Independent from Long Beach, California on February 24, 1969 · Page 8
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Independent from Long Beach, California · Page 8

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Long Beach, California
Issue Date:
Monday, February 24, 1969
Page:
Page 8
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A-8--INDEPENDENT (AM) PRESS-TELESRAM (PM) leng teach, Calif., Monday, Feb. 34. 196¥ FOR A HOLE !N THE ROOF OR A WHOLE NEW ROOM check the "Home Improvements" in today's Classified Ads! AFL-CIO Deplores Unemployment as Means to Cool National Economy Breakthrough in color photography! KEY MOM -LOOK AT THIS! NOW ONLY Presented as an expression of thanks for your patronage. ^GENUINE FULL NATURAL COLOR PORTRAITS! Not tinted or painted. ^SATISFACTION GUARANTEED or money relumleii. *FOR ALL AGES! Jiabies, children, adults. Groups photographed at additional 99c per subject. * LIMITED OFFER! One per subject, two per family. 3 DAYS ONLY MON., TUES., WED., FEB. 24-25-26 9i30 A.M. to 5;30 P.M. Daily Finished Portraits Returned in Time for Easter 533 PINE AVE. Downtown Long Baach MIAMI BEACH W -The AH.-C10 said Sunday il faired the Nixon Administration will brake the economy too sharply in its effort to curb inflation and may favor profits for c o r p o r a l i o n s over jobs and salaries for workers. "Full employment must he the nation's primary economic goal," says the iixeciuive Council of the labor federation. The council expressed concern because some members of President Nixon's Cabinet have advocated a rise in the jobless rate to cool price pressure. "Most essential to achievement of relative price stability is lower profit margins and reduced profits rates of return on investment," said the policy-making council of the 13.6 million member federation. THE STATEMENT said Nixon inherited much of the economic problem from the past eight years of Democratic administration. Meanwhile in Washing- ; ion Paul \V. McCrackcn. j Nixon's chief economic ad- j viser. said again thai the ! economy c;ui be cooled i down wilhout an unacceptable increase in unemployment. "No one is going to propose dealing with the problem of inflation by a deliberate policy of unem- p 1 o y m e n t," McCracken said. "But no one can honestly say that we can deal with this problem with no increase in unemployment." McCracken. who appeared on the NBC program "Meet the Press," said he would always be Burr, Orchids Island-Bound SINGAPORE (/PI -Raymond Burr, 52, known to television audiences as Perry Mason, left Singapore Sunday with 50 special orchid plants for his 4-000-acre Naitaumba island in the Fijis. "My interest in orchids goes back 20 years. We- have bought about 200 orchid plants from Singapore during the past two years. But this time we thought we would pick them ourselves," he said. Two-thirds of Naitaum- ba is covered by a coconut p 1 a n t a t i o n. One hundred and f i f t y islanders work for Burr and his friend, Robert Beneveds. on the island. PAUL W. McCRACKEN 'We Can Deal With This' disturbed by any rise in unemployment. BUT HE SAID he preferred lo focus on reducing prices. "The matter of regaining control of our price level is just as important to working people as to anyone else," he said. He said a slowdown in retail sales along with a "slight bit of evidence" that price levels were declining indicated the econ- omy may he down. The effects of ihe Federal Reserve Board's restrictive credi: measures ii.-ive no! had a significant el feet on ihc business iiimnuinity as ye;, he said. He termed the failure 10 enact a tax increase in 1%6 a "key error" and suagcsfJ the increase miaht have been sought by the Johnson administration if the President pos- seted the power to regu- laie taxes within a given range without congressional approval. · * .