Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (March 24, 1982)
national Battalion/Page 11 March 24, 1982 Congress reviewing enterprise zone plan Radio Shack representatives Floyd Ploeger, left, and Tom Cahill look on as Dwayne Suter of the College of Agriculture points out a computer staff photo by Peter Rocha feature to President Frank Vandiver. The 35 micro-computers are on loan from the Tandy Corp. to the University for a year. i>y Eric Mitchdl ickages to Inflation rate still decelerating; rebates, gas prices credited i C ers United Press International 1 WASHINGTON — Inflation slowed to a 3 percent annual rate In February, as cheaper gasoline ftnd new car rebates restrained consumer prices for the second Consecutive month, die Labor department reported Tuesday. I The Consumer Price Index for February went up only 0.2 percent, an improvement over ■anuary's rise of 0.3 percent. I "We believe this is good news non-smokej [ or ever y American,” deputy of Cornell l|White House press secretary itive extensii'i Larry Sp ea L es sa jd_ "It shows a i steady decline over the last sev- iss researcMj eral months.” amin needs® Asked why interest rates re- nend tliey Wmain high in the lace of cleclin- ,nC daily,cMpng inflation, Speakes said Presi- 50 mg. recoc ^ R ea g an hopes the money allowance » markets will understand the administration’s policies, es also indie* “We're sticking with our inusual sues promises to cut the budget and from surge" cut inflation,” he said, ban the 60ffi fhe attitude of the financial pie who ul community apparently “reflects iso at risk, R« a lack of faith that Congress will little vitamin 1 be responsive to our economic Usability to® program,” Speakes said. J , Because of the extraordinary Reflation in gasoline and auto '7*4r>'-O r "± is in the ? school 2 availa- om 216 ole from lications prices, the government’s overall transportation price index went down for the month by 0.7 per- ffut, its steepest decline in near ly 13 years. Casoline prices plummeted b y 2-3 percent for the month ED alone and new cars were 0.8 per cent cheaper, the department said. Fuel oil and coal prices also dropped by 0.4 percent. Fhe small monthly increase in prices, if repeated for the next 12 consecutive months, would add up to a yearly rate of only. 3 percent, the Labor Department said, the lowest inflation rate since July 1980, when a wild swing in mortgage interest rates produced a one month statistical aberration, with an increase of only 0.1 percent. Labor Department analysts had to go back to April 1976 to find another recent rate as low as February’s. Food price increases also slowed down, but only slightly, going up by 0,6 percent, com pared to January’s 0.7 percent. Housing prices were up 0.4 percent, offsetting a 0.2 percent decline in mortgage costs, the department said. Property taxes, another part of the hous ing index, rose sharply for the third consecutive month. Clothing prices, which went down in January, went up again at a moderate 0.4 percent rate in February. Medical care costs, the highest item among the major categor ies of prices for the past year, were up another 0.7 percent in February, part of the 11.9 per cent increase in the past year. Entertainment costs also went up 0.7 percent. A miscellaneous category was up the most of the seven basic subdivisions of the price index, 0.9 percent. United Press International WASH INGTON — Congress got its first look Tuesday at the showpiece of President Reagan’s free-market approach to urban problems — his “enterprise zone” package aimed at revita lizing depressed inner cities by creating jobs. Reagan proposed “enterprise zones” during the campaign as a way for the private sector to get involved in the plight of distres sed cities and to boost black em ployment. The plan Reagan sent to Capitol Hill hopes to lure invest ments in new business by pro viding tax relief at the federal, state and local levels; cutting red tape, and involving private and