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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Oct. 31, 1985)
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Call Battalion Classified 845-2611 Page 8AThe Battalion/Thursday, October 31, 1985 Peso devaluation worries businesses Associated Press HIDALGO — Dramatic drops in the value of the Mexican peso nave businessmen along the U.S.-Mexico border worried again, especially in this South Texas community where 95 percent of the retail business is dependent on Mexican shoppers. ^'Business is really dead,’ Joe Vera III, executive vice president of the Hidalgo Chamber of Commerce, said Wednesday. “People are no longer coming across. We can’t blame them. They just can’t afford it now.” “I’m taking the peso at 399,” said Aurora Mijangos of Wise Fashions in Hidalgo. “We were taking it yes terday at 470. We didn’t have any business at all and we started out at 399 this morning and we still don’t have any business.“Business is bad,” she added. “As soon as you tell them its 470, 490 it’s too much for them.” Vera said Hidalgo is smaller than most border towns. In the past month, the peso has r ?s 1 to be tween 475 and 490 pesos to $1 in the Rio Grande Valley on Wednesday. The peso was fluctuating between 490-495 to $1 from Laredo to El Paso. “About 95 percent of our detail business comes from Mexico,” he said. “Business is really bad. It’s been f radually going down, but overall, rom talking to merchants, it’s been declining, but now it’s just about halted.” “I think we all expected it to drop in value after the earthquake,” said Yolanda Walker, a vice president in the international division at Brownsville National Bank. “(Mex ico) already has problems and they’re going to have more. But (the peso) held for a long lime and im proved after the earthquake, so it was kind of confusing.” Border towns are dependent on each other for, among other things, retail trade. But several shop owners said business is dead. He said cities like Brownsville, La redo, Del Rio and El Paso can bal ance out their retail trade with their owns shoppers, but that Hidalgo is very dependent on shoppers From its sister city, Reynosa, Mexico. Last summer, the j>fso dropped from about 240 to 260 in less than a week and slowly declined. Three weeks ago along the border, the peso was about 340. Last week, it went over 420 pesos to $ 1. “I think people are panicking a little bit,” Walker said. “People need the dollars to buy certain things and they have to go to the market and get dollars.” Rockwell pleads guilty to defense overcharges Associated Press DALLAS — Rockwell Interna tional Corp., the nation’s second- largest defense contractor, pleaded S uuty Wednesday to federal charges lat six of its employees filed falsi fied time cards leading to over charges on an Air Force contract. Investigations by the company and the Justice Department failed to find any evidence that company managers participated in the of fenses or knew about them, Rock well spokesman Jim Vallela said. In addition to a possible maxi mum fine of $200,000, Rockwell agreed to pay $1 million in a set tlement for double the amount of mischarges and the government’s in vestigation costs. The guilty plea was entered to a federal information filed in U.S. Dis trict Court in Dallas. No individuals were named in the charges. The government charged that the employees falsified 20 time cards from April to June, 1982. The bogus work was charged to a $1.3 million, fixed-price contract by Rockwell’s former Collins Commu nications Systems Division plant in Dallas, Vallela said. After completing its investigation a year ago, Rockwell disciplined the workers and lowered the price of the contract by $290,839, the estimated amount of the overcharges, he said. According to the information, Rockwell also agreed that any em ployee involved in the overcharges will be barred from working on pro jects involving federal contracts. The government agreed not to K ursue any further charges against ockwell that might arise from the case, according to the criminal infor mation. Police beat me Un reported to University through Monday: MISDEMEANOR THEFf Seven bicycles were from various locations on pus A spare tire and rin stolen from a Chevrolet pit parked in Parking Annexl • A moped was stolen PA 22. • A moped was stolen Ha mo the Briggs Hall bicyclerada, FELONY THEFT: • A Honda Twin StanuJ len from the Schuhmach«i| bicycle racks. BURGLARY OF A VEHICLE: • A Fultron equalizer ia| black Q-Beam spotlight weit len f rom a Ford Bronco in PA 24. • A Blauplunkt stereo tiii len from a Ford Mustang in PA 24. • A Pioneer 20-X r/amplifier and black were stolen from a Pontiac bird parked in PA 40. • A Sony XR-50 stem stolen from a Ford pickuppnf I in PA 24 HARASSMENT BY PH0H • There were four incite harassment by phone rept' from various women's doru campus. UNAUTHORIZED TATION: AUST estmor .S. troc five mil< Wednesd vho call rol.” “It’s gr hem aga he walkec ge road ib . fore on tt The D billed as The L calling ati ► An officer of the UumJ an n | Police reported Kan, t k“ llhsled which advertised free ije reading courses to be gpvenn Aggieland Hotel, attack! windshields of vehicles patW PA 30, PA 24, and PA40.Til ficer attempted tocontactpei nel at the hotel butwasunsuee ful. Investigation continues. ABUSE TOWARD STil MEMBER: • After being issuedatiris! University Police in PA Wu dent began using profantii guage toward an officer. Ik* clem then exited the in his car using excessiveacte tion and leaving black tire o on the street. He wasthenpai over by Univenity Police given more citations. TERRORIST THREAT. • University Police recet! call from a man saying two)® would go off in the Langfrch chitecture Center. The kd was evacuated, but no bub found. ALL STUDENTS March a Texas i ans. A ra the state' he might planned Birdjohi As the with the ternoon ; wave and marchers The pi military morelanc continuei 'Fa (conti fin you know n Reagan. Becky speech Spanish met hat Ameria “The; knowing she say music. women ■ a way, tf Can have their pictures taken for the ‘86 Aggieknl thru November 11 kind of be.’ Enr (conti At UH, dition to tf in that sch mem decl dean of at ervices. Sigler st ministrativ this fall at 1 include an ransfer ad /EAkBoOF; Photos tMHUquKiUV'id All students can have their pictures taken thru Nov. 11 at the studio above Campus Photo Center at Northgate. Office hours are 8:30-12:00 and 1:00-4:30. No pictures will be taken at the Pavilion this year.