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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (March 10, 1986)
Page 8/The Battalion/Monday, March 10, 1986 BINDING •VELO -SPIRAL kinko'S 201 College Main 846-8721 COLORADO SPRING BREAK LODGING TRANS. $276 4-D. LIFT INSURANCE We were under-booked in Colorado! Must sell remaining spots this week BELOW COST!!! Sun fun begins with fashions from Post Oak Mall where you'll find all the hot new trends for Spring. 13 0 Marvelous stores are packed with everything you need to make this Spring Break the best! 130 Quality Stores/The Gourmet Food Ct. Texas 6 Bypass at Hwy 30 Mon-Sat 10-9, Sun. 12:30-5:30 rxstoakmau. Battalion Classified 845-2611 World and Nation Analysts predict low interest rates to rise by summer Associated Press WASHINGTON — While finan cial markets and potential home buyers are reveling in the euphoria of plunging interest rates, many pri vate economists are saying enjoy it while it lasts. These analysts believe that rates, which have fallen to lows not seen before in this decade, are likely to start heading up again this summer. The Federal Reserve Board on Friday slashed its discount rate to 7 percent, the lowest it has been since June 1978. This triggered private banks to slash their prime lending rates by a half percentage point as well. Both of these favorable devel opments came after a variety of in terest rates had dropped dramati cally in recent weeks. Home mortgages fell to a national average of 10.2 percent last week, according to a survey by the Federal Home Loan Mortgage Corp. Many analysts are predicting that mortgage rates could dip close to 9 percent in coming weeks and that a variety of rates are likely to fall by between one-half of a percentage point to three-fourths of a percent age point, given the momentum al ready in place. Rumors have abounded in finan cial markets for six months that the central bank would soon lower its discount rate, which it last changed in May 1985. Many Fed observers reasoned that the U.S. economy was performing so sluggishly that Fed Chairman Paul Volcker and his col leagues would act to loosen credit conditions in an effort to spur eco nomic activity. Cutting the discount rate is the most dramatic signal the central bank can send of its intentions to push interest rates lower. The public announcement of the cut is often followed by a variety of behind-the- scenes actions the Fed can take to exert its influence over the nation’s money supply. Man shoots 3 churchgoers in California LA PUENTE, Calif. — A gun man stood up during church services Sunday and opened Fire on the congregation, killing one man and injuring two other peo ple, authorities said. A 25-year-old man was being sought, said Deputy Sam Jones, spokesman for the Los Angeles County Sherif f's Department. The shooting occurred about 11:50 a.m. at the Church of Christ, about 20 miles east of downtown Los Angeles. Jones said the man apparently was involved in a domestic dis pute with the three victims, al though his exact relationship with the victims was unknown. Eugene Brown, 40, of West Covina died about 90 minutes af ter the shooting at Queen of the Valley Hospital in West Covina, said Los Angeles County sheriffs Sgt. John Broussard. He had been shot in the head. Brown’s w if e, Carol, 37, was in critical but stable condition, and Olina Potts. 45, of Valinda, was in satisfactory condition, said nurs ing supervisor Linda Brim. Americans taking steps to prevent crime Associated Press WASHINGTON — One-third of all American households have a burglar alarm, participate in a neigh borhood watch program or engrave their valuables with an identification number, according to a report re leased Sunday. In some instances, those households have taken more than one crime prevention measure, the Bureau of Jus tice Statistics report said. The bureau, in a survey of 20,000 people conducted in February 1984, also reported that about 38 percent of U.S. families participate in neighborhood watch pro grams when the programs are available. Nearly 20 per cent of all American families live in communities with such programs. The bureau noted that law enforcement agencies and other organizations concerned with crime preven tion have increasingly urged the public to take steps to make homes, neighborhoods and workplaces safer. But the report said that crime prevention in many cases may be a secondary motivation for citizens who take precautions. “While homeowners may install alarm systems to pre vent burglary, they may also do so to reduce insurance premiums,” said the report’s author, Catherine J. W’hi- taker, a bureau statistician. “While it is relatively easy to measure specific crime prevention measures house holds have taken, it is more difficult to identify the rea sons.” Seven percent of all American households report having a burglar alarm, 7 percent participate in a neighborhood watch program and 25 percent engrave valuables with an identification number, with some tak ing more than one of those crime prevention steps. Thirty-two percent of those questioned said they felt their neighborhood was very safe f rom crime, 59 per cent said it was fairly safe and 10 percent said it was un safe, while more than 90 percent felt very safe or fairly safe at their workplace. =MSC Mania Week—- i^=Tuesday, March 11 Activities • MSC Political Forum Political Awareness Day • MSC Committees T-Shirts Day • MSC Council Assistant Program Orientation^ 8:30pm, 301 Rudder (Open to all Freshmen) (All activities to be held in the MSC/Rudder Complex) /