Wednesday, August 26, 1987AThe Battalion/Page 11
World and Nation
chool foils bomb scare
ifter AIDS carriers return
iRCADIA, Fla. (AP) — A bomb
threat forced temporary evacuation
of an elementary school Tuesday
when three brothers exposed to the
AIDS virus arrived for their second
day of class under court orders.
■Later, a caller to the school ad
ministrative offices simply said
Boom” and hung up, said DeSoto
County Sheriff Joe Varnadore. Af
ter the first call, the school was
searched, nothing was found and
routines were resumed, said Larry
Browning, school superintendent.
■“We’ll get to the bottom of this,
particularly if they call again and I’ll
press charges,” Browning said, call-
lollor's rally
pushes market
to new high
NEW YORK (AP) — The stock
arket moved back into record
|erritory Tuesday, propelled up-
ard by a rally in the dollar and
f reasury bonds.
The Dow Jones average of 30
industrials reached another re
cord close, gaining 25.35 to
2,722.42. It was the 55th record
igh for the closely-watched ba-
ometer since the beginning of
jhe year, when the average stood
|t 1,895.95.
The dollar, boosted by heavy
buying by central banks trying to
item its decline, ended a string of
|osing sessions, and analysts said
he stock market, which has fallen
h some recent sessions because of
he dollar’s weakness, responded
to the currency’s turnaround.
Investors have been concerned
bout the dollar’s drop because a
lower dollar carries the possiblity
I of higher interest rates and con-
equently, an increase in cor-
orate expenses.
The market also got a “buy”
ignal from a jump in bond
rices, which were buoyed by the
ollar’s strength.
mg the incidents “hurtful to the
school district, the children and the
taxpayers.”
He said tracers were being put on
school telephone lines.
Arcadia’s Memorial Elementary
School has been the subject of pro
test rallies and parents’ calls for a
student boycott since a federal judge
ruled that the Ray brothers — Ricky,
10, Robert, 9, and Randy 8 — have
the right to attend classes with other
children.
Many parents fear their children
could be exposed to acquired im
mune deficiency syndrome by the
brothers. Physicians maintain the vi
rus that causes AIDS cannot be
passed on through casual school
contact; the brothers have no symp
toms of AIDS.
On Tuesday, 380 children showed
up for class and more than 300
stayed home. On Monday’s opening
day, 337 students showed up.
The first bomb-threat call was re
ceived at 8:03 a.m., just as the Ray
boys arrived. As on the first day, po
lice were guarding the grounds.
Some parents who had taken their
children to school decided to take
them back home after the first
threatening call, said Principal Don
ald Knoche.
DeSoto school officials barred the
brothers, all hemophiliacs, from
class last fall after they tested posi
tive for antibodies to the AIDS virus.
Bull market raises
investment gains
for pension funds
WASHINGTON (AP) — The ris
ing stock market has been a boon to
state and local government retire
ment programs, helping make in
vestment earnings their major
source of income, according to a
government analysis released Tues
day.
The Census Bureau reported in
vestment earnings became the
source of the majority of the money
coming into state and local govern
ment retirement systems last year.
“The stock market is up,” said
Henry Wulf of the finance branch of
the Census Bureau’s governments
division. “Everybody is helped by
that if you have investments. That
has to be a part of the answer.”
Vic Miller of the National Confer
ence of Public Employee Retirement
Systems said, “It’s been a favorable
market. The fact that we fund public
pension funds — state and local gov
ernment funds — and put the
money away in securities,” has al
lowed the improving market condi
tions to boost income to the plans.
The census study said earnings on
investments made up 55.5 percent
of the money flowing into state and
local government retirement plans
last year. That meant that of $88.1
billion in receipts in fiscal 1986,
some $48.9 billion came from invest
ments.
That share edged up from 48.6
percent in fiscal 1985 and was well
ahead of the 37.1 percent that in
vestment earnings contributed to
state and local government retire
ment plans in 1981. In 1971, invest
ment earnings contributed about
one-quarter of the money received
by retirement plans, the agency re
ported.
By comparison, employee contri
butions last year amounted to $10.6
billion, or about 12 percent of rec
eipts. That was down from 13.2 per
cent the year earlier, 16.8 percent in
1981 and 28 percent in 1971.
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