The Atlanta Constitution from Atlanta, Georgia • 85

0 THE ATLANTA CONSTITUTION 1 1 Daily Indicators mm 4 5 .5: 7 NYSE Amx OTC Comics AMEX Prim Rati Gold InNawYotlc SECTION Friday, Feb. 12, 1982 Up .85 1614 13.933 $377.30 Down 1.99 million Dow Average NYSE Volume 1 1 Thomas 1 Oliver Marketing By Emily F. Rubin ComMutlM Stiff Wrtar Economic recovery nationwide should begin in late spring, according to Donald Ratajczak, director of the economic forecasting project at Georgia State University. In a quarterly report, Ratajczak said the housing starts will reach only 1.4 million in 1981 Auto sales will register a third "disastrous' 4 year in 1982, with sales at 8.2 million units. In 1983) however, he predicted auto sales will rise to 9.6, million units.

Ratajczak said inflation measured by the con-sumer price index will decline from a 10.6 percent rate in 1981 to 6.6 percent in 1982, before rebound- ing slightly to 7.3 percent in 1983. Nationally, unemployment will average 9.1 percent in 1982, and will fall just to 8.7 percent ia', 1983, he said. He predicted a return to record high interest-1 rates before the end of 1982, although the prime rate may show some declines in late winter and early spring. The prime will average 17.5 percent in 1982 and 17.1 percent in 1983 he said. the impact of high mortgage rates on the movement of people, rather than deteriorating economic cond.

tions in Atlanta," Ratajczak said. While he predicted that Georgia consumers will enjoy significant gains in real purchasing power in 1982 and 1983, he added that consumers will be reluctant to exercise their Increased purchasing power. And, because interest rates will remain he said, the construction industry and related manufacturing sectors will not significantly expand. -V Nationally, he predicted gross national product will decline .6 percent in 1982, after adjusting for inflation. In 1983, it will expand by 4 percent, he said.

-t-' Housing starts will show "little rebound" in 1982 from the million starts in 198L He expects although Georgia will have "difficulty" generating even 3,500 jobs in 1982, Atlanta's economy will -create 8,100 jobs. In 1983, he predicted employment statewide will increase by 43,500, with growth of 28,400 that year in Atlanta. i High interest rates, he said, are slowing migration into the state, which has forced housing activity toward "an irreducible floor." Non-residential construction, he said, appears "excessive" for anticipated economic conditions, Because Atlanta is not attracting its normal migration, Ratajczak said the labor force is growing "much more slowly" than would normally be the case for the prevailing economic conditions. "While the decline in population growth is adversely impacting "residential construction and is having noticeable effects on retail trade, it reflects budget deficit will "balloon" to $114 billion in fiscal year 1983, or 125 billion more than Reagan administration estimates. Pollster Gets Enlightened The accelerating deficit will propel Interest rates to "record levels," the economist said.

Ratajczak predicted "no significant improve ment" in either interest rates or stock values in View Of Masses 1982. For Georgia and Atlanta, Ratajczak said that Claibourne Darden president of Darden Research doesn't lay claim to being the nicest guy in the but he makes no apologies for either his pessimistic view of people or his uncanny ability to ascertain the true feelings of the "unenlightened masses." Laker Is Backed For New FTC Chairman Wants To End' 'Broad Discretion Darden's record for "pinpoint accuracy" puzzles even Darden. "Our polls are so accurate that even I can explain how we're that close," he said. Airline The last poll of the South taken be fore the 1980 presidential election came within 0.8 percentage points of the actual share of the vote received KM: by Ronald Reagan. In 1976, the presidential poll was even closer.

