The Battalion. (College Station, Tex.) 1893-current, April 16, 1980, Image 7

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    THE BATTALION
WEDNESDAY, APRIL 16, 1980
Page 7
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United Press International
WASHINGTON — The Carter
administration Tuesday launched an
inter-agency task force to report to
the president in six months on ways
to expand U.S. coal exports, said De
puty Energy Secretary John Sawhill.
Sawhill told reporters the task
force, which will examine trade bar
riers to coal exports, is one of five
new administration programs prom
oting coal, the country’s most abun
dant energy resource.
The others are the synthetic fuels
bill, enforcement of a law on coal
conversions in industrial boilers, a $1
billion research and development
program and $10 billion in proposed
subsidies for utility coal conversions.
Sawhill said his agency estimates
coal exports could grow from the cur
rent 5-million-ton level to 80 million
or 100 million tons by the end of the
decade.
He said such a 20-fold increase in
exports could create 38,000 new
mining jobs and 190,000 related
jobs.
“There can be no argument that
we must export more coal to improve
the balance of trade, take pressure
off the dollar and dampen inflation,
as well as lift the burden of oil from
the backs of our allies, who are far
more dependent on imports than we
are,” said Sawhill.
Last year, the 20 industrialized na
tions participating in an Internation
al Energy Agency meeting and the
seven attending the Tokyo economic
summit agreed to find ways to in
crease coal use.
The United States recently has
also discussed expansion of its coal
export trade with France and Spain.
Next week, Sawhill said, a delega
tion of senior U.S. coal industry offi
cials will meet in Paris to help the
International Energy Agency mem
bers find ways to boost their use of
coal.
No illegalities in silver crash
United Press International
WASHINGTON — Although the
! Commodities Futures Trading Com
mission continues to pursue reasons
for last month’s scary silver market
crash, one commissioner told a con
gressional panel Tuesday so far there
has been no evidence of illegal mar
ket manipulation.
In an obvious reference to bil
lionaire brothers W. Herbert and
Nelson Bunker Hunt of Texas, Com
missioner David Gartner told a
House Government Operations sub-
| committee the agency has found no
evidence of a corner, squeeze or
manipulation of the market.
Silver prices plummeted to $10 an
ounce in late March — down from a
high of $50 in January, and much of
the blame was attributed to the
Hunts, who after acquiring massive
amounts of silver, were unable to
meet their contract payments known
as margin calls.
The Hunts’ action sparked a panic
selling spree, and a subsequent
spree in stocks of corporations
known to have connections with the
wealthy Texans.
The subcommittee invited the
Hunts to testify, but by Tuesday they
had not responded. “They’ll testify,
one way or the other,” declared sub
committee chairman Benjamin
Rosenthal, D-N.Y.
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United Press International
ORLANDO, Fla. — Bill Mur
phy’s friends are trying to collect
enough money to finance stomach-
stapling surgery for the 600-pound
man.
“I just don’t know how to come up
with $5,000,” Murphy said Monday.
“Ijust don’t know. Maybe my friends
will think of something.”
He says he will die without
surgery because of the strain his
heart bears. Just talking on the tele
phone takes his breath away. A walk
to the mailbox to collect his monthly
$239 disability payment leaves Mur
phy huffing for 10 minutes.
But even the indignity of bathing
in the backyard with a garden hose
because he can’t fit into the tub has
not motivated Murphy to keep from
gaining weight. He has abandoned
one diet after another. “I just don’t
have no will power,” he said.
“The whole thing in a nutshell is I
don’t have no activity. I don’t have
nothing to turn to because no one
will hire me. I say to myself, why not
enjoy food while I still can?” he said.
“The way the doctor talked, it
wouldn’t be very long before it
would get the best of me, all this fat, ”
Murphy, a bachelor, said. “In other
words, I’m like a walking time bomb.
My heart could go any time.”
He says the only solution is an
operation to close off his stomach so
it holds no more than 2 ounces of
food.
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A subcommittee aide said the
panel was expected to vote in the
next day or two on whether to sub
poena the brothers.
