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Battalion/Page 11
January 20, 1983
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get car that!
market," saj
. James McD
•aid that witkJ
kiick would f
mi^bK^High school students who are consider-
he tUiirkant I i n R Texas A&M University can get to
now Aggieland. Lisa Stevens, a senior
Welcome to Aggieland
staff photo by Rob Johnston
marketing major from Arlington, gives
prospective freshman a tour of the Tex
as A&M University campus.
•JW Former Cabinet officers say
sing deficits need to come down
Bath
United Press International
WASHINGTON — Econom
ists in and out of government see
more reasons to be encouraged
than discouraged in the latest re
ports of a decline in housing
starts and only moderate in
creases in the income of Amer
icans.
The December report on
housing starts, which Tuesday
showed a 13 percent decline
from November, reflected con
tinued underlying strength in
the construction industry, the
Commerce Department said.
The 1.22 million housing
starts were 39 percent above the
figure a year earlier.
However, 1982 ended as the
worst year for housing produc
tion since 1946.
In a separate report the de
partment measured a 0.6 per
cent increase in the personal in
come of Americans in Decem
ber. Analysts were encouraged
that wages and salaries showed
some increase instead of re
maining stagnant as they did in
November.
Manufacturing payrolls drop
ped, but not as much as in
November.
The figures illustrated the
depth of the recession last year,
showing that 1982’s personal in
come as a whole increased only
6.4 percent, the smallest adv
ance since 1963.
The increase in building
activity and in housing sales
since the middle of last year, de
spite the December decrease,
means residential construction
will be an important contributor
to the general recovery which
should get under way this quar
ter, said Robert Dederick, Com
merce Department undersec
retary.
“Even if starts remain at their
November-December average
pace, new homebuilding will
add about $3 billion at an annual
rate to first-quarter real GNP
(gross national product),” he
said.
Dederick predicted this year
about a 1.5 million housing units
will be started, over 400,000
more than last year.
Mark Riedy, executive vice
president of the Mortgage
Bankers Association, said the re
covery lives on and the increase
in building permits in December
means the trend is upward.
The annual rate of building
permits, 1,291,000 in Decem
ber, was at its high point -for
1982.
Administration economic
policy spokesman Robert
Ortner said of the income re
port, “Manufacturing payrolls
still declined reflecting a further
drop in employment. It was a
smaller decline than in Novem
ber and wasn’t big enough to
offset the gain in service indus
try and government payrolls.
“We should continue to see
improvement as employment
turns up,” he said.
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ACACIA
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United Press International
■WASHING ION — Three
ry Facilities former Cabinet officers said
toCamptl! Wednesday high' government
p g us Rou]j deficits will come down only by
dealing with interest rates, milit-
arv expenditures and govern-
CDCI ment benefit programs.
I |1 El Peter Peterson, former Com
merce secretary under Presi-
305/mO. dent Nixon, W. Michael
320/mo. Blumenthal, former Commerce
345/m0. secretary under President Car-
. ...iir. and John Connally, former
r /wa8h»rift-r easUry J ^cretary under Nix
on, said they shared the blame
6 or 26041 for the defecits on ABC’s “Good
Morning America” program.
I “What is striking and f right
ening about these deficits is that
they will occur even if the eco
nomy grows in the next three
years,” Peterson said.
I But Peterson said he is not
pointing fingers at the adminis
tration as the cause for the eco
nomic woes.
H “Many of these programs
were launched 10 years ago, 15
years ago, 20 years ago and
more, back when we were in
©ower and we share in the
ijame,” he said.
JESUS
IS
LORD
Sunday Services:
Sunday School 9:45 a.m.
Morning Worship 8:30 a.m.
11:00 a.m.
Evening Worship 6:30 p.m.
ALDERSGATE m’
UNITED METHODIST CHURCH &
Blumenthal said that over the
years, “We have added a lot of
benefits, we have indexed these
programs to the consumer price
index and that has resulted in
really uncontrolled conditions
into the benefits that are paid
out and there is a very major
gap.”
Connally said, “We think that
you have to really address the
structural Social Security prog
rams and the entitlement prog
rams. You have to deal with
that.”
Connally also said defense
expenditures must be cut by $25
billion a year and there should
be an additional $60 billion in
taxes.
“We think we have to raise an
additional $175 billion in the
1985 budget in order to bring
the deficit down to where we still
have a $175 billion deficit,” he
said.
Peterson said the “non
means tested entitlement prog
rams — Social Security pen
sions, military pensions — have
not only been cut much less, but
they’re nearly five times larger
than the so-called poverty prog
rams. And fairness dictates, we
think, (that) those programs
share in the burden now.”
BUY. SELL,TRADE OB BENT THBOUOh THE
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Iee. e iho
* - - - —
*
THE
EPISCOPAL
CHURCH
WELCOMES YOU
St. Andrew’s Church
26th & Parker
Downtown Bryan
Sundays:
7:30 a.m. — Holy Communion
9:15 a.m. — Family Eucharist
11:15 a.m. —Holy Communion
new Sunday Evening
7:30 p.m. Evening Eucharist
In the Parish hall
Casual Dress O.K.
All are Welcome
7 announces their ~
SPRING
RUSH PARTY
Thurs. Evening
January 20 8:00 p.m.
Elks Lodged * ‘
For more information
Call Clyde 693-3449
or Paul 260-4296
FOUNDED IN 1904
VX-XL-X
Back to School Special
Now Open!
HARGETT'S
Family Smokehouse
Featuring:
• Bar-B-Que
• Beer
• Atmosphere
“German Potato Salad ^
and homemade Beans -
too!” *
Where Everyday ^
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Pharmacy Lamp
Available in Polished
Brass Finish. Adjust 37"
to 54" high.
$3995
Lollie Pop Lamp
Available in Polished
Brass finish. Orange,
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$ 29 95
693-7895
Fort Shiloh Place College Station
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779-2135 ;s # 4
y? 7 "t'V 7.2 ****************************
A Lecture
The Other
on the Middle East
Side of the Coin
by
A Guest Speaker from Washington, D.C.
Topics include:
1. Palestine and Lebanon
2. The Imposed War on Iran
3. Russian Aggression in Afghanistan
- u.
Time: 8:00 p.m. - Friday, January 21,1983
Place: Rudder Tower - Room 301
Free Admission
Sponsored by:
The Society of Iranian Students (MSA-PSG)