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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Dec. 11, 1985)
l A PRE-F/NALS TEST: DEAD WEEK SHOULD BE USED TO — A. REST UP — ©.PLAN THE HOLIDAYS — C. PARTY D. STUDY EAR&t- I2-W S With Casseb waiting in his court room, the attorneys met for another two hours. If it fails to overturn the award, Texaco can appeal the verdict but would have to post a bond in cash or liquid assets equal to the award, plus attorneys’ fees and interest. Texaco’s appeal bond would total almost $12 billion. The White Plains, N.Y.-based company said its stock market value is $8.6 billion. In light of the subsequent drop in stock price, Texaco said Tuesday its board adopted a “poison pill” take over defense meant to make an ac quisition prohibitively expensive to an unwelcome bidder. Under the plan, stockholders would receive special rights in the event of a hostile takeover that would allow them to buy shares of the acquiring company at a bargain price. The rights would be triggered af ter a suitor acquired 20 percent of Texaco’s common stock or made a tender offer for 30 percent or more of the shares. Mardi Gras New Orleans for more information call MSC Travel at 845-1515 Bill may affect A&M retirement plans (continued from page 1) “That (pension section) is ob viously going to be a key provision for people who depend on that re tirement program (ORP), but it is only one of many changes in the tax law,” the spokesman said. “When you start singling out one aspect of a tax bill, that’s when comprehensive efforts of tax revision come unrave led.” Lytle said the systems also will present their grievances to represen tatives from the Senate and the House when the congressman meet in a conference committee to resolve differences between their respective tax bills. If all these efforts fail, he said, the systems still can appeal to the Trea sury Department which will inter pret and implement the final con gressional bill. Don Carlson, legislative director for Ways and Means Committee member Bill Archer, R-Tex., said it is very unlikely the Republican pro posal will pass. The vote on the com mittee proposal is expected to be very close unless the President, who has given the bill lukewarm support, can persuade some RepuDlican House members to back the bill, Carlson said. If the bill is rejected, it goes back to the committee to be re worked. The House Ways and Means Committee began working on a com prehensive tax bill in September, when chairman Dan Rostenkowski, D-Ill., proposed a detailed plan which the committee voted to use as a starting point, he said. Rep. Archer and J.J. Pickle, D-Tex., the only other Texas congressman on the committee, opposed several sections of the bill, including the pension provisions, Carlson said, but were not successful in changing the bill because throughout the process a majority on the committee kept the heart of the chairman’s proposal in tact. “It will have a significant impact on university retirement plans, but it will also have a harmful effect on pensions in general,” he said. “What it will do in terms of faculty is only one of many provisions in the pen sion section which will severely limit the incentives for people to save and plan for their retirement. “The more you decrease the in centive for people to save and invest, the more demand there will be in the future on federal programs such as Social Security for the basic suste nance of life.” The bill will not only affect Texas’ ORP plan, he said, but also signifi cantly change retirement programs in several other states. “The effect will be to limit the pension and saving options of most people currently covered by these plans and to seriously question the ability of states to form similar new plans in the future,” Carlson said. Proponents of the committee pro posal maintain that they did not in tend to eliminate secondary retire- ] ment plans but rather restrict them A&M faculty reviewing proposed reforms (continued from page 1) of a non-discrimination clause to the tax code would make the ORP illegal because the program is not available to all state employees — only state university faculty and professional staff. The ORP does not discriminate on the basis of race, Honea said, and the state had no intentions of dis criminating against lower-paid em ployees when the program was de veloped. The state merely wanted, he said, to provide a practical retire ment program for professors and administrators. Honea said Congress isn’t inten tionally trying to eliminate Texas’ primary retirement program for university faculty but that the pro gram got caught in the tax-code tightening efforts for secondary re tirement programs. Secondary re tirement programs are set up in ad dition to a standard primary program. Honea said many