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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (June 18, 1987)
Page 8/The BattaliorvThursday, June 18, 1987 Prosecutor to continue investigating drug case Warped by Scott McCull! ...50, vjenE. 60T RAItf HLADEJ? FOR OUR ARE-A Tomorrow AS YOU CAN 5t£, AND — ANP... ...WHAT THE HEU15 THAT TH/NG HEADED FOK THE. NORTH SIDE? LOOKS LIKE A SCREAMING. | plummeting ASTEKolDf \ ATLANTA (AP) — There is in sufficient evidence to prosecute Mayor Andrew Young or other city officials for obstruction of justice in the handling of drug allegations against civil rights activist Julian Bond, a federal prosecutor said Wednesday. But U.S. Attorney Robert Barr said his office is continuing to inves tigate allegations of possession and distribution of illegal drugs by a number of prominent Atlantans. He declined to identify the targets of the drug investigation, which be gan after Alice Bond went to police March 19 and reported that her hus band used cocaine regularly. Bond, a former state senator and current president of the NAACP in Atlanta, has denied drug use and has not been charged with any crime although Mrs. Bond, in a tape re cording of a police interview, said drug dealers fed cocaine to her hus band “like milk to a baby.” Barr would not speculate on when his office would wrap up its investi gation or whether a federal grand jury would hear more evidence. Young, flanked by top city offi cials and supporters, said at a City Hall news conference later that his faith in the judicial system has been affirmed. “I was really pleased that after a complete and thorough investiga tion, the U.S. attorney found there was nothing we could be indicted for,” Young said. “The thing that hurt me the most (about the investi gation) was to be associated with drug use.” The grand jury was asked to con sider whether Young, who was am bassador to the United Nations in the Carter administration, tampered with a federal witness by telephon ing Mrs. Bond on March 25 before an interview she had with police and FBI agents. Young acknowledged that he made the call, but said he called her out of concern as a family friend and the call was not intended to discour age her testimony. “I said if she really had evidence, fine, but if she was just telling, pass ing rumors . . . she shouldn’t do any thing in a fit of emotion,” Young told reporters. Mrs. Bond later told police she would no longer provide them with information and called newspapers to recant her previous statements, saying they were made when she was under emotional stress. Mrs. Bond’s attorney said she told the grand jury she did not believe Young was trying to stop her from going to the police. Young has said he called Mrs. Bond after being briefed on the mat ter by Police Chief Morris Redding. SHAME on wfl TOST WANTED TO SEE IF ANYONE WAS PAYING ATTENTION... r ’■'MO* U.S. economy shows growl after trade deficit improve Panda cubs reported to be in good health MEXICO CITY (AP) — Two panda cubs born in Chapultepec Zoo two days ago were in fine health Wednesday, the zoo’s di rector said. “So far, the two are in excellent condition,” director Maria Elena Hoyo said in a phone interview. Counting the two tiny cubs born Monday to Ying-Ying, do nated to Mexico by China in 1975, Mexico now has seven pan das, the largest panda family out side China. Ying-Ying is nurturing what appeared to be the largest of the two, while the second was being cared for in an incubator. Hoyo said special milk was be ing brought in from Washing! n to feed to the second cub. She said if that works, plans to give the cub to a female of another an imal species for nurturing would be postponed. Intelligence sources: Iran may spearhead terrorist attacks in gulf WASHINGTON (AP) — Intelli gence officials have warned that Iran might sponsor terrorist attacks against U.S. interests in the Persian Gulf in a way that would be difficult to trace back to Tehran, congressio nal sources said Wednesday. The CIA has told the Senate and House Armed Services Committees that there is only a relatively low probability that the Islamic funda mentalist nation will directly attack U.S. Navy ships or l T .S.