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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 9, 1980)
THE BATTALION WEDNESDAY, APRIL 9, 1980 Cancer victims’job problems studied Pag. leirci awni e* liatk mint ugkoJ spawn. osko# United Press International WASHINGTON — A plumbing foreman attempted suicide when he was demoted following surgery for throat cancer because his subordin ates mimicked him and his boss thought he could not regain their re spect. Another cancer patient was fired because his employer thought he would be absent too much. When the man sought another job, the in terviewer asked that he fill out the application with a pencil instead of the usual pen so the pencil could be discarded. A woman who had been treated for breast cancer applied for a job as a library aide, but was turned down on the recommendation of the examin ing physician because she had a mas tectomy three years earlier. She got the job only after filing a complaint. Frances Lomas Feldman, profes sor of social work at the University of Southern California, cited these as examples of problems some cancer patients face in the workplace. Feldman told a recent American Cancer Society seminar that a study of white collar workers revealed 54 percent of 127 patients interviewed had some kind of work-related prob lems they attributed to cancer. One-fourth of the sample reported such problems as a loss of job, refusal of promotion or another job and changes in working conditions, hours, salaries or insurance cov erage. Of 120 blue collar and service workers interviewed, 84 percent re ported similar work problems associ- Experts ponder why interest rates waver ospiti jectaf n state (arr)t veredt 'eanset there* d as! atesj" es lotherr iagek Elili' 20, script ES),»'< ncerX a ini renltf ug)•" ' ie mi 1 ' uch hug’; 3 poi# ble df United Press International NEW YORK — The interest-rate spiral is beginning to waver, but does it mean a break in inflation psycholo gy or a crack in the Federal Reserve’s tight rein on money? “The Treasury bill market may be catching a whiff of recession and pos sible credit problems,” said David M. Jones, economist for Aubrey G. Lanston & Co. Although the prime rate continues higher — it hit 20 percent last week — other short-term rates have bounced around. The average interest in the Treas ury’s auction of short-term bills de clined sharply last week. Euro-dollar rates were down a bit on some days. The federal funds rates, although a record for the latest reporting week, have been pushed up by the Fed Inflation aid suggested United Press International HOUSTON — Increased produc tivity of small businesses in this country would go a long way toward slowing inflation, the chairman of the American Stock Exchange said Tuesday. Arthur Levitt Jr. said small businesses account for 43 percent of the gross national product and are responsible for 66 percent of new jobs being generated. On the other hand, he said, infla tion “creates special kinds of prob lems for small businesses. Their chronic shortage of capital becomes particularly acute during inflationary times.” Levitt, chairman of the White House Commission on Small Busi ness, said members recently agreed that the federal government was a major impediment to small business growth. when they tended to drop near the presumed 18-20 percent target level. There are reasons for those lower rates on short-term government issues to be sure. The recent crisis in the silver mar kets scared a lot of people and not only in commodities; the potential losses of several major brokerages in the huge margin calls on silver made investors jumpy. The silver turmoil, nervousness over the economy, the stock market and inflation, Jones said, has precipitated “a flight to safe money— U.S. governments.” “Along with the safety factor is the feeling that these rates are attractive in light of the view that the economy is heading into steeper recession,” he added. Also, the Fed’s tight-money policy and credit restraints have taken a toll. “The liquidity of financial inter mediaries — most of which are high ly leveraged — has generally dried up,” said William N. Griggs, senior vice president of J. Henry Schroder Bank & Trust Co. The commercial banks are the only institutions in the Banking sys tem that still have liquidity and much of that has been absorbed by the administration’s March 14 changes in managed liability rules and growth targets, Griggs said. Jones noted there has been “almost a complete cutoff of credit to consumers. ” “Typically a bank would suffer the loss and keep the customer. It was afraid to cut off credit for fear its competitor wouldn’t,” Jones said. “But it appears now that the anti inflation program has caused them to decide en masse to do so.” Against this backdrop, it’s not dif ficult to understand why investors, despite a huge increase in the supply of short-term Treasury issues, are bidding these rates