national
Battaiion/Page 12
March 4, 1982
January deals blow
to housing industry
United Press International
Severe winter weather, high
interest rates and the recession
were all blamed for giving the
struggling housing industry
another pounding in January —
a 22.8 percent drop in new
home sales.
The Commerce Department
reported Tuesday only 25,000
new homes were sold during the
first month of this year — the
second lowest housing sales rate
on record.
On a related front, six trade
associations involved in banking
and real estate urged President
Reagan to reduce federal de
ficits they said are devastating
their industries.
In a letter to Reagan Tues
day, they asked for cuts in the
budget, possibly defense, or that
scheduled tax cuts be rolled
back, or new taxes imposed.
Groups signing the letter
were: the American Bankers
Association; Mortgage Bankers
Association; National Associa
tion of Home Builders; U.S.
League of Savings Associations;
National Association of Mutual
Savings Banks; and National
Association of Realtors.
The number of houses sold in
January, if repeated for the next
twelve months, would amount to
an annual rate of 353,000 sales,
the department said.
That is the lowest rate since
September, when the fewest
new homes were sold since re
cords in the category were first
collected in 1963, the depart
ment said.
During all of 1981, 436,000
new houses were sold, 20 per
cent less than in 1980.
“It seems to me we must be
around the bottom of this cycle,”
said John Weicher, a housing
analyst now conducting a pro
ject for the American Enterprise
Institute and a former executive
director of the president’s Hous
ing Commission.
“The important thing about
January wasn’t just that it was
cold in the northern states,”
Weicher said. “It was cold in
areas not normally cold, like the
South.”
Such monthly price declines,
almost unheard of through the
1970s, have become common, as
high mortgage interest rates and
high prices make even the re
duced number of units on sale
loo many for the market to
handle.
A 1 percent drop in the max
imum allowable interest rate for
Federal Housing Administra
tion home loans took effect
Tuesday, a decline that should
make it possible for more poten
tial homeowners to buy.
The Department of Housing
and Urban Development said
the new interest ceiling for both
level payment and graduated
payment FHA single-family
home mortgages is 15.5 percent,
down from 16.5.
Truck hits
man’s house
United Press International
HAYDEN, Idaho — Tom
Hockett of Hayden was glued to
the tube watching “Too Close
for Comfort” when he heard
sirens and saw flashing lights.
Lucky for him he wasn’t watch
ing “M.A.S.H.”
A truck with a Kootenai
County sheriffs patrol car in hot
pursuit was headed right for his
living room but veered at the last
minute and plowed into the
front door of Hockett’s closed
garage.
The truck smashed a work
bench and nosed halfway
through a rear wall before com
ing to rest with the motor still
running and lights on.
“I was watching “Too Close
for Comfort” and this was too
close,” Hockett said.
The crash climaxed a wild
chase through Hayden that re
sulted in the arrest of a 20year-
old Rathdrum man, David
Blaine Duvall.
SCHULMAN 6
THEATRES
775-
2468
2002
E.29th
775
2463
7:25 9:35
BARBAROSA(pg)
Willie Nelson, Gary Busey
7:45 9:50
CANNERY ROW
Nick Nolle
7:45
REDS
(PG)
7:30 9:45
ARTHUR
Dudley Moore/Liza Minelli
7:25-9:10
ALICE !N WONDERLAND
THE DEVILAND MAX DEVLIN
Walt Disney
7:30 9:45
RAIDERS OF
THE LOST ARK
What’s Up at Texas A&M
Thursday
TEXAS A&M EMERGENCY CARE TEAM: A special educa
tional program with guest speaker Bill Shear will beat 7:30 p.m.
in 206 Harrington. FAeryone is welcome.
WEST TEXAS SAN ANGELO HOMETOWN CLUB:
Short meeting and social outing at the Hall of Fame at 8 p.m.
DATA PROCESSING MANAGEMENT ASSOCIATION:
Tymshare will be presenting a technical session on the topic of
“Computer Networks” from 7 p.m. to 8 p.m. in 350 MSC.
OUTDOOR RECREATION COMMITTEE: Outdoor hori
zons conference from March 4 to March 6 at the MSC facilities.
CIRCLE K: Officer elections will be held at 7 p.m. in 140A MSC.
All members are urged to attend.
CLASS OF ’83: General meeting with Jackie Sherrill speaking in
601 Rudder from 7:30 p.m. to 8:30 p.m.
CAT HOLIC STUDENT ASSOCIATION: Inquiry Class II
will meet at 6 p.m. in the student center. Night prayer will be
held at 10 p.m. in St. Mary’s Church.
AGRICULTURE ECONOMICS CLUB: Topic will be “Com
puters in Agriculture” at the meeting in 209 Harrington at 7
p.m.
UNITED CAMPUS MINIST RY: Women’s bible study will be
at 7:30 p.m. at 1002 Pershing St.
CAMPUS CRUSADE FOR CHRIST: Leadership training
class will be at 7:30 p.m. in 108 Harrington. Everyone is wel
come.
STUDENT “Y” SPRING PROJECT': Assignments for run will
be given at this final meeting In 601 Rudder.
TAMU MICROCOMPUTER CLUB: Workshop for club pro
jects center will be at 7:30 p.m. in 106 Highway Research
Center.
MSC AMATEUR RADIO: Guest speaker Jake Canglose will|
speak on tornado spotting at 7:30 p.m. in 140 MSC.
TAMU INTERNATIONAL FOLKDANCERS: Dancmsl
p.m. in 266 G. Rollie White. Newcomers are always welcome to
come dance with us.
