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SECTION 2 - PAGE 1 • PLAIN DEALER HERALD. ERIDAT. OCTOBER 12. 1984 Mqtion/World n Economic losses should •/ balance out in the auto industry Touching all the bases UPI photo By United Press International CLEVELAND -- Any ecoriomic losses caused by laws requiring autos to contain a certain amount of domestic parts will be offset by the employment gains in states where the ayto industry is centered, an economics professor believes. Amar Parai. an assistant pro­ fessor at Case Western Reserve University, is midway through a study of the possible regional im­ pact of The Fair Practices tn Automotive Products Act, which has been passed by the H6use of Representatives. The law would require that cars sold in the United States contain up to 90 percent American-made parts, depending on the size of the company, or the company would be forbidden to sell more than 100,000 vehicles in 'the United States. • The United Auto WorRers union claims the measure would create 800,000 jobs, but opponents say other countries would retaliate with similar protectionist measures. Automakers are oppos­ ed to the idea. Some regions will show more economic gain as a result of the law than others, Parai believes, especially the east North Central states of Ohio, Indiana, Illinois and Michigan, where the auto in* dustry is centered. Parai says that putting such restrictions on international trade will send foreign auto prices up, but will protect U-S. automakers' jobs, thereby balancing the losses. "Consumers are suffering £ '5 M V *1 r I because of higher prices, but employment (in these states) will gain," Parai said. "The gain due to employment will be big enough •to outweigh the losses in prices." He cited a House Ways and Means Committee study that said that if the domestic content law goes into effect by 1990, the result could be similar to that if a quota was imposed, with manufacturers limiting themselves to 100,000 < vehicles per year. The self-imposed quotas will in­ crease the imports' price because "once you put a quota on, then there will be an excess in domestic demand," he said. Presidential candidate Walter Mondale sports a Detroit Tiger baseball cap as Detroit Mayor Coleman Young (center) and Michigan Gover­ nor James Blanchard look on. Mondale ad­ dressed a large crowd at Detroit's Kennedy Square. viewers are movie not the real thing AIR CONDITIONED -ROOMS By United Press International * • ' NEW YORK - TV channel flip­ pers be forewarned: You may come upon veteran CBS newsman Eric Sevareid Sunday commen­ ting on the possibility of a showdown between the U.S. fleet and Soviet nuclear submarines in the Persian Gulf. What you are watching is not a real newscast, although the HBO movie about a nuclear war bet­ ween the two superpowers in the Middle East certainly looks like one. "Countdown to Looking Glass," based on a scenario by Lincolln Bloomfield, a political science professor at the Massachusetts In­ stitute of Technology and a former member of the State Department and National Security Council," will premiere on the pay-cable channel 8-9:30 p. m. EDT. It will be repeated on Oct. 18, 24 and 29. Like the Emmy award-winning nuclear terrorist movie "Special Bulletin,", seen the past two seasons on NBC, "Countdown" is a videotaped production made to look exatly as if we have tuned in to the evening news. What makes it especially chill­ ing is that Sevareid, newswoman Nancy Dickerson, former Sen. Eugene McCarthy, former U.S. Ambassador to NATO Robert E l l s w o r t h , f o r m e r S A L T negotiator Paul Warnke and others play themselves. The ficitional television station reporting on the events leading to a nuclear exchange in the Persian Gulf is CVN, which those who SPECIAL Albert King The legendary singer and guitarist with his high-energy blues band * Friday, October 26, 8:15 p.m. $12/$10l Corky Siegel With his harmonica, celebrating twenty yea/s in popular music Saturday, October27,8:15 p.m.{ $9/$7 Chicago Repertory Dance Ensemble Jazzy, colorful an4 first-rate! Premiere engagement at the Opera House Friday, November 30, 8:15 p.m. Saturday, December 1,2 p.m. and 8:15 pjilJ12/$10, matinee student price $6 Judith Svalander Dance Theatre A holiday entertainment including excerpts from The Nutcracker Friday, December 7,8:15 p.m. Saturday, December 6, 2 p.m. and 8:15 p.m. $7/$5, tudenta $4 all performanceS FALL MUSICALS! Woodstock Musical Theatre Company presents Man of La Mancha October 5-7,11-14,18-20 ... $9/$7 Townsquare Players presents Annie November 2-4,9-11,16-18 ... $8/$7 at A the Woodstock Opera House IJjf An exquisitely restored historic theatre an hour's drive or less from most Chicago locations." 121 Van Buren St., Woodstock, IL Box Office: (815) 338-5300 Visa/MasterCard Accepted combine their TV watching with cocktail time or others with dirty eyeglasses could mistake for cable TV's CNN. Real-life newsman Paul Watson ("The 51st State") plays Don Tobin, anchorman for CVN, who reports the murder of a U.S. am­ bassador in Saudi Arabia and recaps events leading up to event. Americans start evacuating cities and finally, the president, his aides and the Joint Chiefs of Staff take flight -- literally. This day-before "The Day After" movie has flashes of in­ spiration -- using real-life public figures to play themselves -- but somehow ends up crawling along like a 90-minutes newscast on a sloW news day. ONLY $5.75 PER TANNING SESSION fCJ^TAllNiNGSESSiONl J With Purchase of 5 Sessions! i • n/^r\r^ ikru 10/01 Q A \ a (Offer good thru 10 31 84) Not valid with other offers j HOWwiFl SPECIAL "• | (Offer good thru 10 31 84) ONLY | Not valid with other offers I LIMIT ONE PER PERSON "J jMondoy-Thursday 11:30a.m.-2:30p.m| SOLAR CALCULATOR With Purchase of 6 Sessions Not volid with other offers Good thru 10 31 84 E ARE NOW OPEN! WOODSTOCK RACQUETBALM CLUB FREE AEROBICS CLASS Receive 1 FREE Aerobics Class with this coupon. Babysitting is also included Please call for class times . 815-338-2949 d g CO o O o 12 1055 Lake Ave. 815/334-2949 fitness! centcr Hours: M-F 7-10:30 Sat. 7-9 Sun. 8-8 Mchenry State Bank has the money for your new home • • , at below-market rates! If you're a first time home buyer with an annual gross income which does not exceed $50,200, and a.signed sales contract, get your registration form now at Mchenry State Bank and apply for a 30 year, 10.75% fixed-rate mortgage! * A drawing will be held October 22nd to award $1.6 million in mort­ gage loans at, our main lobby facility on the cornerlof Green and Elm Streets. Tor additional information please call 385-1040 and ask for our M6rtgage Department. McHENRY.STATE BANK IT»Df> MEMBER FDIC &