-protected Kuwaiti tankers, said the sources, speaking on condition of anonym ity. Instead, Iran is likely to strike at ships which won’t be protected by the U.S. Navy, the sources said. Iran also might try to hit the U.S. ships in a manner that couldn’t be directly tied to Iran, the sources said. Meanwhile, Rep. Les Aspin, D- Wis., chairman of the House Armed Services Committee, said the administration has seriously un derestimated the risks involved in the gulf, especially those posed by mines or by terrorist attacks. The dispute over the threats to U.S. interests in the volatile region came as the Senate Foreign Rela tions Committee delayed action Wednesday on a bill that would prohibit President Reagan from im plementing his plan to protect Ku waiti oil tankers in the Persian Gulf until Congress first approved it. Pentagon sources earlier said the United States expects to begin es corting Kuwaiti oil tankers in the gulf using eight warships in early July- WASHINGTON (AP) — The U.S. economy, helped out by the first back-to-back quarterly im provements in the trade deficit in six years, grew at a surprisingly strong 4.8 percent annual rate in the first three months of the year, the gov ernment reported Wednesday. The Reagan administration said the performance of the gross na tional product from January through March was signaling a “bright economic picture for 1987,” but private economists were less en thusiastic, contending that the GNP was vastly overstating economic strength. The new report represented an upward revision from a month ago, when economic growth was esti mated at 4.4 percent. All of the im provement came from a sharper drop in the nation’s trade deficit than previously believed. The 4.8 percent GNP rate was more than four times the 1.1 percent GNP increase recorded in the final three months of 1986 and it was the best performance since the economy grew at a 5 percent rate in the spring of 1984. The faster growth was accompa nied by higher inflation, however. An inflation index tied to the GNP showed prices increasing at an an nual rate of 4.2 percent in the first quarter, the fastest advance in three years. The increase was blamed on higher energy costs. The country’s trade deficit de clined at a rate of $ 14.3 billion in the first three months of the year follow ing a $15.3 billion drop in the fourth quarter. It was the first time trade has improved in two consecutive quarters since 1980. In another report Wednesday, the government said American facto ries, mines and utilities operated at 79.6 percent of capacity in May, up 0.2 percentage point from April. Analysts said this increased operat ing rate was further evidence that the manufacturing sector is starting to regain lost overseas markets. The administration is counting on a big improvement in trade this year to boost economic growth in the face of slower consumer demand. Presidential spokesman Marlin Fitzwater said the new GNP figures showed “every reason for optimism” that no new recession is imminent. But private economists noted that of the major components of GNP, only two showed strength in the first quarter. In addition to a $ 14.3 billion drop in the trade deficit, business in ventories shot up $69.2 billion. The large inventory build-up was coming at a time that consumer spending was declining for the sec ond consecutive quarter, a rare event which last occurred 13 years ago at the start of the 1974 recession. 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SALE 13.99-19.99 Peninsula*.. .gives a man the competitive edge in the way he looks and feels, in all cotton classics. Twill shorts and knit rugby stripe sliirts with woven collars. And bright awning stripe or woven bull'alo check camp shirts. Reg. 27.00and 28.00. SALE 19.99-20.99 Adidas*...champion looks and the choice of sportsmen the world over. Our collection indudes all cotton and poly/cotton shorts, screen print Tees andknittanks. Reg. 10.00-18.00. SAI.E 6.99-12.99 Use Your Bealls Charge, Visa, American Express, Discover or MasterCard which followed a 04 percenii the fourth quarter. In addition, business spending dropped 9.7 perctr] housing construction was! an annual rate of 4.7 percem first quarter. “We have turned the terms of trade, but others of the economy are weak,’ rence Chimerine, preside:! Wharton Econometrics of BaliI wyd, Pa. “With auto sales and f ing weakening, the big ouessi how much strength we williuv| the second half of the year." The inventory build-up, iktl jor source of strength in diej quarter, will not be repeateda: tually will be a source of weahs production is reduced tov unwanted stockpiles in thef slumping sales, analysts said Washington economist Evans predicted GNP growh April-June quarter woulds 1.25 percent with only as provement in the second hii year. Maury Harris, chief econoq PaineWebber Inc., also much slower growth forthci! the year, but he said suchap mance was still remarkable lot covery that is now 55 monthsuil “We will have a pretty considering this is the fif an economic recovery,” dci “Usually expansions die by ip -'•-rt'fiHS Wsi§0‘'$£i3k ■ -a; \iS$ POST OAK MALL -College Station MANOR EAST MALL -Bryan Both Stores Open For You 10 a.m. -9 p.m. Mon.-Sat. 12:305:30 Sunday matterwta you've go to say or sell, our Classi fieds can help you do the big joli. 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