While Darden makes his name by political polling, he makes his living LONDON (AP) Sir Freddie Laker got crucial backing Thursday from British industrialist Roland "Tiny" Rowland to resurrect his no-frills airline a week: after it went bankrupt Shuttling meetings in London's financial district, an ebullient Laker said he and Rowland, head of the Lonrho mining and trading empire, planned to form a partnership to operate a restructured "People's Airline." polling for corporations and banks. He claims to conduct more polls for financial institutions than any other national pollster. v. His contempt for the "unenlightened masses" is a direct result of his poll "the knowledge level of the Ameri can people is tremendously low, while their opinion level is tremendously He called it a "perfect example of private enterprise helping private enterprise." Rowland told reporters the proposed new airline would operate low-fare' trans-Atlantic flights along the lines ot Laker Airways, which collapsed last Friday owing $388.5 million dollars to a consortium of 27 international banks. Initial estimates had put the debt at $359 million.

Laker said he never asked for or ex high," Darden said. 1 In a nationwide poll taken several years ago one on which Darden will stake his reputation he found that less than half of the registered Democrats knew how many U.S. senators James C. Miller argues antitrust laws should protect the consumer By Thomas Oliver ComMuNm SM WTMr When the present chairman of the Federal Trade Commission was growing up in Conyers, he liked to speed down Redan Road in DeKalb County on his way to a drive-in hangout named Jack's, James C. Miller HI now admits to rolling over at least two cars during the late 1950s, but the only time he ever paid a fine for a moving violation was when he was stopped by a DeKalb County policeman for "driving too fast for conditions." "I thought that (broad interpretation) was extraordinarily unfair," recalled Miller, who was visiting the FTC's regional office in Atlanta Thursday.

"The end of this story is that I went to the DeKalb County courthouse and told this gruff fellow that I thought it was unfair. He told me, I would have to see the judge. When I asked who the judge was, he told, me that he was," Miller said, laugh-: ing as he recalled paying the $8 fine then and there. "But it still seemed too broad of a discretion in the hands of this policeman, and in a way it is not the best way to govern to have an agency with too broad a discretion." The FTC has certainly received its share of criticism for being an agency with "too broad of a discretion," and Miller's early run-in with the DeKalb police may well have been the i- prelude of the agency's recent actions to repeal or revise what many have labeled as oyerzealous regulations. Miller moved quickly after the election of Ronald Reagan to kill or postpone many of the so-called "midnight regulations" of the Carter administration.

And, since the new administration has taken charge, the government has dropped its antitrust suit against IBM, settled the break up of dismissed the FTCs 8-year-old antitrust case against the nation's eight largest oil companies, dismissed the 10-year-old antitrust case against the nation's three largest cereal makers and scrapped the FTC's proposal to limit the kinds of commercials shown to children on television. Some FTC and VS. Justice Department observers have -claimed these actions signal the end of an era of antitrust actions a claim Miller strongly denies. 1 "Despite what you might have read or interpreted coming out of Washington, there is an important role for antitrust and I think William Baxter (Justice's antitrust chief) and I are very much in agreement See FTC, Page 3-D represented them in Washington. Darden, who is not shy about his' 1 I abilities, believes that with a hand- picked group of five experts, "I could elect a bloodhound governor.

He admitted that picking those five people has proven impossible, but pected a government bailout and said Prime Minister Margaret- Thatcher, "made the right decision" in refusing pleas from his supporters for government money! Britain's Civil Aviation Authority must give approval to any deal between Laker and Rowland. Laker said reissuance of his license by the CAA was the only "stumbling block" to the proposed However Britain's domestic news agency, Press Association, said CAA offi-' cials were "encouraged" by the proposed deal and the partners could be operating trans-Atlantic flights within weeks. Rowland said the new company would be wholly British and would aim to begin. nevertheless, he is polling this election year for gubernatorial candidate Billy Lovett Darden's explanation of the defeat of the Equal Rights Amendment confirms his pessimistic view of the knowledge level of the American people. Darden said that every legitimate poll taken on ERA showed that most people favored ERA.