“The Commodity Futures Trading
Commission has nothing to apolo
gize for with respect to its role in
connection with recent reverbera
tions in the silver futures market,”
Gartner said.
“The silver phenomenon was free
enterprise at its finest hour, ” he said.
“It demonstrated the system works. ”
Because of the large margin re
quirements at the time of the crash,
Gartner told the panel, “No one
other than large speculators and un
wary brokers got hurt.”
“The market cured itself, ” he said.
pimiiiimiifl
Comissioner Read Dunn said he
doesn’t think there is a need for addi
tional regulation, and indicated
much of the problem was due to
hoarding by foreign investors.
Commissioner Robert Martin
agreed further government regula
tion to ensure customer protection is
unnecessary. He said investors
should be protected against fraud,
deceit and improper diversion of
their funds, but regulation “should
not offer any shelter from the con
sequences of their own judgement.”
Chairman James Stone was in the
minority. “I think the financial fabric
of the United States was en
dangered,” he said.
We Buy All Books!
<y
Doctors tell him he will lose 60
pounds in three months after the sto
mach stapling surgery and 30 per
cent more of his weight in the next
year and a half. A team of surgeons
have offered their services for free.
Now Murphy is trying to finance a
$6,000, two-week stay at Shands
Teaching Hospital in Gainesville by
the end of July.
Because he has no job and no
medical insurance, the hospital re
quired the money i be paid before
admission. “Without any insurance,
we need to have the money up
front,” said Lisa Stewart, a spokes
woman for Shands.
Lipstick alibi
kept secret
United Press International
DALLAS — An attorney for an
appliance repairman, charged with
the “lipstick” slaying of a woman, 28,
says he has verified portions of the
suspect’s alibi.
However, attorney Robert Cady
Monday refused to reveal the alibi of
Donald Hemphill, 30, who was
charged with first degree murder for
the March 31 strangulation of Debra
Martinson.
Hemphill remains jailed in lieu of
$500,000 bond.
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WE NEED TWICE |
AS MANY USED J
BOOKS BECAUSE |
OF OUR SECOND LOCATION I
IN CULPEPPER PLAZA! I
i "• ift.;
Bring your out-of-date books,
I with your new books & we’ll
make you an offer on all your
books (including paperbooks).
1 UNIVERSITY BOOKSTORES
Now 2 Locations
NORTHGATE and CULPEPPER PLAZA
SilllllUIIIIIIIIIIJIUIlUllllIUUHIIIIlEUIUIIiaiUlllimillllllllllUIIIIIIIIIIIIIIIIIIIIIMlimilllMHBH
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BATTALION CLASSIFIED PULLS!
Call 845-2611
Curios Castonedrt
greatest joumey:
from man to magician.
It is a journey filled with tricks and temptations.
The tricks of a mysterious desert sorceress. The
temptations of the woman beneath the robes.
It is Castaneda’s most harrowing
ordeal yet. The prize is magic. The
price is his life.
Share this journey with him.
You won’t be alone. Castaneda's
earlier works have already
sold over 4,000,OCX) copies in
paperback, and his new one
is “bewitching, beautiful and
frightening.”
—The Chicago Tribune
• ...Vv-' • •••
Carios Castaneda
The Second
Ring of Power"
POCKET BOOKS
On sale everywhere.
Gas prices
force change
United Press International
WASHINGTON — The rising
price of gasoline has forced a change
in driving habits for about three out
of every four motorists, and some
have altogether abandoned plans to
use their car on vacations, according
to a recent Gallup poll.
The poll, conducted for the High
way Users Federation, a non-profit
pro-highway group, found that 7 out
of 10 motorists contacted said they
were driving less this year than they
did one year ago.
The survey, which included 1,572
adults, was taken during February
and March.
It found that 63 percent had cut
down on weekend or social trips, 49
percent had reduced shopping by car
and 18 percent said they were taking
shorter vacation trips by car.
Another 12 percent said they had
stopped using cars for vacations en
tirely.
The poll also found that 64 percent
were opposed to the idea of an addi
tional 50-cent per gallon gas tax to
further discourage driving.
