»age 6 THE BATTALION
TUESDAY, OCTOBER 27, 1981
State / National
MSC AGGIE CINEMA
PRESENTS
FRED ASTAIRE
GINGER ROGERS
SWING
TIME
TUESDAY
OCT. 27
$1.00 W/TAMU ID
THEATRE
$1.00 W/TAMU I.D. TICKETS AVAILABLE MONDAY-FRIDAY 9-
4:30 AND 45 MINUTES BEFORE SHOWTIME AT MSC BOX OF
FICE.
Warped
By Scott McCulk
WHO THE
HELL ARE
I ?
your
My NAME'S
CHERYL, I'M
A WAG6IE.
I’VE JUST ALWAYS
WANTED TO 0E
.IN THE BAND.
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WHAT DoV-
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YOU'RE
DOIWS?
WHO...
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IF YOU DON'T
CALN\ DOWN
YOU'RE 60NNA
THROW OFF THE
BAND'S INCREDIBLE
WHAT ARE
YOU GETTING
SO WORKED
UP ABOUT?
YOC/ CAN'T
BE l/V THE.
BA/VD. VOtliflE
A WOAAAR/.
YOU MESS UP
vTHE UNIFORM ITT?
YT
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*^DID ANYONE EVER TELL
YOU YOUR RED HAIR
MAKES YOU STICK OUT
LIKE A SORE THUMB ?
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No recession yet, analysts claim
United Press International
WASHINGTON — It may look
like one, feel like one and become
one, but analysts say President
Reagan was possibly premature
last week when he said the eco
nomy had already entered a reces
sion.
not valid during anv other special
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iny 17" or 20"
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Free Delivery
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846-3768
my 10" or 14'
two item or mort pizza
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Chanello’s
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not valid .dining anv dthci ‘v|x-i m'i
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&
PIZZA & SUBS
$1 Off
with this c oupon il it
to youi address with
from llii’ time y
/out order A 1
s not delivered „
mi ill mini U's Y 1
rd end
Chanello’s
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2 FREE COKES
with every PIZZA
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DEAR PIZZAEATER,
I am writino to let you know that CHANELLO’S is your # 1 Pizza
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BODY
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Analysts say economic indi
cators in the next couple of months
will show whether Reagan’s de
claration was correct or not.
“I think the administration
jumped too quickly in declaring
this a recession,” said Herman
Leibling, a former economic fore
caster for the U.S. Department of
the Treasury.
Leibling said last week’s na
tional gross national product re
port, which showed the GNP de
clining overall for the second
straight quarter, contained some
positive news.
R!
7:15
7:25
Coming Soon:
“ALTERED
numr Reynolds
PATERNITY
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7:20
He cited a major GNP category
that measures gross domestic pur
chases, which is the demand of the
economy in the United States, ex
cluding export business.
That measure increased 1.2
percent at an annual rate. The de
cline in exports, indicating weak
ness in many foreign economies,
helped drag the GNP down by an
annual rate of 0.6 percent during
the third quarter.
Theodore Torda, a senior Com
merce Department economist,
said two significant economic indi
cators for production and employ
ment still show far more strength
than would be expected during a
recession.
The economic indicators mea
sure the number of industries im
proving and deteriorating.
“More than 58.4 percent of in
dustries are expanding,” Torda
said of the employment index.
During last year’s recession, that
number slipped to 31.4 percent.
Reagan’s use of the word “re
cession” last week caught many
administration spokesmen and
Democratic leaders by surprise.
But these economic statistic
seemed to confirm his view;
— Housing starts, the lifeblooo
of the construction industry, slip
ped still more in Septembertoliel
third lowest level on record.
— Personal consumption ei-
penditures dropped.
— GNP from July through Sep-
tember declined.
— Orders for durable
the fuel of heavy industry
main support of employment,;
slipped downward.
— The Consumer Price Indo,
instead of being steadied ht
months of tight money, turned
the third straight month ofstronj
increases.
Despite these statistics, econol
mic analysts still expressed doubts
that anything new had arrived
confirm a recession.
Leibling said: “Perhaps
are going to see is a succession
flips and bounces. At the moment
I think there is very little basish
predicting any sharp recessi®
and, in terms of even a weakreos-
sion, perhaps we ought to wait aid
see.”
JUAREZ
dM tehuila
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