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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 14, 1989)
i Page 6 The Battalion Thursday, September 14,1989 Lorenzo: Eastern forecasts ’90 profit despite union strike HOUSTON (AP) — Texas Air Corp. Chairman Frank Lorenzo told shareholders Wednesday its Eastern Airlines subsidiary will start making money next year, despite the strike bound carrier’s enormous debts and bankruptcy proceedings. While about 100 Eastern strikers chanted anti-Lorenzo slogans out side the Texas Air annual meeting, the chairman of the nation’s biggest aviation company said he has no plans to quit the airline business, won’t sell Eastern and likely will as sume some of its financial obliga tions. Lorenzo further reiterated that Texas Air’s other airline Continental may be sold. But he had no com ment on a statement by Scandina vian Airline System, which owns a 9.9 percent stake in Texas Air, that it is not interested currently in buying part of Continental. His remarks about Eastern came as the airline was mired in the sev enth month of a strike that has be come a national symbol of labor re sistance and has left thousands of pilots, flight attendants and mechan ics walking picket lines demanding that Lorenzo must go. Eastern has been replacing the strikers with picket line crossers and non-union hires and is flying a lim ited operation, but it is doing busi ness under the protection of federal bankruptcy court, where it sought protection from creditors five days after the strike began March 4. “Eastern is projecting profitable operations beginning next year,” Lo renzo told about 300 shareholders, who responded during the hour- long meeting at a downtown Hous ton hotel with applause. He said Eastern has made an “as tonishing rebound from the devasta tion caused by the strike of its three unions, and is recovering much fas ter than expected.” Lorenzo also said Eastern’s pro posed bankruptcy reorganization plan, submittea July 21, will likely receive final approval by year-end or early 1990, clearing the way for the airline to emerge smaller. Asked about speculation that he will get out of the airline business, Lorenzo said “I plan to be around for plenty of years to come, God will ing.” He also said: “Texas Air is stand ing behind Eastern Airlines, and the possibility is excellent that Texas Air will assist Eastern.” The annual meeting coincided with a hearing in Manhattan federal bankruptcy court at which a judge approved a plan for payment of $98.3 million Eastern owes to em ployee pension plans. Texas Air is loaning Eastern $45 million toward the payment, Eastern is paying $27 million and the rest has been de ferred. Special session on ethics called for by state senator AUSTIN (AP) — Saying massive spending by lobbyists has damaged public faith in the Legislature, a state senator Wednesday requested a spe cial legislative session on ethics be fore the Nov. 7 election where law makers want their wages tripled by voters. “The public has a right to know whether Texas lawmakers are se rious about cleaning up the lobby mess,” Sen. Chet Edwards, D-Dun- canville, said. “I keep hearing the same message from the public . . . lawmakers need to pass lobby reform before they get a pay raise. The moral of that mes sage is — no pass, no pay,” Edwards said. In a letter urging Gov. Bill Clem ents to convene the special ethics ses sion, Edwards noted that lobbyists spent nearly $2 million during the 140-day regular session this year. Lobbyists used the money to wine and dine lawmakers, give them golf games at exclusive private clubs, and take them on trips that included ski vacations and visits to Mexican re sorts. The senator, who is a 1990 candi date for lieutenant governor, said the influence won by lobbyists through their spending erodes the public’s clout with lawmakers. “The voices of average citizens are being drowned out in a sea of lobby money,” Edwards said. In his letter to Clements, Edwards said he thought the governor would agree “that lobby expenditures have gotten out of hand, and that public confidence in state government has been shaken as a result. “I respectfully request that you call a special session prior to the Nov. 7 election to show the public that lawmakers are serious about lobby reform,” he wrote. The first of 21 proposed constitu tional amendments on the Nov. 7 ballot would more than triple law makers’ pay — from the current $7,200 a year to more than $23,000. A&M hosts membrane technology seminar Texas A&M will host the Third International Meeting on Mem brane Biotechnology Sept. 17-20. All sessions, held in 301 Rud der, are open to A&M faculty and students. “The main thrust is the modifi cations which may be brought to membranes in order to use