WEDNESDAY
Rock & Roll Night
No Cover
2 for 1 till 10 p.m.
Bring a rock and
get a free drink
No Boulders please
ONLY AT THE STUDIO
1401 FM 2818
Come on out to the Doux Chene Complex!
ALL STUDENTS ARE WELCOMED
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TO THE 1ST ANNUAL BUSINESS
44
CAREER FAIR
Wed. April 16
3-5 p.m.
Seminar on Interviewing in Rudder Forum
featuring Joe Reynolds of Procter & Gamble
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Thurs. April IT 10 a.m.-12 p.m. f
& 1:30-4:30 p.m.
Corporate representatives will be available at 37
Booths located on the 2nd floor of the MSC to
discuss career opportunities, industry & profession
al occupations and employment potential with stu
dents of all majors.
Come see why A&M does mean Business
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Residence Hall Association presents.,
Friday, April 18 th
8:00-12:30
A Night of Gambling, Prizes, and Entertainment
Major prizes donated by Diamond Brokers Int’
PLACE: MSC,2nd floor and Lounge
TICKETS: $2.50presale
$3.00 door
Ticket sales: April 14-18
MSC, Sbisa, Commons, Duncan, Acad. bldg.
THE RESIDENCE HALL ASSOCIATION WOULD LIKE TO THANK THE FOLLOWING
MERCHANTS FOR THEIR GENERAL CONTRIBUTIONS TO RHA “CASINO ’80”:
SOUND CENTER
AL’S FORMAL WEAR, LUCILLE S
BRIDAL SHOPPE
ARNOLD BROTHER’S LUMBER
AAA HOUSE OF CURTIS MATHIS
AGGIELAND INN
AUDIO VIDEO
BILL’S GARDEN CENTER
CENTRAL TEXAS HARDWARE
CHELSEA STREET PUB
CLOCKS AND COLLECTABLES
CONWAY INC.
DANVER’S RESTAURANT
DIAMOND BROKERS
DISCOUNT TROPHY AND ENGRAVING
DYER ELECTRONICS
ESPECIALLY FOR YOU
FORT SHILOH
GENTLEMAN’S QUARTER
THE GIFT GALLERY
HOLIDAY INN NORTH (BRYAN)
HOLIDAY INN SOUTH
(COLLEGE STATION)
JONE S PHARMACY
KARAMEL CORN
MAMA’S PIZZA
MISSION CAR WASH
PASTA’S
PEPE’S MEXICAN FOOD
PETAL PATCH
POTT’S JEWELRY
SCHLOTZSKY’S
SHEAR CLASS
THE SOFT TOUCH
TINSLEY’S CHICKEN-N-ROLLS
TOM’S BARBEQUE
WHAT-A-BURGER
YARBROUGH’S CARDS AND GIFTS
BOB’S GREEN THUMB NURSERY
KEN MARTIN’S STEAK HOUSE
COACHES SHOP
FABRIC CARE SERVICE
AGGIE WASH INC.
CAMPUS PHOTO CENTER
AGGIE CLEANERS
THE ALAMO
COURTEA’S
COURTEA’S
THE WHEEL WORLD
UNIVERSITY CYCLES YAMAHA
BEAUTY BOUTIQUE BEAUTY SALON
SUZUKI (SOUTH GATE)
PIZZA INN 1803 GREENFIELD
LOUPOT’S BOOKSTORE
THE DRAFTING BOARD
THE DRAFTING BOARD
THE DRAFTING BOARD
OAK-N-BRASS FURNITURE
THE WICKETT
TRI STATE A&M INC.
KUBIN AUTO REPAIR
THE FLORAL CENTER
LUBE KING
THE GENTLEMAN’S QUARTER (TOWN
& COUNTRY)
BRYAN MUFFLER
BRAZOS VALLEY NURSERY
WELCH’S CLEANERS
TAPES ETC.
NAUTILUS OF BRYAN-COLLEGE
STATION
BRAZOS VALLEY KARATE ACADEMY
FAST PRINT
THE BUG CLINIC
SEARS