The Battalion. (College Station, Tex.) 1893-current, October 27, 1982, Image 12

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    national
October 27,
’82 inflation
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ILL
lowest in 10
may
be
years
United Press International
, WASHINGTON — Consum
er prices went up only 0.2 per
cent in September, the Labor
Department said Tuesday, and
economists said 1982 may finish
ivith the lowest inflation rate in
JO years.
j The September increase, re
flecting a series of falling prices,
would amount to an annual in
flation rate of only 2.1 percent,
department analysts said.
The inflation rate on an
annual basis has reached only
4.8 percent. Before seasonal ad
justment it was only 4.2 percent,
department analysts said.
Analysts said that it matches
the 1976 rate, lowest in the past
decade.
If price moderation con
tinues, as government analysts
expect, 1982’s annual rate could
drop to the lowest since the 3.4
percent rate in 1972.
Georgia State University eco
nomist Donald Ratajczak, a lead
ing analyst of the government’s
Consumer Price Index, said of
the September figure, “Ten
years of accelerating inflation
have been reversed. It now
appears that the CPI for 1982
will increase at the lowest rate
since 1972.”
The September slowdown
was helped by actual production
declines in a wide variety of
goods and services, including
mortgage loans, houses, fuel oil,
gasoline, tires and vegetables.
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COLLEGE
REPUBLICANS
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Reagan wants time, hope
Ye:
United Press International
RALEIGH, N.C. — Presi
dent Reagan Tuesday urged
Americans to vote their
hopes, not their fears, and
asked for more time to solve
the unemployment problem.
In remarks prepared fora
Republican rally at Raleigh’s
Civic Center, Reagan lashed
out at Democrats, saying, “We
are clearing away the econo
mic wreckage dumped in our
laps.
“We have begun to hand
cuff the big spenders, get the
federal government off your
backs, promote economic re
covery and put you, the peo
ple, back in charge of your
country again.”
Reagan said his “still
young economic program
nas alr<
las
my
h eady helped the econo-
“Do you think that prog
ram deserves a little more
time to fix the one remaining
problem — unemployment —
so we can put people back on
the job, and get America back
on her feet?” he said. “In that
case, I urge you, when you are
in that voting booth next
Tuesday, vote for your hopes,
not your fears.”
Reagan went to North
Carolina, home of conserva
tive Republican Sen. Jesse
Helms and the powerful $10
million Congressional Club,
to promote Helms-backed
congressional candidates at a
rally. He also conducted a
fund-raiser expected to bring
in $70,000, met with I 1
Southern GOP chairmen and
presented singer Kate Smith
the Medal of Freedom.
Reagan, whose 1976 North
Carolina presidential primary
victory was his first of the sea
son and kept alive his political
hopes, also mentioned two of
Helms’ favorite subjects, abor
tion and school prayer, in his
remarks.
Reagan’s speech opening
the final week of the cam
paign was a composite of
themes he has sounded in sev
eral weeks on the political trail
— a strong defense of his poli
cies.
“Together, we have pulled
America back from the edge
of disaster,” Reagan said. “Of
those five critical problems
that we inherited — runaway
spending, runaway taxing,
double-digit inflation, record
interest rates and high unem
ployment — we have already
made solid progress on four,
and that’s a pretty good begin
ning.”
and then we’ll havedelwt
the knockout blow to the: „ ,
, H United Press I
t csMoii once and lorall gf 1 ; MINERAL W
I he Raleigh trip HatmL Annv suddt
f u st of two ReaganMllTJose t he world’s
ih.s week as a preWt,(»li CO pter traini
s weekendi»mg® wn wa s jolted
teles ision commercials jjjmilion from its a
" 1,1 Tu usit one-third of
da. New Mexico and \|«
tana. I Bul Fort Wo
|ith activity aga
Justrial park —
to this tow n’s ab
He said unemployment re
mains far too high. But he
added that the downward
trend in inflation — Septem
ber's figure released Tuesday
was just 0.2 percent — and de
clines in interest rates will
drive unemployment “back
down to single digits too —
In North Carolina,
because of the hugefii
draw ol Helms’Congress!
Glub, Republicans thinU* “We’ve gone
might win live seats no* |i wn to a milit;
In Democrats Helms, industrial towr
i lull .ilso hope to helps -Schneider, presii
lull Hcmlnn lightoffatoMells Saving ,u
reflection challenge. ; c i iaige of the tc
Reagan praised in hi I;foundation,
marks for all 11 GOP
dates, singlingoutchall
Jim McIntyre and Edjohial
as “dedicated, principled
scrvaiives,” and former
oner ol war Red McDattid
"a true Aniencan hero.'
presents
* Bishops support N-freeze
The service
ley is now a t
he base library i
[rm and a buildi
istakably once
cks now conta
utive suites.
The sprawlin
IJ; Allen Clark —
* Mike Richards
G.O.P. candidate
Treasurer
for State
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G.O.P. candidate
Comptroller
for State
Thursday, October 28 1 p.m.
MSC Flag Room
*Remember to vote Republican in the Mock Election that same
day. Polling Place will be in the MSC Main Hallway.