Friday
Come Join Us For
Happy Hour!!
QQ^ 2 P- m -- 6 P- m - D a«y
V> Pitchers of Lowenbrau and Miller Lite
990 Orders of Nachos
Depression is common;
causes, cures obscure
at
ALFREDO’S TACOS AL CARBON
509 University Dr. NORTHGATE
846-3824
Grand Opening
Specials
FRIDAY & SATURDAY
MARCH 5 & 6
30°/(
Long & Short
0 Off Sleeve T-Shirts
Refreshments, Drawings, Discounts
7TUIfi>' hracvri |uv||
4411 So. Texas 846-8156
10 a.m. to 6 p.m.
K&M
SEEKING SCHOOL
OF HAIR DESIGN
AH work done by
Senior Students
at reduced
salon rates!
693-7878
“K&M Sebring School of Hair Design”
693-7878
1406 Texas Ave.
Down from Gibsons
United Press International
COLUMBUS, Ohio — Of all
psychiatric disorders, depress
ion is the most common. But the
director of the Ohio State Uni
versity Hospitals’ Depression
Clinic says research on its causes
and cures is still far from com
plete.
Dr. Stephen L. Stern, an asso
ciate professor of psychiatry,
says the year-old clinic is one of
about six similar facilities in the
nation trying to learn more ab
out depression as well as treat it.
“By having a specific facility
to deal with it,” he said, “we feel
we can offer high-quality care
and at the same time, do re
search on treatment.”
differs from the blues — every
day ups and downs — in that the
depression interferes with the
person’s ability to function.”
Victims of clinical depression
may suffer from a variety of
physical symptoms, including
appetite loss, insomnia, anxiety
or guilt, and an inability to enjoy
once-pleasurable activities.
Stern said the chances of de
veloping major, clinical depress
ion in a lifetime are one in six
and about 4 percent of the
population suffers from de
pression at any one time.
And, he said, there is a 60 per
cent chance of recurrence in for
mer victims of clinical de-
Patients are either referred to
the clinic by their psychiatrist or
they seek out the facility them
selves. Those admitted must be
diagnosed as suffering from cl
nical depression and as able to
benefit from medication.
presston.
Still, Stern said, “The great
majority of people can be
helped.”
“Clinical depression is a con
dition in which a person has low
moods that stay with him nearly
all the time and last for at least
two weeks,” Stern explained. “It
Stern has treated about 50 pa
tients at his clinic, and currently
eight persons are participating
in the clinic’s first major study to
determine the optimum dosage
of the antidepressant drug de-
sapramine.
“We are looking at the re
lationship between the amount
ooooooooooooooo oooooooooooooooooo
CAMPUS THEATRE §
SCHULMAN 6THEATRES
2002 E. 29th nlm*
“STARTS TOMORROW”
846-6512
they chose the
most forbidden
love
a boy and girl
could know!
MATT
DILLON
CINDY
FISHER
t
CATHOLIC STUDENT ASSOCIATION: Coffeehouse l
The group “Southwind” will perform at 7:30 p.m. in thestu [
dent center admission is free.
OUTDOOR RECREATION COMMITTEE: Outdoorhori-
zons conference will be from March 4 to March 6 at MSC|
facilities.
TAMU CHESS CLUB: Weekly meeting will be in 302 Rudder.I
TURKISH STUDENT ASSOCIATION: ISA materials!
meeting will be at 6 p.m. in 403 Rudder.
MSC POLITICAL FORUM: Gus Hall will speak on Conimun-|
ist politics in America at 8 p.m. in Rudder Theatre on Tuesday, j
March 9.
UNITED CAMPUS MINISTRY: Friday night bible study at
6:15 p.m. Check MSC Video for room number.
MSC AGGIE CINEMA: “Arthur” will be shown at 7:30 p.m.l
and 9:45 p.m. in Rudder Auditorium. “Caveman” will be shown!
at midnight in the Theatre.
LATTER-DAY SAINT STUDENT: Sandwich seminar with I
John Hopkin speaking on “The Role of the Patriarch in thej
Church and Patt iarcal Blessings” at noon at 100 Dexter. |
INTER VARSITY CHRISTIAN FELLOWSHIP: Ed !
Haynes will speak at 7 p.m. in 502 Rudder.
MUSLIM STUDENTS ASSOCIATION: Quran discussion!
session will be at 7:30 p.m. in 607 Rudder Tower.
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howe
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teams
of the drug and the likelihoodl
that the patient will be helpedbt|
it,” he said.
“Until recently, a psychiatrisl
would prescribe the drug basedl
on the dosage most peopltl
would need, but it is a lot dine
rent from one person to anothel
according to how rapidly pal
tients metabolize the drug. BJ
measuring that, we’ll be able tol
use the drug more effectively.T
Stern and other clinic reseat!
chers, including co-directorl
Bruce Jones, also do smaller stu l
dies piggy-backed onto theiff
major investigations.
For instance, researchers -i
searching for a possible chemic-J
al cause for depression — arel
measuring the amount of cer-l
tain chemicals in a patient's
bloodstream to determinel
whether those levels change aJ
the patient recovers.
But the causes of depression!
are not solely biochemical, saidj
Stern.
“Generally the more bioche
mical symptoms that are pre-l
sent, the more likely medicationl
is to help even if a psychological!
or social cause were involved,T
he said.
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It is 1997... and New York City
is a maximum security prison.
MSC
Cepheid
Variable
presents
Rudder Theatre Thurs., March 4
7:30 and 9:45 p.m. $1.50