Wednesday, May 9,1990
The Battalion
Page 11
Globetrotting
Czechoslovakia
Today is a national holiday in
Czechoslovakia. One Texas A&M
student is from this country.
Facts about Czechoslovakia:
Official name: Czechoslovak So
cialist Republic
Area: 49,381 sq. mi.
Capital: Prague
Population: 15.5 million
Languages: Czech, Slovak, Hun
garian
Religions: Roman Catholic, Prot
estant, Orthodox, Jewish
Life expectancy: 70 years
Regulators agree
to lower prices
IMF approves $60 billion
lincrease for assistance
WASHINGTON (AP) — Interna-
Itional Monetary Fund officials ap-
hekj Iproved a record $60 billion increase
le kj; jin resources Tuesday to meet grow-
lg^. ling demands for assistance from
:edJ||emeiging democracies in Eastern
a ajjBEurope and debt-strapped nations
^^lin Latin America.
The authorization from the IMF’s
policy-setting interim committee
Icame after the panel adopted a U.S.-
ited? ibacked proposal to cracK down on
Wlcoimtries that are delinquent in re-
â– paying their IMF loans,
iwfiwl The 50 percent increase, which
acnsllstill nuist l )e approved by the voting
w ^membership of the 152-nation fund,
^^Hwould boost IMF lending resources
i^ atoS 180 billion.
Third World countries had
B "night to double IMF resources,
intending $240 billion is needed to
asure that economic assistance to
astern Europe does not crowd out
support for Latin America and Af
rica.
B.T.G. Chidzero, finance minister
for Zimbabwe, said greater support
from the IMF and its sister lending
organization, the World Bank, was
critical to avert “falling into a crisis
of international development fi
nance in the present decaae.”
On another matter, the finance
officials stopped short of endorsing
a proposal to create an environmen
tal fund in the World Bank to supply
$1.3 billion in low-interest loans over
three years.
The money would be used to ad
dress cross-border environmental
problems such as global warming,
the growth of deserts, river system
pollution and destruction of the
ozone layer.
France is backing the new fund,
but the United States and several
other countries are opposed.
WASHINGTON (AP) — Federal
regulators agreed Tuesday to cut
prices on hard-to-sell real estate the
government is inheriting from bank
rupt savings and loans.
White House spokesman Marlin
Fitzwater said the administration en
dorsed stepping up sales, but with
held comment on the specifics of the
plan.
The Resolution Trust Corp. voted
unamiously to permit regulators to
cut a property’s price by 15 percent
if it had not sold in six months —
four months for a single-family
home. A further reduction of 5 per
cent is allowed after an additional
three months.
The RTC adopted a second policy
authorizing auction sales, allowing
no more than a 30 percent discount
from appraised value.
Meanwhile, the Joint Economic
Committee said Tuesday that the
1990 budget deficit will swell to $185
billion, up from $152 billion last
year, and that thrift-related spend
ing could total $45 billion this year.
The new sales policy is stirring
concern among real estate profes
sionals who fear that too many cut-
rate sales could hurt already de
pressed markets in some areas of the
country.
“It’s a fine line that has to be
walked. They (the RTC) are not
oblivious to this,” Fitzwater said.
“We are concerned about getting
rid of the properties in a way that
helps reduce the burden on the tax
payer,” he said. “We obviously don’t
want to wreck the economy.”
Regulators said holding a backlog
of real estate off the market, with the
hope that prices will rise, can be just
as harmful.
“We’ve become convinced that
holding on to property is too costly
both for us and the taxpayer and
what we’re adopting is designed to
move properties without disrupting
markets,” said RTC Chairman L.
William Seidman.
The proposal originally came be
fore the RTC board two weeks ago.
The board delayed action at the
urging of Comptroller of the Cur
rency Robert Clarke, who regulates
nationally chartered banks.
Clarke said he feared faster sales
could hurt still-solvent banks and
S&Ls struggling with deteriorating
real estate portfolios.
However, Clarke said an analysis
by the RTC staff convinced him the
new policy would have little effect on
solvent institutions.
“We’ve satisfied ourselves that as
far as we can tell, and you can never
tell for sure, adoption of this policy
would not have an adverse effect on
any of the institutions not in receiv
ership,” he said.
At the end of February, the last
month for which firm figures were
available, the RTC owned $16.4 bil
lion in real estate after having sold
$2.1 billion.
It expects its portfolio to swell as it
repossesses property posted as col
lateral for now-aelinquent loans.
A Treasury-led panel overseeing
the RTC’s work for the Bush admin
istration encouraged the agency to
offer greater price cuts sooner than
permitted in the new policy.
ernii:
â– idit
ivthe
insonfl
his Mi
Fund-raiser
dies from
pneumonia
WASHINGTON (AP) — Carl
“Spitz'' Channel!, who was con
victed of illegal fund-raising ac
tivities in the Iran-Contra case,
has died of pneumonia while re
covering from a car accident, an
associate said Tuesday.
