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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 21, 1983)
Thursday, April 21, 1983/The Battalion/Page 7 prped by Scott McCuiiar Gas p 0 ii cy Act criticized eficitin I! he said, 1 : followed l> t in 1 i.theserieii rious, and :conomk i wn thecld .1 percent growth GNP reported United Press International WASHINGTON — The mar ketplace is the best regulator of natural gas prices, supply and incentives for further produc tion, Rep. Billy Tauzin, D-La., said Tuesday. In a speech to the National Energy Resources Organiza tion, Tauzin, who is a member of the House Fossil and Synthetic Fuels Subcommittee reviewing various natural gas proposals, said the basic premise of the cur rent Natural Gas Policy Act is flawed because legislative incen tives are unnecessary. “Even when you get to the point where we are today, with an excess of supply, those incen tives are still in place in the mar ketplace,” he said. the secret is OUT. Rumours ^ n 3 S urisDradffl» ASH1NGT oN — The gov ined 3df& in. United Press International Wednesday the ion’s gross national product wata3.1 percent annual rate January through March. : abuseda [he economic expansion af- Idrenwhoi tal abuse kti ntimidattdi inflation, the best since the quarter of 1981, was just iinthe 3 percent to 5 percent Ige necessary to reduce un- iloyment, but it was weaker most private analysts and White House expected. —fhe Commerce Department aortanttki increase in the value of videotapt' l na tjon’s goods and services .•This;, | rthe inflation adjustment $11.3 billion in the first Iter. efore subtracting the effects inflation, the GNP grew to 767 trillion, when figured ually, the department said. jThe report’s measure of in- lion throughout the eco- ly, dubbed the “implicit :e deflator,” grew at a 5.8 :ent rate, the highest since fourth quarter of 1981 and above other government in- on measures. reliable i : relying ot hired soi oat safeci •rcoverol led Holds to make I n the previous quarter, Octo ber through December, the GNP decreased at a 1.1 percent annual rate and dropped 1.7 percent for all of 1982, the worst performance since industry de mobilized after World War II. The improvement from the fourth quarter of last year was primarily because businesses slowed their rate of inventory clearance — selling goods with out replacing the stock. Another positive influence was an increase in new housing and consumer spending which, unlike inventory changes, are key factors in sustaining an eco nomic recovery. Export sales and government purchases declined. Earlier this year, on the basis of only January and February figures, the Commerce Depart ment projected a GNP growth rate of 4 percent for the first quarter, and most leading pri vate analysts forecast much the same performance. An alternative measure of in flation contained in the report, the fixed-weighted price index, increased 3.2 percent in the first quarter compared with 4.9 per cent in the fourth quarter. It was the least growth since the second quarter of 1972, mostly reflect ing the drop in oil prices, the department said. The GNP figure released Wednesday will be revised next month based on more compre hensive data. All inflation ad justed figures were expressed in 1972 dollars. BOB BROWN UNIVERSAL TRAVEL | COMPLETE, DEPENDABLE DOMESTIC AND WORLDWIDE TRAVEL Airline Reservations ■ Hotel/Motel Accomodations Travel Counsel ■ Rental Car Reservations ■ Tours ■ Charter Flights ■ FREE Ticket Delivery has it! ~ Z MSC Bob Brown 846-8718 Pam & JoAnn 410 S. Texas/Lobby of the Ramada Inn/College Station »irviHTfrw mnnmn j»nwni m nmww w.u» m\ he had i an advert d her. Hes hard to bd :orney ji lionappafl ’s wifetakei oreign titles d US lands up cohorts in. her and tie: )ok like art fecrackertf United Press International ■ ASHINGT ° N — Foreign ot a nouse» ers j ncreaset i their control r U.S. agricultural land last he maid[ ir, with holdings of 13.5 mil- acres in 49 states and two Stories, the Agriculture De- tment says. purvey released Tuesday by department’s Economic Re- ch Service showed foreign porations and individuals ed more than 1 percent of 29 billion acres of agricul- lland in the United States in 12. Foreign ownership is up 1 lion acres over 1981 levels, rding to the agency, which piled its information using |orts filed by landowners ler the Agricultural Foreign estment Disclosure Act of percent of all the state’s agricul tural land, was owned by foreign businesses or individuals, the agency said. Its report attributed the high figure to the large land holdings of three timber companies. One company has partial interests in 33 percent of the acreage; the other two are U.S. companies with partial foreign ownership, the report said. jple. i said Tu< 11 tonsofi dll be storfd isreadvtosf ^out one-fifth of the fore- ' holdings were in Maine, :re 2.7 million acres, or 14 hadhopei ^ fuel in‘"“ September,! layed until 1 tory Cotf a construe ers lass nd culti her im :ar about scandal in : . “But p Black Sos it era. you lea r was I icssmen , “He wast (i is in jonalLeaf jlerwasipp andard Oil itected then* red the pla' ia n emolort' e separate; f the early 1- gated bas® tledtosepat ick fight f» r as mirrored ’s climb thrtt e s to become iall player in 1 edges theclii ledining eim traditional : had a prot* [ents,” he» Aside from Maine, the largest foreign holdings are in Georgia and Texas, which both show foreign ownership of more than 900,000 acres, the report said. In their own reports to the gov ernment, foreign owners indi cated forest land accounts for 55 percent of their holdings; crop land, 13 percent, and pasture and other acricultural land, 27 percent. The balance was either used for other purposes or its use was not reported. s for Foreign Travel Touring and exploring the far flung corners of the world will be more pleasurable with careful planning and the right gear. Camera Belt Rack leavas hands free to hike, bike, orski Padded d ividers for film. Baggie Swirn^horts quick drying these brightly colored shorts ^work equally well on land or s&a Express Luggage combines pro\/e,n and quality materia es of carefree t mi camera tm am Try Something New! Shaefer & Schaefer Light $2 62 Six Pack Hamm's By the Case! Hamm's & Hamm's Light $ 8 39 pearl & P earl Li 9 ht $•279 12 Pack Carta Blanca Dark 99 Six Pack Open Monday-Saturday ’til Midnight! (Specials good thru Sat. April 23.) 36H S. College 846-6635 Crusher Hats in waterproof Goretex poplin,terry cloth f wool [ RocSport Walking Shoes comfort and durability kor men 4 women Nalgene Bottles all foreign travelers need water bottles. Travel Boxes for £>oap> tooth paste ; toothbrush, pi 1 Is f more • Colored Zipper Bags des Sierra Designs 60/40 Parka: Keep dry and warm in a travel classic. p orgahiZ-e your goodies. Maps, Guides,i Phrase Books pur extensive selection of budget travel literature is an adventure in itself. SwisaArmy Knife don't l£^ ve home without it $#ndanas hat, handker chief or headband Convertible Luggage Packs PG^oculars by fentax,Swift, First Aid Kits including <3 the basics Optical Quality Sunglasses 11 by Vuarnet ^ Ray - ban. Quartz. Clock features lighted dial 4 beep alarm T of travel. It you ar , n e frival Checklist. ^j^ring and comparing travel experiences, ^>o be sure kn^w where you're headed.. ..and send us a postcard for our collection Passport Carriers map cases, money belts wallets,4 other organizers. been providing our friends with tools and advice If you are planning atrip be sure to stop by ICL US z Earth Provision Co. J J5 Bovett College Station 846-8794