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Editorial-Opinion PdgÂ« The PuNte Interest It Iht Vint Concern Of ,Thb Sempaper ',4 Â· TUESDAY, JUIY'9, 1974 New Terrorist Hijacking Anticipated State Of The UA Retiring University President David W. Mullins, in a concluding "Report of the- President," in the mail this month, points to many areas of great progress and' accomplishment, but adds that "many needs remain unfulfilled." The report notes that since 1960 when Dr. Mullins moved in as chief administrative officer for the University, the percentage of faculty with doctorates on the main campus and at the Little Rock campus, has risen markedly. Salaries, for faculty members have- Â·Â·-'-. also risen, almost double. -^.M!.'.; ...-,,.,. .. Still, the retiring president adds (wist-' V . . fully, we must believe), inflation has re- Â· duced the effectiveness of gains so that the UA remains at a serious competitive, dis-. advantage nationally. He calls attention l to inadequate levels of pay in non-teaching areas of the University staff, too. Although enrollment has doubled in the last 10 years, the report states, only four Â·. of 10 college-aged Arkansans are attending ; .;,. institutions of higher ediicatibn.' Nationally ...Â·..,"..'. ' the average is 61 per cent. Arkansas ranks : 48th. ' .' : ' Â· ' ' Research, according to the report, is "woefully underfinanced," although expen. Art Buchwatd ditures during the Mullins tenure has more than tripled. More needs to be done in medicine,- says the outgoing president, along with agriculture. : Construction will play a great role in the University's future, according to present figures.' A $50, million all-campus program will; equal the cost'.of'all that has been spent on the. Fayetteville campus, to date. A great many innovations will be possible in Â·the'utilization of expanded facilities, and Dr. ,'Stullins' 'urges' that the University turn to. '.innovation in the-future. : Â·He-foresees greater-educational and financial stability resulting from the merger Â· of major campuses in'; the-state,' and pays special attention to the "particular needs of the;University of Arkansas at Pine Bluff .. ."Â· In.all, the report is a generally optimistic, satisfied one (":;". motivation for progress abounds in the State of Arkansas today"), .eveirasit sketches In, knowingly, challenges thsit'await'the next president -- Dr. Charles, E. ;Bishpp: -- when he arrives in August. A'- university, as Dr. Mullins' report \yell illustrates, is many things -- one of which is not static. Progress Catches Up With Football By JACK ANDERSON '\V A S H I N G T O N -- A r a b terrorists may be planning to hijack or blow up airliners bound for the United Slates in the -next few days, according to cables' reaching Washington from trusted foreign intelligence agencies. Two of these sinister warn- .ihgs have been relayed by Rep. John Murphy,-D-N.Y., privately to House Commerce Committee Chairman Rep. Harley. Staggers, D-W.Va.. in an- e f f o r t . .to jar loose Murphy's anti-hi- Â· jacking legislation. - , One of .the messages comes from crack Dutch intelligence agents who report an attempt may be -made on an outgoing Japan Airlines plane. The cable suggests one of the terrorists may be the same man who tried to free the Arabs who gunned down Israeli athletes at the Munich Olympics. "Two terrorists are staying within 'the countries of'-Belgium. Luxemburg, the Netherlands," says the cable. The men are identified as Lebanese citizens Hawa Ghorge Antoine. 33 ,and Kab Shaouki, 25. The latter, according to Dutch intelligence, "was involved in an action in Germany trying . - t o liberate'the murderers (of) the Olympic games players.' 1 In assessing the plot, Dutch police arc assuming that the hijackers will not try to carry- weapons aboard. themse]ves, but will smuggle 'them on jum- ,bo jets "by other ways." To counter this, the Dutch recom- . mend instituting "Phase C" security measures. Under "Phase C." inflight meal containers are searched from hbrs d'oeuvres to pastries, the catering .equipment is scru- Â· The Washington Merry-Go-Round By AWT BUCHWALD WASHINGTON -- As if the United' States .did not have enough trouble, the National Football League players have gone out on strike, and there is a possibility that none of the veterans will be there' for 'Â· the kickoff in the fall. Although the disputed.