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Friday, March 22, 1985/The Battalion/Page 7
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by Tom Batiuk $oviet Official
assassinated
in New Delhi
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SHOE
by Jeff MacNelly
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exas A&M
said. "I
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cts is cond'jflu
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Inflation
Economic growth in surprising slump
cal funds k;
ds. This is ts
iigh-qualityii-
m offihieili ? tsure of inflation spurted to its high-
af a majoi
mounts ami
decided by (Ik
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Associated Press
WASHINGTON
[rowth slowed to a sur
Economic
rprisingly weak
.1 percent during tne first three
months of the year, while one mea-
.pace devo!«i|
or what the|
e function.
Iiscussion artij
about
or Jim Res-
we are oper-;
rtion thatRu-j
nsidered as i t
late location!
est level in almost three years, the
government reported Thursday.
The Reagan administration and
many private economists called both
statistics misleading, contending that
the economic expansion is more ro
bust and inflation far less of a men
ace than the Commerce Department
figures seem to indicate.
Other analysts were less opti
mistic, warning that the unexpected
weakness could translate into climb
ing unemployment rates as domestic
industries lose further sales to a
flood of foreign imports.
All sides agreed that the depart
ment’s estimate of growth in the
gross national product — the total
output of goods and services — was
much lower than the 4 percent rate
that had been widely expected for
January through March.
The 2.1 percent gain was the wea
kest performance since a 1.6 percent
rise from last July through Septem
ber, a period of slumping growth,
which was followed by a 4.3 percent
rebound from October through De
cember.
In other bad news, the report said
that a measure of inflation tied to
the GNP — the implicit price defla
tor — rose at an annual rate of 5.4
percent in the first three months of
the year, the fastest clip since a 5.6
percent pace in the second quarter
of 1982. This inflation measure had
risen at a rate of just 2.8 percent in
the final quarter last year.
White House spokesman Larry
Speakes said that while the growth
figure was lower than expected, “we
continue to believe that the economy
is on a path of steady growth with
low inflation.”
Commerce Secretary Malcolm
Baldrige discounted the jump in the
inflation figure, saying it was caused
by some one-time factors, such as a
government pay raise.
Private analysts agreed that the in
flation figure was probably over
stated, especially given the good
showing in recent months in two bet
ter-known inflation measurements
— the Consumer Price Index and
the Producer Price Index.
The report blamed the weak
growth on a surge in imports in the
first quarter that robbed domestic
manufacturers of sales.
The Commerce Department also
reported Thursday that after-tax
profits of the nation’s corporations
rose a slight 0.4 percent in the final
three months of 1984, following a
5.7 percent decline from July
through September.
Associated Press
NEW DELHI, India — Two men
on a motorcycle roared up beside a
Soviet diplomat’s car Thursday and
pumped several shots through the
right rear window, killing him in
stantly, police reported. His wife,
with whom he had been shopping,
and his driver were slightly hurt by
flying glass.
Police identified the diplomat as
V. Khitzichenko, 48, a senior engi
neer in the Soviet Embassy’s Eco
nomic Affairs department. Embassy
spokesman Vlaaimir N. Tsatsyn
confirmed the identification, but in
response to later telephone calls the
embassy refused to give the victim’s
first name or answer questions.
The attack on Khitzichenko was
the latest in a series of killings or at
tempted killings of foreign diplo
mats in India over the past three
years.
Police Commissioner Suryakant S.
Jog said that, after the driver
stopped the car, “the motorcyclists ..
. pumped a couple of more rounds
from the side and the front.” He de
scribed the assassins as in their 20s
and of unknown nationality.
Thakur Jagdish Singh, chief offi
cer of a district police station, said
the two men fired at least six shots
from automatic pistols.
Jog said Khitzichenko was hit four
times. His wife, Nina, 43, and the
driver were slightlv injured by flying
glass and treated oriefly at a hospi
tal, Jog said.
Deputy Police Commissioner B.
K. Gupta reported that “witnesses
said the (the assassins) were not Eu-
ro^eai
for the assassination and
was not immediately clear. Jog said.
The commissioner said the Khitzi-
chenkos, who have a son, had been
in New Delhi for two years and were
returning to their home in the em
bassy compound when the attack oc
curred at about noon.
Police are conducting a nation
wide search for another Soviet diplo
mat, Igor Gezha, who disappeared
last Sunday while jogging in a New
Delhi park. Gezha, 37, was a third
secretary in the embassy’s informa
tion department.
India has admitted many refugees
from the Middle East and southwest
Asia, and terrorist activity has been a
growing problem in recent years.
group claimed responsibility
the motive
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AN AMERICAN HERO’S
STORY CONTINUES...
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Inaction 2
The Beginning
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