The Baytown Sun from Baytown, Texas • Page 10

MYTOWN SUN Washington Today Carter Back At Drawing Board On Economic Plan By H. Pfen Writer WASIIIMilTOi IAPI Fired with the realization Uu! their economic program Itn'i Prttiden! CsrWr am hu advisOTj arc back at Ihe drawing trying to jil- vsge what they can, All indications point yd another attempt to win business support and to investment In new Industry, which the country badly needs. The failure of businessmen lo step up investment activity Jias been the largest single fat-tor undermining progress toward Carter 1 original targets of a Iv-ilanccd budget, lowered em- ploymenl and sharply reduced Inflation by 11)31. Some private mullerings are being heard from the administration lhal Carter already has done too much lor business without any results to show, for Carter never put forth Ihe tough anti-inflation program he ranted because business opposed it and he withdrew plans for the $50 per person lax rebate, also opposed by business. But Carter appears willing to Imakc one more try Ihis lime through (ax incentives lo in- cmse toiineu profit! and encourage invEslrnenl.

Itc diKteed last weds thai he is considering Ux cuts Tor both buslnoMS and individuals in one year, ahead of his original scheme, if the economy shows signs of floundering again, as some experts DOW fear. ECONOMIC PROGRAM Very liltle' In Die economic program Carter unveiled in January lias worked out according lo Inflation and unemployment both have remained stubbornly high, the nation's huge trade deficit has started another attack on the dollar and interest rales have reached the danger level again. In tha first major retreat from its economic program, the administration has abandoned hopes of achieving a balanced budget by 19(1, barring an economic miracle. There is no more Ulk, as there was during the campaign, of the billion budget "dividend" in 1981 to help pay for new government programs. Carter's advisers are now telling him that If be wants to meet his goals for an unemployment rate of 5 per cent or below by 1981, the best he can hope for is a.

budget deficit of 120 billion to billion. Besides the failure of businesses lo step up investments, another fly in the economic ointment has been the nation's trade delict, estimated at billion this year, which has cut into employment and production in this country. The administration appears to be seeking lo reduce the deficit by encouraging an increase in the value of the Japanese yen and the German mark in relation lo the value of the dollar, which would make U.S. goods cheaper in those countries while raising the price lo American consumers German and. Japanese products.

Carter administration is (he third to. try to tackle the problem of lagging business investment, but so far Carter has been no more successful than Richard M. Nixon and Gerald H. Ford. Charles Schullze, the chairman of Carter's Council ol Economic Advisers, said last week administration surveys show business is increasing its inflation-discounted investments by only 6 per cent annually while' an investment rate of 8 per cent tc 9 per cent is needed to achieve, the administration's eocnomic targets.

Businessmen basically say Iheir profits are too low to jus- lily substantial increases in investments. The administration takes this lament at face value and plans lo include several measures in its proposed tax reform program lo increase business prof- itabilily. The measures b'kely will include a reduction in corporate taxes or a scaling down of the current double taxation of corporate dividends. Intact, there has been a pro nounced shift in emphasis in recent weeks tax reform tc tax reduction, especially in taj cuts for businessmen, although there will be significant reductions for individuals too. men Carter first began proposing lax reform, his emphasis was on closing tax shelters and loopholes with little said aboiit helping business, but all that has changed now.

Secretary of Commerce Juanila Kreps also indicated over the weekend the administration may be preparing a new slalfr ment of its economic policies, part to meet complaints by jusinessmen thai they don'l enow what the administration doing now. CHAHLIK MODEL AND IT II Krnnedy idfpi (Sun Staff I'holo) Charlie Inman's PT Boat Has 'Em Gawking All Day Hy HICK VKRNACl It's liard lor Charlie Iimmii lo get any Work done, I'tfople passing his house slow down In and more often lli.m would like, they slop luask liinl what he Is doing whh an no-foni IT In his yard. Inman had 3 In mini when IK? bought IT 8 In IW Irurii a fellow who had outfltlei ll to hi; a bannna boat, Chnrlli hail decided' lo fix up Up; Ifljal li liaui geologists' ond selsmii At Age 25, He Found 2nd Dream equipment uflshoro lo "doodlebug" for oil. The boal was broug' lo tin Interstate 1C bildge over San and'was sllglitl) damaged as II was draped Iron the wnji'r and pill on two house moving" dollies. II was a sur prlslngly easy 15-nilnut'i! trip Irom (here to the boat's ruling in Inman's yard al Juhll Mtirlill Itond.

