Feature Is Reaganomics a joke or not? By Nick Pisani, Jr In my last column,' I men tioned a Dow that would plunge below 800 and then would continue to rebound up to or around 1040. Well, so far the Dow has plum meted to 800 795 to be ex act and has begun a con tinuing rise that stood at 843 as of April 9. It is not known whether it will reach the 1040 mark as predicted, but indications say it probably will (sooner or later). In short, the market has been on the upswing. Major technology issues like Com modore International have regained former losses. Other industrial sectors, with the exception of the major oils i.e. Mobil, Exx on, Gulf, have done likewise. Even the housing issues, whose ups and downs are the first indica tion for economists of either prosperity or recession have taken on a slight rise. Are we in for economic pro sperity in the coming mon ths, or more optimistically in the coming years? It is hard to say because most major economists have dif fering opinions of the overall future of the market. Reaganomics is gaining less support from economic forecasters. Arthur J. Tof fer, chief economist for UCLA, claims that our posterity of prosperity will be realized no sooner than 1984 when we will witness overall good corporate pro fits. But why must we wait until 1984? Well, the tax cuts are the - major reason. One aspect of Reagan's so called economic recovery plan is a gradual cut in cor porate and personal income taxes in the coming years. From 1981 to 1984 we will witness 10%, 15%, 20%, and 25% tax cuts; overall good news for IBM and GM, etc., Business world 1. Centuri Inc 2. DS! Inc 3. Decision Data Computer Corp 4. Fonar Corp. 5. Gamma Biologies 6. General Devices 7. Genetic Engineering S. International Mobile Machines 9. Laser Metrics Inc 10. Laurel Entertainment 11. Mobot Corp 12. Omni Exploration 13. Palle*, Corp 14. Prab Robots Inc IS. Robotic Vision Systems 16. TPC Communications 17. Whitman Medical 18. Unimation Here is a chart of a few undervalued, highly speculative stocks. I have listed among them two robot producers that sell at 18. Why? Because in the not-too-distant future, robots will be what personal computers and genetic engineering are today. Who knows? Maybe Mechanical Men, the largest corpora tion in the universe-in Isaac Asimov's futuristic "I Robot," is not too far away from reality! and the publiC sector. But this good news breeds false expectations because these companies are not taking advantage, of the present 15% tax cuts; instead, they are waiting until 1984 when they can take advantage of the 25% cut. It is only good economic sense no matter how un-American it may be. Why should they invest monies in capital expansion now with 15% tax cuts being realized when they could wait until 1984 to get that 25% tax cut? What good 'ol Mr. - Reagan should have done was implement one - huge tax cut at 25%; then we would not be in this ENGAGED IN Electronic Video Games Manufacturing Data Processing Services Microcomputer Systems Production & Sale Medical Scanning & Diagnostic Systems Biotechnology & Genetic Engineering Computer Software Development & Engineering Services Biotechnology & Genetic Engineering Wireless Portable Telephones Laser Development using patented Gould Process George (Night of the Living 15ead) Romero's Fiim Company Robots Research& Development Undervalued. Oil & Gas Exploration & Development Holds patent to Gould Laser system 5 Robot Sensing Systems Television Production Services Disposable Medical Devices No. I Pure Play in Robots recession nor would 'we have to worry about the cuts in financial aid to col lege students that are effec ting us. But, why cry over spilled milk? Let's worry about 1984 when the economic revival will be realized, just in time for most college sophomores to take advantage of it when we leave the dungeonous halls of our scholastic prisons. But, that is the future, let's worry about the pre sent. The stock market is finally taking advantage of those undervalued stocks. Who cares? I follow the pen ny stocks because there's where the money is made! Dr. Jerry Covert Filling an active role When one talks about ac tive and interested faculty members, several names pop into mind. One name pops up, not only as a stu dent supporter and in teresting person, but also as a concerned faculty member who deals with the University Faculty Senate. Dr: Jerry Covert, an associate Professor of Biology, has been here at Hazleton for ten years. Of those ten years he has been a member of the University Faculty Senate for eight. He has recently been re-elected for another four-year term. The University - Faculty Senate (UPS) is a University-wide govern ment body and has been in its present form since the early 70s. It includes ad ministrative, faculty and student representatives. The function of the UFS, as with any governing body, is to deal with problems. It is made up of many different subconimittees such as Stu dent Affairs, Faculty Al-, fairs and External Affairs. Dr. Covert's main concern has been curriculum. He has been a member of this committee for six years and was made chairman of the Baccalaureate Degree Re quirements Committee two years ago. Covert stated, "As the University moves into a semester change, there is'a heavy dependence on facul ty organizations, at all levels, for coordination and guidance. This involves not only the Curricular Affairs Committee of the UFS, but PENN STATE BOOKSTORE For your conven Books - Mugs - Souvenirs - Schoo Owned and operated the Pennsylvania Sta also local organizations such as the Faculty General Assembly and the Student Government Association. There "is an increased need for cooperation and com munication between all groups in the University community." Under the leadership of President Oswald, Provost Eddy and Faculty Chairperson Nancy Tischler, the University is Cctively participating in a onference of General Education. Dr. Covert stated, "The ultimate responsibility in curricular change is the Baccalaureate Degree Re quirements subcommittee. 'The subcommittee is view ing the BDR lists as being changeable, flexible, and able to accommodate any alterations in a curricular direction as a result of sug gestions from the General Education conference and/or the semester calen dar change." Dr. Covert is a member of the BDRIII committee which has put some cur riculum changes into ef fect during the 1981-1982 school year. This change took three years to imple ment. Dr. Covert feels the semester change will be a smooth one. He feels that this will not increase facul ty teaching loads, but it will increase the number of classes to prepare for, not the actual course load. "An hour and fifteen minutes is harder on the students than the teachers." Page 15
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