national
Battalion/Page 9
February 16, 1983
White
to a .
hbytheStl
ln ge the 11
it period |
1 days and J
e ofheaiin|
his attornrl
unaaimouiil
Mure, wdid
with Wli
Masks
may cure ear
f ) f
v_^ ...iL
United Press Intcrnutional
WASHINGTON — Millions
I'of Americans suffer from per
sistent sounds in the head, and a
National Academy of Sciences
panel saiys ear-worn devices to
mask this ringing and buzzing
may be the best available way to
deal with the problem.
The committee reached this
t conclusion cautiously because
jjjnany questions reniain. But it
g$aid there are no other equally
effective treatments for the dis
order called tinnitus.
The big concern is the safety
of the masking devices which
emit steady sounds to drown out
the head noises. The committee
said in a report that nearly all
currently available maskers have
the potential to produce hearing
loss when used for long periods.
The nine-person committee,
headed by Dennis McFadden of
the University of Texas, said a
i
recent British survey, ii applied
to the U.S. population would in
dicate 2.5 .million Anu i i< ans ao
afflicted with severe tinnitus.
There is no known cause fot
most cases of tinnitus, flic pane' 1
report said the problem u • e
from abnormalities in die audi
tory nervous system.
The panel said that in -addi
tion 1.0 masking devices, several
drug! have been found to be
effective against some forms of
tinnitus. But the report said
each drug,has drawbacks of one
•.0,1 i or aiiqther “that, prevent its
immediate widespread use. - ’
Fife masking devices were
developed by researchers at the
University of Oregon Medical
School., 1 wo types are used. One
is just a sound emitter .mounted
in a hearing aid chassis, and the
other is a combination hearing
aid and masker.
i skills sudw I
'anced cows# I
EH—Stpl i|. |
College
If you are a man or woman who has or is about to
receive a degree in ELECTRICAL ENGINEERING
why not put that degree to work in the Air National
Guard? Upon completion of the Academy of Military
Science, you'll be commissioned as an Air National
Guard Officer. Consider the Air National Guard as
you think about your future. We re a modern service
with an interest in the future. Contact your Air
Guard Recruiter by calling collect (713) 727-2336.
THE AIR GUARD — THE MOST IMPORTANT PART
TIME JOB IN AMERICA.
SELLER’S NEEDED NOW
NOW IS THE TIME TO SEi_L YOUR CONDOMINIUM
OR HOME. WE HAVE BUYERS LOOKING AND ARE
IN GREAT NEED OF GOOD PROPERTIES TO SELL
THEM. CALL DAVIS NORTHCUTT AT GREEN &
BROWNE REALTY FOR A NO-OBLIGATION MARKET
ANALYSIS TODAY. 846*5701.
Housing industry role
in recovery disputed
An administration representa
tive painted a rosy picture for
Congress of an economic recov
ery led by housing sales, but
those outside the government
are slower to forecast a strong
housing industry.
“All indicators tell us the
housing industry is back on
course and headed for full re
covery,” Housing and Urban
Development Secretary Samuel
Pierce told the Senate Banking
Committee Monday. He said the
housing industry was leading
the nation into recovery.
Pierce forecast an increasing
demand for housing through
out the 1980s as 41 million
Americans reach 30, the peak
period for buying a first home.
But Hai ry Pryde of the Na
tional Association of Home Buil
ders characterized the recovery
as fragile and said it could be
endangered by higher interest
rates or federal budgets that re
main high.
Whether or not the govern
ment is too optimistic about
housing is not yet clear, but new
figures show government eco
nomists who found the nation’s
economyjust barely topping the
$3 trillion mark in 1982 appa
rently were a lit tle too optimistic.
On Jan. 19 the government
said that, before inflation, the
GNP reached $3.06 trillion for
1982.
Government economists
have checked the economic re
servoir represented by inventor
ies and found the level lower
than they estimated when re
porting the nation’s gross na
tional product — the broadest
government measure of the eco-
nomy.
Business inventories drop
ped 0.6 percent in December de
spite a 0.9 percent drop in sales.
