4 Jun if, itso Summer Nebraikon
SPEECH continued from page one
Now, he said, the federal regulations
axe having Ma serious impact on inflation,
cost and productivity The compliance
cost to businesses is passed on to consum
ers in the form of higher prices for prod
ucts.
In some cases, business has invited
regulation to raise barriers against
competition, Johnson said. For example,
a company producing safety glass advo
cated laws demanding that the glass be
installed in buildings. No other glass
companies had the technology to make
this safety glass, he said.
"I'm not apologizing for the business
community," Johnson said. "These are
my own views, and not necessarily those
of Standard OU of Indiana.
Johnson, 43, received his bachelor's
degree in political science and economics
from UNL in 1909. He received his juris
doctor degree from NU's College of Law
inl4.
From 1971 to 1973 he was a legislative
affairs assistant to the Secretary of De
fense. In 1973 he began working for
Standard Oil of Indiana.
"Since the early 'COa we have contin
ued to ask more and more of Uncle Sam.
Now we are just beginning to grapple
with the monster (of federal regula
tions), he said.
Many of the regulations goals are
worthwhile, but the business community
should have responded to society's needs
without being forced to by the federal
government, he said.
Few regulations
The oil industry faced few regulations
before 1973. Now the Department of
r
...allit
takes is
a little
Confidence
FAUI NEWMAN ROBERT REREOED
ROBERT S&lAW
7KHH STDM
Dusk, Thursday, June 19 FREE
East side of Love Library
(rain site: Nebraska Union)
Co-sponsored by New Student Orientation
& Smith Hall Summer Residents
I I --- u. ...
Energy and other agencies have been cre
ated. The Emergency Petroleum Alloca
tion Act was enacted to preserve free
market forces.
Dut, Johnson said, regulations ac
tually inhibit the free enterprise system.
"It's impossible to help one part of the
industry without hurting another."
A congressional "pass-through" act
demands that refiners of crude oil pass
their cost savings on to consumers, he
said.
Investment curtailed
Hie result is that "more and more in
vestment has been curtailed'' because the
savings passed on to consumers cannot be
reinvested by the crude oil refiners.
Johnson said 87 percent of Nevada's
land, 96 percent of Alaska's land, and 30
percent of Oregon's land is federally
owned. The federal government also
owns a considerable amount of land in
California, Utah, Washington and New
Mexico.
Despite the crucial need to develop
America's national and domestic oil sup
plies, he said, only 10 percent of our
crude oil reserves comes from these federally-owned
lands.
Several solutions
Johnson listed several solutions to the
growth of regulation and the delay of
progress.
"The management of regulation has
been too long overlooked. Government
service should be sought, not feared.
Also, the economic education of people
might foe useful."
The administrators of regulatory pro
grams should be educated in economics
so the economy and inflation can be con
sidered whenever regulations are passed.
"We need to weigh the impact of regu
lations on inflation."
Johnson said a truism by a man called
Epstein is often quoted in the halls of big
industries:
"If you think the problem is bad now,
wait until Congress solves it"
Mellerdrammers begin
Theater, Inc. of Lincoln will open its
mellerdrammers season Thursday with
"Fireman, Save My Child" and "The
Perils of Priscilla."
Cast members include: Paul Ahrens
Ron Chapman, Sandy Chew, Donna
Dumrow, Joel Fay, Susan Joy, Cindy
Mikkelson, Don O'Neill, Clesta Peters,
Charles Radliff, Phillop Rooney, Kathy
Scheidt, Anne Smeltzer and Lois Walton.
The show begins at 8:30 pjn. Shows are
on Thursday, Friday and Saturday
nights through July 12 in the upper level
of Starship Enterprise, 826 P St.
V
I
; Now under new ownership and management
9 a.m.-12 p.m.
Can only be used by same player
i
1 I
LINCOLN'S 54 HOLE MINIATURE GOLF COURSE
Save $1.00 with this coupon on a 3-game ticket.
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i
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2501 N. 11th and Cornhusker Hwy. ncg. w Expires Julv 6 1 980
475-9007 '
1 9 Thurs
Collegium VII. 9 a.m -4
p.m.
Brown Bag Lecture
ship, 12 noon, Ne
braska Union.
Administrators'
Luncheon, 12 noon,
Nebraska East Union.
Outdoor movie, dusk,
Love Library.
Sheldon Film Theater,
7 & 9 p.m., Sheldon:
The Man Who Knew
Too Much; Save the
Planet.
Sat I 25 Wedn
Make-up day for July
4 holiday.
Sheldon Film Theater.
3. 7 & 9 p.m.. Shel
don: The Man Who
Knew Too Much;
Save the Planet.
yuwwA www v
;v;v.vjv.v.vj.v.v.wa
MM
20 Fri
All-State ends.
Collegium VII. 9 a.m.
4 p.m.
Sheldon Film Theater,
7 fit 9 p.m.. Sheldon:
The Man Who Knew
Too Much; Save the
Planet.
22 Sun
Sheldon Film Theater,
3, 7 & 9 p.m., Shel
don: The Man Who
Knew Too Much;
Save the Planet.
24 Tues I
Last day to submit
drops for First 5-week
Session.
Last day to change to
or from pass no pass
for First 5-week Session.
i
I
Sx
Summer Film Festival,
1 2 noon, Nebraska
Union: Mideast: Pio
neers of Science;
Discovering Country
and Western Music; -Clown
Princes.
Coffeehouse, 8 p.m..
Harper Hall Snack
Bar.
VW.VAVAWV.W.VWA'.W.'.V.V.Vi'
26 Thurs
Last day' to submit
masters theses (at
least one week before
oral exams) for 8-week
and First 5-week Ses
sions. Brown Bag Lecture
ship. 12 noon, Ne
braska Union.
Sheldon Film Theater,
7 & 9 p.m., Sheldon:
Secret Agent; Hi De
Ho
Musical, A Little
Night Music, 8 p.m.,
Kimball
m
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