- issues have to do with wages, discipline and the ppwer'of the!football commissioner, the " m a i n " problem is automation,; , . v A professional football.player, Bronco Beaulandovicn, told me, "The owners 'are tryirig ; to cut down'-the number o f ; men on From Our Files; How Time f/ies 10 YEARS AGO A. r. McAllister, Jr., Fayetteville attorney, yesterday was named temporary chairman of the Washington County Democratic Committee. He will act as chairman until Miss Suzanne Lighten, the party vice-chairman, returns from a trip to Europe about the end of this month. About 225 high school and junior high school musicians will.tape part in the 7th Annual 50 YEARS AGO Estimated cost of paving Hill Avenue Improvement District Â·is only $14,929, against an assessed valuation of property in the district of $29,460, which makes the bonds of this district an extra good investment, according to busines stayers. The seal coat of paving on Maple Street back of Mount 100 YEARS AGO From all portions of the county comes cheering reports of the wheat crop. In many sections the yiel dhas exceeded, the expectations and it is safe to say that there are more- bushels of wheat raised in Washington County this season than at any one year since the war. Judge Walker's crop, it is said, will average at (east 35 bushels per acre. What about the Fair? Are we to have a Fair this fall? Where are the directors of the Prairie Grove Valley Agricultural and Mechanical Association? Let Music Camp to he held Sunday, July 12. through:July 24,on thÂ« University campus under the direction of DrJ Richard Worthington. Officers for the coming year were installed by Mrs. Claude Woods at a recent luncheon of the Altrusa Club. Mrs. Wilma Gabriel was named president:. Mrs. Robert Bone is .retiring president. - . , - : - ' . .-. . . - . . Nord is being laid this week. Work, was postponed from- the winter on account of the cold, wea.ther. - ' - : . . ' - ; : Fourteen young' women" have entered ''the summer school tennis title tournament at the University and play in the tourney will be started this. week, it was announced today. . them wake tip and go to work. It is none too soon to commence preparations if we, are to have a Fair and wish "to make it" a success.--'-'.Â·Â·'- "Â·Â·"Â·'-' ; Let our'farmers heed.: t h e advice of our correspondent from Hot Springs -and make their preparations to save all t h e - fruits possible. With the amount: of wheat and fruit raised this season, we predict that money will be more plentiful and times better generally in this county than w e ' have seen for years. They'll Do It Every Time V^^ -- ARE YOU 8USy?CA}J YOU WATT tinizcd, service trucks are inspected and even some ground crew members are frisked. Less detailed but equally ominous information has been received from Japanese intelligence authorities. All airlines at the Tokyo hub airport, according to a confidentail cable, have been requested "to tighten security for all flights to the U. S." The reason: "Airport Police in Tokyo (have) received information of possible bomb warnings on U.S.-bound flights out of Tokyo." Footnote: Murphy's .data ag- grees with our own cohifdential reports from, the State Department. As we wrote on'June 23, U.S. analysts have concluded that new terrorist attacks can be expected against "U.S. targets, including airliners." BROGER'S BROMIDES: Armed Forces information czar John Broger is setting up a multimillion-dollar computer system to guarantee that U.S. service men overseas will be able to hear only the radio news that coincides with his own conservative opinions. In earlier columns, we have reported how Broger has systematically purged independent- minded newsmen from the taxpayer-supported S t a r s a n d 'Stripes newspaper. Although Broger refused to . talk to us about his computerized radio hews programs, me-' mos from his files reveal- his plan. One describes, setting lip a "touch keyboard in the Director's 1 (Broger's) office. The digital system will provide...20 remote lines and 8 local sources to be selected by the Pentagon." Reduced to .simpler English, this means human reporters, who are sometimes able to' tell the truth to the troops despite Broger, are being replaced by his finger on the buttons. Some of the equipment has already been quietly installed. "The computerized system is steadily being increased to offline a greater portion 'of the broadcast day.' 