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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Aug. 25, 1982)
Battalion/Page 15 August 25, 1982 Hr features Third World hit hardest mtw s H United Press International lOne of the most profound up- lus travel- i» va i s Q f t h e century is shaking jge provides Dthfc world’s economy and virtual- and the fcM no one has been left "n- lually L " 31 -“ • Economic woe grips world : • have h touched. ■From Detroit’s auto factories e I’ve goneoul to the Philippines’ coconut plan- uled Irom stations, uncomfortably large morning- :|j Um bers of people are out of jobs Id pick me toi and entire industries are ^eakfastwithif threatened with failure. - often not™ Everywhere, the working man om untilWfluKpainfully aware that dollars, ys said. pesos or marks are being drained 80 to 90col™mhispocket,aworldwidesur- ies applyeadryey by United Press Internation- member, bun a l showed. fund a visit ■‘Life is harder than it used to tion provides! be," said Costa Rican housewife ’, and a numkfcirmen Maldonado, who com- tontribute so trains of the difficulty of sending irmer metnktK children to school amid 100 for three orlpercent inflation. “We’re doing Bve can to get out of this mess.” embers, KevsspRecession is, strictly speaking, rnamic and I) j capitalist affair, but the Soviet inderstandmt bios also is languishing, proving their years iit| economic hardship does not rec- ratize ideological boundaries, study polkiu: Outside of Moscow, food shor- ermnent inatuBjes are acute and items such as ever line it is,iltet and butter are rationed, thout knowldBYou should visit the food nowledge, al'jhops here,” one housewife told a g and workitt; Western visitor to the Crimean lie responst!) tesort of Yalta. “It’s like visiting a »ffice, and actuffieum — nothing to buy ex- g theconstitut jept dusty jars on the shelves.” rr inside,’’shesJfllthough Americans are suf- remendous Rtflng, they are not in a life-and- >m and prajn leath struggle just yet. tat needs to Elsewhere, the recession has doesn’t changfEislated into coups, forced dra- : is defeaidftic currency devaluations, ire.” Esened political repression, id a Fotd gra parked riots or aggravated o bring two pErrilla conflicts, all phenome- to the l r jathe United States has escaped, ar. Alan Lee f Once-prosperous West Euro- ber of the Bnfans are now locked in the mmons, came:leptIts of what is an outright de- - ironically diEssion for many industries, crisis — anipitain, racked by the highest un- CTsitiesoflllirimployment in its history, is torn South Carolfiots in the slums of Liverpool, id the Air Fi Belgian Prime Minister Wil- |d Martens warns that Euro democracy itself is tatened by massive unem- ment and economic disloca- i*We risk losing an entire ■. liieration,” said Martens, whose I n J flntry has the highest per capi- J-iJ • ||unemployment in Western mope. “This is a real threat for ondarv school R “ eniocrat ‘ c institutions.” it butter ■fflE razilians - Mexicans, Filipi- memade./jctrP’ Koreans and other peoples ntary school tf oonce rode hi K h on “econo- nts fortheseo F m ‘ rac * es ” are ^ nd i n g their l lie schools if eams (> ^ prosperity dashed by me-ounce ch™| teCt ‘ on ' sm ’ de P ressed com- a cost, to inertly P" ces a " d staggering ntent E 1 ? 0 de * 3ts - Altogether, de- lood sfui:.' Jlpping naticms labor beneath a >me homepati tonally inferitiE 1 ing ground for political turbu lence, terrorism and disease. The ranks of what Henry Kissinger once called the “basket cases” are expanding. Nepal, Bangladesh, black Africa, the Caribbean and Cen- African countries to the brink of financial and political chaos,” Wisner told a congressional panel. The OPEC oil cartel, whose price hikes beginning in 1973 helped precipitate the current crisis, also is not immune. The tentacles of recession have clutched Venezuela, Nigeria and several other OPEC members hit ... Although Japan’sjob less rate is not high, it has by softening oil prices. worked real hardship in a land accustomed to full employment. In one southern province, job less people have begun chopping off their fin gers to collect insurance money. tral America are caught up in an inexorable squeeze worsened by a sharp decline in international aid, high interest rates, a fall-off in . international tourism, burgeoning populations and persistent inflation. Many of these countries’ eco nomic woes are deeper than the Great Depression of the 1930s. President Reagan’s “magic of the marketplace” offered in place of U.S. aid has yet to perform its wonders. “The poorer countries are still trying to get roads, running wa ter and latrines,” a U.N. analyst in New York said. “When the cof fee crops don’t do well or whatev er, it is not a question of doing without a big car or living less well. These people are dying.” Black Africa faces the world’s most critical food shortages and its plight will not improve for the remainder of this century, said Frank Wisner, deputy assistant U.S. secretary