he nation
THE BATTALION
Page 5
e two
Eisen]
.S. records lowest trade deficit
ince May 1977, government says
United Press International
ASHINGTON — The United
s recorded its lowest trade def-
tin 13 months in June, purchas-
$1.6 billion more in foreign
Is than it sold overseas, the gov-
. _ ien t said Wednesday.
p’! 111 ' It was the smallest trade deficit
the May 1977 figure of $641
I1Vai W )n an d first time since last
ntember that the monthly trade
|cit fell below the $2 billion
awalfro,
achine
e accunJ
•6-1151
ed
an
[June’s export total of $12.13 bil-
Jwas a record, mostly because of
leased shipments of coal,
lachinery and transportation
Jpment.
(Jnports fell for the second
Ight month to $13.72 billion,
jut one quarter of the $270 mil-
import decline was accounted
for by another drop in imported oil,
the department said.
June’s red ink total represented
the 25th consecutive monthly deficit
for the United States. However, it
was encouraging news to the admin
istration, which has been seriously
concerned about the long string of
deficits.
Administration officials have con
sistently predicted the nation’s
trade balance would begin to show
some improvement this summer
and fall as growth of the overall
economy slows.
The reason is that a more
moderate economic growth rate
tends to curb the nation’s thirst for
imported goods.
In addition, the long slide in
value of the dollar against foreign
currencies — especially the
Japanese yen — makes U.S. exports
less expensive in foreign markets,
boosting demand for American
products overseas.
At the same time, the dollar’s de
cline tends to boost prices of im
ports in the United States, curbing
domestic demand.
The overall export total of $12.13
billion was the first time in history
that exports have exceeded the $12
billion level and was 3 percent
above May, the department said.
Imports were about 2 percent less
than in May.
The dollar firmed on foreign ex
change markets in London im
mediately after the announcement.
Analysts said the trade figures were
better than expected.
For the first half of 1978, the de
partment said, the U.S. balance-of-
trade deficit stood at $16.37 billion
compared with $11.49 billion for the
same period in 1977.
Officials said the deficit for the
full year should be somewhat above
last year’s record $26.5 billion total.
Government experts have said
the deficits would have to average
$1.7 billion for the remainder of the
year if the United States is to ap
proach last year’s total.
Nine of the 10 export categories
increased last month while imports
fell in seven of 10 categories, the
department said.
Oil imports, the department said,
decreased to $3.29 billion from
May s $3.32 billion.
Among other import categories
that posted declines were: iron and
steel products, sugar, coffee, radios,
television sets and motorcycles.
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lassachusetts college fights excessive drinking
Guides set for campus beer parties
Allen Academy is now accepting
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Did’
United Press International
gMHERST, Mass. — The beer
that not-so-hallowed campus
ition, is under attack at the Uni-
Jity of Massachusetts.
I task force of students and ad-
“istrators, worried about the
«r of campus parties that are
Ing out of hand, has drawn up a
of “common sense” guidelines
lie use of alcoholic beverages.
[Vere trying to cut down on par-
[where the intent of the host, as
as the guest, is just to get
‘d, Dr. David Kraft, senior
ician at the school’s mental
lo one killed
n plane crash
Unjted Press International
LAMAZOO, Mich. — It had
lakings of a major air disaster
J3 passengers and crew mem-
:s 11,200 pounds of fuel, fog and
lie failure. Authorities say it was
kaele no one was killed.
A North Central Airlines prop jet
■ying 43 people lost power
Itirtly after takeoff from
^manaioo-Battle Creek Regional
Ayport Tuesday and crashed in a
-shrouded cornfield about one
He away.
health department, said Tuesday.
The guidelines, which Kraft
called among the most comprehen
sive in the nation, limit the amount
of beer at a campus party to one keg
per 40 people — or the equivalent
amount of wine or liquor.
That’s an average of four drinks
per person.
"The myth in our society that you
can’t get as drunk on beer as yon can
on whiskey is just not true,” Kraft
said.
Kraft said the policy was drawn
up after several different campus
groups expressed concern that exist-
ing campus alcoholic beverage
policies only protected the school
from the bare miminum legal re
quirements.
“Many of the staff and students
were concerned that they might be
sued if someone went out and got
hurt from a party they’ve been host
ing," he said.
The guidelines apply to all cam
pus parties, including those in
fraternities and sororities.
There are no set penalties for
violating the guidelines, but re
peated violators could be barred
from giving parties in future, Kraft
said. First oft'enders will probably
just get "a rap on the knuckles," he
said.
The policy is designed to educate
students to the uses and abuses of
alcohol and “to make sure the plan
ning going into a party is sensible so
the chance of things getting out of
control are minimized,” he said.
Hosts are required to serve at
tractive food and non-alcoholic bev
erages to encourage non-drinkers to
X d i n „ k d e 7.„w ^TiTmiiiiimniiinnimiumiriL^
down the absorption rate of alcohol. — — — - —
How-to pamphlets, giving tips on
how to get a drunk to stop drinking,
will be given campus party-planners
by dorm resident assistants.
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