'one of Broger's memos states. "In about two weeks, we will try going with (some shows) with no back up from the news floor." The memos .detail the fare to be force-fed to servicemen: pompous statements by Pentagon officials, .on regulations, stories on N|xon prayer breakfasts 'and such conservative commentators.as Paul Harvey. The fairness rule imposed on c o m m e r c i a l broadcasters doesn't apply to Broger's empire. But Broger isn't all-powerful. Some of his machines are already breaking down, and one memo complains about "all the difficulties we have encountered." : ' Â· Â· ' . : ; Â· Â· Footnote: The Pentagon" insists that the machines are just tp make it easier and cheaper tp take programs from 1 .the commercial networks and put them on servicemen's broadcasts. . PRESIDENT'S H I P P I E NEPHEW: Special . W h i t e House investigator Jack. Caul- field has now confirmed' ent* June 21, 1973, story about;MM-;- ing down young Don Nixon, wÂ». President's vnephew, in a Call-., fornia hippie community. , A - Behind locked doors in tnÂ«- Senate, Caullield confided that Rose Mary Woods, the Presi-f dent's loyal secretary, gave him' the first clue as to where younj Don was hiding out. Â· - . Â· ; /: .:':'; ' Caulfield proudly, told Mie.Se'- 1 nate Watergate .committee that; he was quickly able to report back that Don "was ' located somewhere :in .the mountains;of- California and that he was residing with some friends...; ;,-^ Â·:'"There did not appear -to;.** any ' improprieties.". Oaulfield testified "other. than the. fafct that he, was keeping; company, with some young ;gentlemen who also reside in tiie area, . , WASHINGTON WHIRL: .-Tlij Cost or Living Council, which did so little to,keep costs down, is running true to form as, it. closes down; At a cost pf almost SI million to. the taxpayers;. ;t has shifted 150 of its-employes; many of them political.appoin; tees, over to the Treasury- Department's payroll. Most will be paid full salaries fpr rnaKe.-- work projects until they, find new jobs...The next, time Attoi- ney General William. .Saxb'e visits' his $.50.000' home in 'Costa Rica, he may want to use-hy famous persuasive talents tp trvy to bring back one of his neighbors to the United States, The. neighbor is Robert : Vesco, .the financial fugitive, who tried to pull' strings in Washington through the Nixon family. FOE months, -Vesco has ducked, efforts to extradite him. He Hyps only a few miles from Saxbe'i vacation home.' . ' ;."I'm Getting Tired Of These Summit Trips" the -field. They : maintain yon , don ; t need 11 men on a side to play a game. .They claim they now 'have computers that can kick, pass and block in one- tenth the time it now takes a man to do- it. But what they don't 'say is that if you cut down the'.number of men on a team you run Â· great safety risks. A computer can't protect a quarterback like a .human being.' "The football owners are try- Â·ing to save money on the payroll at the expense of our jobs. We're not going to stand for it. 1 The rules say you have to have 11 men on a side and we're-going to stick by it." : Horace Madabeth, a football owner who has been negotiating the. contract, told me, "There has been too much featherbedding on football teams, and It . is no longer economically feasible to maintain all those players on the field. We've done studies to show th'at the guards can be easily replaced by machines. The ends do nothing but stand around all day, .the football union refuses to let tackles touch the ball. Unless we use new technical methods Â·and update the job rules, we can't, stay in business." ..MALDABETH SHOWED m e . , a computer that was programmed to dp almost everything a player could. "We can put one of these at each goal line . and p]ay a ful hour's game in 10 ' minutes.' These computers can produce twice as many touchdowns, fumbles and'inter- cepted passes as any team in the league. Why should we keep ' men. on the payroll when" they :.';add nothing to the game?",? Â· --"But don't -computers take some fun out of the game?" I asked. "Possibly, but our concern is profits. How can. we explain to our stockholders that we are paying 11' players when five could do the job?" Maldabeth continued, "Don't forget, we're not talking only about the 11 men ort the field. . There.are also 29 on the bench doing absolutely nothing. No football team can afford to have 29 players sitting on their duffs hiding their heads under blankets." . . . . "Aren't the players worried about job security?" ."We're willing to work that out. We will guarantee the union that no active player will be fired from his job because of automation. But if he gets injured or plays out his contract, then he cannot be replaced by, another man. 1 can't think of anything fairer." :.MALDABETH SAID that he wasn't thinking just of the players but the fans as well. "Football costs are skyrocketing, and it they continue we may have to eliminate a quarter of the ame. By automating, we are guaranteeing the best possible contest at the best possible price. If .we can give the fans a good game with five men on each