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Page 9 Matures THE BATTALION TUESDAY, FEBRUARY 3, 1981 er extend In ruling I o the Ret. ■nagazioei Majorih, F 5 mi* II said w iprelimh rest oft nth is t er the hit 30-miniitt up to 5H leech, bit magazim ion. :e writeis tervieweil ookandi Asteroid may have caused dust, killing dinosaurs e this it- r e sucbai id said lit 'ork said, safe fori United Press International SEATTLE — The discovery of an underground layer of an exotic metal in eastern Montana has added fuel to a theory that the extinction of dinosaurs was caused by a giant asteroid that collided with Earth, throwing up so much dust it blocked sunlight and literally blotted out many forms of life. The find of the layer of iridium, a metal uncom mon to Earth but abundant in meteorites, was re ported by geologist Dr. Walter Alvarez at the Uni versity of Washington’s Quaternary Resources Cen ter, which studies the processes that have shaped the world’s environment through time. The extinction of dinosaurs, which flourished for over 150 million years before abruptly vanishing 65, million years ago, has long puzzled scientists. While many theories have been advanced to ex plain the disappearance, including a reversal of the Earth’s magnetic field, a supernova explosion and the development of pollen, the asteroid theory has been attracting attention lately. The theory was developed at the University of California at Berkeley, where Alvarez’ father. Dr. Luis W. Alvarez, a physicist, turned up evidence about a year ago that something huge from outer space apparently hit the Earth about the time of the dinosaurs’ demise. The theory started with the discovery of unusually abundant deposits of iridium in layers of the Earth’s crust that date back to the time of the dinosaur extinctions. The deposits were found in many areas of the globe, including Gubbio, Italy; six other places in Europe; in New Zealand, and in a core drilled from the sea bottom in the West Central Pacific. But until the most recent discovery in eastern Montana, all of the finds had been located in sedi ments of ancient seas, leaving the nagging possibility the abnormally high concentrations of iridium could have been caused by the oceans. The 65-million-year-old Montana deposit, howev er, was formed on dry land, Walter Alvarez told a University of Washington audience. That develop ment strengthens the argument that something from space delivered the iridium to Earth and was big enough to affect the entire globe. Volatility seen for the future Interest rates holding for now Women in Carter posts will ook for business work United Press International NEW YORK — Jimmy Carter ed more women at the policy- iking level than any U.S. presi- mt in history — a record Ronald agan appears unlikely to match. Now the “Carter women” have entered the job market— some to out if their high-level govem- ent experience can be translated to the bottom-line skills needed in corporate world. And women’s groups say there are jns women simply are not being iced in significant numbers in the iw administration. “If you look at the pictures of the [w administration, its just a great a of white male faces, ” says Anne , exler, who was Carter’s assistant ire up to. . p U bli c liaison. Wexler, “weighing a couple of !ers”from private industry, says 22 ngs. Diiti ^ rcen ( 0 f a l| Carter appointments to m Instest jgh. ran kj n g, policy-making jobs ere women, compared to 12 per- nt under former President Gerald )rd, the runner-up. It was fantastic,’’ she says. “The ling spord esident made a really strong effort Bivingsa: bring women in at very high levels eallywipe roughoutthe government, under- cretaries, dozens of assistant secre- U .J annul r ‘ es ’ g enera l counsels of five salaries mi departments running staffs n damage ise, Brata y, Pentl- e already ere to be jntryaittd lillipsjr, i ahead* ;ts utitdoeso j ( conceutB itoms sunt $2,00 ce can rmers witt fi rework between 150 and 300 lawyers ich. “Having women in on policy mak- ; having men working for women isses, became the norm,” she con- lued. “Nobody paid a heck of a lot attention to women running bil- m-dollar budgets.” Women in middle-and high-level government posts jumped 17 per cent under Carter, according to the Coalition for Women’s Appoint ments of the National Women’s Poli tical Caucus. In the Defense Department, mid dle-level women appointees leaped from 17 percent in 1976 to 40 percent in 1979, while those appointed to higher levels rose from zero to 10 percent, according to Coalition fi gures. “We have submitted over 150 names of highly qualified women to the Reagan administration,” says Coalition spokeswoman Janice Katz. “At this time the women have not been contacted. They have received form letters saying their resumes were received.” “From what we hear,” Katz adds, “women are not being placed in the structure. We cannot find out who is being hired.” Bette Anderson, appointed by Carter as the first woman under sec retary of the Treasury and recently elected to the board of International Telephone & Telegraph, says Reagan “to this point has made so few sub-cabinet appointments that I honestly cannot say” what his atti tude on hiring women will be. Meanwhile the Carter women — many with little or no experience in industry — face the task of translat ing their specialized expertise into marketable skills. It may take them six months to a year to find positions, says John Schlueter, vice president and senior partner of KornFerry International. uip sevefi scorecafll elect one* •ank amoi > categorit a onef) I their ptf *liss.,isl Methu of the $ icency. ference (! arm tote kin scent* !