Commerce Department chief
economist Robert Ortner, re
flecting on the latest figures,
said, “The economy is not out of
the woods yet.”
On Capitol Hill, Freasury
Secretary Donald Regan
attempted to persuade Congress!
to approve $8.4 billion in in
creased U.S. financial pledges to!
the International Monetary
Fund to help it deal with the
$500 billion debts of the world’s
poorer nations.
Regan said that unless they
can solve their debt problems,
developing countries will have
to reduce their imports, includ
ing those from the United
States.
Aflmufcnwfta* nm&a rkmlmbv
1*0 OV-.M t-fr**** etarw, wvt
In tut. rwn'
ovl Art
w* ,*yvS|l vWm . : i' yuvrtf'
tftMklft* ^ .v
•C rtvlirt n'ltvcA'ftk wtltcfa tJfit
-.ntl*!* yniuu »« , . ,»■*«
1 *h*! v I tiy-M «■ <
DURING KROGER'
CENTENNIAL
CELEBRATION
rOSAV c o fu -** choici Biir bowm®*
| CHUCK
ROASTS
001
LB.
BEEF SKIRTS SKINLESS
$5«
U.b. CHOICE Bttr IKK L-W i oecr ^
Chuck Steaks **1 Fajitas
U.S. CHOICE BEEF BONELESS HOLLY FARMS GRADE A
Rib Eye Steaks $ 4 7V Cut Up Fryer<«
..ir. ni-kMFI LOIM OF
«,• •
' U.S. CHOICE BEEF ROUND BONE
Shoulder Roasts .
BONELESS LOIN OF
$ 1 78 Port* Roast©
HEALTH AND
BEAUTY AIDS
WILSON "93% FAT FREE" BONELESS
{ 1 ’• U
Whole Hams ....... . *2**
ARMOUR 7
Sliced Bcacen •••••• W S
WILSON REGULAR OR BEEF
HORMEL BLACK LABEL GENUINE. ANY SIZE PKG.
toes! Sliced Bacon $ 2 M Ground Om s k
Smoked Saus«Ksia
KROGER
Turkey Franks
• • LB.
upz.
• • ® ® PKG.
GENUINE. ANY SIZE PKG.
COST CUTTER
country club imported
Sliced Ham
ST. IVES ALOC-VEEA HAND A (PKO. OF 7 BTLS.)
Body Lotion *2 00
DRY IDEA ROLL-ON, REO. A UNSCENTED
Deodorant •••••• .Vs?m *2 1 *
EXTRA STRENGTH 0TL. Of J4 CAPSULES OR J« TABLETS
Sinutabs *2 4 *
ULTREX DISPOSABLE
•j^axors w *•••••••••• pko. 69
TABLETS
Efferdent .ISi •l”
SILK1ENCE CONDITIONER OR (REO.-EXTRA BOOT
Shampoo I 1 ™: *2 4,
"MINK", AEROSOL OR NON AEROSOL
Hair Spray ••••*••• *2 ,,
AAPRI
Tacial Scrub *s?« *2”
MAYBELLINE CRE AM-LIOUID-CR. BLUSH OR POWDER
Moisture Whip . . . CHOICE * 1 ^
"PILLOW CONVERTER"
AT A PIN MONEY PRICE
COVERS
Made from sample cuts of ax-
penslve quilted fabric and
originally deslgnad for bed
spreads and quilts...Convort
your bed pillow to a lounger
pillow.
SAVE 20 %
ON ANY POLYESTER FILLED
COMFORTERS
IN STOCK
ORHHNAL PR/CE
♦19.«7 TO •59.99
MOW 0MLV
15* 7 -
$ 47"
Bank reopens
after merger
United Press International
KNOXVILLE, Term.— New
owners of United American
Bank reopened the bank today
— ending a financial scramble
that sjaw flamboyant Tennessee
politician, Jake Butcher lose con
trol of the insolvent institution.
The bank, trapped with bad
loans estimated at more than
$50 million, was bought by Ten
nessee’s largest bank holding
company late Monday, just 16
hours after it was declared insol
vent in the fourth largest bank
failure in U.S. history.