But, when ques tioned further about what group the ERA pertained to, Darden said the per centages were reversed. Staff Phpte-toui Ftvoritt Miller: Antitrust Focus Has Shifted To Anti-Competitive Consequences "Ten percent of those in the South said they 'knew that ERA pertained to blacks. Others said it pertained to poor people," Darden said. Market Misses Middle-Agers Who says that a 50-year-old is Market Kally Loses Steam; Dow Drops 1 .99 operations in April Agreement to form the new airline company emerged after a series of. meetings Wednesday night and Thursday between the two buccaneering tycoons, who are friends of 25 yean standing.

Rowland's Lonrho conglomerate is one of Britain's most successful companies operating nearly 1,000 subsidiaries with I interests ranging from African gold mines to London's prestigious Observef weekly newspaper. On Thursday, Lonrho reported total' revenues in 1981 equivalent to $4.55 bil- -lion and pre-tax profits equivalent to I $223 million. Bank-appointed receivers acting on behalf of Laker's creditors sold his two-profitable tourist, agencies Wednesday: for the equivalent of $8.3 million. That left him with a fleet of 20 air', craft 11 DC-lOs, three A-300 Airbuses, 4 BAC-llls and two Boeing 707s. The U.S.

government's Export-Import! Bank said in Washington it was sending representatives to London to assert first mortgage rights on five of Laker's DC-V 10s. Spokeswoman. Ann Frey said in Wash-; intrtnn that thp hank had Umt ISft millinn Advertisers and manufactuers apparently do, but not those members of the 50-plus group. New York researcher Judith Langer has published the results of a study of the 50-plus group, which is gaining in importance as the Baby Boom children, age. Ms.

Langer said that over and over share. Meanwhile, several issues that have been the subject of intermittent takeover speculation popped up among the Big Board volume leaders. Pennzoil jumped 4 to 44 and Phillips Petroleum rose 3 to 38, while Cities Service fell IK to Texaco dropped to 30 in trading that Included a block at S0. In the over-the-counter market, C3 Inc. tumbled 5 to 14 bid.

Like the stock market, the credit markets had a generally inconclusive day. "i Assets of the nation's money-market mutual funds declined in the week ended Wednesday. The Investment Company Institute, a trade group, reported that the total fell $1.1 billion to $185.7 billion, after an 1899.7 million decline the week before. The daily tally on the New York Stock Exchange showed losers slightly outnumbering gainers, and the exchange's composite index dropped .10 to 66.11. Volume on the NYSE totaled 46.73 million shares, against 46.62 million the week before.

The Amex market value index gained .85 to 275.91. The NASDAQ composite index for the Over-the-counter market closed at 182.25, off .72. rU A quiet day was expected with many banks closed for Lincoln's birthday. Next Monday will be a market holiday in observance of Washington's birthday. 'x': Among the energy stocks, Supron Energy jumped 3V4 to 34 and led the active list at the American Stock Exchange.

The company agreed Wednesday to be acquired by Allied Corp. and. Continental Group for 135 a From Pnu OhMtchn NEW YORK The stock market declined slightly Thursday in a session marked by turbulent activity in several energy issues. Analysts said there was little in the pews to keep Wednesday's technical rally going. "The bond and stock markets are mesmerized by interest rates and the budget deficits," Dean Witter Reynolds Senior Vice President Robert Stovall said.

The DonJones average of 30 industrials, up 6.09 i on Wednesday, slipped back 1.99 to 834.67.. The key indicator of 30 blue chip stocks was behind nearly six points early in the afternoon but gradually narrowed the loss with the help of bargain hunters. Analysts said a number of companies were buying up their own shares. again she recorded the old cliche "You're as old as you feel. The researcher found, that 50-plus people view themselves as active, vital and excited about life getting better.

The subiects of Ms. Lancers re and guaranteed loans of $61 million; more to help Laker buy the planes in- search accused advertisers as portray ing people over 50 as old fogies, senile 1980 from the McDonnell-Douglas Corp. and with the appearance ana voices 01 people who are 150 years old. Ms. Langer uncovered resentment among the 50-plus group toward tisers who don't recognize that people Judge Says Didn't Push Portmari Plan State's Manufactured Exports Increase To Almost $5 Billion; 50 and over are more concerned about their own lives than the well-being of their grandchildren.