* « McCRACKEN said the 10 percent surtax is have- ins a liealihy effecl de- spile ihe recent rise in the consumer price level. However, he said the regular tax deduction in addition to elimination of the surtax that could follow the end of the Vietnam fighting have very important and very powerful a f f i r m a t i v e incentive effects." Despite a letter from N'ixon to AFL-CIO President George Meany promising that inflation would not be attacked by deliberate increase of unemployment, officials of the AFL-CIO Sunday still showed worry about it although apparently taking Nixon at his word. "We view (he President of the United Slates as the boss of his cabinet," a federation spokesman said. v- * * v "THE NOTION that there is an inevitable, mechanical trade-off between inflation and unemployment is economically false and loaded with social dynamite," the council's statement said. " A d v o c a t e s of this neanderthal view have never explained how a million additional unemployed can possibly reduce such price pressures as physician's fees, hospital charges, auto and property interest rates, which have risen sharply in the past decade," it said. The nation's unemployment rate is 3.3 per cent of the civilian labor force, lowest in 15 years. Last year's 4.1 per cent jump in living costs was the highest in 17 years. "A rise in unemployment would hit the most vulnerable workers hardest -- the most recently hired, the least skilled, particularly Negroes, other minorities and young workers." the AFL-CIO council said. "Rising business profits fbou!d be based on expanding sales volume rather than on swollen profit margins at the expense of consumers and workers." the council said. Give Your Home A New Look With Litn WALL PAINT · Super Durable · S.ptt Wcnhoble Regular S7.it SPECIAL NOW *5 Gal IMPERIAL HARDWARE COMPANY 437 Long Beach Blvd. Long leach--HE 6-6237 come clean How long has it been since your drapes were cleaned? One year? Two? Come clean. It's time to phone Coit. Coit, America's largest drapery cleaner GUARANTEES A PERFECT JOB. Guarantee: no shrinkage Guarantee: even hems Guarantee: perfect pleat folding or 100% replacement, if cleanable PROFESSIONAL REMOVAL / INSTAU.ATION · LOAN DRAPES · WAfER DAMAGE REMOVAL COIT I A M E R I C A ' S L A R G E S T DRAPERY CLEANERS 2115 E. 10th St., Long Beach Call 434-0927 Serving: lonq Beach San Pedro · Seal Beach · Us Alamltoi a DOOLEY Scoop! LATEST 1969 SOLID STATE STEREO CONSOLE SPANISH CABINET AM/FM-FM STEREO RADIO and STEREO PHONO 6-SPEAKER SOUND SYSTEM Precision record changer with Micro Touch 2-G lone arm, stereo indicator light, "drift- free" FM. and record storage i p Q C O . DOOLEY'S LOW PRICE 24788 F R E E D E L I V E R Y , 1 - Y E A R S E R V I C E I N Y O U R HOME PARTS LABOR, FULL G U A R A N T E E . DOOtflf'S Hardware Mart so/5 IONC BEACH'BIVD.-NORTH LONG BEACH W\A\m»jjlLJ v» "·'"" Wl ^ p " -- -----^t^ . . . of the buccaneers' favorite port . . . it's only a quarter-tack away from any shelter, so lift anchor! WEDNESDAY FEB. 26 Sail the Seas of Dining Adventure...! Set yoi:r ?a:\s and toe!: fo: the side oi f :u:-.t- n "h-SA" !-'.'.;;:" c::-.=y. doiicaaes designed '.o :na;cn Hcrr.cr v/he;e you end yoi'.r rr.a;^j please ^VK-:ycn-^ irorri the skipper to in? ,-an ueiiHi.: ::. t;:a i;nes! ioods y.T.;'!i ::nd ::-, deS: hand. A:;d -.v'^iie boarding !h- cny r,c:': G:a:i your cuilubs anci cl:re ::-.:o Troa.-:'.::e Cr.o..:. oun't iorget to visit tlv .·;';c:co pririie :;h ci nee:, ·-·harcoai ;v:o.ied Cjr;^.r-ri C,a.i-:;r;i . . . a lino ship v/i!h fm 1 i:-vii;:., u i i ' k o : inm:-, sea iocxi. chicl-ipm::-:; ii-iiojhmcr.'.-.. 1.-.:.: ci cntertammEni, too YOUR HOSTS: DICK KATSARIS AND FRANK KESSLER HAKCOC. ;/P i$B £^^z. *^£3tt=- to the Treasure Chest We are proud to have participated in the opening of the Southland's newest and finest restaurant V »Davis Grant Grocery Co. · Pioneer Restaurant Supply · Virg Davidson Chudacoff Co. · Frisco Bakery Co. SpocialUing in Black Angus B«l $ RQcke( Neon ^ Q[ ^^ g each · Alden's Carpet 1603 Algonquin Ave., Huntington Beach In Huntington Harbor. Warner at Algonquin FOR RESERVATIONS CALL (714) 846-0641 o-

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