Page 10 THE BATTALION
THURSDAY, OCTOBER 25, 1979
Oil profits a ‘disgrace/ O’Neill says
United Press International
WASHINGTON — House
Speaker Thomas O’Neill, D-Mass.,
said Wednesday the substantial
profit increases being reported by
oil companies are “sinful” and both
the White House and Congress
should take action.
“I think it’s absolutely a disgrace
to the nation,” said O’Neill. “It’s sin
ful. An absolute and utter disgrace.”
lower their prices, and that Con
gress should “enact every type of
legislation we can enact.”
O’Neill told reporters that both
the White House and Congress
should jawbone the oil companies to
Formats
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OPPORTUNITIES
with the
Naval Ship Weapon Systems
Engineering Station (NSWSES)
Port Hueneme, California
for
ELECTRONICS ENGINEERS
If you will be graduating this year with a BS/MS degree in Electri
cal or Electronics Engineering, we would like to talk to you about
the work being done by our staff of approximately 600 professional
engineers in such areas as tactical software, digital computers,
microcircuitry, guided missile systems, gun weapon fire control
systems, installations, radars, launchers, test and evaluation, and
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Our representative will be on campus to interview students on
November 8
We are located next to the beach in the coastal city of Port
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We would appreciate the opportunity to provide you with more
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NOW OPEN IN
WOODSTONE CENTER
ALBERTS HAIR DESIGN
Operated by Albert Martinez (formerly of
Newby's in San Antonio) and has been joined
by Annette Branecky (also of Newby's in San
Antonio.)
9-6 Mon.-Friday Woodstone Center
9-1 Saturdays 696-3003
We use and
recommend
REDKEN
The Senate should be put on
notice by the oil company quarterly
reports to pass “a good strong
windfall profits tax” and to get it to a
House-Senate conference commit
tee so that the tax could be enacted
quickly, he said.
The House has passed a windfall
profits tax generally in line with
what President Carter asked, and
the Senate Finance Committee has
all but put the finishing touches on a
tax. However, the Finance Commit
tee’s bill would collect only about
half the taxes that the House and
Carter bills would.
In the last five days Exxon Corp.,
Atlantic Richfield Co., Standard Oil
Co. (Indiana), Gulf Oil Corp., and
Conoco Inc. have reported large
profit gains in the third quarter.
Exxon announced a 120.3 percent
profits increase in third-quarter
earnings, while Gulf and Conoco
reported 97.1 percent and 133.5
percent increases respectively.
Most of the oil companies said the
higher third-quarter results were
reaped from increased earnings on
overseas markets, where price con
trols generally are more lax than in
the United State.
• High Quality
• No MninnuiM
OVERNIGHT RATES — 44 DURING THE DAY
Reductions €f Dissertations
Collation & Binding & Padding
WE HAVE A XEROX 9400 — THE BEST COSTING MACHINE IN THE WORLD!
Kinko’s Graphics, Inc.
201 Collesre Main St. 17131846-950
PRESCRIPTION
Rx STEREO
360? OLD COLLEGE ROAD
(Actoss I'bfT* Jbe ‘^hickpn Oil Co & Next to T-. State Spo , 1»ng Goods)
846-1393
We carry the Finest in Automotive
Stereo. If we don’t have what
you’re looking for, we can usually
get it.
JENSEN
We Also Carry:
Ǥ? SANYO
Car Stereo
Receivers and
Series II Speakers
Sound Guard
Maxell & TDK Blank
Tapes
Pre-Recorded Tapes
Full Line of AM/FM/Cassette
Decks. 8-Tracks
and Sneakers
Teleptranes <GTE\
©Clarion
Car Stereos and
Equalizers
• Albums — 80c over
our cost ALWAYS!!
Car Speakers
We Special Order
Tapes & Albums at
No Extra Cost to You
We have In-Dash Auto Stereo to fit Every Vehicle on the Road”
ATTENTION
IMSCI
vr
MSC
Town Hall
Option
Pass holders!
liown holll
Priority period to
purchase tickets for
The Oak Ridge Boys
Wed. Oct. 24 — Tues. Oct. 30
Tickets not purchased at
this time will be released for sale
to the general public Wed., Oct. 31.
Reflecting on studies
As increased class loads call for lengthier
study sessions, many students find that places
such as Sambo’s or IHOP are good places to
pore over the books. For Valerie Mogasil . A ST
Dal Payne, the MSC lobby proves toy Q arter \\
good spot. KaM aVion photo by SaanJjjve Oldi
Energy crisis is rea
for Hong Kong ‘elm
that will
recomme
the 1980:
I “The r
a nationa
have a i
v P( '
» tn
to $5 mil
were ide
Heade
Preside!
United Press International
HONG KONG — While visions
of spaceships and electronic won
ders lull tots to sleep, toymakers in
Santa Claus’ largest workshop are
having nightmares over the oil
crisis.
