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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Oct. 30, 1981)
State / National Wall Street skeptical over deficit U.S. debt exceeds predictions United Press International Washington — The Reagan administration says the federal de ficit could swell to $100 million by fiscal 1984 — the year it has targeted for a balanced budget — unless further measures are taken. Budget Director David Stock- man says the administration, which has already imposed record tax and spending cuts, is deter mined to do what is necessary to bring spending in line and balance the budget. Amid these pledges and words of determination, the government announced Wednesday that the federal deficit for fiscal 1981, which ended Sept. 30, was $57.9 billion, $2.3 billion higher than the administration’s forecast. Stockman, citing enormous up ward pressures on the economy, said government spending, large ly due to high interest rates, is running “substantially beyond our targets.” Speaking before Congress’ Joint Economic Committee Stockman said, “Congress will have to con sider some serious and tough ac tions to bring the deficit down.” But this year’s figure, since it is higher than estimates, could in crease skepticism on Wall Street and Capitol Hill about forecasts for 1982. The bigger the deficit the more Elvis flew to coast for drugs, aide says United Press International MEMPHIS, Tenn. — Elvis Presley would round up aides and ily to the West Coast in the small hours of the morning in search of drugs if his personal physician re fused to give him what he wanted, a Presley aide has testified. A jury also was told Wednesday that Presley took drugs to go wild on stage, then more to relax after wards, despite a doctor’s warning he was on the brink of death be cause of drug intake. Testimony depicted Presley as agulper of sleeping pills, who took four or five before going to bed and then demanded more several times during the night. The jury also heard of elaborate measures Dr. George C. Nicho- poulos, Presley’s physician for 11 years, and aides took to intercept drug shipments to Graceland, Presley’s Memphis mansion, and to replace hard drugs with place bos, drug-free pills. Al Strada, an aide to Presley, testified Presley received much, much less medication under Nichopoulos’ care than he had on the West Coast where physicians from Palm Springs, Los Angeles and Las Vegas gave in to his drug demands. On occasions when Nicho poulos refused to give Presley the medication he wanted, Presley would arrange a hasty trip to the West Coast to have his hunger for drugs satisfied by other doctors, Strada said. After one such occasion, a doc tor visited Presley, who then went into hiding and remained incohe rent for a week, he said. Dr. Larry Wruble, who treated Presley periodically between 1973 and 1974, said he and Nichopoulos told Presley that if he continued to take “uppers, downers and that kind of thing” he would die. Military supply supervisor indicted for bribery, fraud United Press International DALLAS — A federal grand jury has indicted a former super visor at the Army and Air Force Exchange Service and two Califor nia businessmen on bribery charges. Raymond]. Pawlowicz, former AAFES supervisor, was indicted on six counts for taking kickbacks from companies selling goods to the Dallas government agency. AAFES supplies retail goods to military personnel and their fami lies throughout the world. Pawlowicz, 51, is charged with taking bribes from companies to make sure they got AAFES busi ness. The indictment charges Pawlowicz with conspiracy to de fraud the-government, lying to a federal, grand jury, and filing fals% income tax returns for three yearsi Pawlowicz was fired last June after working for AAFES for 25 years. The grand jury also charged Makoto Shiroishi of Los Angeles and Masaaki Nakamura of Carl sbad, Calif., with