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Uniled Press International
WASHINGTON — A com
mittee of Roman Catholic
bishops is urging a freeze of nuc
lear weapons at a minimum de
terrence level as a step toward
progressive disarmament in-
|f-¥-¥-¥-¥-¥-¥-¥-^-¥-¥-¥-3f-¥-¥-¥-¥-¥-¥-¥-Jf-¥-¥-¥-¥-^-¥-¥-
TS-O
Prescriptions Filled
Glasses Repaired
BRYAN
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Mon.-Fri. 8-5 Sat. 8-1
COLLEGE STATION
8008 Post Oak Mall.. 764-0010
Mon.-Sat. 10-9 p.m.
Texas State
AT
Since 1935.
volving “negotiated bilateral
deep cuts.”
The committee Monday re
leased a second draft of its con
troversial 110-page pastoral let
ter, “The Challenge of Peace:
God’s Promise and Our Re
sponse,” which the nation’s 300
Catholic bishops will debate in
their annual meeting next
month. It will be voted on at a
special meeting to be called next
spring.
“As clearly unsatisfactory as
the deterrent posture of the Un
ited States is from a moral point
of view, use of nuclear weapons
by any of the nuclear powers
would be an even greater evil,”
the draft letter said.
The bishops urged removal
“by all parties” of nuclear
weapons from border areas such
as Europe, deep cuts in the nuc
lear arsenals of both the United
States and Soviet Union, and
support for a comprehensive
test ban treaty.
“In light of the evidence
which witnesses presented and
in light of our study, reflection,
and consultation, we are sure of
one moral imperative we should
declare: a rejection of nuclear
war,” the draft letter said.
But it said there is “much less
clarity how we translate a ‘no’ to
nuclear war into the personal
and public choices whicil
move us in a new diredotl
Sov
to t:
The bishops’ conual
which has !x*en working ((I
pastoral for more iliana'll
said the clerics are “skeptinfB United Press i
• he U S. policy of deienaB WASHINGTC
“but not to the point wb ment of dogs is
< an simply dismiss its intef the Soviet Unior
lions.” j for warm clo
It said that ifdeterrencffl| can ' ne hats a hi
onl\ to prevent the use of® ac ^ market,
lear weapons, "then proposf^y 8 '
go beyond this objectivett
roil rage war fightingcapaM
must be resisted. Wetnustal
tinually say ‘no’ to thei
nuc lear war.”
Ron Jr. back on job
Now you can defer
current taxes on your
interest with guaranteed
safety of your funds.
A tax deferred annuity* offers guaranteed safety, payout plans
including income for life, deferred taxes on your interest and
no sales charge.
The program is available to any individual saver or corporation.
It should be of interest to holders of maturing “All Savers"
Certificates.
For more information, come by or call for an appointment.
BRAZOS
iavings
College Station Branch Office: Texas Ave. at Southwest Parkway • 696-2800
y .. • _ '
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Member FSLIC
♦Single premium deferred annuity AS20-107-41-81 (Form No. may vary by state). Underwritten
by the Pacific Fidelity Life Insurance Company, Administrative Office, Cedar Rapids, Iowa.
Effective Annual rate not less than 5.5% during first five policy years, 4.5% during next five
policy years and 3.5% thereafter. Withdrawal charges may be incurred for early withdrawal.
United Press International
NEW YORK — President
Reagan’s son, Ronald Jr., who
collected unemployment while
laid off as a dancer at the Joffrey
Ballet, has returned to work, a
ballet spokeswoman said.
Reagan and other members
of the Joffrey Ballet were called
back to work Monday, the
spokeswoman said.
V ’ V?'
Reagan, 23, was spotted on
an unemployment line Oct. 13,
the day his father spoke to the
nation about the economy in a
televised address.
The president’s son collected
at least three $125 unemploy
ment checks while out of work
during what Joffrey officials de
scribed as a planned layoff.
The contract between the
Joffrev Ballet and the dai
The Advance
Studies Institute
&sed think tank
University <
There has been ;
dog mail appea
journals. One re:
flecree to destrc
jistitute said.
Citing articl
ment-controlled
papers and jout
lute reported i
union only guarantees36»tB ea 7 m ^ nt ma
natn]
case
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of work a year.
Reagan said when hew
off he decided to go on®
ployment rather than
money his parents offered
“Why should I take i
money?” he asked repot*]
“Nobody else in the dance®
pany is running to theirl
and taking their parents’iW"
“Let's make it clear.Tlttj
tire company was laid off,j
everybody is collecting®!
ployment,” he said twod®| - .
te. he was seen on thet.'# (Jomin g )US / n
tute quoted the
saying.
It cited one
dogs were used f
dee.”
y Dogskins can
rubles to the gov
material, the inst
jatmade from a
fetch 200 rubles,
quoted
ossita report as
The illegal sa
often by retirees
their incomes a
ying to make “e
ployment line.
Now yt
know
The populari
: coats made from
ing because of tl
ityof real or synt
United Press International
N. Hoffman Moore, arif
graduate of Bucknell Unirfj
ty, is credited with origi
the white stripe that se|
lanes of highways.
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