The White Falcon - 11.01.1980, Page 6

Page 6
The White Falcon
January 11, 1980
Conserve energy: Help fight inflation CNO’s objectives
Would you believe that conserving
energy can help the fight against
inflation?
That may sound a bit far-fetched,
but it's true. To understand why,
you have to know a little about
economics.
Everyone learns in school that
the price of something depends in
part upon the supply available. For
example diamonds are expensive
mainly because they are rare. The
same thing applies to energy
sources. As long as the demand ex-
ceeds the supply, prices will be
relatively high. The recent fuel
crisis offers ample froof of this.
Conserving utilities will help
reduce prices; it cuts demand and
simultaneously increases supply.
But there is another not-so-obvious
reason which applies to us. The
law of supply and demand applies to
money as much as anything else.
Federal deficit spending has the
effect of increasing the money sup-
ply, thus undercutting the value
of the dollar. In fact, the classi-
cal definition of inflation is an
increase in the money supply.
There are essentially three ways
to reduce the budget deficit: One
is to cut government spending by de-
creasing services. At a time when
many people are actively asking for
more services, this is generally
considered impractical. Another
way is to increase taxes, but
this isn't exactly popular either.
The only thing left is to cut
waste and this is something every
individual can do. Anytime you
lower a thermostat, reduce hot water
consumption or do anything else that
saves energy you're doing something
to slow the rising spiral of prices.
Most observers view energy con-
servation as a helpmate to environ-
mental quality. Usually the two go
hand-in-hand. It has been extrava-
gant use of energy that has pushed
man toward heavy exploitation of his
natural resources.
Eventually, research will lead to
greater utilization of energy
sources such as geothermal power,
solar energy, and others not yet in
widespread use and will be both eco-
nomically and environmentally accep-
table.
Development of more efficient
gasoline engines, improved insula-
tion of buildings, and new indus-
trial processes will enable us to
maintain our standard of living with
lower energy expenditure.
con't from page 1
opportunity and realize their value
to the Navy.
Turning to moves directed at
streamlining operations and in-
creasing fleet readiness, CNO dir-
ected strong efforts be made to
reduce administrative burdens on
operating forces, noting the strides
already made have not totally fil-
tered down the chain of command.
Discussing the One Navy Concept, Ad-
miral Hayward indicated his ongoing
support for a strong naval reserve,
including seeking funding support
for new construction of naval
reserve force ships.
CNO concluded by directing re-
newed efforts on improving percep-
tions of the Navy. He called for a
unified voice on issues of vital im-
portance, and efforts on everyone's
part to reduce waste or excess
costs.
Commanding officers at all levels
have been directed to give CNO ob-
jectives high priority in 1980.
They will have the important task of
applying these goals within their
commands and of familiarizing all
hands with the details necessary to
meet these objectives.
Veterans Administration answers your questions
WASHINGTON (NES)...The following
are representative questions answer-
ed daily by Veterans Administration
(VA) counselors. Full information
is available at any VA office.
Q. When the Modified Life Plan
insurance coverage reduces by one-
half at age 65 or 70, is additional
life insurance available?
A. The insured may continue the
full amount of modified life insur-
ance by replacing the decreased a-
mount with an ordinary life policy.
An additional premium must be paid
for the special ordinary life pol-
icy.
Q. Does the VA provide job-find-
ing assistance for veterans?
A. VA provides information about
job marts, on-the-job and appren-
ticeship training opportunities,
etc., through all VA regional of-
fices.
Q. I am receiving unemployment
compensation. Will this have any
effect on my receiving GI Bill educ-
ational assistance?
A. No. Income is not considered
in the payment of education allow-
ance under the GI Bill. Rates of
payment are generally based on hours
of attendance or the cost of the
course.
Q. I was notified that X was en-
titled to VA compensation 11 months
ago and I waived a portion of my re-
tired pay. Will I be taxed the full
amount of retired pay for the past
year?
A. No. You will be taxed only
on the retired pay that exceeds the
compensation to which you were en-
titled.
Q. If a veteran leaves his Na-
tional Service Life Insurance (NSLI)
dividend on deposit or credit with
the Veterans Administration, at what
rate will it accrue interest?
A. Since Jan. 1, 1979, the NSLI
interest rate has been 5 3/4 percent.
Q. Is tutorial assistance the
same under the educational assist-
ance program and the vocational re-
habilitation program?
A. No. Tutorial assistance is
limited to $69 per month to a maxi-
mum of $828. Under the vocational
rehabilitation program, the extent
of assistance needed is determined
on an individual basis by the VA,
school staff, and the veteran. Pay-
ment is based on the amount of time
the veteran needs and the background
and qualifications of the tutor.
Q. Must a member of the armed
forces accept the $20,000 Service-
men's Group Life Insurance coverage?
A. No. A service person may e-
lect (in writing) to be covered for
a lesser amount or not to be covered
at all.
Collectors hold elections
The Northern Atlantic Coin &
Stamp Club recently elected the fol-
lowing members as club officers':
President, Russ Burkhard; Vice Pres-
ident, Vernon W. Wilmer, Jr.; Secre-
tary, Dave Crowe, Jr.; Treasurer,
Tony Averista; and Sergeant-at-arms,
Peter Bauer.
Every Sunday at 4 p.m. the club
has a meeting at the Community Cen-
ter. They discussed old and new
business pertinent to the club. Af-
ter the formal meeting, the members
trade or sell stamps and coins.
You do not have to be an expect
coin or stamp collector in order to
join the club. The club is always
looking for prospective members.
There are club constituents who will
gladly teach the novice about coins
and stamps. Families and singles
are welcome to join The Northern At-
lantic Coin & Stamp Club.
The club needs your support. Ev-
eryone is welcome to attend the
weekly meetings. Bring your friends
with you.