Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Oct. 26, 1981)
THE BATTALION MONDAY, OCTOBER 26, 1981 Page 11 National What’s up at Texas A&M Monday MSC HOSPITALITY: Fashion show from 1:(X) p.m. to 2:00 p.m. at Rudder Fountain. MSC TOWN HALL: The Charley Pride First Annual Pumpkin Push will he held at Rudder Fountain from 11 :(X) a. m. to 12:30 p.m AGGIE ALLEMANDERS: Class will dance from 7 p.m. to 9 p.m. Club will dance from 9 p.m. to 10:30 p.m. in 212 MSC. TAMU OUTDOOR LEADERSHIP PROGRAM: Orienta tion meeting for anyone interested in this new program form ing under MSC outdoor recreation committee. Meet in 321 Physics Building at 7:30 p.m. DEBATE SOCIETY: Evidence assignments due and finalize tounarnent entries. Meet in Military Science Building at 7 p.m. FORENSICS SOCIETY: Finalize entries. Meet in Military Science Building at 7:30 p.m. COIXEGE REPUBLICANS: Guest speaker Jeff Brown will address club and picture will he taken for the Aggieland at 7:30 p.m. in 140 MSC. INTRAMURAL WEIGHTLIFTING CONTEST: The Women’s competition will begin at 5 p.m. in the P. E. Adap tive Room. The Men’s contest will begin at 6 p.m. in 256 G. Rollie White. SOIL CONCERVATION SOCIETY of AMERICA: A guest speaker ami a film will be presented at 7:30 p.m. in Soil and Crop Science Building. COLLEGIATE 4-H CLUB: Meeting to talk about Brown- ; wood trip, program on livestock judging at 7:30 p.m. in 113 Kleburg. SOUTH LOUISIANA HOMETOWN CLUB: Yearbook pic tures, will be taken followed by a meeting at 6:30 p.m. MSC • lobby. HILL COUNTY CLUB: Picture for Aggieland at 7 p.m. in MSC Lounge. CATHOLIC STUDENT ASSOCIATION: Bible Study at 7:30 p.m. in the Student Center. Night prayer will he held at 10 p.m. in the Church. Tuesday MSC BASEMENT: Bring money for T-shirts at 7 p.m. in 212 MSC. TRADITIONS COUNCIL: Howdy T-shirts will he on sale Wednesday, Thursday and Saturday in the MSC. CLASS OF ’82 MEETING: Dr. Samson will speak and class council picture will be taken at 7:30 p.m. in 204 Harrington. INTRAMURAL SWIMMING DIVISIONALS: Meet will begin at 7 p.m. in P.L. Downs Natatorium. DATA PROCESSING MANAGEMENT ASSOCIA TION: Zapata will be presenting information on careers in Data Processing from 7:30 p.m. to 10:00 p.m. in the Aggieland Inn Conference Room. All students and faculty invited for refreshments and discussion. AMERICAN FOUNDRYMEN S SOCIETY: Production work will be discussed at 6 p.m. in Thompson Hall Foundry. PRE-MED/DENT SOCIETY: Dr. John Ross D.D.S. will speak on "Foreign Medical and Dental Missionaries” at 8 p.m. in 321 Physics Building. Pictures for Aggieland will be taken. SOCIETY of AUTOMOTIVE ENGINEERS: EPA Fuel Economy Ratings:P’act or Fiction? Meet in 103 Zachry at 7:30 p.m. POLITICAL FORUM: Debate on ERA between Phyllis Schafly and Katerin Brady at 8 p.m. in Rudder Theatre. FOOD SCIENCE CLUB: Meeting at 7 p.m. 127 Kleburg. CHI ALPHA: Charismatic worship and teaching from the Bible at 7 p.m. in Rudder Tower. COLLEGIATE FFA: Rural safety at 7:30 p.m. in 110 Har rington. TAMU COLLEGIATE HORSEMEN’S ASSOCIATION: Club pictures will he taken in the lobby on Zachry at 8 p.m. TAMU RODEO CLUB: Final preparations for the All Aggie Rodeo at 7:30 p.m. in 103 Kleburg. REBELS RESTAITRAOTT AAO BAR WHAT?! REBELS IH OIVLVG AWAY FREE APPETISERS >Ioi*.~T1imi-*., from 4-7. Come get boiled slir’iiup this Mon. Monday — SUnHlmp Least 7 p.iu.-l ? p.m. Tuesday — Aggie Hones 9 p.m.-12 p.m. Va price deinks. Live Band and Ao Covee Wednesday — 7 p.m.-12 p.m. all steaks 4.95 and .75 Longneeks Sunday Beuneh IT a.m.