(X) groups i organic he project etn bracts I pro-fa os took brt last “least con television oap ’ n non saiol includeo] id “I w • DRY CLEANING • ALTERATIONS • SHIRT SERVICE • 1-HR. SERVICE (upon request) 3819 E. 29th I (town s country shopping center) H N WOLF CREEK COLORADO SPRING BREAK $ 325.00 Includes: ★ ROUND TRIP TRANSPORTATION VIA DELUX TOUR BUS ★ 6 NIGHTS LODGING IN MODERN CABINS (FIRE PLACES, KITCHENETTES) ★ 5 DAY LIFT TICKETS ★ 2 MEALS A DAY MARCH (15-19) ONE MEAL ON MARCH (14 & 20' h ) ★ TRANSFERS TO & FROM SKI AREA. ★ PARTY PACKAGE Signup now Rm. 216 MSC. For more info call MSC Travel 845-1515. Limited spaces available. Battalion Classified 845-2611 The executive search firm has sent resumes of 30 of the high-level women appointees to 100 of the For tune 500 companies and 60 executive recruiting firms. “People working in high-level government positions assume the private sector will have jobs for them, but some have qualifications and skills not applicable to the corpo rate world,” Schleuter says. “Primarily these women have worked for government agencies. Many were housewives prior to their government appointments, many have not had any corporate experi ence.” Schleuter adds, “in government you don’t have a product, you don’t have to market it or make a profit. You simply are responsible for spending money for a department that by law has to spend a certain amount.” Wexler said, however “the pro duct in government is whatever ser vice you are producing. You’re mar keting issues and policies, building public support and approbation for policies to get legislation passed.” United Press International NEW YORK — Interest rates appear to be in a holding pattern at high levels, and the only consensus on their future course is that busi ness borrowers can look for volatil ity, but not significantly lower costs. Henry Kaufman, chief economist at Salomon Brothers investment banking firm, said recently interest rates will remain “highly volatile” in 1981 and “the prime rate, some time this year, will surpass the record 21V2 percent” reached in the latter part of 1980. Another noted economist, while agreeing with Kaufman’s assessment that rates will remain volatile, said “with the economic circumstances we’re in now something will have to give.” “Either interest rates will have to come down in order to allow the eco nomy to move ahead, or we’ll see an increasing number of bankruptcies, especially among smaller busines ses,” David M. Jones, economist for Aubrey G. Lanston & Co., said. James J. Lowrey, head of a firm bearing his name that advises muni cipalities and corporations on bor rowing, said “it’s going to be difficult to borrow for all but the most credit worthy businesses. “But firms can avoid bankruptcy and minimize their losses if they get liquid now and remain in a liquid position until the economy slows,” Lowrey said. , Kaufman bases his forecasts of a record prime on what he sees as “vir tually no chance” the Reagan admi nistration will be able to have a sub stantial effect on our “unpre cedented” inflation rate this year. “The key is inflationary expecta tions,” Fred Henning, vice presi dent, Boston-based Fidelity Man agement & Research Co., said. “It used to be that a prime rate of 12 percent would automatically shut off borrowing. But if business perceives that inflation will continue to accel erate, they will think 20 percent or even more is a good buy.” Lowrey said even if Reagan can’t make a substantial dent in the federal deficit in 1981, “he can cut inflation ary expectations and that will go a long way to bringing down rates.” Rates also depend on whether the Federal Reserve is pegging the fed eral funds rate or is concentrating on the money supply and letting in terest rates take their course. Some market rates have eased but this key rate has remained at a very high level. The funds rate is what banks charge each other for over night loans of reserves. “The prime and other rates can’t come down substantially until the federal funds ease,” Jones said, and he is one of a number of analysts who think the Fed has shifted its focus from the funds to the money supply. The Fed’s significant draining last week when the funds dipped was “‘a ‘Elephant Man’ disease treatment available United Press International BOSTON — Victims of the dis figuring genetic disease featured in the play and motion picture “The Elephant Man” can receive treat ment at a clinic opening today at Massachusetts General Hospital. The specialized treatment center for neurofibromatosis is the only one in New England and one of about five nationwide, said clinic director Dr. Robert L. Martuza. In its most severe forms, neuro fibromatosis can cause hundreds of tumors to form at nerve endings, ele vation of the skin surface, enlarge ment of the head, disproportionate leg length, and excessive folds of skin and tissue result. The central character in “The Elephant Man” is so severely afflicted with neurofibromatosis he is displayed in a carnival freak show until a physician takes an interest in his case. Martuza said the little- understood disease is not curable or preventable, and the clinic can only treat its symptoms. An estimated 100,000 Americans have varying de grees of deformity from the disease. AGGIES! Don ^ ' Jew C Hoi IT 10% AGGIE DISCOUNT on ALL MERCHANDISE WITH STUDENT ID (Cash Only Please) We reserve the right to limit use of this privilege. Downtown Bryan (212 IN. Main) and Culpepper Plaza ST. MARY’S CATHOLIC CHURC Announcing Inquiry Classes iBegins.... Tues. Feb. 3 Time... .730pm Place....St. Mary’s For interested Non-Catholics & Catholic Rabbi Jacob Izakson Christian & Judoism — a comparison — selected topic 8:00 p.m. Feb. 4 350A MSC OPEN TO PUBLIC Hillel Jewish Student Center mopping up of bank reserves that resulted from implementation of the Iranian agreement,” Jones said. “I didn’t see any policy implications in its actions that particular day. “I suspect the Fed is puzzled by the money figures now because of a shifting of money to NOW accounts,” Jones said. “The Fed will likely keep bank reserves in a hold ing pattern until it gets a better fix on the money supply.” Another pesky factor for the Fed to contend with is the surprising strength of the economy in the final quarter of 1980. “The 5 percent growth in the GNP indicates that in flation still isn’t under control,” Hen ning said. “The problem is we don’t know what interest rate it will take to slow inflation, and the Fed doesn’t know either,” Henning said. “Given the uncertainties of the environment we’re in, you have to. throw the his tory books out the window. ” r LAMIi\ATL\(i- ATVTV CT'TT? 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