Indeed, members of this age group consider themselves seiually and romantically alive, Langer said, "They haven't discovered the foun-' tain of youth. It's their attitude that's different," she said. national markets, Tm pleased to say these fig-! ores indicate that Georgia has been making-; significant strides In this area," Busbee said in a statement The increases in exporting and the reverse investment we have experienced I have contributed greatly to the diversity and stability of Georgia's economy." Busbee added that the continuing of exports of manufactured goods would help "insulate our workforce and our living stand- ards from the difficulties we see many other states suffering at this time of national eco; nomic downturn." The Governor noted that exports had been encouraged in part by the state's use of a Ms. Langer suggests strongly that advertisers stress quality and focus on "do it now themes. Realtors should devise creative financial strategies to allow over-50s to I A' support their allegations that Lyn Nof-ziger and other White House' officials used "threats and extraneous pressure" to influence the Advisory Council on His- toric Preservation into a decision to permit demolition of the Morosco last; November.

6 The suit alleged that Nofziger, who re-' cently left the White House staff, threatened top council officials that the council would be "put out of existence" if they failed to allow the demolition. The two officials, council chairman Alexander Aldrich and and executive director Robert Garvey, denied the accusation during testimony before Duffy. 1 "Plaintiffs' argument requires a find- ing that both Mr. Garvey and Mr. Al- -drich proffered false testimony," Duffy said in bis decision.

"After observing both men testify, I am convinced that 'n their testimony was truthful and theirj decision to recommend demolition of the Morosco was based solely oa the NEW YORK (AP) A federal judge Thursday dismissed a charge that White House officials tried to pressure a national council Into allowing a historic Times Square theater to be razed for, development of a hotel by John Port-man. Portman, an Atlanta-based architect-developer who designed Peachtree Cen-- ter and the Hyatt Regency Atlanta hotel, has been seeking to build a hotel as part of a project to revive New York City's Times Square area. The project has been opposed by groups seeking to preserve two historic theaters in the area. Although U.S. District Judge Kevin Thomas Duffy dismissed the claim in a suit filed by Actors Equity Association and' other groups, he gave the plaintiffs until Wednesday to launch appeals before he removes an order which barred demolition of the two theaters: the Morosco and the Helen Hayes.

Duffy ruled that the plaintiffs failed to By Robin Schatx CtwitHuHofi StAfl WrHif Georgia exported almost $5 billion in manufactured goods in 1980, an 82.8 percent increase over shipments in 1977, Gov. George Busbee announced Thursday. Reporting on the results of a study from the U.S. Census Bureau for the U.S. Depart-; ment of Commerce, Busbee said Georgia's manufactured exports accounted for 9 percent of the gross state product, compared to the 1.2 percent share that U.S.

exports represent of the gross national product In addition, Georgia's manufactured ex- ports represented 11.5 percent of all such ship-menu from the state and provided 64,600 jobs 12.3 percent of the state's total employ- Textile mill products were Georgia's leading manufactured ezport, totaling more than $1 billion, followed by transportation s' "equipment and paper and allied products, which each exceeded a half billion dollars. "As an advoe'e Of expansion into inter- get out of houses that have become too- large. Developers should position mixed generation communities as "recreation communities" rather than as "retire indicates the products sought by particular countries. In 1977, Georgia became the first state to ment communities." utilize the direct-mail program. Bubee urged manufacturers interested in "This is too large a market to be ipored.

They are out there, ready, willing and able to spend. When will expanding into foreign markets to contact the intprnatirmal trad( riivLsinn of tha state'i TV. industry provide the products and serv "SIGNIFICANT STRIDES" Gov. Georje Busbce partment of Industry and Trade. ices they need?" asked Ms.

Langer..