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VOLUME LXV Virginia Military institute, Lexington, Virginia February 7, 1975 ' NUMBER 16 Financial Report "The figures are honest and conservative — and we hope to do l)etter than the forecast." —Geraid Ford Feb. 3,1975 The federal government, upon issuance of President Ford's $349.4 billion dollar budget Monday, predicted the double figures of 7.9 and 7.9 to represent the auguries of in-flation and unemployment in fiscal year 1976. Ford's plan for a $52 billion dollar deficit budget coming up on a presidential election year has the trappings of a bold thrust at a hostile Congress: Republicans closing together on Capitol Hill to fight it out as their turn comes to run for re-election. For the rest of this year, the budget predicts unemployment averaging 8.1 per cent, and an annual inflation rate of 11.3 per cent. Unemployment is predicted to hover around 6 per cent until 1980. The 1975 budget, from the Nixon White House, came out as $313.4 billion dollars — with $278.8 billion coming in. In comparison, the $349.4 billion dollar budget for FY76 is expected to take in $297.5 billion. Recession Moving money around, the President, stating "50 million hard hit middle-income A-mericans, as well as some five million low-income Americans deserve a fair tax break," called for a $12 billion dollar tax break. At the same time. Ford drew fire for an energy deal that would raise the tax on imported oil to $3 dollars a barrel. Speaking before the White House Conference on Domestic and Economic Af-fairs, Ford outlined a cost spiral in which the United States had been paying $3 billion dollars a year for imported oil in 1970, but was faced with a $24 billion dollar bUl in 1974. Qting the need to promote alternate sources of power, the President stated that the last oil em-bargo's effects would be "minor compared to what will happen if we fail to start moving toward a new energy independence." Challenging the White House move. Senator Edward M. Kennedy, (D-Mass), saying Ford "fails to recognize that the nation's No. 1 crisis today is not energy. It is recession." Unemployment David S. Broder, for the L.A. Times-Washington Post wire, said Tuesday that "unem-ployment predicted for 1976 would be the highest in any, presidential election year since' 1940, when the Great Depression left 14.6 per cent of the work force idle and Franklin Roosevelt had his hardest race." Looking back at the election year of 1960, Broder observed that after e i ^ t years of a Republican presidency. A Morality Play Just For VMI Everyman, a medieval morality play written in the late fifteenth century, will be presented by the VMI Tlieatre, in cooperation with members of the VMI Band and Glee Qub, which will sing a selection of songs related to the medieval era prior to the play. The characters are allegorical personifications through which the unknown author envisions man's life as a struggle for the salvation of his soul. God commands Death to take the protagonist, Everyman, who is overwhelmed by the fear of being unprepared for his "day of reckoning." After he repents, when it is time for him to meet Death, Pride, Beauty, Five-wits, Strength, and Discretion forsake him; only Good Deeds, whose wounds Everyman's repentance has healed, goes with him to his "Day of Doom." The play shows that man will be judged by God only on the basis of the good deed he has done. The play is directed by George Kosivic, VMI '72. The members of the cast, in order of appearance are: Greg Davis, messenger; Mike Burch, God; Lee Demeo, Death; Barry Hughes, Everyman; Keith Dickson, Fellowship; Pat Fitzberger, Beauty; Coleman Feller,' Discretion; Paul Mit-chell, Goods; Megan Morgan, Good Deeds; Rick Joslyn, Knowledge; Jeff Baumbach, Confession; Coleman Feller, cousin; Clyde Furr, Strength; Keith Dickson, Five Wits; Jenny Taylor, Angel; and George Kosivic, Doctor. The president of the VMI Theater is Bill Grant; Dr. J. B. Davis is the advisor. The program will be presented on Feburary 7 and 8 at 8:00 p.m. in Jackson Memorial Hall. Admission is $1.50; for Cadets, $1.00. "unemployment...was running only 5.5 per cent...and inflation was a negligible 1.5 per cent. But the Monday