team, I think we will have made a great contribution to the sport.". I went hack to Bronco Beaulandovich, the players' re- Â· presentative. and told him what Maldabeth had,said.."That's a bunch of pigskin,"' he said. "Computers or no computers, I ain't going to send no guy out on the field unless he has 10 men to protect him. We've been playing football by hand for 79 years and we ain't about to do it different now." A Potpourri Excerpts From The World Of Thought -' COMMON -STOCKS. Peter L. B e r n s t e i n , "Are Common Stocks Really Good Investments?" Challenge, July-August 1974, pp. 56-61. "Althougth the structure of the stock market and the names and numbers of the players have surely changed over the years, the fundamental - considerations that motivate an in- .vestor to buy or sell are.essen- 'tially the same as those that motivated the investor a Hundred years ago: -price relative to earnings, dividends, and competing outlets for investaule funds. Hence, I believe that ihe historical experience is relevant to predicting stock prices in today's environment." Â· ."This experience .can teach us the following: First, we should view with great skepticism prediction of high returns from price appreciation' over , the long-run. The really long-run trend of stock prices is .nothing to get excited about; shorter- term performance of stock prices is highly variable and therefore treacherous from a prediction standpoint. Second, the larger part of the return accruing to shareholders over time seems to come from dividends. This is true any time price performance is poor, but dividend income is important, even when price performance is good. Obviously,-it is better to buy when yields are high rather than low, all other things being equal. But since things seldom are equal, the successful investor must make a tough- minded analysis of whether the appraisal of other investors expressed in dividend yields is or is not justified." "Third, nothing in the record of the past hundred years or so can tell us whether slocks are or are not a good hedge against inflation. They are a good hedge when they are cheap according to conventional standards of valuation, but not when they are expensive. Surely they will be a poor hedge unless 'inflation is likely .to lead to a .significant increase in diviednds; inflation by itself has failed in the past to produce enough price appreciation to justify buying stocks for that reason alone." The Progressive, July 1974,-p. 28. . CORPORATE POWER. Jeremy Rifkin, (George in, Inc.) "If Toni Paine wer elo visit sAmerica today, he would see a landscape dominated by giant bureaucratic fiefdoms bearing such names as Exxon, GM, and IT T. He would observe what was once a proud and independent people transformed into an unlhinking corporate mass. He would hear a new breed of nobility -- corporate executives- profess the strongest attachment to self-reliance while pocketing billions of dollars of tax money in the form of government grants and subsidies." "He would witness the systematic devastation of our natural environment,even, as cor- . porale dictators profess ' their commitment to the country's future. He would listen to corporate executives herald Ihe virtues of personal responsibility and accountability while engaging in crimes under the protection of the corporate charter. He would see what was once a government of, by and for the people transformed inlo a giant organizational arm of America's major financial institutions...and he would write of chosen people fallen from grace, and of a society organized against the principles for which it stands...Today's giant business corporation challenges our principles of government and bids defiance to the laws of our country." . . W O R K O U T THEORIES, "Theory Desert i lhÂ« Forecast- ers," Business Week, June 29, 1974, .pp. 50-59. Economists will remember 1974 for many things; for the squeeze on energy, for the breathtaking rise in prices, and perhaps for events yet to come. But mainly they will remember 1974 as the year the forecasters blew it. Passing the midpoint of the year, the forecaters are scrabling to revise the projections .they made so bravely last November and December. They disagree not only about the prospects for the economy in 1975 but also about the outlook for the remainder of 1974." "Such confusion among the experts is frustrating for business men and government officials who must make commitments and choose economic policies on the basis of forecasts. It is equally frustrating for the economists themselces. For a forecast, essentially, i s ' t h e statement of a theory' with