legislators did not realize the effects on such states as Texas, which have the ORP. Faculty and upper-level staff Con tribute 6.65 percent of their total £ s re erred, yearly income before taxes to the ORP, but other state employee con tribute 6.4 percent of their salary af ter taxes to the TRS. Therefore, Honea explained, the faculty tirement funds are tax-defe and others’ are not Both retirement plans are funded by state funds as well as the employ ee’s contributions. Honea said the ORP was devel oped in 1969 for staff because the Texas Teacher Retirement System (TRS) does not offer the flexibility needed by college staff. The TRS was the only educational retirement plan at the time and the one cur rently used by public schoolteachers and university staff who prefer it. The TRS does not allow educators who leave Texas before 10 years of service to count the retirement funds accumulated during those years toward retirement. Honea said this inflexibility was impractical for many staff members because they frequently move from state to state. Under TRS, for example, a profes sor who worked at A&M for five years and then moved would lose five years credit toward retirement. “It’s like throwing five years horticulturist THE GRASS IS GREENER AND THE FUTURE IS BRIGHTER ATCHEMLAWN AM/PM Clinics fOur horticulturists enjoy the best of both worlds - challenging outside work, fresh air, sunshine, and independence - AND exciting career development through company-pro vided off-season training. You'll start by fertilizing and controlling in sects for commercial and residential trees and shrubs. You will sell our service and manage your own route. Our firm promote- from-within policy provides excellent ad vancement prospects. We can offer qualified individuals year-round employment which includes an excellent salary/benefits package, good salary pro gression potential, and opportunity to earn incentive compensation. Look into a greener, brighter future with ChemLawn. A degree in horticulture is preferred. Candi dates with landscape, nursery or related ex perience will also be considered. For more details, send your resume today to: ChemLawn Services Corporation 14150 WestfairEast Houston, TX 77041 (713) 894-1986 An Equal Opportunity ^ Employer M/F !iii» OEMl/WN Family Practice-Industrial Medicine Minor Emergencies 10% Student Discount South 846*4756 8am-11pm 7 days a weak Serving College Station/Bryan Walk-ins Welcome North 779-4756 8am-8pm Mon-Frl Serving North Bryan Why Settle For Less? OF Lou Pays More For Used Books. LOUPOT’S BOOKSTORE FREE PARKING IN REAR FOR CUSTOMERS Coll Battalion Classified 845-2611 STUDY STUDY II STUDY III Recent injury to wrist, knee or ankle? Severe enough pain to remain on study up to 10 days and 5 visits? Recent injury with pain to any muscle or joint? One-dose (4 hours) in-house study. Recent injury with in flammation (swelling, pain, heat, tender ness)? Study of 5 day dura tion with only 2 visits required. Volunteers interested in participating in investigative drug studies will be paid for their time and cooperation. G&S Studies, inc. 846-5933 WHOLESALE DIAMONDS AND JEWEL!) 14 Kt. Yellow Gold ONE CARAT SOLITAIRE DIAMOND $ 2050 Co Sf at 14 Kt. Yellow Gold 1/4 CARAT DIAMOND CLUSTER RING Compare at $450 *225 (We mount only full cut diamonds not single cuts or diamond chips.) my 14 Kt. Yellow Gold 19 DIAMOND WATERFALL RING 1 Carat Compare at $1795 1 75 Carat Compare at*1795 2 Carat Compare at *1995 *595 *1050 *1275 Men's Yellow Gold 1 CARAT TOTAL WEIGH! SEVEN DIAMOND CLUSTER RING $QQI% Compare al $1695 r- - 14 Kt. Yellow Gold GEN. RUBY OR GEN. SAPPHIRE OR GEN. EMERALD & DIAMOND RING Cornp*r« at Ruby $275 *595 Sapphire $250 *495 Emerald $435 *750 “COLLEGE STATt Store Open Sunday From 12:30*5:30 14 Kt. Solid Gold DIAMOND EARRINGS $ 155 5 425 $ 750 *1650 .20 Carat Compare at $295 .50 Carat Compare at $895 ■■ .75 Carat Compare at $1500 ■ 1 Carat Compare at $2900 • 1.80 Carat so^oc Compare at $4500 jl/UO 14 Kt. Solid Gold DIAMOND PENDANTS .20 Carat Compare at $375 .■<■••«•••••••••••• .55 Carat Compare at$l300 .75 Carat Compare at $1750 .81 Carat Compare at $1950 We also have Diamond Earring Jackets and other styles of diamond earrings. ft* ^ \ away,” Honea said. Honea said the TRS can be advan tageous for some employees because the amount of money received at re tirement is based on age, years of service and salary while the ORP is based on life expectancy and the amount of money contributed to the fund. “TRS is a good plan,” Honea said, “but it doesn’t have any portability. It requires longer service.” Faculty Senate Speaker Jaan Laane said the loss of the ORP could hamper A&M’s ability to recruit quality faculty and administrators, especially since the setback may come on the heels of the elimination of faculty sick leave by the state Leg islature. “The line around here has been ] that the state legislature took away' sick leave,” Laane said, “and now the I U.S. Congress is trying to take away retirement.” He added that the elimination of I the ORP would destroy the already- damaged morale of staff at A&M | and other Texas universities. Gaston said he thinks the faculty’s I complaints are being heard in Wash-1 ington. ■') • 14 Kt. Solid Gold M CHAINS & Y BRACELETS 18” Med. Weight Compare at $125 *60 20" Med. Heavy Weight Compare at $495 *262 HERRINGBONE 18” Super Heavy Weight 24” Heavy Weight Compare at $975 *576 Compare at $1750..I *94! 