National
THE BATTALION Page 11 i
WEDNESDAY, NOVEMBER 25, 1981
Lawyers ask for treatment
Hinckley may get mental aid
8a.m,
0:30 p,a,
EN 24
10 a.m,
3 p.a,
8 a.m,-
4 p.m,
8 a.m.
10 p.m.
11 a.m.
: 30 p.a.
8 a.m.
5 p.m.
p.m.
i/ving
er a
Staff photo by Daniel Sanders
Ags take tea for victory
MSC Basement Committee set
teasip drink-off Tuesday by
up this
Rudder
Fountain to boost Aggie
Thursday’s football game.
spirit for
October inflation rate
smallest rise in a year
United Press International
WASHINGTON — A dramatic
drop in housing prices helped
inflation in October to just
4.4 percent at an annual rate, the
government reported Tuesday.
The Labor Department said its
Consumer Price Index rose 0.4
percent overall for the month after
seasonal adjustment — just one-
third of September’s monthly in
crease and the smallest rise in over
a year. The projected annual rate
for September was 14.8 percent.
The average price of a house fell
.7 percent in October which is a
sharp turnaround from a long his
tory of steady increases, the de
partment said. Home financing
costs also went down 0.1 percent.
Housing costs overall, which
had risen by more than 1 percent a
month for the past five months,
showed no change for October.
“We have a deflation in prices
of homes of a magnitude we have
not seen since the 1930s, said
Michael Sumichrast, chief eco
nomist for the housing industry’s
major trade group, the National
Association of Home Builders.
Tfl wanted to sell my house, I
obviously couldn’t get as much as a
year ago,” Sumichrast said. He
added that next year could pro
vide potential homebuyers, with
enough cash to negotiate, the best
deal they’ll ever find.
High interest rates, he said,
have helped generate the housing
surplus which has driven down
prices.
The Labor Department’s
annual projection of the Consum
er Price Index figure was the
lowest since July 1980, a period
when mortgage interest rate shifts
produced a 1 percent annual rate
of increase widely regarded as a
statistical deviation.
Theodore Torda, senior Com
merce Department economist,
called the October figure decep
tively low, saying it was not indica
tive of the underlying rate of infla
tion,
“That underlying inflation rate,
we think, is still in the range of 8 to
9 percent, so that this latest read
ing on the Consumer Price Index
is probably an aberration on the
low side, he said.
The annual rate of consumer
inflation was over 10 percent from
July through September after
being below the double-digit level
from January through June with
only one exception, February.
Food prices also moderated,
rising only 0.2 percent for the
month, the lowest rate of increase
since June. The deceleration was
due largely to a sharp decline in
prices for fresh fruits and veget
ables, the Labor Department
said.
Transportation costs went up
1.2 percent for the month, helped
up by an identical increase in gaso
line prices. Used car prices shot
up 3.1 percent, the fifth straight
month of substantial increases.
Decreases in the prices of fuel
oil and electricity were partially
offset by an increase in the cost of
natural gas.
New car prices showed up in
the index for the first time and
dropped 0.3 percent, a result of
introductory rebate promotions
necessary because of generally
sagging sales.
A moderate increase in clothing
prices was another factor helping
keep the total index in the low
range, going up only 0.2 percent
for the month.
More typical of past perform
ance were strong increases in
medical care which was up 1.0
percent.
The Consumer Price Index for
October rose to 279.9, which
means it cost $279.90 to buy the
government’s sample “market
basket” of goods and services
which cost $100 in 1967.
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United Press International
WASHINGTON 4— Lawyers
for accused presidential assailant
John W. Hinckley Jr. asked a
judge Monday to send him to a
hospital for psychiatric care- in the
wake of a second suicide attempt.
In papers filed in U.S. District
Court, defense lawyers said Hinc
kley has never received psychiat
ric care since his arrest on March
30, moments after President
Reagan and three others were shot
outside a Washington hotel.
Last week, Hinckley attempted
to hang himself in his jail cell atthe
Army stockade at Fort Meade,
Md. Federal guards cut him down
after he hung in a self-styled noose
for three to five minutes.
Hinckley was hospitalized for
several days alter suffering from a
lack pf oxygen, but further tests
are heeded to determine whether
he suffered brain damages.
It was Hinckley’s second
suicide attempt. In May, he took
an overdose of a Tylenol in an
apparent suicide attempt.
“During his eight months of in
carceration, Mr. Hinckley has
been the subject of intense
psychiatric evaluation, psycholo
gical and neurological testing and
medical examination, defense
lawyers said. His lawyers asked
the judge to order Hinckley trans-
fered to St. Elizabeth’s Hospital, a
psychiatric facility in Washington,
to get psychiatric treatment.
A Justice Department spokes
man said prosecutors will oppose
the request at a hearing on kill Reagan and wounded tlirei
Wednesday. others. VVith his suicide attempti
Hinckley is scheduled to go on is uncertain whether the trial wil
trial Jan. 4 on charges he tried to begin on time.
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