-3 p.m. COME WATCH OCR YEW GIANT SCREEN Wm tv 4501 S. TEXAS *46-0945 Despite tight policy economy has setbacks September sees double-digit inflation United Press International WASHINGTON — The tight money policy designed to wring inflation out of the economy faced a setback in September when the Consumer Price Index jumped again, some economic analysts say. The Labor Department re ported Friday that the price index was up 14.8 percent when the rate was seasonally adjuThd and com pounded for 12 months. Septem ber was the third consecutive month of double digit inflation — a rate of 10 percent or more. Administration spokesmen, who claimed credit earlier in the year when inflation sank to single digits, said September was an ex ception. The damage to spending power was detailed in a separate Labor Department report showing real spendable earnings of Americans declined 1.9 percent in Septem ber, the biggest drop since April of 1979. During the past year, with in flation and taxes figured in, real spendable earnings have de creased 4.4 percent. Murray Weidenbaum, chair man of the president’s council of economic advisers, said the Sep tember figure “emphasizes that inflation continues to be a serious problem.” But he added that, “the underlying rate remains below double digits. Another administration eco nomist, Robert Ortner of the Commerce Department, said. “The total increase is somewhat disappointing.” But he said spe cial circumstances, especially a heavy influence of higher mort gage interest rates, would soon pass, leaving a lower inflation rate behind. If the mortgage interest rate in creases during September were eliminated, particularly a tempor ary increase in the government in sured mortgage rate that dis appeared this month, the overall inflation rate would have been 0.8 percent, instead of 1.2 percent. Private economist Michael Evans, who heads a Washington forecasting firm, pointed out, however, that even with mortgage interest rates eliminated from the index, it still would have climbed at a 10.4 percent annual rate in the third quarter. “Coming on top of the GNP de flator it’s got to make the Fed think three times about lowering interest rates further,” Evans said. He was referring to Wednes day’s Commerce Department estimate that inflation during the third quarter throughout the eco nomy had accelerated sharply, from 6.4 percent to a 9.4 percent annual rate. The Fed’s course of restraining the growth of the money supply and letting demand for credit raise interest rates is intended to pro duce some economic slack, during which prices are supposed to soften. Senate Democrats, charging the Fed is “way off track” with its tight money policy, formed a task force to develop an alternative solution for fighting high interest rates. In a letter to Sen. Donald Riegle, D-Mich., asking him tc head the taskforce, Senate Demo cratic leader Robert Byrd said there is a consensus within the party that Democrats should “challenge the administration on its high interest rate policy.” Evans said he believes sellers are holding fast on prices, despite the pressure. “There’s only a li mited amount of inflation you’re going to wring out with tight money,” he said. The strongest price hikes were not in housing, but in a grouping of services and goods that includes college tuitions that went up 1.8 percent for the month. In the oilfields, worldwide, NATIONAL is the leader. We’ll challenge you to become a leader, too. National Supply Company offers opportunities for professional and personal growth for majors in Mechanical Engineering and Industrial Engineering. YOU’RE INVITED TO ARRANGE FOR AN INTERVIEW WITH US ON OCTOBER 30, 1981. Worldwide headquarters, Houston, Texas. c—> ARMCO NATIONAL SUPPLY COMPANY An equal opportunity employer M/F