18” Super Heavy Weight, Compare at $2500.... ..'112! SOLID ROPE 21/2mm 20''Rope Chain 4mm 20” Rope Chain Compare at$350 *174.42 Compare at$895 21/2mm 22” Rope Chain 4mm 24” Rope Chain Compare at $395 *190.47 Compare at $950 NUGGET JEWELRY We have nugget rings also. 2/3” Width Heavy Man’s Bracelet Compare at $2200 *820-*975 1/3” Width Heavy Gents./Ladies Bracelet Compare at $1100 ..... *517- $ 550 WASH II House side overhaul l< possibly do while the passage of -wipe out t deficits by l mosi laws BUY A DIAMOND GET A FREE $1,000 U.S. TREASURY BOND! Direct from our Diamond Cutterlt Buy a Diamond... Get a Bond! LAY-AWAY NOW FOR CHRISTMAS Texas Coin Exchange Is a registered Security Dealer in the State of Texasloi Zero Coupon Bonds. ‘ Reat 1 left tage. Fer every 616B6 you spend en Teaee Cote Kachenge diamond*, diamond lewalry and I4K po»d cfcalna. fee odN receive a I1660 U.t. Treeawry Bond. Al afcaotMtaty no coat to you. Not only do you anjo/lha uaa o* me diamond, you alao rooahro *081 roaaery Bond which you can caah In. all without •*#< having to pari arttfi yovr diamond! Tht* offor tpood through Oocomhar 2$ on all dlamand K-rvinr aacapl Aoia» Waichaa end Bullion f uU maturity voted. Allow up to 18-11 week* tor dethrery ®1 bond*. No quBitlon* oaked. 10 day money back guarantee on ell looee diamonds sold. (Does not Include lay •■way or mounting* ) LOOSE DIAMONDS Buy A Diamond And Receive An Investment In The USA the presi House Spr Jr. said tha their back "brought tl Today, wit publican c miliate the victory.” BONDS OUR PRICE (A Partial Inventory) COMPARE AT BONDS 1.04 Oval $2000 2,350.00 4,700.00 1.86 Round $5000 1.99 Pear $7000 7,225.00 14,500.00 1.33 Round $3000 1.65 Pear $3000 3,125.00 6,000.00 1.30 Round $3000 1.27 Pear $2000 2,695.00 5,200.00 1.24 Round $3000 3.14 Emerald $11,000 11,335.00 19,000.00 1.17 Round $2000 1.04 Emerald $2000 1,920.00 3,800.00 1.10 Round $2000 6.14 Marquise pries on request - 1.07 Round $2000 2.54 Marquise $9000 9,250.00 18,000.00 1.03 Round $3000 1.46 Marquise $4000 3,750.00 7,500.00 1.03 Round $2000 3.00 Round $15,000 14,925.00 23,000.00 1.02 Round $2000 1.24 Round $3000 2,875.00 5,600.00 1.01 Round $1000 2.16 Round $5000 5,225.00 9,500.00 1.01 Round $2000 2.02 Round $8000 8,095.00 15,700.00 1.00 Round $2000 2.04 2.04 Round Round $8000 $6000 7,980.00 6,665.00 14,500.00 13,500.00 1.47 Radiant $3000 OUR PRICE 5,400.00 3,495.00 3,375.00 3,295.00 2,075.00 2,395.00 1,760.00 3,235.00 1 ,'950.00 2,695.00 2,750.00 1,950.00 2,095.00 3,300.00 GOLD COIN JEWELRY Largest Stock of Gold Jewelry in the Areal Hundreds of Pieces to choose from. Rings, Pendants, Diamond Gold Coin Jewelry. Large stock of gold coin mountings for all popular Gold Coin Krugerands, Maple Leaf, Gold Panda. DIAMOND JEWELRY We have a large stock of cocktail rings,diamond earring jackets and diamond stud earrings. 14 KARAT GOLD CHAINS Largest stock in the Brazos Valley, over 1,000 gold chains in stock! All gold sold by weight!! 22.95-25.95 a penny weight. Don't be fooled by Half-Price Sales, Clearance Sales or Going Out of Business Sales! If you pay more than this, you paid too much! Some items one-of-a-kind, subject to prior sale JEWELRY REPAIR WHILE YOU WAIT! We now have 2 full-time repairmen andwillbe doing most jewelry repair in one day. Some repaid (like chain solders) whileyou wait.(Repairs# you wait at College Station store only). We now have silver beads and silver chains KKYS. 12 Days «f Clirt*Wa* Natfoil* B« sura to (to* ■>?'W 1 ** | FM 105 and rvalstw tar print Is bi |IW^ All items subject to prior sale We pay caah for gold, silver, rare coins, diamonds and rolex watches, We also have jewelry set with Opals, Si| Emeralds, Rubles, Blue Topaz and Amethyst. Bryan Store Hours: Mon.-Frt. 9:30-5 Sat. 9:30-3 Across from Wal-Mart count sutio^ Mon.-Ttet*' FtL-SatW, 1 hit li ^ Since 1958. One of Texas’ Oldest Rare Coin Dealers v your advertising dollars do better in the dassif iedsi A lo< solicitir teners Aggie Bowl. ] not act whethe the tri] date d Athleti “Th< tion to ton Bo going t K 17 WTAl cans i busine offices band’s dio am “921 the A Bowl,” •. Be a and h Cot tor Mai tions WI7V locate* nation been r the su know raised mail. Ore no qu tainty