Harris poll rated Ford with a 60 per cent negative response, and his tax cut was being assailed as not hitting home to the people most in need. Democrats said that, out of the $12 billion dollar cut — 43 per cent would go to people making more than $20,000 per year, and only 15 per cent aimed at those making less than $10,000. Education Educational spending landed primarily on the state and local level, impact funds feeling the worst bite, being reduced fram $630 million to $371 million dollars. Of the 4,400 districts affected by the funds, 3^500 would be eliminated in the present budget, affecting 1.1 million students. The budget leaves $3.4 billion dollars for elementary and secondary education, and finally $2.2 billion for higher education. Reflecting inflation, the defense budget ran at $94 billion dollars. The figure constitutes an $8.7 billion dollar increase over FY75. Self-Study The VMI Commiittee pn Financial Resources and Management drew up book four of the Institute's recently (continued on page 5) Dr. Eugene P. Wigner, a Nobel Prize winner, will speak Wednesday in Mallory Hall on "Science and Society." Prize Winner Midwinter Hops Friday, 2-14-75 "Chess" - Informal Saturday. 2-15-75 "Timberline" and "HuseCorp." A leading American scientist and 1963 winner of the Nobel Prize in physics. Dr. Eugene P. Wigner, will speak at the Virginia Military Institute Wednesday (Feb. 12) at 8 p.m. in Mallory Hall on the subject "Science and Society." The lecture is open to the public. The German-educated scientist who holds honorary degrees from seven universities in three countries is Jones Professor Emeritus of Theoretical Physics at Prin-ceton University. He is also consultant to Louisiana State University's colleges of engineering, chemistry, and physics. A native of Hungary, Dr. Wigner received engineering degrees in Germany before coming to the United States in 1930. He became a United States citizen seven years later. A former [H-ofessor of physics at the University of Wisconsin, he was from 1952 to 1957 a member of the general advisory com-mittee of the Atomic Energy Commission which in 1958 awarded him its Emico Fermi Award. Dr. Wigner's lecture at VMI is under the auspices of the University Center in Virginia. While in Virginia he will also lecture at Randolph-Macon Woma's College, Hampden- Sydney, William and Mary, Mary Washington College, and the University of Virginia. History Program Initiated A public lecture series, presented by the VMI history department as part of the fresh-man history program, is now being conducted on Thursdays at 1 p.m. Unless indicated otherwise, all lectures are held in the Chemistry Department lecture room, according to Dr. Henry S. Bausum, director of the program. The first block of fifty-minute lectures, entitled "Man and his Physical Environment," will be completed by the following lectures: "Is Dilution the Solution to Pollution?" by Brig. Gen. James M. Morgan, Jr., dean of the VMI faculty and professor of civil engineering, Jan. 30: "Romantic Views of Nature," by Col. Herbert DiUard, professor of English, Feb. 6. The second block of lectures is entitled "Community and Culture." It includes the following lectures: "Com-munity in Transition: From Manor to Nation State," Dr. Bausum, Feb. 13; "The Ideal Community: Utopian Patterns in Western Cultural and In-tellectural History," Maj. Edwin Dooley, public in-formation officer, Feb. 20; "Victorian Underworld," Maj. Thomas W. Davis, assistant professor of history, Feb. 27; "Totalitarianism and Com-munity," Maj. Donald E. Thomas, assistant professor of history, Mar. 6; "Problems in Urban Planning," Col. John Knapp, professor of civil engineering. Mar. 20. The third block is entitled "Technology and Culture." It includes the following: "Technology and Alienation," Maj. Thomas, Mar. 27; Technology: An Historical Survey," Maj. Davis, Apr. 3; "Physics: Mother of Science, Bastard of Man," Col. William Sauder, professor of physics, Apr. 10; "The Computer and Technology," Dr. Gabriel Balazs, director, VMI computer center, Apr. 24; "Technology and Behaviorial Psychology," Maj. Paul School, assistant [vofessor of psychology. May 1. All lectures are open to the public without charge.
