national
Battalion/Page II
February 24,
1981 GNP signals hike
in unemployment rate
United Press International
The nation’s gross national
product, hit by a 4.7 percent
drop in the final quarter of
1981, rose by a scant 2 percent
last year. This slow rate of in
crease underscored the reces
sion and raised fears that the
already high unemployment
rate would rise.
Traditionally, a 3 percent
rate of growth is needed to keep
unemployment from rising.
Based on the 1981 GNP figure,
economist Michael Evans pre
dicted that unemployment, now
at 8.8 percent, may soon rise by
about a half percent.
The 4.7 percent drop in the
GNP for the October through
December period, reported by
the Commerce Department
Monday, was a slight improve-
ment over the initial January
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estimate of a 5.2 percent decline.
The economic performance
for 1981 was substantially better
than that of 1980, when the re
cession pushed down the GNP
by 0.2 percent. In 1979, it rose
by 3.7 percent.
According to the report, the
total value of the nation’s goods
&nd services during the fourth
quarter was $2.9 trillion at a sea
sonally adjusted annual rate.
The government determines
the gross national product by
adding what consumers,
businesses and the government
spend, how much change there
is in backlogs of goods and how
much is exported.
Economists disagree over
how seriously the economy is
suffering now. Government
analysis forecast a decline from
January through March, and
private economists vary their
estimates of the drop from 1.5
percent to 4 percent.
The fluctuations were re
flected by several small banks,
which lowered their prime in
terest rate to 16.5 percent from
17 percent. The cut came only a
few days after major commercial
banks hiked this base rate to the
higher level.
LIMB Bank 8c Trust, a sub
sidiary of United Mizrahi Bank
of Israel; Ameritrust Co. of
Cleveland and Southwest Bank
of St. Louis moved back to a 16'A
percent prime interest rate.
They were responding to the
Federal Reserve’s report Friday
that the basic money supply fell
by $3.1 billion in the latest re
porting week, a report many
analysts feel will allow the Feder
al Reserve to ease back on its
recent tight squeeze on bank re
serves.
What’s Up at Texas A&M
Wednesday
OFF CAMPUS AGGIES; General meeting on voter registration
at 6 p.m. at the Brazos Center.
TEXAS A&M SPORTS CAR CLUB: Meeting at 7:30 p.m. in
607 Rudder.
ANTHROPOLOGY CLUB: Maya archaeology in Central
America by H.J. Shafer will be presented at 7:30 p.m. in 301
Bolton.
AGGIE SPELEOLOGICAL SOCIETY: Recap Oklahoma
trip and plan spring bash at 7 p.m. in 350 MSC.
AGGIE SCOUTS: Girl Scout cookie booth sales all week from
Feb. 24 to Feb. 26 in the MSC.
UNIVERSITY QUIZ FILE: A drive to collect quizzes for the
University Quiz File will be from Feb. 24 to Feb. 26. Collection
boxes will be located in Zachry, 101 A8cA, MSC and the library.
NEWMAN CLUB: Meeting at 7:30 p.m. in the student center.
STUDENTS FOR ACADEMIC EXCELLENCE: An expla
nation of how we as students want to help the administration
and the Lniversity solve some of our academic (teaching) prob
lems will be in 105 Heldenfels.
COLLEGE OF LIBERAL ARTS: A'representative of the
Southwestern Paralegal Institute will talk about careers as a
paralegal at 4 p.m. in 201 Harrington or 7 p.m. in 200 Har
rington.
TAMU HISTORICAL SOCIETY: “Moderation in a Revolu-
tionalry World” by Professors Baum and Cress will be at 7 p.m.
in 204C of the library.
WOMEN STUDENTS ORGANIZATION: Carolyn Reffino
from “Rapt Crisis" will speak at 7:30 p.m. in 501 Rudder.
MSC AGGIE CINEMA: "Man of Marble" will be shown at 7:30
p.m. in Rudder Theatre.
UNIVERSIT Y LUTHERAN CHAPEL: Ash Wednesday ser
vice with impoMtion of ashes and holy communion at 10 p.m. in
the University Lutheran Chapel. 315 N. College Main.
STUDENT SENATE: Meeting at 8 p.rn. in 204 Harrington.
UNITED CAMPUS MINISTRY: Aggie Supper at6:15 p.m. in
the A&M Prebyterian Church, 601 Church Street.
UNIVERSITY QUIZ FILE: A drive to collectquizzeslori
university quiz file will lie today and tomorrow.Collection)*
will be located in Zachry, 101 A&A, MSC and the iibrar.
TAMU MICROCOMPUTER CLUB: Dr. Norman Halt
baugh will speak on “Possible Applications of Computer,:
Veteranary Public Health” at 7:30 p.m. in 203 Zachry.
CAMPUS CRUSADE FOR CHRIST: Special meeting
ing Melanie Alquist, regional traveling representative«
Campus Crusade for Christ, will be at 7:30 p.m.in 10811*
rington.
UNITED CAMPUS MINISTRY: Women’sbiblestudyaki
p.m. at 1002 Pershing Street.
AGGIE SCOLJTS: Girl Scout cookie booth sales toda;
tomorrow in the MSC.
SURF CLUB: New movie “Thunder Down Under and Pad
Dreams” f ootage of Mexico, Hawaii, Calif, and AustraliakiEid
shown at 7:30 p.m. in 100 Heldenfels.
