Tuesday, April 22, 1986TThe Battalion/Page 7
World and Nation
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OPEC fails
to make cuts
in production
C.KXKX A (AP) —* OPEC con
cluded its weeklong meeting to-
da\ alter failing to reach a unani
mous agreement on production
c uts that would raise prices.
Iran's chief delegate, Cholam-
re/.a Aghazadeh. told reporters
dial lOof the Imembei-nations
accepted a production ceiling lor
the | ulv-Septemher c|uarter of
Ki.'F million barrels a (lav, while
the other three countries wanted
the overall c|uota set at 14 million
barrels dailv.
The Organization of Petro
leum Exporting Countries cur-
tenilv produces about 17 million
barrels a clav. A bat rel is the
ec|ui\ alent 0142 gallons of oil.
Aghazadeh said Iran did not
accept the majorit\ \ iew and had
no intention ol cutting its produc
tion.
1 he Iranian minister said the
cartel's conference-ending decla
ration said all the members were
rommited to pushing oil prices
back to S2.S a bat rel.
He also said a special commit
tee of five OPEC ministers had
been created to coordinate the
cartel's contacts with independent
oil exporting nations such as
Mexico and Egvpt. OPEC wants
those non-OPEC producers to
join in cutting production.
Earlier. Iran's oil minister,
called the plan "a joke." saving
immediate cuts in output were
needed to drive oil prices sharplv
higher t his spring.
i)m ing a break in today’s talks,
several oil ministers f rom the Or
ganizations of Petroleum Export
ing Countries told reporters thev
saw no chance of agreement on a
comprehensive production pol
ice. even if a majority voted for
the summer production target.
Death toll nearing 100
in fighting in Philippines
MANILA. Philippines (AP) —
Battles between soldiers and com
munist rebels have taken nearlv 100
lives in three davs. and Ferdinand E.
Mateos predicted Mondav that the
insurgents will oust President Cora-
zon Ac|uino within a month.
Mateos, who lied thecountt v Feb.
20 lot Hawaii, accused Aquino and
members of bet Cabinet of being
svnipathetic to the communists.
Fhe official Philippine News
Agencv said 2.4 guerrillas, 17 sol
diers and a civilian were killed in the
latest clash, which occurred Mondav
in Cagavan province on the north
eastern coast of Luzon Island. Fhe
death toll in five ac tions since Friday
is 01 soldiers. 40 New People s Artnv
instn gents and the c iv ilian.
Marcos claimed Mondav that what
he called Aquino's lack of leadership
had strengthened the rebels and
weakened the mililai v .
I le pi edic ted that opposition to
Aquino will glow, her government
will fall within a month and instabil-
itv w ill spread through Asia.
1 he moment the Philippines
goes under, the countrv is taken
ovet bv the communists, then we
have a problem in the entire Asian
Pacific.” the former president said,
'll mav end up wiih the entile Asian
Pacific starting a serious war, and it
mav be a third world war. Ellis is
what I'm worried about."
Recent statements bv Marcos have
been increasinglv strident and omi
nous. His supporters have begun
demonstrating in the streets and he
urges them on.
In a tape released Monday, he re
peated the claim that he is the legiti
mate president of the Philippines
and once again expressed support
loi the efforts of his lovalists.
About L0(M) people gathered
Sundav at Manila's I.uneta Park to
support the appointment of Arturo
l olentino as acting president. I o-
lentino was Marcos' running mate in
the fraud-tainted Feb. 7 election that
led to the rebellion.
Fhe National Assemble, which
Marcos controlled and Aquino has
disbanded, dec lared Marcos and Fo-
lentino the election winners. Fhe
president was sworn in before he
lied, but lolentino. who remained
in the countrv. was not.
Marcos lovalists continued a dem
onstration begun last week in front
of the T.S. Embassv. Thev accuse
the Tinted States of kidnapping
Marcos when T.S. Air Force planes
flew him and his entourage to Ha
waii.
Summit to explore stabilizing currencies
WASHINGTON (AP) — Presi
dent Reagan said Monday he ex
pects to talk to major U.S. trading
partners next week about some
method of stabilizing world curren
cies “and quit having this volatility
and ups and downs.”
During an interview w ith The As
sociated Press and other new r s agen
cies in advance of his trip to Asia for
next week’s seven-nation economic
summit conference, Reagan said
currency questions will be among
the items discussed.
Ffe did not suggest any new plan
for intervening in currency markets
or fixing relative values, of the va
rious major currencies.
In his State of the Union Address
in January, Reagan asked Treasury
Secretary James A. Baker III to
study the possibility of calling such a
conference.
“The yen — and its depre
ciated value—was the big
gest advantage that they
(the Japanese) had be
cause their products were
underpriced compared to
ours. ”
— President Ronald Rea-
gan.
Fhe United States is running a
trade deficit with the Japanese in the
range of $50 billion a year.
Japanese Prime Minister Naka-
sone Yasuhiro, during a recent state
visit here, promised Reagan that he
would seek to bring about changes in
Japanese lifestyles to convert the na
tion into more of a consumerist so
ciety, and therefore lessen its com
petitive advantages over its trading
partners.
The economic recoveries of the
European allies “were not as great or
as early as ours, and so I think it is le
gitimate to say that their currency
was undervalued as much as we
could say that ours w'as overvalued,”
Reagan said.
“And with the yen, this is truly a
great advantage because the biggest
amount of our trade imbalance is
with Japan.
And I think that more than any
restraints they have on imports, the
yen — and its depreciated value —
was the biggest advantage that they
had because their products w'ere un
derpriced compared to ours.”
BETA. O.VMM Y SIGMA.