The world’s biggest contingent of
elves has come up with gadgets to
delight the entire family. But a hefty
But manufacturers rely
primarily on plastic, a petro
leum derivative whose prices
have soared. Some types are 100
percent higher than a year ago.
price increase has made manufac
turers a little less jolly this year.
William Blaauw, a leading toy
producer and chairman of the Hong
Kong Exporters’ Association, said
the industry has spared no effort or
expense to upgrade quality, ensure
safety, diversify and invent new
ways to have fun.
But manufacturers rely primarily
on plastic, a petroleum derivative
whose prices have soared. Some
types are 100 percent higher than a
year ago.
Blaauw expects that trend to con-
tinue, further increasing toy pro
duction costs and the export price
tags.
He said higher prices for mate
rials are reflected in 25 to 40 percent
increases in retail prices, compared
with a year ago.
The other ghost of Christmas
present is the ever-increasing cost of
freight.
“Freight costs constitute up to 30
percent of their landed prices in
some countries,” Blaauw said in an
interview, “and this is dreadful."
Despite the financial battering,
the 52,000 Hong Kong workers in
almost 2,000 companies increased
their exports during the first seven
months this year.
Blaauw predicts year-end global
exports of $7 million, topping 1978’s
$6.7 million.
He attributed his optimism to the
industry’s rapidly advancing
K»ec. 31,
a spaceship on the floor. The ,
moves backwards or forwaidiB 0
target, a bulb, is hit. IhesaiK|
cept tests marksmanship vj
ow l that hoots and a lionthalsj
and roars.
There are life-sized electioaj
dashboard consoles featum;)
ing, ignition key start, ei
sound and acceleration roar
An electronic teddy bears
he welcomed by sleepless pi|
A device in the toy genec!
sound designed to lul
sleep almost instantly.
The manufacturer’s co: windfall
manager, Jim Schultheis, »| compani
teddy resulted from work h| j n an e(
—“ policy,”
^4 r 1 iii3^hite 1
Hong Kong toys now getting
final touches for the Christmas
rush include many space age
toys such as electro-mechanical
robots that walk, talk, shoot, ro
tate and glow.
in electronic teddy J
should be welcomed by
parents. A device in thetd| res ^ r ^
crates a sound designedli| f ew Jays
babies to sleep almost insto stateme
technology, sophistication and crea
tive design.
“Our toy industry has absorbed
the universal price increase better
than our competitors, Taiwan and
Japan,” he said.
Hong Kong toys now getting final
touches for the Christmas rush in
clude many space age toys such as
electro-mechanical robots that walk,
talk, shoot, rotate and glow;
motorized intergalactic vehicles
with missile launchers; and
spacemobiles equipped with attack
craft.
Visual light shooting games add a
whole new realm to target practice.
A trigger sets off a stream of light at
creases
ing the t
reminde
enactmi
indfall
In rec
William C. Eller, chief of obi
at Holy Cross Hospital,
Lauderdale, Fla.
Theorizing that an infant
he more relaxed upon hea
familiar sound, Eller made asr tion’s lar
tific recording of the soundi! their th
baby hears prior to birtk •'during t
sounds were incorporated::P The
special electronic generating®; windfall
complete with a volume com new rev
Several firms that original Mate Fi
plastic toys have turned to
New products include stoat
that explode. When
bumper hits an obstacle, the
cle’s spring-triggered bodyfe
Manufacturers are reluctrf
talk about prospects for Ch
roved £
easure
In hi;
Ipassagi
rofits ti
md um
critical
1980. The industry was faced®
brief plastic shortage earlieij
year but the problem was nolij
ous enough to affect 1979od
Use our
Convenient
Christmas
layaway
plan!
^^eLCKicJ
sound e
Part
Sehultze
eft witl
floratioi
‘The
windfall
imenca
pestmei
Energy,
Jewelry,
3601 E . MhStrMt
3109 Texas Avenue
Bryan, Texas 77801
| RESTAURAI
presents
Happy Hour
MSC Crafts and Arts
Presents A
Pumpkin Carving
Contest
(7 days a week)
2 for 1 per person
10% discount for all A&M students with current^
Mon.-Thurs. only.
October 31, 1979
1st Prize - $25 Gift Certificate at T.J.’s
Sign up in the Student Programs Office, Room 216-
MSC. Deadline to enter is October 30th.
50c Entrance Fee
THE
combination;
PLATE
Jumbo Burgei
Fries &
Salad
Reg. $2.64
Through Sat., Oct. 27
CALL IN YOUR ORDER
846-7466
Pumpkins will be auctioned at end of contest.
University Drive at Welborn Overpass
M.-Th. 10to10 Sun. 11io^|
F.-S. 10 to 11
*t«JULa*a ft.ft.tt flj» fl « a a fl a tt fl a a bah
'M.