of state. He cited the Sudan, Nigeria, Liberia, Zaire and Zambia as worst hit. “The combined impact of ris ing oil prices, global recession and declining per capita food production has brought many Even the Persian Gulf oil sheiks find their immense re serves of petrodollars shrinking. Israeli economist Eliyahu Kanovsky predicts both Saudi Arabia and Kuwait will incur de ficits in coming years because of the strain of aiding Iraq in its war against Iran at the same time that oil prices are declining. A few hard-driving economies of Asia, most notably Singapore and Taiwan, have been able to avoid the full impact of recession, but Japan is worried. Although still healthier than many of its Western trading part ners, Japan suffers from its high est unemployment in 26 years and its much vaunted exports are contracting. “With both inflation and un employment among the lowest in the world, the Japanese should be a happy lot,” UPI correspon dent Antonio Kamiya writes from Tokyo. “But they are wor ried. There are palpable signs that all is not well in the mighty Japanese economy.” Although Japan’s jobless rate is not high, it has worked real hardship in a land accustomed to full employment. In one south ern province, jobless people have begun chopping off their fingers to collect insurance money. “There just aren’t enough jobs to go around anymore,” a local official in Fukuoko Prefecture lamented. The relative success of the Per sian Gulf and East Asia are not enough to alter the conclusion that a sense of crisis and loss of confidence are deepening worl dwide despite U.S. government RlO billion mountain of debt. otfiThe dream of big holidays 1 a new car has ended,” Brazi- 13 i i, u' ai i executive Elena Moritz said msmle “is*. Paulo. shattered economies of th just onesfeR^g ‘quired tousei] Joanne Styetj County, M idy by the US 0 families M found stuf t in school i* higher pwtf daily nutriwi lose who do 1 * tercountries have laid a breed- COME GROW WITH US . ALDERSGATE UNITED METHODIST CHURCH "The Church With A Heart-Warming Touch' TEMPORARILY MEETING AT A&M CONSOLIDATED MIDDLE SCHOOL AUDITORIUM JERSEY ST. AT HOLIK ST., COLLEGE STATION SUNDAY SERVICES: SUNDAY SCHOOL 9:45 A.M. MORNING WORSHIP 8:30 A.M., 11.00 A.M. CHURCH OFFICE 1808 H BROTHERS 696-1376 EVENING WORSHIP 6:30 P.M. PASTOR: TERRY TEYKL NUMBER ONE! Joseph Hike Protective’sLeading Agent Joseph Rike is a proven profes- sional-his dedication to his work and commitment to service are reflected by his sales record. This month he was our number one agent. Call Joseph Rike for sound advice about your personal and business insurance needs. PROTECTIVE LIFE® INSURANCE COMPANY Home Office Birmingham, Alabama Bryan-College Station Agency/Charles E. Thomas. General Manager 3833 Texas Avenue/Suite 476/Bryan, TX 7780!/Telephone 713 696-7714 predictions that the recession is ending. “No one” has escaped un affected, Morgan Guaranty eco nomist Rimmer deVries says. “No one.” “The Soviet bloc certainly hasn’t escaped,” deVries told ... “The poorer coun tries are still trying to get roads, running water and latrines. When the coffee crops don’t do well or whatever, it is not a question of doing with out a big car or living less well. These people are dying. ”—a U.N. analyst UPI in New York. “Even the oil exporters. Look at Nigeria and Mexico. They’re all cutting. Everyone is impacted to some de gree. I almost feel the United States is the least-hurting.” Mexicans, Haitians, Ethio pians, Indians, Vietnamese and others all still think of the United States as the land of milk and honey. They are arriving by the thousands in a historic wave of refugees — and prospering by their standards. “All I want to do is to save up and try to move to the United States,” Mexican bank executive Alejandro Ordaz said in Mexico City. Perhaps the most dramatic stories are the countries, like Mexico, that once boasted “eco nomic miracles.” Mexico, which only recently considered itself on the verge of becoming a modern industrial power, now is in a tailspin. The government has been forced to virtually double the cost of gaso line, electricity, cooking gas, tor tillas and bread and devalue the peso yet again. The price increases are certain to fuel the country’s inflation, already at an annual rate of 64 percent, the highest level since Mexico’s 1910-1917 revolution. Mexico also is saddled with the developing world’s largest debt, expected to hit a colossal $80 bil lion by year’s end. Malaysia, once among the world’s strongest economies, is being punished by deteriorating prices for tin, rubber and other commodities. Now the world’s largest tin producer is closing mines and laying off workers. OFF CAMPUS CENTER:Roommate session for need housing or roommates at 3:15 *■“ * £ ’ Y.m. in ' ^ J “ *** AGGIES! Douglas Jewelry 10% AGGIE DISCOUNT ON ALL MERCHANDISE WITH STUDENT ID. (Cash Only Please) We reserve the right to limit use of this privilege. Downtown Bryan (212 Pi. 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