The Daily Oklahoman from Oklahoma City, Oklahoma • 58

June 5, 1994 Section THE SUNDAY OKLAHOMAN Greenspan Gang Needs More Common My inflation solution Business Almanac it, business-related organizations free listings for seminars and meetings each week in Malcolm Berko Business Almanac, uisnngs snouia ok suu-mitted on a form provided by The Oklahoman. The deadline for completed forms is Thursday noon prior to Sunday publication. Listings cannot be taken over the telephone and are limited to one per reason our dollar falls in value is that there are more dollars flooding world markets than demand. The Greenspan Gang must stop the daily deluge of new dollars printed by the Treasury and concurrently reduce the massive mountains of dollars in circulation. Then, I'll wager my firstborn that the dollar will soar in value.

Common sense! Malcolm Berko personally re-ponde to each letter he receives. Readers may wrlle Berko do The Oklahoman, P.O. Box 1416, Boca Ralon, Fie. 33429. Creators Syndicate Frankly, I don't give a fig about those sharks, but I do care about middle-class America.

A 1 percent rise in rates costs us $100 billion annually, the equivalent of 3 million jobs. I suppose the Greenspan Gang thinks higher rates will cure cancer and fix leaky faucets. It's sad, but I know more about the economics of interest rates and money supply than any of those Alice in Wonderland economists at the Fed. my life span. However, though I've nothing to say about it, allowing the Greenspan Gang to have its way with interest rates could spell disaster for our economy.

Common sense (why is it called "common sense" when there's so little of it?) is the knack of seeing things as they are. And the Greenspan Gang must be blind but what can we expect from academics with Bugs Bunny brains who've never had to use an unclean bathroom? is simple: reduce iea-eral spending, inflation will fall like ripe pears from a tall pear tree, and interest rates will tumble after. Common sense! However, only a chamber of medieval intellects would raise interest rates to strengthen the dollar. There are universal laws in economics, and the universal law of supply and demand is used effectively by DeBeers to control the price of diamonds. Arguably, the main DEAR MR.

BERKO: Is the Fed doing the right thing by raising interest rates? If not, are there other solutions that will hurt investors and consumers less? S.P., Palatine, 111. DEAR S.P.: When I was younger and complained of someone's stupidity, my mother would say: "The best way to convince a fool he's wrong is to let him have his own way." That wisdom may have added years to week per organization, ror more tnjuuw Hon, contact Dan Bush, business editor, at 475-3284. For forms, call Clytie Banyan at Now, the Greenspan Gang would raise interest rates to stem the decline of the dollar. Well, a falling dollar creates higher interest rates to protect international investors against a loss in exchange rates. Raising interest rates to lower inflation is industrial-strength stupid; like a physician telling you to run a marathon to cure a broken leg.

Higher interest rates cause higher prices. Common sense! Fox 475-3518. Seminars MONDAY: Rose State College and the Oklahoma Small Business Development Center present "SBA Loan Briefing: How to Obtain a Small Business Loan," to 10:30 a.m., Tom Steed Center. Midwest City. No fee.

Contact: Gail Scott at 733-7348 Oklahoma Tax Commission presents "New Businesses," 1 to 3 Tom Steed Center. No fee. Contact: Gail Scott at 733-7348. TUESDAY: Southwestern State University Small Business Development Center presents "Home-Based Business," 8 a.m. to noon, Bill-man Education Center, Altus Air Force Base.

No fee. Contact: Eva Johnson at 481-6101. WEDNESDAY: Oklahoma Department of Commerce and Northeastern Oklahoma College present "Grant Writing," 8:30 a.m. to 4 30 p.m. Wednesday and Thursday, college campus, Miami, OK.

Fee: $100. Contact: Fran Wood at 841-5231 Northeastern State University Small Business Development Center pre- canfc "Rneinpce Plan Rriefine." 9 a.m. to noon. where football is or you don't know how to find the Fox affiliate in your neighborhood, you really don't care that much about football." he said. "Fox wants us to spend a lot of money letting everybody know that football is going to be on Fox," Reams said.