AMERICAN INSTITUTE FOR DESIGN AND DRAFi
ING: A representative from Koh-i-noor will speak at
304 Old Engineering Building.
LAMBDA SIGMA SERVICE HONOR SOCIETY:Ik
mation session for interested freshmen at 6:30 p.m. in2284:
the MSC.
STUDENT “Y" SPRING PROJECT: Planning and dm®;
spring project will be at 6 p.m. in 401 Rudder.
UNIVERSITY LUTHERAN CHAPEL: LeavetorSher
Nursing Flome to visit and sing at 6:30 p.m. in the Unit
Lutheran Chapel, 315 B. College Main.
Friday
Thursday
OUTDOOR EDUCATION INSTITUTE: A class on basic
emergency medical care foroutdoorsmen will be from 7 p.m. to
10 p.m. in 119B G. Rollie White.
CATHOLIC ST UDENT ASSOCIATION: Them
retreat in Mexia, Tx. Friday through Sunday. For infortitti
call Greg Zouzalak (260-6660).
UNIVERSITY QUIZ FILE: Today isthe last day for the
to collect ouizzes for the university quiz tile. Collection 1
are located in Zachry, 101 A&A, MSC and the Iibrar)'.
AGGIE. SCOUTS: Today is the last day to buy cookiesir.Es
MSC from the Girl Scours.
UNITED CAMPUS MINISTRY: Friday night biblestudu.
be at 6:15 p.m. Check MSC video for the room number.
MSC AGGIE CINEMA: “Only When I Laugh” will be showi
8 p.m. in Rudder Theatre. Cheech and Chung's "Nice Dreas
will be shown at midnight.
‘Other’ Gimbel’s
for family name
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United Press International
BOOTHBAY HARBOR,
Maine — Jack Gimbel says he
laughed about it at first, but he’s
finding it more difficult these
days to joke about a federal law
suit filed against him by one of
the world’s largest conglomer
ates.
“I thought it was funny at
first, but there’s a limit to my
good humor,” he said.
Gimbel, 46, has operated a
tiny gift shop in the picturesque
seaside resort of Boothbay for
10 years, using the name of Gim
bel & Sons Country Store. A for
mer Midwesterner, Gimbel
moved to Maine to escape the
pressure of an insurance busi
ness he operated in Ohio.
But a New York law firm
tracked him to his tranquil re
treat and slapped him with a
lawsuit that says he has irrepar
ably damaged the Gimbels Bros,
department store chain by using
the trademarked name.
The complaint was filed in
U.S. District Court in Portland
in November by the BAT Indus
tries Ltd., which acquired the
chain of department stores in
1973.
BAT, Britain’s third largest
We will be on campus
March 5
Tosco
Corporation
10100 Santa Monica Blvd.
Los Angeles, CA 90067
Equal Opportunity Employer M/F/H
;orporation witn reported lyol)
revenues of $439 million, is
isking that all profits from the
store be turned over to the Gim-
nels chain, which comprises 35
stores in the East and Midwest.
37
The complaint said the name
Ken’s Automotive
421 S. Main — Bryan
822-2823
ip
“A Complete Automotive
v Service Center"
• Tune-Ups • Brakes
-
• Clutches • McPherson Struts
• Front End Parts Replacement
• Standard Transmission
“different spokes for
Repairs
different folks”
All American Cars
403 University (Northgate)
VW-Datsun-Honda
Open 10-7 Mon.-Fri. 10-5 Sat.
Toyota
846-BIKE
(Master Card & VISA Accepted)
sued
use
of Gimbel & Sons was used
the intent and purpose of
fusing or deceiving the pi
But Gimbel said heseillff
Gimbel & Sons because
proud of his name, and,in
as a symbol of family unit).
“That sign tells my cl
we’re of one flesh,” saidCii
whose three children all
the store.
Gimbel’s store sells
produced clothing arid s!.|
nirs, such as caps, tw
soap, fudge, dishes ar
ware.
“1 would venture tos:' 1
could take the whole store
comfortably set it in theco!
department of their store. 1
Gimbel, who is not related
family that owns Gimbel
Gimbel said he wasesi
surprised because Bruce
— a member of the GimWf
K art merit store familyH’l
is shop several years bade
vacationing in Maine: Bill
conversation was pleasjuM
no way indicated thereuc.-:
a court case because of
larity in names, he said.
Top Drawer
from
Basics to
Designers
Final Fall Merchandte
on Sale Assorted
Clothing 75% Oil
Levis - SedgeBcld - Lee ■ t
Blass - Calvin Klein
Paciiic • lackey - M
Blacker - Esprit - )'ori«t<
and more.
MSC Arts, Basement, Camera & Outdoor Recreation
present “I SAW THE WIND”
I SAW THE WIND is an exciting concert combining
Mark Thompson’s live musical performance and Bob
Jamieson’s spectracular photographs taken from ten
years of climbing in the Yukon, Alaska, South America,
and North American Rockies.
WITHOUT using any pre-recorded music, Bob
adapts precisely arranged slides to Mark’s songs as if
creating the choreography for a dance, challenging us
to see the world through a new set of lenses.
©NEVER SUMMER PRODUCTIONS 1981
Wednesday, March 3
8 p.m. Rudder Theatre
Tickets available at MSC Box Office
Call 845-1234