The Federal Deposit Insur
ance (jorp. selected First Ten
nessee National Corp. of Mem
phis after intense negotiations
with 32 banks that sought to take
over the centerpiece of Butch
er’s financial empire.
“We’re opening for business
as usual, and we’re very excited
about it,” Armistead Smith, the
new chairman for the merged
hanks, said after tire sale was
approved early Tuesday by
Knox County Chancellor David
Cate.
The new bank will be known
as First Tennessee Bank Knox
ville.
Butcher, a former gasoline
truck driver, lost his stock in the
bank and ended up barred by
the FDIC from his office atop
the glittering 27-story UAB tow
er in downtown Knoxville,
Tenn.
Current capital equity in
UAH Knoxville is about $36 mil
lion, the amount the stockhol
ders will lose, officials said.
Butcher and millionaire B. Ray
Thompson owned most of the
bank’s stock.
“The shareholders get zilch,’
said Lewis Donelson, formei
Lennessee finance commission
er and now a First Tennessee
lawyer. “They lose everything.
The reason is because the bank
made had loans.”
UAB Knoxville was closed
Monday due to large and un
usual loan losses. A total of 42
banks failed in 1982, but none as
large as Butcher’s bank.
First Tennessee Chairman
Ron Terry said his bank bought
UAB for $34.5 million and was
required to infuse another $36
million into the institution to
help cover loan losses.
First Tennessee also will
assume liability for up to $70
millioiu in substandard and
doubtral loans, he said.
The bank reported $2.3 mil
lion in losses in 1982, and $7.5
million in delinquent loans in
the final quarter. More losses
had been forecast for 1983. De
spite the setbacks, United Amer
ican, the largest bank in East
Tennessee, was sought after
heavily by bankers eager to take
advantage of its assets of $760
million and deposits of $590 mil
lion.
Terry predicted Butcher
would bounce back. The fortner
World’s Fair chairman owns
other United American Banks
in Chattanooga and Memphis,
Tenn., and Lexington and
Somerset, Ky.
“I feel sorry for people who
get down and can’t get back up.
Jake Butcher is not one of those
people. He’ll be back — maybe
not in banking, but in some
other arena of excitement,” Ter
ry said.
Hinckley snaps
back to health
United Press International
WASHINGTON — Presiden
tial assailant John W. Hinckley
Jr., recovering from his third
presumed suicide attempt since
lie shot President Reagan in
1981, is on a liquid diet and out
of danger, hospital officials said.
A spokeswoman for Greater
Southeast Community Hospital,
where Hinckley was taken Sun
day after he was f ound lying on
the floor of his mental ward at
St. Elizabeths Hospital, said he is
recovering.
“John Hinckley Jr. is in fair
condition tonight,” the spokes
woman said Monday. He is
under heavy guard by U.S. mar
shals.
She said after he was found
on the floor having difficulty
breathing, flinckley’s stomach
was pumped and doctors admi
nistered caidiopuhnonary re
suscitation.
Hinckley, acquitted by reason
of insanity last June 21 of trying
to kill President Reagan, had
been listed in serious but stable
condition earlier and at one
point was on a respirator. Hinc
kley also shot three other men in
the March 30, 1981, incident.
Hospital officials said Hinc
kley and his lawyer asked them
not to disclose information ab
out the drugs involved.
Doctors indicated earlier that
he may have saved medication
with which he was being treated.
Wayne Pines, spokesman for
St. Elizabeths, said officials plan
to interview him to determine
the .exact circumstances of the
overdose. Pines called the inci
dent an apparent suicide
attempt.
Hinckley’s parents were noti
fied immediately in Evergreen,
Colo., but hospital officials said
they knew of no plans for a visit.
In an article in the March
issue of Reader’s Digest, John
and Jo Ann Hinckley made their
first public comments on their
son’s trial and appealed for re
tention of the insanity plea in
criminal trials.
The Hinckleys wrote that
“schizophrenia, an overpower
ing mental illness that robbed
John of his ability to control his
actions and his thoughts,”
caused the attack on the presi
dent and “the jury in this case
did the difficult but proper
thing.”
^'Thousands put
their fingers on it...
Advertising in The Battalion
845-2611
3