential design. For the past 12 years, he was president of Richard G. Worth-en Design Associates, headquartered in Albuquerque. City Initial Market For New Bourbon Albuquerque has been chosen as one of two initial distribution points for Blanton's Bourbon, a Kentucky sour-mash whiskey marketed through Ancient Age Distilling Co. The hand-labeled, limited-edition bourbon was introduced in Albuquerque by New Mexico Be verage. The bourbon was introduced in Atlanta at the same time and will be available nationwide before Christmas. Only 2,500 cases of the Kentucky straight bourbon will be released this year by Blanton Distilling Co. The special-reserve bourbon, aged in charred-oak "sugar barrels," is filtered and bottled by hand, one bottle at a time. Each bottle has a handmade label showing the date on which the whiskey was dumped from the barrel, the barrel number, the warehouse-rack number and the special registry number. The 93-proof bourbon retails for about $25 for a 750-milliliter bottle, making it one of the most expensive bourbons on the market. Near 2 Million Facing Winter Without Heat By Jeffrey Mills ASSOCIATED PRESS WRITER WASHINGTON Nearly 2 million Americans may be facing winter without heat as a result of recent utility shutoffs, the National Consumer Law Center says. In a recent report, the center said that if current trends hold, more than 1.8 million households using natural gas will lose their utility service, an increase of 9.7 percent over 1983 despite the economic recovery. "When energy costs absorb up to 50 percent of a low-income family's budget, is it any surprise that shutoffs continue to grow?" asked Carol Werner of the center. "Where is the safety net when families have to choose between heating and eating?" The report said poor people pay four times the percentage of income that average Americans spend for home energy, and that federal assistance to help pay their home heating bills is insufficient to avert widespread utility cutoffs. "The utility shutoff problem seems to defy the economic recovery," said the Law Center's Howard Fox. "The energy crisis for the poor has become a permanent and growing fixture on the American scene." The center is a non-profit organization that says it works for equal justice for poor people in energy and consumer affairs. ONE YEAR FREE RENT! Prime Uptown Location ' Generous Improvement Allowance " Low Base Rental Rate Occupancy Available Within 30 Days Suites from 1200 sq.ft. to 12,500 sq.ft. Limited Offer Call Soon Ask For Vance Meadows 247-0553 lenu ouripood APARTMENT INVESTING SEMINAR Tuesday, Nov. 13th 7:00 PM At the offices of Albuquerque's Investment and Commercial Real Estate Specialists. We'll teach you the Pros and Cons of apartments and in-vesting. Learn the secrets of leverage appraising, market value, management, and much more. Attend this free of charge Seminar to discover your potential In this real estate businessinvestment. Limited seating, reservations a must. CALL 268-5200. r Steve Lubell Ansco-Stephens, Ltd. Investment & Commercial Real Estate Ground Floor 1720 Louisiana NE The study describes how low-income households go through a cycle of high energy bills, mounting debt to utilities, shutoff notices and termination, scraping funds together for a possible reconnection only to face even higher energy bills. Although 6.5 million households received assistance from the federal low-income home energy assistance program, the report said its benefits are inadequate to prevent disconnections of utility service. The average $212 benefit this year is less than 60 percent of the average debt of $368 to the utility when service is terminated, the report said. From 1981 through 1983, the price of natural gas increased by nearly 40 percent, but the average , annual federal benefit remained essentially the same, the report noted. In 1983, 4.7 million people in more than 1.6 million households using natural gas had utility service disconnected, it said, and the number of households is expected to rise to more than 1.8 million this year. . 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