The College of Business and Beta Gamma Sigma, the national business
honorary society, congratulate the following people, who were inducted
into the society at the induction banquet on April 10.
Juniors
George Denwel Barre
Suet Lai Boey
Martha Anne Boyce
Judy Ann Brandenberger
Vincent Lee Burkett
Steven Bruce Carter
Kathryn Ann Cedeno
Camille Elaine Clark
Karyn Mills Conway
Alison Correll Craig
Keith Anthony Crane
Lori Elizabeth Davidson
Robert Wayne Doggett
Marlen Suzanne Dortch
William Ballard Fitzgerald
Elizabeth Carol Foster
Robert Daniel Foster
Deborah Ann Haass
Leisa Catherine Hamm
Robert Alan Hawkins
Mary Kay Hendricks
Amy Kathleen Hendrickson
Elizabeth Rebecca Hill
Renee Lynn Holz
Jamie Ronnee Horton
Carmel Jean Hupe
Andrea Marie Jumes
Donna Lynne Krupala
Hong Tsan Laura Liong
Jeffrey Dion Mackey
Ashley Lynn Midwikis
Teresa Gellert Moore
David Michael Nilsen
Laurie Jean Oedewaldt
Carol Sue O’Guynn
Bernard Joseph O’Rourke
Fred Brady Parish Jr.
John Micheal Pyburn
Karen Joan Reilly
Richard Landon Sanders
Mark Allen Self
James Thomas Shepard
Dean Marcus Shults
Thomas Euclid Smith Jr.
Julie Gayle Stremmel
Karen Marie Supak
Suzanne Margaret Verheul
Cynthia Nan Webb
Jennifer Lee Wenzel
Jeannine Ruth Zaeske
Gary Wayne Zamanek
Seniors
Nicholas Adame
Jana Eileen Ahlfinger
Karie Lyn Aschenbeck
Margaret Rose Aulenbacher
Laura Ann Battle
Denise Suzanne Beran
Marianne Blackstock
Bethany Ann Bohuslav
Laurie Ellen Bowman
William Eugene Brooks
Larry Brett Bullington
Michael Foster Burchiel
Thomas Jackson Cartwright
Lauren Bess Chadwick
Jay Robert Cherrington
Jill Karen Craig
Mary Nan Doran
James Reed Dunbar
Elaine Diane Evetts
Patrick David Fletcher
David Robert Foss
Mark Andrew Giltner
Robert Stephen Glenn
Kathleen Helen Graeber
Deidre Lynn Guy
Cynthia Hale
Katherine Ruth Harnitz
James Allan Henkhaus
James Edward Hill
Tracy Ann Hinton
Vicki Ann Hnetynka
Sue Calfee Hochman
Patrick James Hoffman
Belinda Fay Hoppe
Philip John Jander
Carol Lynette Juner
Veronique Elizabeth Kellow
Brenda Kathryn Kresta
Kelly Celeste Landry
Harold Lee Lasser
Christopher Guy Martin
Donna Ash Malindale
Mitzi Jean McE roy
Scott Anthony I McLaughlin
Jennifer Paige i/IcNemar
Jose Eduardo Moguel
Charlotte Ann Monk
Carol Beth Murray
Sandra Eve Nannini
Loretta Kay O’Brian
Christopher Francis Ochs
Stacy Wooters Parker
Margaret Marie Peck
Timothy Mark Petersen
Lisa Elizabeth Pilliod
Myra Jane Pirtle
Joanna Kay Pitner
Wanda Jane Pitschel
Jennifer Lynn Rankin
Alisa Kay Rhinehart
Mark Douglas Rines
Julie Catherine Schott
Robyn Stacey Schultz
Gretchen Gail Schulz
Charla Marie Schwab
Annette Marie Sedita
David Andrew Lawrence Sharp
Shelli Renae Shivers
Judy Ann Singleton
Gary Clinger Smith
Lloyd Eugene Smith
Sharon Lisanne Smith
Krista Marie Stranges
Elisa Suzanne Surles
Gregory Dale Taylor
Nancy Joe Thielemann
Dana Lynn Tompkins
Dianne Travis
JoAnn Trojacek
Michelle Elaine Waida
Susan June Ward
Gary Vaughn Wheeler
Susan Kathleen Wight
Sarah Melanie Wilson
Martha Ann FeemsterWolvert
Sandra Marie Wortman
Masters
Geoffrey Basis Ayonb
Timothy Joseph Bertram
Shari Hettich Bishop
Craig Wray Clark
Leonardo Collazo
Roy William Corcoran Jr.
John Daniel Dunegan
Susan Carol Gray
Steven J. Harris
Addison Vorhees Lawrence
David Duane Mehl
Patrice Louise Melcher
Mary Caroline Menr
Kathleen Kaye Mooney
Ronald Leftwich Paxton
Joseph Peter Robinson
Radhika Santhanam
Jo Ann Setliff
Paula Elaine Stratouly
John Alvis Vandygriff
Santosh S. Venkatraman
Samuel Forrest Worthen
Doctorals
Sarath P. Abeysekera
Michael Roy Bomers
Klaus Peter Fischer
Ralph Wade Jackson
Daniel Frederick Jennings
D Robert Okophy
Larry Reynolds O’Neal
Clyde Douglas Poe
James Edward Skivington
Donna Lynn Welker
cut here 1
Defensive Driving Course
April 22 & 23, 28 & 29
College Station Hilton
Pre-register by phone: 693-8178
Ticket deferral and 10% insurance discount
cut here:
First Annual
Aggie Muster Mass
May April 22 9:30 p.m.
All Faith’s Chapel
sponsored by St. Mary’s Catholic Student Association
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