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.
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