Object Description
Repository | Virginia Military Institute Archives |
Collection | VMI Cadet Newspaper |
Title | VMI Cadet. February 7, 1975 |
Issue Date | 1975-02-07 |
Volume/Number | Volume 65, number 16 (Volume 65 was used from September 1973 - May 1975) |
Publisher | Virginia Military Institute |
Publication History | The Cadet (originally the Keydet), VMI's student newspaper, began weekly publication in the fall of 1907. Not published 1943-44, 1944-45, 1945-46 |
Frequency | Weekly during academic year, except during examinations and vacations |
Subject |
Virginia Military Institute -- Publications. Virginia Military Institute -- Cadet life. College student newspapers and periodicals -- Virginia -- Lexington. |
Digital Publisher | Virginia Military Institute Archives |
VMI Archives Records Group | Publications |
Rights | Materials in the VMI Archives Digital Collections are intended for educational and research use and may be used for non-commercial purposes with appropriate attribution. The user assumes all responsibility for identifying and satisfying any claimants of copyright. Acknowledgement of the Virginia Military Institute Archives Digital Collections is required. Contact the VMI Archives for additional information. |
Notes | Volume 58 ended with the December 3, 1971 issue. Volumes 59-63 were skipped and Volume 64 started January 21, 1972. |
Type | text |
Format | application/pdf |
Description
Title | Page 1 |
Issue Date | 1975-02-07 |
Full Text Search | VOLUME LXV Virginia Military institute, Lexington, Virginia February 7, 1975 ' NUMBER 16 Financial Report "The figures are honest and conservative — and we hope to do l)etter than the forecast." —Geraid Ford Feb. 3,1975 The federal government, upon issuance of President Ford's $349.4 billion dollar budget Monday, predicted the double figures of 7.9 and 7.9 to represent the auguries of in-flation and unemployment in fiscal year 1976. Ford's plan for a $52 billion dollar deficit budget coming up on a presidential election year has the trappings of a bold thrust at a hostile Congress: Republicans closing together on Capitol Hill to fight it out as their turn comes to run for re-election. For the rest of this year, the budget predicts unemployment averaging 8.1 per cent, and an annual inflation rate of 11.3 per cent. Unemployment is predicted to hover around 6 per cent until 1980. The 1975 budget, from the Nixon White House, came out as $313.4 billion dollars — with $278.8 billion coming in. In comparison, the $349.4 billion dollar budget for FY76 is expected to take in $297.5 billion. Recession Moving money around, the President, stating "50 million hard hit middle-income A-mericans, as well as some five million low-income Americans deserve a fair tax break," called for a $12 billion dollar tax break. At the same time. Ford drew fire for an energy deal that would raise the tax on imported oil to $3 dollars a barrel. Speaking before the White House Conference on Domestic and Economic Af-fairs, Ford outlined a cost spiral in which the United States had been paying $3 billion dollars a year for imported oil in 1970, but was faced with a $24 billion dollar bUl in 1974. Qting the need to promote alternate sources of power, the President stated that the last oil em-bargo's effects would be "minor compared to what will happen if we fail to start moving toward a new energy independence." Challenging the White House move. Senator Edward M. Kennedy, (D-Mass), saying Ford "fails to recognize that the nation's No. 1 crisis today is not energy. It is recession." Unemployment David S. Broder, for the L.A. Times-Washington Post wire, said Tuesday that "unem-ployment predicted for 1976 would be the highest in any, presidential election year since' 1940, when the Great Depression left 14.6 per cent of the work force idle and Franklin Roosevelt had his hardest race." Looking back at the election year of 1960, Broder observed that after e i ^ t years of a Republican presidency. A Morality Play Just For VMI Everyman, a medieval morality play written in the late fifteenth century, will be presented by the VMI Tlieatre, in cooperation with members of the VMI Band and Glee Qub, which will sing a selection of songs related to the medieval era prior to the play. The characters are allegorical personifications through which the unknown author envisions man's life as a struggle for the salvation of his soul. God commands Death to take the protagonist, Everyman, who is overwhelmed by the fear of being unprepared for his "day of reckoning." After he repents, when it is time for him to meet Death, Pride, Beauty, Five-wits, Strength, and Discretion forsake him; only Good Deeds, whose wounds Everyman's repentance has healed, goes with him to his "Day of Doom." The play shows that man will be judged by God only on the basis of the good deed he has done. The play is directed by George Kosivic, VMI '72. The members of the cast, in order