them as drug carriers, as antigen car riers, as receptor carriers, or the engineering of artificial mem brane systems to be used for the same purposes,” Co-Chairman Claude Nicolau said. “This may have significant implications in a number of medical applications — like treating infectious dis eases, like AIDS for instance, he patitis; carrying drugs in order to improve oxygen delivery; tar geted delivery of some drugs — targeted to certain cells in the or ganism — essentially in the liver, the spleen, and the bone mar row.” The 21 sessions, each lasting 40 minutes, will be conducted by participants from London, Spain, France, U.S.S.R, West Germany, Israel, Washington, D.C., Roches ter, N.Y., and other national and international sites. The two previous international conferences were held in Spain and the Canary Islands. For more information on the conference, contact the Depart ment of Biochemistry & Biophy- on Friday, SEPT. 15 DoubleDave V Ptzzaworksy will be wandering around the A&M campus. The first person who asks him the question, Are you DoubleDave? will be given $100 in cash. 99 Last year Dave’s feelings were hurt when nobody recog nized him. So this year his photo is included to make it easier. Please study the photo closely. You will be tested over this material. Tired of letting people use your^haiP as their training ground? come see a trained “pro" at I3.i r her ^ BT’StyleShop $10 guys $12 gals ($12 Reguar) ($14 Regular) Regular Haircut $7°° 215 University Dr. THE 2nd ANNUAL BRAZOS VALLEY BOWHUNTERS’ 3-D SHOOT OUT proudly presented by the Brazos Bowmer Archery Club of Bryan-College Station,!) SUNDAYSEPT. 17,1989 Registration: 12 noon ’til 1:30 pm : Shoots start 2:00 pm sharp Watkins Welcome Appointments Available with this coupon 846-2228 Entry Fee: Adults & Youth $8.00 : Cubs & Pee Wee $4.00 For more information call: Larry Wentrcek 776-8872 Tim Huval 778-6340 Tom Mackey 774-0599 , ^ a a ^ a a > OFFICE OF UNIVERSITY ART COLLECTIONS AND EXHIBITIONS PREHISTORIC TEXANS OF THE LOWER PECOS SEPTEMBER 14 OPENING LECTURE 7:30 PM RUDDER TOWER ROOM 701 “ART AND LIFE WAYS OF THE LOWER PECOS” BY DR. HARRY J. SHAFER, ANTHROPOLOGY DEPT, TAMU OPENING RECEPTION 8:30 PM RUDDER EXHIBIT HALL SEPTEMBER 14 THROUGH OCTOBER 31 RUDDER EXHIBIT HALL 8 AM TO 11 PM DAILY FOR MORE INFORMATION AND DOCENT TOURS CALL 845-8501 TEXAS A&M UNIVERSITY THE TEXAS A&M PROGRAM IS MADE POSSIBLE IN PART BY A GRANT FROM THE TEXAS COMMITTEE FOR THE HUMANITIES, A STATE PROGRAM OF THE NATIONAL ENDOWMENT FOR THE HUMANITIES. THE WITTE EXHIBITION WAS FUNDED BY A GENEROUS GRANT FROM THE AT&T FOUNDATION. PHOTOGRAPH COURTESY OF JIMMY ZINTGRAFF. IL?! FIRST ANNUAL BOSE* /AUDIO VIDEO IN-CONCERT SALE & EVENT For 3 days only Steve Brookes of the BOSE CORP. will be in Biyan-College Station to an swer your questions in home entertainment. To celebrate this event we decided to have our FIRST ANNUAL BOSE SALE. Don’t miss this opportunity to save on the legendary BOSE speakers, and talk with the FACTORY REPRESENTATIVE. Great Prices! V. BOSE* 301 “ SERIES II Acoustimass" 3 Direct/reflecting sound assures the 301’s sound many times bigger than their size. Dual frequency® crossover for smooth rich mid range, and ported design for maxi mum bass extension. Available in high definition black, or walnut fin ish. Who says you can’t have big sound in a small package (at a small price)? BOSE has taken a real- world approach to speaker design Reg. $425.°° P r. Sale $299. 00 Acoustimass AM-5 Speaker System pr. Hear the legendary Acoustimass-5 Speaker System in the “BOSE ULTI MATE AUDIO-VIDEO SYSTEM.” “Side by side with speakers costing 3 to 5 times as much the Acoustimass-5 consistently produced the more excit ing and listenable sound...” Stereo Reviews Julian Hirsch introducing Virtually Invisible speaker systems by BOSE! Hidden anywhere the Acoustimass 3 gives you rich sound you have to expect from BOSE. Don’t miss this expe rience. BOSE* 101’' Environmental Speaker. NEW! THE FREESTYLE Mamed for it’s elegant European look. The Freestyle™ speaker by BOSE utilizes a new BOSE technology that gives the speaker a strong degree of bass never before possi ble for a speaker its size (or price), without moving refrigerator-sized cabinets into your living room. You can get the full impact of a live performance at a reasonable price. Connected to most any receiver, this versatile speaker sys tem has many BOSE design el ements which give it surprisingly strong and powerful sound. Wa terproof and weatherproof for use anywhere. Sale $169. 00 Audio Video 707 Texas Ave. 696-5719 Limited Quantities Cash or Check Prices All Major Credit Cards Thursday-Saturday 10 a.m.-6 p.m. Free gift to first 50 pur chases. All products on sale except products under uni lateral price policy.