The first step In remodeling the rellr of World War II was to KIII II, and after Charlie finished, (here was lilllr left. The engines, wiring and even the crew quarters have been removed, ll was while he was going aimul Ihe task of ripping the old hardware out uf the boal lhat Charlie did something he regrets. When lit 1 took the bunk oul of Ihe captain's he came across the name John Kennedy scratched Into the mahogany railing. Charlie thought nothing of ll and tossed that piece of wood into the fin 1 Hilh the rest. Later In 1 learned thai the lale President Kennedy had served his apprenticeship as commander of I'T S.and was probably the one who had carved his name In (he wood.

NASHVILLH, Tcnn. vessels lo survive Ihc ull.ick at I'carl Harbor. Charlie has done offshore work, before nnd found that a roujil'j Ihc major were ihc Irals tycrc loo small iind too slow. "Uy the time you gel lo were going, It's lime turn around and come back." he 1 said. of being now are' 10 feel long nnd do not weather a slorm very well.

"You really need nn BC-foot boal lo work In llii? Oulf," lie 1 added. Irim.in thinks lie Ins found a to both of Ihc problems. I'T was designed for rough seas, "ll's inlide to go over one swell rind through Ihc next one," he said. For speed, he plans to inounl a 24,000 lip Jet aircraft engine on the stern to give him an open water running sjwcd of about 100 nph. "The Jol engine 1 want idles nl about fi.OOfl rprri nnd rpm should give me all the rawer and speed 1 need." he re narked.

Charlie snid lit 1 knows of ilaro whore ho can gel good Jet a reasonable price. 'They've got just acres of them Albuquerque, and some of hem are still In the original rales." ho said with a smile. NEW YOI1K (AP) Like many young musicians. Ronald Zalkind had the dream of becoming a concert pianist, lie would work hard, get the breaks, nnd end up as a world- acclaimed soloist. Thai dream sustained him through 17 years of piano lessons, bachelor's and master's "The boal Isn't anything lo degree programs at Jullliard look at now, bul everything I gel School ol Music and several looks like Inman remarked, lie was referring to Ills hobby of rebuilding antique automobiles.

from unrccognlza hie heaps of rusting metal. The pride of his nect Is a 1910 Moiliil'T he bulll lrom scratch. Charlie confided II Is hard to find nnd whsl hn can't scavenge or he makes. lie spenl clfihl years restoring Ihc classic auto, and ll Is easy lo sec II was a labor of lovr, "I was born In 11110 and so was It," hi! said fondly, The cnr required about a dozen cranks lo get started, and a while lo become; ac- cuslomed lo driving II. Detroit could lake lesson from this years of performance and directing wilh symphonic ensembles In New York.

"I was pasl 20 when I really went through a crisis," Zalkind "I realized mistake lo pursue a was a professional music career. 1 was not niii'Jlrlnn. I didn't have sensitivity." After casting around for scv end years nnd writing a boo "It will never be. publisher bul it got a lot of bitterness ou of my founc another dream. Al 28.

he ha bonowed set oul to make it come true. Zalkind has started a schoo not about Ihe aesthetics of niu HY-TOP SLICED BREAD ROUND-TOP OR SUIWKM reminder, of its liul the business of music The car's lop speed Is 55 mph. ll! wnnls.lo teach others will and Its four-cylinder engine gels "It'll lake about a year lo oar and a half to finish once I el started," lie claimed. He dded that he plans lo begin project full lime 'illiin ,1 couple of weeks. ibput 30 miles per gallon.

Charlie has restored Ihc car as icarly .13 possible to its original condition. In some cases using the brass he look off the Pf boal. With apologies lo Henry Ford, lluiugh, Inman has installed a radio. His "handle," by lie way. Is PT B.

When he launches his. boat, will he christen it in the radillonal manner with cham- )agne? A grin crop! across -'Inrlic's face as he answered he question, "I'll probably Irink the champagne and jusl break Ihe boltlc, Anybody craiy 'nougb otherwise needs omo holp." Tommy's Ambition Is Thriving Despite Hits in Buffalo, N.Y.. (AP) Indian "I do a lot of things I'm sorry of. and that's one of Charlie lamented as lie shook his) Alilloa tmn wll ealcs name is llalnk Ya A head. He he found out Ihc history ol the boat a fellow associated with a museum In song- II (vrlaihlv fits.