down, Griggs said. The intermediate and long-term government market also showed signs of rallying, but for different reasons. “The perception is begin ning to grow that a recession now seems likely,” Griggs said. For the Fed’s part, it has as yet given no indication of a softening in its fight against inflation. “The Fed’s policy has been suc cessful, perhaps beyond the wildest dreams of the monetary authorities, ” Jones said. > “The Fed is well aware of the risks,” Griggs said. “But by all in dications they feel obliged to stay with it.” save energy U a very bright idea th ods. m. HG UNIVERSITY LUTHERAN CHAPEL 31S N. Mam I have walked where kings desire to walk in the valley of forgiveness where peace is not an echo but a free and vibrant shout of hope. WORSHIP SERVICES AT t:1S KM. AND 10:45 KM WOftSH* CELEBRATION AT • P.M. Wed. Candleight Communion Service - 10 p.m. We’re looking for a few, good residents for summer, fall and spring. Metro Properties is looking for a few, good residents for the summer, fall and spring. Nine and 12 month leases are now being ac cepted at College Station’s finest apartments: Cripple Creek, Sausalito and Sundance (near Woodstone on FM 30) and Scandia and Sevilla (in Anderson Ridge). And they have special deals for “summer only” leasing. Call or come by any Metro Properties office. They’re looking for a few good residents — maybe they’re looking for you. (Leases are ac cepted on a first-come basis. Ava 11 ability at some projects is limited.) METRO PROPERTIES a professional apartment management company 713-693-6505 TAQS Sevilla State may appeal decision ated with their cancer history. But Feldman said not all cancer victims have such problems. “Both studies disclosed a substan tial number of instances in which the employee was accorded the same treatment as others in the work establishment, or they reported spe cial measures taken by employers and co-workers to help the patient return to work and health.” “Until these studies were initi ated,” she said, “there had been no systematic examination of the factors and feelings that affect the entry or re-entry into the world of work fol lowing a severe illness that not only is stressful in itself, but conjures up myriad anxieties that may contain elements of apprehension about physical or economic dependence.” United Press International HOUSTON — State officials were considering appealing a jury award of $125,000 to a former prison teacher fired for not wearing a tie to work, Assistant Attorney General Nancy Simonson said Tuesday, i Gerald E. Jordan, 38, who now teaches in the Houston Independent School District, sued the Texas De partment of Corrections after his dis missal in 1975 for dress code viola tion. He argued the dismissal violated his right to free expression and due process of law. 4 BIRTHDAY th PARTY TONIGHT at ZACHARIAS GREEN HOUSE CLUB & GAME PARLOR Everyone with 4 of same item gets a free drink. Person judged with most original 4 items gets to DRINK FREE ALL NIGHT! 1201 Hwy. 30 (in the Briarwood Apts.) |§How little the 33q ;«cost for a beautiful g| complexion! Mira® WJ < m m, EXma Outtu ■ ■ •' ; mwhere common sense caring will result in a complexion you will be proud of. Offering professional skin care treatments and products. !2^£tma duLtuxs 707 Shopping Village Suite 109 693-5909 Address yourself to a new lifestyle ■ ■■■■ ■ ■■ You’ve made it through another semester with flying colors. Now treat yourself to a better lifestyle. You deserve it. □ A new ad dress that has campus conveni ence. Patios or balconies for outside entertaining. Wooded seclusion or lively atmosphere. □ Southwest Village has a quiet atmosphere perfect for heavy studying. And you're only minutes from campus via the shuttle bus. Southwest Village offers four floorplans, furnished or unfurnished, for families or adults. In your spare time, try our tennis courts, pool, wooded picnic area, and clubhouse with saunas and gameroom. □ Country Place caters especially to your needs: walking distance to campus. Semester leases. Lively all-adult atmosphere. Six floorplans, from efficiencies to two bedrooms ideal for roommates. To lure you away from too much studying, a Country Place has a large swim- m ming pool and recreation room. □ Next semester, address yourself to a new lifestyle. No one deserves it more than you. Country Place 3902 College Main. 846-0515 Southwest Village 1101 S. W. Parkway 693-0804 Now accepting applications for summer and fall semesters. - COMPASS PROPERTY MANAGEMENT, INC. g a Hi/* ? £ a tLr. ; i; a , > drive friegdly" Texas Office of Traffic Safety WE BELIEVE IN PEOPLE HOURS, NOT BANKERS HOURS. LOBBY HOURS Weekdays, 9 am to 5 pm Saturdays, 9 am to 3 pm DRIVE-THRU WINDOW Monday thru Saturday, 7 am to 7 pm Maximum rates paid on all deposits-insured up to $100,000 by the FDIC. College Station 1501 S. Texas Avenue Bank National Association MEMBER FDIC College Station, Texas 693-1422 or 693-1441