conspiring to bribe AAFES employees to obtain business for their jewelry com panies. A lengthy investigation into AAFES procedures already has resulted in 36 convictions. the government has to borrow and the greater the upward pressure on interest rates. A late wave of profit prior to the Treasury’s report on borrowing needs left the stock market with mixed results Wednesday in fairly active trading. The Dow Jones industrial aver age, up more than five points at mid-afternoon following Tues day’s 7.42-point gain, lost 0.77 point to 837.61. The administration had forecast a 1981 fiscal year deficit of $55.6 billion. The deficit for 1980 was revised to be $59.5 billion after moving $561 million in income from oil lease bids into 1981. The deficit figures, announced jointly by the Treasury Depart ment and the Office of Manage ment. and Budget, resulted from federal outlays of $660.5 billion not entirely covered by the $602.6 billion in receipts. In a move that could help ease the federal debt, U.S. Trade Rep resentative William Brock Wednesday called for worldwide elimination of subsidies which ma jor trading nations, including the United States, use to encourage their own exports. Brock said the world’s free mar ket industrial countries .together spent $5.5 billion on these sub sidies in 1980 alone, with the Un ited States contributing $315 mil lion. In general, countries extend these subsidies by making loans at below market interest rates to help their exporters make sales abroad, particularly in developing countries. The money comes from tax payers of exporting countries. MANOR EAST III 823-8300 FRIDAY & SATURDAY MIDNIGHT It takes all kinds of critters to make Fanner Vincent Fritters 1 /' You might just die... laughing! "MOTEL UElr'aminn ROBY CALHOUN FlVULUNkE NANCy PARSONS NINA AXELROD and 1UOLFMAN |ACK1 produc'd hv STEVEN-CHAKLES |AFFE and ROBERT IAEFE nmaliw product HERB |AFFE wrdltnby ROBERT 1AFFE andSTEVEN-CFI ARIXS JAFFE dirodud hv KEVIN CONNOR mink hi LANCE RL'BIN R" nat&Ss^}' ^ United Artists ******* THE BATTALION Page 11 FRIDAY, OCTOBER 30, 1981 MANOR Manor East Mall I m 7:30 9:50 12:00 Indiana Jones- ^ the new i hero from / the creators of JAWS and STAR WARS. HARRISON FORD KAREN ALLEN HUJL FREEMAN RONALD LACEY JOHN RHYS DAVIES DENHOLM ELLIOTT JOHN WILLIAMS ,GEORGE LUCAS .. HOWARD KAZANJIAN . .LAWRENCE KASDAN ... .GEORGE LUCAS PHILIP KAUFMAN FRANK MARSHALL n™ .STEVEN SRELBERG . ~ aniuri^yiST abahamoum huix f IPGiPMOnW. GUKJAHCF SUGGEST10 3E-| II DOLBY STEREO 7:20 9:40 It’s a hot summer. Ned Racine is waiting for something special to happen. And when it does... He won't be ready for the consequences. BODY HEAT As the temperature rises, the suspense begins. * "t “BODY HEAT'' WILLIAM HURT KATHLEEN TURNER and RICHARD CRENNA Written and Directed by LAWRENCE KASDAN Produced by FREDT. GALLO panavisioN" technicolor A LADD COMPANY RELEASE O ooooooooooooooooooooooooooooooooooooooooooooooooo CAMPUS THEATRE 846-651 2 Now Showing 7:40 9:50 BURT REYNOLDS PATERNITY Fri.-Sat. Midnight a different set of jaws. 20th Century-Fox Presents A LOU ADLER - MICHAEL WHITE PRODUCTION THE ROCKY HORROR PICTURE SHOW Starring TIM CURRY • SUSAN SARANDON • BARRY BOSTWICK Original Musical Play, Music and Lyncs by RICHARD O'BRIEN Screenplay by JIM SHARMAN and RICHARD O'BRIEN Associate Producer JOHN GOLDSTONE • Executive Producer LOU ADLER Produced by MICHAEL WHITE • Directed by JIM SHARMAN R RESTRICTED UNDER 17 REQUIRES ACCOMPANYING PARENT OR ADULT GUARDIAN ©1979 20TH CENTURY-FOX | MIDNIGHT Announcing The First Annual Rocky Horror Halloween Costume Contest. All Costumed ' Patrons Admitted for $1. Costume Contest With lst-3rd Prizes Awarded. 1st Prize — 40 x 60 Rocky Horror Poster & 6 month Pass for 2 to The Campus. 2nd Prize — 20 x 40 Rocky Horror Poster 8c 3 month Pass for 2. 3rd Prize — 20 x 40 Rocky Horror Poster. 0 oooooooooooooooo oooooooooooooooooooooooooo ooooooo