"If you don't know Despite the network change, Reams said he is confident that dedicated fans will find NFL programming no matter where it is located on the dial. It was a transaction that KWTV's Griffin termed historic. "It will be the biggest shift in television history," Griffin said. "It's unprecedented." 440 Houston, Tulsa. No fee.

Contact: Jeff Horvath at (918) 581-2502. THURSDAY: Service Corps of Retired Execu-tivoo smRTTA nrpspnts "fining Into Business." From Page 1-C sports dollars. "We'll compete for other dollars that are out there, and we'll just do a better job of going after them." Griffin said CBS will offer network affiliates a lineup of alternative Sunday afternoon programming for the fall months. One possibility is that local affiliates will provide their own programming from noon to 3 p.m., with the network providing the 3 p.m. to 5 p.m.

fare. Before attending a CBS affiliates meeting in Los Angeles last week, Griffin said he anticipated the network would offer non-traditional sports volleyball and figure skating, for example. "They're trying to counter-program, and I think we've got to make a decision, are they're a 'V (VHF) and we're a 'U' (UHF). It's just like FM radio doesn't reach as far as AM radio." KOKH's director of cable relations, Dian Johnson, said the station reaches 75 percent of the direct-broadcast audience of KWTV, and is carried on at least 150 cable systems throughout the state. Nationally, the 7-year-old Fox network will field 188 full-time outlets this fall.

By comparison, ABC has 227 stations, NBC 214 and CBS between 205 and 210. The Fox Network scored another broadcasting coup in late May when it acquired 12 VHF stations currently aligned with other networks, including eight CBS affiliates in key NFL markets like Dallas and Atlanta. that," Griffin said. "I'm not certain that we're going to carry that. We may carry movies, female-oriented movies.

I don't know. I'm going to wait to see what they come up with first." For Oklahoma City area football fans the change will move this season's NFC games up the dial from KWTV Channel 9 to KOKH Channel 25, a UHF station that projects a weaker signal. That means for some folks NFC games may be harder to find on the dial this fall. For those in outlying areas of the state, KOKH may not be there at all without the assistance of a cable system. "The metro area, we cover like a blanket," Reams said.

"But, definitely, our signal doesn't reach as far as KWTV, because 8 a.m. to 4:45 p.m., Francis Tuttle Vo-Tech. Fee: $10. Contact: SCORE at 231-5163 Capital Association of Division Order Analysts presents "11th Annual Seminar," 8 a.m. to 4 p.m., Kerr-irnrinm 1251 nan A.

Mr.Gee Ave. Fee: $50 for members, $60 for nonmembers. Contact: Gayle Harris at 478-8686 Southwestern State University Small Business Develop-mmt r.p.rvtdr ivi-psfvnts "Oklahoma Business Tax," 9 a.m. to noon, 6425 NW Cache Road, Lawton. No tee.

contact: JLinaa streiecKi ai 1 5.1 0 I 500 minimum Based on daily compounding Offer good from June 6 through June 11 ,1 994. I A penalty will be imposed for early withdrawal. 248-4946. FRIDAY: University of Central Oklahoma Small Business Development Center presents "How to go to a Trade Show," 8:30 to 11 a.m., 123 NW 8. Fee: S25.

contact: susan uroacn ai 232-1968. Meetings MOMTIAY! Ijimtnn chanter. Home-Based Busi we going to carry ness Association: 6 p.m., Duncan Public Library. i rv.i i. Reams video presentation on auccessim Diuepruu for Your Home-Based Business." No cost.

Con- oot- Filler Onmncrai at OAH.19SV). TUESDAY: National Association of Women Business Owners, 6:30 p.m., Applewoods. Speak- From Page 1-C er: time rsrueni, owner, ectvaj oiaiiei unvea, on "How to Start a Business." Cost: $15. Contact- Chort-v nalo at OdO-dRm nel 5 and CBS affiliate KWTV Channel 9. cover the news break with a promo.

