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WITH CART RENTAL
• Monday-Friday Before 3:00
• Exctuding Holidays • Expires 12/ \ 3/BB
• Two Person Minimum
• Must Bring Coupon
•With Student ID
Wednesdays Are Dollar Days
Wednesday, November 16,1988 The Battalion Page 7
Officials claim
Sematech helps
U.S.’s defense
£
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All videos $P°
Including
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00
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846-7312
frozen
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Monday-F riday
11 a.m.-2 p.m.
All Day
Wednesday
846-5752 ^foTTlOS
//
2 blocks north of University on Texas Ave.
lire Rice
University
Publisliing
Program
The Rice University Publishing Program, June 19-July 14, is
designed to develop talent, skills and career opportunities for per
sons interested in book and magazine publishing. The program is
designed for students who will be entering their senior year in 1989
and for college graduates. Although participants come from all dis
ciplines, the program has been of particular value to students in
English and other Humanities, Journalism, Art, Social Sciences
and Business.
The roster of guest lecturers includes more than forty top pro
fessionals in editing, graphics, marketing and production from
throughout the country.
For more information, contact the Office of Continuing Studies,
Rice University, P.O. Box 1892, Houston, Texas 77251-1892. Tele
phone (713) 520-6022 or 527-4803.
AUSTIN (AP) — Politicians and
scientists said Tuesday that Sema
tech, a high-tech research facility,
will help preserve the national de
fense by restoring the country to
dominance in the semiconductor in
dustry.
More than 1,000 people attended
the dedication ceremony of Sema-
tech’s new facility. It includes a $75
million “clean room” designed to
produce computer chips smaller and
more complex than any ever pro
duced before.
U.S. Rep. JJ. “Jake” Pickle, D-
Austin, said Sematech represented a
“happy marriage” between private
industry and the federal govern
ment.
“We pursued the maiden Sema
tech,” he said. “We wooed her, we
chased her, we caught her, we fell in
love with Sematech, and then we
married Sematech. It is a happy
marriage and it’s going to last a long
time.”
Sematech is a consortium of 14
semiconductor producers that will
conduct research on semiconduc
tors. Semiconductors are vital com
ponents to most electronic systems.
The consortium members will share
technologies and manufacturing
processes with each other.
The operation is funded jointly by
the member companies and the fed
eral government.
Federal spending is expected to
be $100 million per year for the next
five years.
Robert Noyce, president and chief
executive officer, said the venture
will help the nation gain ground in
the semiconductor market. Japan’s
semiconductor industry has overta
ken the United States in worldwide
market share, capital expenditures
and spending on research and devel
opment, according to Sematech offi
cials.
“Our economic strength is less
ening as other nations have devel
oped policies that utilize science and
technology more effective than we,”
he said.
Robert Costello, undersecretary
of defense for acquisition, said the
future of the nation’s semiconductor
industry is linked to national de
fense.
“The people that are knowledgea
ble about where we are in the de
fense business realize that a strong
industrial base is paramount, and
the electronics industry is the fore
runner,” he said.
In the United States, the electron
ics industry accounts for $230 billion
in annual sales and 2.5 million jobs,
according to Sematech.
The Sematech facility in southeast
Austin was converted from a ware
house measuring 132,000 square
feet. Within the structure is a “clean
room,” in which the air has been su
per-cleansed to enable researchers
to manufacture delicate semicon
ductors.
Suggestions
promote paying
child support
AUSTIN (AP) — Parents delin
quent in paying child support would
be unable to buy license plates or re
new their driver’s license under rec
ommendations informally approved
by a joint legislative committee.
Other recommendations in the fi
nal report of the House-Senate
Committee on Child Support in
clude:
• Notifying credit bureaus of
parents who are two months delin
quent on their child support pay
ments .
• Allowing judges to appoint
agencies or individuals to monitor
child support and visitation orders.
Two controversial recommenda
tions — a law making grandparents
responsible for the offspring of their
minor-aged children, and a measure
requiring payments toward college
education — were dropped from the
final report.
Due to a lack of a quorum — only
7 of the 16 committee members at
tended Monday’s meeting — the
panel reached an informal consen
sus on the report that will be passed
to the Legislature when it convenes
in January.
Committee members also recom
mended setting up a telephone hot
line for parents to check on the sta
tus of their case and establishing a
roup of trouble-shooters to help re-
uce the backlog of cases.
Rice University is an EO/AA Employe
Coffeehouse
Friday, November 18
8:00 p.m. Rumour's
Featuring
Acoustic guitars, comedians
Cajun stories, and a few added surprises
So, be there
It 'U Be groovy and Bey--it s IFI&fE
Analyst: MCorp
could be thrown
into bankruptcy
DALLAS (AP) — A banking ana
lyst says MCorp’s upcoming meeting
with bondholders could be more sig
nificant than the holding company’s
reported recent borrowing of hun
dreds of millions of dollars from the
Federal Reserve Bank of Dallas.