specific values instead of abstractions. .When the forecast goes seriously wrong, it suggests that something is wrong with the theory. And when all forecasts miss the mark, it suggests that the entire body of economic thirikinig...is inadequate to describe and analyze the problems of our times." "Somehow, today's economists must revise and extend this body of thinking so that it will apply to an inflation- prone world beset with shor- 'tages and far mpre unified economically than politically. The change could come dramatically, like the "Keynesian Revolution of the late 1930s .Some economists are already looking for a modern Keynes whose sudden insight'will generate a theory to explain what is happening today, but the majority think that understanding will come piece by piece,' as they accumulate experience with the new problems that face them. Until it comes, one way or the other, the forecasters will bÂ« flying blind." Argentina After Perbn. BUENOS AIRES (ERR) --1 News commentators' hav)e duly noted that Juan Peron's widow; Isabel, is Argentina's first woman president. It may be hi ore significant, however, -that she is also Argentina's ,12th p're'sU dent of the past 20 years. That fact alone speaks volumes about the country's .chronift political instability. ' ' 'i Few observers expect Isabel to succeed where the- idolized, J u a n - f a i l e d . For the., terrorist kidnapings : , and assassinations that dominate the-headlines are merely ' symptoms of more. 'fuijT- damental problems. -Argentina; yhich has the human and riai tu'r'al '. resources to. become; .'Â» world power, is a . nation with Â· divided soul. '"Â· ' ';: 'Â·Â·Â·Â· PART, OF THE trouble J is geographic and demographic in nature.'. Modern Argentina live* in the perpetual shadow of Buenos, .Aires. ; one of the world'i greatest cities. With a ^population of around 10 .million, if. is the'home of nearly 40 ! per; cent of the ; Argentine. people. -The. heavy! 'cocentratiph of population in one urban-center,-.with all other cities laggjng Tar ;be- nind, has .produced 'a'-'lopsidefl development of the / nation. Buenos" Aires dominates -Argentina economically, culturally and spiritually. . Â· Â· - : ; - .-. ' From the earliest'days of. independence', the outlying' provinces h a ve ' stftiggle'd.' against the overweening influence :s[ the great port city. The prov; inces wanted a federal form/of government, while Buenos Aires in sistted on a more centralized system. As a result, historian J. Fred -Rippy wrote, :"Theri was no effective national government until 1835 or later,'and a viable unity sanctioned-by'a federal constitution wasjnot; ; ae- hieved until 1880."- ' . Â· " - Â· Â· r - V Argentina's political develop-men! ' w a s ' f u r t h e r stunted,-Jjy Eurppeari 'intervention, partic- cularly on the part of Britain, in Â· -its economic -'and political lifei British capital long'.controlled such key industries'''ai railroads, meat packing, ; gas, electric power, insurance. 5o banks', Â· and- communications; pervasive was this influence that Argentina was sometimes referred to as the "Sixth; Dominion'-' of the British Empire. ' A long perid of economic prosperity, lasting from 1852 to about 1930, served to paper .over the deep schisms o f : Argentine life.'-As, the .years passed. Argentina became Europe's principal food supplier, ft built more miles, of railroad and .installed ,.more', telephones, and electric lights than any other Latin nation. Personal income and literacy came to be.ranked among the world's highest. ; . -' HISTORIANS ' AGREE -that political decline, .dates from 1930, when President Hipoiito Irigoyen was ousted in a -conservative-led military coup.'jThe 13 years of conservative - rule, from 1330 to 1943. were marked by repression, electoral-,fraud, and a rising feeling of economic nationalism' as the'government struggled to appease foreign investors and'maintain Rs markets for grain and beef. ,,. The decline continued' during the first'Pcrori era, 1946-55,*and in the years since: PeronVpo- licy 'of rapid industrialization neglected agriculture', the backbone of the economy; Agricultural production declined, and the "increase in industrial' production did not fill'the gap./Argentina's strident economic v na- titmalims -- a- reaction'to' its old, dependence on Britain- -seared off badly'needed foreign investment capital.' ' 'Â·''Â·Â·'Â·'? What Argentina needs, above all as Isabel P.eron j assume $ control. Is a restoration of confidence. The nation must learn to live within its means, and the people must learn to pull together. It's I tall oror, 'even for a Peron. ' Â· Â· ' ' . . '