of appearance are: Greg Davis, messenger; Mike Burch, God; Lee Demeo, Death; Barry Hughes, Everyman; Keith Dickson, Fellowship; Pat Fitzberger, Beauty; Coleman Feller,' Discretion; Paul Mit-chell, Goods; Megan Morgan, Good Deeds; Rick Joslyn, Knowledge; Jeff Baumbach, Confession; Coleman Feller, cousin; Clyde Furr, Strength; Keith Dickson, Five Wits; Jenny Taylor, Angel; and George Kosivic, Doctor. The president of the VMI Theater is Bill Grant; Dr. J. B. Davis is the advisor. The program will be presented on Feburary 7 and 8 at 8:00 p.m. in Jackson Memorial Hall. Admission is $1.50; for Cadets, $1.00. "unemployment...was running only 5.5 per cent...and inflation was a negligible 1.5 per cent. But the Monday Harris poll rated Ford with a 60 per cent negative response, and his tax cut was being assailed as not hitting home to the people most in need. Democrats said that, out of the $12 billion dollar cut — 43 per cent would go to people making more than $20,000 per year, and only 15 per cent aimed at those making less than $10,000. Education Educational spending landed primarily on the state and local level, impact funds feeling the worst bite, being reduced fram $630 million to $371 million dollars. Of the 4,400 districts affected by the funds, 3^500 would be eliminated in the present budget, affecting 1.1 million students. The budget leaves $3.4 billion dollars for elementary and secondary education, and finally $2.2 billion for higher education. Reflecting inflation, the defense budget ran at $94 billion dollars. The figure constitutes an $8.7 billion dollar increase over FY75. Self-Study The VMI Commiittee pn Financial Resources and Management drew up book four of the Institute's recently (continued on page 5) Dr. Eugene P. Wigner, a Nobel Prize winner, will speak Wednesday in Mallory Hall on "Science and Society." Prize Winner Midwinter Hops Friday, 2-14-75 "Chess" - Informal Saturday. 2-15-75 "Timberline" and "HuseCorp." A leading American scientist and 1963 winner of the Nobel Prize in physics. Dr. Eugene P. Wigner, will speak at the Virginia Military Institute Wednesday (Feb. 12) at 8 p.m. in Mallory Hall on the subject "Science and Society." The lecture is open to the public. The German-educated scientist who holds honorary degrees from seven universities in three countries is Jones Professor Emeritus of Theoretical Physics at Prin-ceton University. He is also consultant to Louisiana State University's colleges of engineering, chemistry, and physics. A native of Hungary, Dr. Wigner received engineering degrees in Germany before coming to the United States in 1930. He became a United States citizen seven years later. A former [H-ofessor of physics at the University of Wisconsin, he was from 1952 to 1957 a member of the general advisory com-mittee of the Atomic Energy Commission which in 1958 awarded him its Emico Fermi Award. Dr. Wigner's lecture at VMI is under the auspices of the University Center in Virginia. While in Virginia he will also lecture at Randolph-Macon Woma's College, Hampden- Sydney, William and Mary, Mary Washington College, and the University of Virginia. History Program Initiated A public lecture series, presented by the VMI history department as part of the fresh-man history program, is now being conducted on Thursdays at 1 p.m. Unless indicated otherwise, all lectures are held in the Chemistry Department lecture room, according to Dr. Henry S. Bausum, director of the program. The first block of fifty-minute lectures, entitled "Man and his Physical Environment," will be completed by the following lectures: "Is Dilution the Solution to Pollution?" by Brig. Gen. James M. Morgan, Jr., dean of the VMI faculty and professor of civil engineering, Jan. 30: "Romantic Views of Nature," by Col. Herbert DiUard, professor of English, Feb. 6. The second block of lectures is entitled "Community and Culture." It includes the following lectures: "Com-munity in Transition: From Manor to Nation State," Dr. Bausum, Feb. 13; "The Ideal Community: Utopian Patterns in Western Cultural and In-tellectural History," Maj. Edwin Dooley, public in-formation officer, Feb. 20; "Victorian Underworld," Maj. Thomas W. Davis, assistant professor of history, Feb. 27; "Totalitarianism and Com-munity," Maj. Donald E. Thomas, assistant professor of history, Mar. 6; "Problems in Urban Planning," Col. John Knapp, professor of civil engineering. Mar. 20. The third block is entitled "Technology and Culture." It includes the following: "Technology and Alienation," Maj. Thomas, Mar. 27; Technology: An Historical Survey," Maj. Davis, Apr. 3; "Physics: Mother of Science, Bastard of Man," Col. William Sauder, professor of physics, Apr. 10; "The Computer and Technology," Dr. Gabriel Balazs, director, VMI computer center, Apr. 24; "Technology and Behaviorial Psychology," Maj. Paul School, assistant [vofessor of psychology. May 1. All lectures are open to the public without charge. |