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Page 8AThe Battalion/Tuesday, September 17,1985
U.S. in debtor
status for first
time since 1914
Associated Press
WASHINGTON — The nation’s
broadest measure of foreign trade
soared to a near-record $31.8 billion
deficit from April through June,
pushing the United States into the
status of a net debtor for the first
time in 71 years, the government
said Monday.
Simply put, that means Americans
now owe more to foreigners than
foreigners owe to Americans, a posi
tion the country has not been in
since 1914.
The Commerce Department re
port said the $31.8 billion deficit in
the current account during the sec
ond quarter was 4.9 percent higher
than the $30.3 billion current ac
count deficit incurred during the
first three months of the year.
The current account measures
not only trade in merchandise but
also in services, mainly investments
flowing between the United States
and other countries.
The report showed that foreign
assets in the United States grew by
$39.5 billion during the first six
months of the year while U.S. invest
ment abroad was growing by only
$3.2 billion.
That would mean a deterioration
in the country’s investment position
of $36.3 billion during the first six
months of the year — enough to
wipe out the $28.2 billion investment
surplus held by the United States as
the year began.
By the end of the 1985, econo
mists predict the country could be in
debt to foreigners by as much as
$100 billion, making the United
States the world’s largest debtor
country, substantially ahead of the
previous leaders, Brazil and Mexico.
However, economists are split on
how serious a threat this situation
poses for the United States.
Some economists say there is no
parallel with debt-plagued devel
oping countries because the Ameri
can debt represents a smaller per
centage of the overall U.S. economy,
the biggest in the world.
But other economists warn that,
now that the United States has
slipped into the status of net debtor,
the debt is likely to grow at astro
nomical levels in the coming years.
Practicality
Waldo
by Kevin Thomas
OH wade!
You're swh
A GREAT
DANC(R!
MSC committees bringing musical,
political programs to A&M campus
By MEG CADIGAN
Staff Writer
Many Memorial Student Center
committees will begin their fall se
mester programming next week.
On Sept. 24, MSC Political Forum
will begin its gubernatorial series
with Rep. Tom Loeffler speaking.
Kent Hance will be speaking in the
series later in the semester.
Political Forum will introduce a
new program in mid-October called
Insights. It will be a program for stu
dents and faculty to discuss impor
tant topics.
“Insight is designed to make
greater contact with the faculty and
to educate the students involved,”
says Erica Bondy, special event and
trip coordinator for Political Forum.
Another Political Forum program
being developed is the E.L. Miller
Lecture Series. Miller is a former
head of Cooper Industries, and
upon his retirement, Texas A&M re
ceived an endowment for a lecture
series.
This year’s series, “The Future in
Space,” will be held Nov. 20-21.
Political Forum is planning a trip
to Austin Nov. 7-8. The focus of the
trip will be “the future of Texas fea
turing the 1986 gubernatorial cam
paign,” Bondy says.
MSC Great Issues will host Dr.
Timothy Leary, co-founder and di
rector of FUTIQUE, a computer
software company. Sept. 25. Leary
will speak on the effects of new tech
nology and how this technology,
combined with the energy of today’s
youth, can help solve world prob
lems, Jim Shicker, Great Issues
chairman, says.
Great Issues also will present
Marc Berkowitz, an Auschwitz survi
vor, on Oct. 23.
The Texas A&M Sport Parachute
club will jump onto campus Sept. 25.
When asked where the jumpers
would be landing, Committee Chair
man Jill Hickok said, “On the Drill
Field, we hope.”
MSC Town Hall season tickets are
available now through Oct. 3, when
“Side by Side by Sondheim” will be
performed by the Missouri Reper
tory Theater Tour.
Stephen Sondheim, an American
composer, is known for his musicals,
“Company,” “A Little Night Music,"
“A Funny Thing Happened on the
Way to the Forum” ana “Gypsy."
“Side by Side by Sondheim” is a
revue of some of the hits from these
musicals.
Other upcoming Town Hall pet
formances are “Cyrano de Berge
rac” and a British comedy, “Noises
off!”
Next semester, Town Hall will
present “42nd Street,” “Brigadoon
and the “Oldest Living Graduate."
On Oct. 11, Cheap Trick will open
for Night Ranger. George Strait svi
perform at A&M on Nov. 14.
The next performance sponsored
by the Opera and Performing Arts
Society is Chamber Music Interna
tional, Oct. 8.
Coperton to discuss role
of students in government
By JENS B. KOEPKE
Staff Writer
>erton will
ape
discuss the role of students in lo
cal and state elections in a speech
sponsored by the Young Demo
crats at 7:30 p.m. Tuesday in 510
Rudder.
He was elected to the state Sen
ate in 1980, winning “Rookie of
the Year” honors from Texas
Monthly after his first term. He
has successfully sponsored over
150 bills, inclucling the Public Uti
lities Commission reform legis
lation.
Caperton said he will raise im
portant current issues and hopes
afterward to engage in a ques-
tion-and-answer session with the
audience.
Caperton, a ’71 graduate of
Texas A&M University, served as
student body president and Me
morial Student Center vice presi
dent.
(continued from page 1)
into the old traditional (art) pro
grams of the 1920s and ’30s that it is
impossible to change.”
Dr. Joan Moore, an assistant pro
fessor of industrial education who
introduces A&M students to pottery,
sculpture and jewelry making, said
the problematic idea floating today
is “just do anything — it’s art.”
“Art requires a skill in whatever
medium, whether its paint, ceramics
or metal,” she said, adding that art
takes “digging down within you and
coming out with a feeling. I con
stantly work to improve my skills.”
Her beginning ceramics class at
tracts students majoring in market
ing, business, journalism, pre-med,
landscape architecture and elemen
tary education. She said this course
clues a student as to whether he’s in
terested in a craft, but a four-year
curriculum would be necessary to
train someone to be a potter or a
painter, who could “develop a prod
uct that’s salable.”
Hutchinson said the College of
Architecture tried in 1976 and in
1983 to acquire such an art program.
“The last time we tried, we re
ceived first priority ratings from the
Board of Regents,” he said. “Ho
wever, the state coordinating board
would not look at the program.”
The Coordinating Board is disen
chanted with the state’s art pro
grams, he said, because they’re ex
pensive and they give people
diplomas who later can’t find robs.
“Many of them are mediocre,”
Hutchinson said.
He mentioned a cover story in
Time magazine by renowned art
critic Robert Hughes lambasting the
prevalent trend toward art that
shocks. Rennaissance artists could
paint, write poetry, design architec
ture or military equipment, Hut
chinson said, but after World War II
artists became independent and self-
serving.
“The artists today are trying to de
stroy art,” he said, and a need is aris
ing to re-examine the current idea of
art. “We’re talking survival — for the
arts, the industry, for an idea.
“We hope that we will be on a
verge of a new breakthrough.”
Educators at universities such as
Nebraska and Colorado State think
Texas A&M “has a real chance ai
creating a program no one else has,
that’s undeniably needed and is uni
que,” he said.
Thirteen faculty members with
degrees in art-related fields from tht
Department of Environmental De
sign have been targeted to teach in
the visual studies area within the
College of Architecture.
They’ve got a budget, a secretary,
and a proposal about to be com
pleted for the Coordinating Board,
Hutchinson said.
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