Ovorslrccl, the ileSL-ondant of an Indian princess and an honorary chicl Memphis. who had track- l)f (-'hiKlaw nation, has had erl ilnwn I'T with Ihe hopes of No counlr mosk songs ivlth I he hopes of il. The aluminum vessel was built in England just before Ihe war while the Navy was cs- wilh building boats ol different materials. Ihe fellow lold Charlie. "There were two of these boats built just exactly alike," Inman said.

The boils were equipped wilh three liorsepower Holls Royce engines anil carried arsenal of torpedoes, depth charges and a pair of gun turrets mounted lo either side of Ihe bridge. "It cost ovor a million dollars to build and outfit ihis boal," Charlie said. The cxperimcnl was abandoned after Ihe two PT boats were built, and the Navy switched lo making them out of plywood. "Uncle Sam could build six wood PT boats (or the price of one of these," Inman chuckled. The boat, which was designed lo battle submarines, has seen combal and was one of the and 17 slraighl crowding Ihc top (if the cliarls.

IVrliaps it's because ho values success more highly than money and remains unsatisfied despite his accomplishments. "I have novcr put money as the prerogative of my career," Dvcrslrccl said In an interview. ll doesn't lake a lot of money to make me happy." His ambition thrives despite 1 hits like "Many Con- gralulalions," "1 Don't Know You Anymore." "Heaven Is My Woman's Love." "Ann, Don'l Go Dunning" and "Jeannle Marie. You Were A Lady." "tine of my goals is lo wrile a song thai will live beyond my time a standard." he said. 'I also wanl to gel involved wilh three or four ads do producing." lie's one of Ihc busiest country music singers.

A reporter caught up wilh him recently during a brief stopover between dreams of music careers hot to survive in the "entertain mcnl Jungle." NINK COUHsKS Afler newspaper and radio advertisements announced its ndvcnl, more than people enrolled for Ihe nine initia courses al Ihc-Zadoc Institute lur Practical Learning, The name, he said, "was an al- tempt lo find something like Kodak or Xerox, something unique so I could get a trademark." Classes on topics from concert production to contracts and fund raising began Sept. 2C. Xalkind says many of the new students responded lo a phlel distributed al record nnd shecl music stores in the area. II read: "There arc at least a thousand ways to fall in Ihe music business We wanl to iclp you avoid In addition to guiding would- be performers. "Ihe school also will make musicians aware one night and Atlanta Ihe nest.

"I haven't had a vacation in years," lie said. ''I. don'l I that alternative music careers have a hobby except art collec ting. I'guess I'm kind of bor He's wrong. His art collec lion.

HO oil paintings worth an estimated $20.000, sets hln aparl from Nashville's countrj music scl. The prototype coun try singer most comfortable in a rhinestone suit singing a song in Wesl Texas is an unlikely connoisseur art. Ho and his parents ran an arl sludio on Music Row (or year. "ft was a lot of fun," said Ovcrslreel, .19. "But'we didn't make enough money lo hire outside help so we closed il." His fans wore surprised rcccnlly when he returned from $MO in fees.

exist," fcilkind said. "This kind of information jusl isn't available in music schools, schools like Juilli.ird." l-awvers. engineers, concert promoters, salesmen and media personalities have been hind to leach in rooms rented al an Kast Side community house. Zalkind has- reserved the overview course Ihe Business of Music: A Basic Course in Survival for himself. Similar (o a course he taught earlier al New York University and Ihe School for Social in New York, the bas- course reflects what Zalkind deduced in his quest for a piano The courses range in price rom S75 to SHO.

with the nine- raurse package available for i 30-day tour of Europe with a beard and gray hair. "I dyed ny hair until just recently," he "I was gray at 20. 1 eel more natural than I have a long lime, I'm more rc- axcd on stage." His striking change in ap- should help alter a vornsomc image. Rice Crispies Margarine Cheese I 1.29 Pancake Mix Waffles Pinto Beans BSE, 52,225 CASH WINNERS IN CASH PRIZES WINNERS EVERY WEEK YOU MAY BE THE NEXT BIG WINNER! Aufiljtffllfflirrortn Iiillnmilk H0.1DO Cm BORDEM'S ICE CREAM ASSORTED FLAVORS 89 SQ. CTR.

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