“That particular group of bond
holders, if they choose to do so,
could throw the company into bank
ruptcy,” Frank Anderson, of Ste
phens Inc. in Little Rock, Ark, said.
“I would think the most immediate
concern is for MCorp to either reach
an agreement with these bondhold
ers to prevent the bankruptcy or
possibly even make an interest pay
ment.”
The meeting is expected to be
sometime this week, Stephens said,
because MCorp’s 30-day grace pe
riod for declaring a moratorium on
$470 million in outstanding debt
ends Monday, when creditors can
demand payment.
The Dallas Morning News, quot
ing banking industry sources, re
ported in Tuesday’s editions that
MCorp accounted for the lion’s
share of the new borrowings in the
latest reported figures. The sources
said that would indicate large depos
itors have made withdrawals.
But Stephens downplayed
MCorp’s borrowing at the Fed Re
serve’s discount window.
“There have been some liquidity
pressures on the holding company
as a result of some qf the threats of
bankruptcy," Stephens said. "And to
this point, I don’t get the feeling that
the borrowings from the Fed —
which I guess were somewhere less
than $1 billion — have not become a
major stumbling block to them, as
they have adequte collateral with the
Fed to back up these borrowings.”
MCorp spokesman George Mc-
Cane said Monday that the Dallas-
based banking firm would release no
information about its deposit flows.
Figures released by the Federal
Reserve Bank show borrowings
from the discount window of the
Dallas Fed rose nearly $1.2 billion in
the two weeks ending Nov. 9, follow
ing a two-month declining trend.
The Fed does not identify banks
and institutions that have received
the loans.
Much of the $2.8 billion in last
week’s outstanding loans would still
be attributed to NCNB Texas, which
inherited Fed loans in July when it
took over Texas institutions of First
RepublicBank Corp., analysts said.
MCorp chairman Gene H. Bishop
has sought to combine FDIC aid
with new private capital to preserve
the last of the big Texas-controlled
banking firms.
The Federal Deposit Insurance
Corp. agreed earlier this month to
consider Bishop’s plan. The an
nouncement came after a near show
down over disposition of about $250
million in liquid assets held by
MCorp at the parent level.
Overcrowding
forces transfers
to state prisons
HOUSTON (AP) — Harris
County has been ordered to ship 290
jail inmates to state prisons each
week, even though the Corrections
Department already imposed a
quota system that limits the county to
180 weekly transfers.
U.S. District Judge James DeAnda
ordered Sheriff Johnny Klevenha-
gen to start sending more prisoners
to the Texas Department of Correc
tions beginning Dec. 5. The order
was part of a 16-year-old lawsuit
concerning county jail conditions.
But the TDC nas a quota system
for county jails that was imple
mented in response to U.S. District
Judge William Wayne Justice’s order
to ease crowding in the prison sys
tem.
DeAnda, who called the county
jail “dangerously overcrowded,” di
rected Klevenhagen to release 250
men and 40 women prisoners a
week, or as many as are eligible up to
that number, to the state. He did not
order TDC to accept the convicts,
and didn’t say what would happen if
they refused to do so.
The county jail is overcrowded be
cause it can only send 180 inmates to
the TDC each week, no matter how
many might be eligible to go. Other
county jail populations across the
state also have swelled as a result of
the TDC policy.
A Southgate Barber Shop
is MOW OPEN
In the Loupot Building
Popular Prices!
Walk-ins Welcome
Troy Causey-Owner
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Looking for on exciting and
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if you qualify. Contact your
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SSGT HENDRICKS
409-696-2612 COLLECT
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i
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1
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|
i
\<
h
Native-American
Cultural Exhibition
Zuni Pueblo
New Mexico
|4 Traditional Dances
Flute Music
Craft Display
Performances: Thurs. November 17th
MSC Room 201
7:00 p.m. & 9:00 p.m.
$2.00 per person
Tickets available at
MSC Box Office,
International Student Service
and Craft Display
Craft Display: November 16th & 17th
MSC Flag Room
Presented by:
MSC International
OPAS Development Forum
Sponsored by the Office of the Vice President for Student Services
A
The University of
Texas Medical
Branch
The School of Allied Health Sciences at Galveston
Health Careers Symposium -
November 17th - 4:30pm
Rudder Tower Room 302
* Physical Therapy
*Occupational Therapy
* Medical Technology
*Health Care Administration
*Health Information Management
*Physician’s Assistant
Come and Learn About the Different Health Professions offered by
UTMB, School of Allied Health Professions. Our programs require 2
years of prerequisites (approximately 65 hours) and two years of study
at the Galveston campus. There are seven hospitals (1,050 in-patient
beds, 89 outpatient clinics) located on the UTMB campus.
3