neighborhood organizations in the program. Under the plan, the Depart ment of Housing and Urban De velopment would designate up to 25 areas a year as “enterprise zones” with eligibility based on pervasive poverty and unem ployment. Reagan has said the new approach will end the nation’s “history of throwing money at urban problems.” T he president planned to lly to New York later in the day to speak at the National Confer ence of Christians and Jews. He was to receive the Charles Evans Hughes gold medal for courageous leadership in gov ernmental, civic and humanita rian aff airs. T he award was to be presented by former Secretary of State Henry Kissinger. Reagan’s remarks were ex pected to stress that anti- Semitism and racism have no place in American society, aides said. SCHMALTZ'S STUDENT SPECIAL! 104 DRAFT BEER fyrnolt^' SANDWICH SHOP Culpepper Plaza 693-8276 (1(H Per Glass) All The Beer You Can Drink With Purchase Of Any Sandwich! Wednesday Nights Only 5-9 p.m. B. L. Shane's Lakeview Club ia rpen D |aot earn Clean >rvice Air-F'« inal Cost) 3 desired. Friday Better Than Ever!" "THIRSTY THURSDAY!" Free Beer All Night Long!' Lone Star & Miller Lite Draft Beer Cover $3.00 Person Music By ^ B. L. Shane's “Stillwater" Band! Coming Saturday Night FIDDLIN' FRENCHIE BURKE! Friday JOHN WESLEY RYLES "A Fool" She's A Liberated Women" m 1 Borrow Some Sugar?' Cover $4.00 ■3 Miles North of Bryan on Tabor Rd. For Reservations 823-0660 D0NTHUSS OUR WEDNESDAY SPECIALS. MONTERE DINNER Y $Q R O.OD Reg. $4.85 FIEST. DINNER 'A$0 AtZ r O.rfcD Reg. $4.45 ENCHILADA DINNER *2.65 Reg. $3.65 —^ V MEXICAN (me MEXICAN RESTAURANTS 1816 Texas Ave. • 823-8930 907 Highway 30 • 693-2484 Monday, the president signed a House resolution calling on the Soviet Union “to cease its repressive actions” against Jews who want to leave that country. The resolution urged the Soviet Union to cease “its abuses of the basic human rights of its citizens, in particular the right to f reely practice one’s religion and the right to emigrate to another country.” He said the resolution “draws special attention to the hard ships and discrimination now being imposed upon the Jewish community in the U.S.S.R.” Also on Monday, Reagan promised farm leaders he will not use embargoes of farm goods to retaliate against Amer ica’s enemies — unless an “ex treme” situation arises and the U.S. decides to impose a total trade ban. MSC TM1/EL PRATS' A TRIP TO % -o$ a?* -ArV tf* CHIN/l I Summer of 1982, ajr ■mil »/lll meals, lodging, ground Iranspor- lalion in China Hng zhou, Zuzhou, t Beijing ♦Sixteen days folalCend of May; *H990 including round frip airfare from West Coast fo China ♦Sign-up begins foday in MSC 216, $500 deposit LAST DAY TO SIGN UP: MAR. 26 for more info please call 845-1514 or stop by MSC 216 BRAZOS SAVINGS Rate Update Individual Retirement Account Interest for the first 30 days of deposit then you select Fixed IRA 14.100% (rate fixed for 18 months) or Variable IRA 13.455% (rate effective thru March 31,1982) Each rate is compounded monthly. Brazos Investors Account 11.600% (rate adjusted daily) 1,000 minimum' >, 6-Month Money Market Certificate 12.923% (rate fixed for term) $10,000 minimum deposit 2 1 /2-Year Monev Market Certificate 15.368% Effective Annual Yield 14.100% (rate fixed for term) no minimum deposit RATES EFFECTIVE AS OF March 23, 1982 Rates are subject to change. Call Brazos Savings for today's rates. Federal regulations prohibit the compounding of interest on 6-month certificates. •INVESTOR ACCOUNTS ARE NOT SAVINGS ACCOUNTS AND ARE NOT INSURED BY THE FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION. A nominal administrative fee is charged for early withdrawal. Savings in IRAs and Money Market Certificates are insured up to $100,000 by an agency of the federal government. Regulations impose a substantial interest penalty for early withdrawal. BRAZOS Savings Main Office: 2800 Texas Avenue / Bryan Other offices throughout Central Texas.. .and more to come