We can't sell it (the time). Every night between 7 and 9 (during the Fox news breaks) I run a promo." WEDNESDAY: Engineering Club of Oklahoma "It would be silly for me to try to compete aeainst 4. 5 and 9. who (jity, noon, furr uaieiena, wa in opean-er. Mike Sykes, general counsel for the State Tlonartment nf r.ahnr nn "The Legal AsDectS of have been doing news Labor and Engineering." Cost: Lunch.

Contact: for 40 years, Keams said. "They ve got at vinAtROL nblnhnmn Venture Forum. 11:45 a Potrnioum rinh. Snpaker: AI Fleener. Gen eral partner, Seed Co.

Partners, LP, on "HiTech Investment Arena of Early Stage Soft-warn novplnnmpnt nnmnanips." Cost: $12. Con viewers who maybe never watch Fox, to subject them to promos to promote other programming; it gives us advertisers who normally don't buy us "So, it's opened that door. But, we still don't do news, we don't have soap operas in the afternoon, Fox doesn't do late night at this point We've got a long way to go before we're on an equal status as far as the program supply." Reams takes his stance against news programming so far as to block out a tact- Rnh Untr hpr at R4fl-2fi5fi Downtown Okla homa City Business and Professional Women's Club, noon, Petroleum Club. Speaker: Bernice Shedrick, state senator, on "State Issues." fnct- i9 fnr mpmhers Si 4 nonmembers. Con Bonnes MH Computer Store! monitor Sale! tact: Kathy Schmidt at 340-4512 Oklahoma Real Estate Investors, 7 p.m., Will Rogers Park nn rt 1 1 1 i CD.

uaraen center, mw inw so. apeaiter: vviueu Hsvnac financial nlannor on "Pros and Cons 789-5585 of Equity Acceleration." No cost. Contact: Phil Fauss at 943-4870. THURSDAY: American Production and Inventory Control Society, 5:30 p.m., Holiday Inn North-nmct Miff SnpaVer: Brian J. Dreck- Sale Prices Good Today Through June 18.

1994 While Supplies Last GbWbbI shag'e, purchasing manager, Central Sales tin rn. nightly, prime-time Fox network news break. "I shouldn't say this, but they know I do it," Reams said. "We rromotions, on forecasting, vusi. io.

win-tact Dana Maly at 670-1311. Rnnslers of Oklahoma more people in their news staffs than I have in my whole station. "From a business standpoint, if you want to watch news, hey, watch 4, 5 and 9, watch CNN, read the newspaper. But I'm here to entertain Not that Fox wouldn't be happy to see its local affiliate move into production of a local newscast. "Fox would like us to, but Fox doesn't have to put up the millions of dollars it would cost to put one on," Reams said.

KOKH employs 44 people and is owned by Dallas-based Heritage Media. While the viewer numbers will be there for NFL football, Reams isn't looking for "big three" status out of the deal. He said he is content with KOKH's niche in the market. "All it did was open another door," Reams said of the NFL programming. "What it allows us to do is get lj-l rfut.r-w" City, 7 p.m., Remington Park.

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"I'm sure we're saving money," Field said, "but I couldn't put it on paper." Tho program has also boosted the company's list of perks, "This program helps us keep our best peo- Sle," Field said, "plus we can skim the cream om other door companies. We have recently hired top guys from our competitors." It's enough to make Mathleson and Field consider expanding the workout room, installing more cardiovascular equipment and maybe showers. They are also thinking of making Frey a full-time employee with added duties of safety education as part of his job description. Physician Named to Board Open Monday' Friday 0AM -6PM Saturday 10AM SPM Add one of these premium Barnes Microsystems OKC'I TCCIIk U'AOC Talk About Fast 486DX266 4MB Fast RAM $850.00 Installed Tested In Your AT Class Computer System See The New Hewlett Packard LaserJet 4 12 Pages Per Minute nr. Pnul Silversteln, last week.

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