The conservative fund-raiser
died Sunday, according to former
Rep. Dan Kuykendall, a friend of
Channel! who worked on pro-
Contta causes during the time
Channel! was also involved.
Kuykendall said Channel! had
been undergoing chemotherapy
for lung cancer and had recov
ered enough to engage in consul
ting work. But. about two months
ago. as he was getting out of his
car near his office in Southeast
af
who is now a Capitol Hill lobbyist.
u He struggled and struggled,”
to recover from massive injuries
that included several broken
bones and a crushed pelvis, said
Kuykendall.
Study: Special education lacking
NEW YORK (AP) — At least two
of three emotionally disabled chil
dren are not getting the special help
from public schools they’re entitled
to under federal law, according to a
soon-to-be released report.
Even students who get placed in
special education too often encoun
ter a stultifying “curriculum of con
trol,” heavy on silence and obedi
ence and light on learning.
One result: a 42 percent dropout
rate among youngsters with identi
fied behavior disorders, according to
a draft copy of “At the Schoolhouse
Door: An Examination of Programs
and Policies for Children with Be
havioral and Emotional Problems.”
Less than 1 percent of the public
school population, about 400,000
students, were identified by school
authorities as having behavioral dis
orders. But various studies estimate
at least 3 percent to 5 percent of the
school population are emotionally
disturbed.
“This suggests that at best some
where between 10 and 30 percent of
children in need are identified,” the
report said.
Such youngsters, like all with sig
nificant handicaps, are entitled by
the 1975 federal Education All
Handicapped Children Act to spe
cial education.
But whether or not such children
get it seems to have as much to do
with available resources and local at
titudes toward difficult behavior as it
does with a student’s needs, the re
port concluded.
The 160-page study, to be re
leased this month, was written by
Jane Knitzer, Zina Steinberg and
Brahm Fleisch, researchers at Bank
Street College of Education in New
York.
“The report leaves me optimistic
simply because such a report finally
“X
I his is a very tough
group to educate, a high-
cost group. But the state of
practice is well, well behind
what the research tells us.”
— William Schipper,
executive director
exists,” said William Schipper, exec
utive director of the National Asso
ciation of State Directors of Special
Education.
“This is a very tough group to ed
ucate, a high-cost group. But the
state of practice is well, well behind
what the research tells us.”
The report was based on question
naires sent to state directors of spe
cial education and mental health of
ficials, visits to 26 programs in 13
states, a review of literature in the
field, and extensive interviews with
parents and special educators be
tween 1987 and 1989.
The visits revealed an overall
“bleakness” in school life for the
emotionally disabled: low academic
expectations, a stress on controlling
behavior, and inadequate access to
mental health services.
“Recognition that all is not well is
widespread, yet efforts to develop
more intensive and responsive ap
proaches are still spotty,” the report
said.
The report urged states to re-ex
amine policies that encourage re
strictive, costly placements of emo
tionally handicapped students. In
some states, for example, school dis
tricts are “off the hook” financially if
a student is referred to a state insti
tution.
On the bright side, the study cited
a number of schools and school dis
tricts trying to improve the lives of
behaviorally disabled children.
Golden Lake Elementary in Circle
Pine, Minn., for example, sends spe
cial educators into regular class
rooms, allowing youngsters to stay
with normal peers.
Central Park East School in New
York’s Harlem section and elemen
tary schools in New Haven, Conn.,
Benton Harbor, Mich., and Prince
George’s County, Md., have begun
broad-based reforms that help all
students, including behaviorally dis
ordered. Such schools tend to shy
from labeling youngsters as “hand
icapped.”
326 Jersey
696-DAVE
l P»yy*wOfksJ
On Friday, May 11th, at
6:00 p.m., the Grand Prize
drawing for the trip for 2
to Jamaica will be held "at
DoubleDave’s on Jersey
(“George Bush”). All
G.B.E. inductees who
finished their cards
between Jan. 1, 1989 -
Dec. 31, 1989
are eligible.
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GUADALAJARA
SUMMER SCHOOL
Thirty-Eighth year
July 2 - August 10,1990
Spend six weeks In beautiful
Guadalajara learning practical,
everyday Spanish In the University
of Arizona's Intensive program of
accredited undergraduate
and graduate courses.
Areas of study include:
Basic & Intensive Spanish,
Language & Literature, Mexican Art,
Music & Dance, Bilingual Education,
History, and Anthropology.
Trips to surrounding areas
and Mexico City.
Tuition: $540
Room & Board in
Mexican home: $560
For information, contact:
Guadalajara Summer School
Douglass Building, 315
The University of Arizona
Tucson, AZ 85721
(602) 621-7551
EEO/AA
Come Play
VOLLEYBALL
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Washington, TX
(409) 878-2216
BIG BILL?
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• All bills paid (except electricity)
• No city utility deposit
• Shuttle bus route ^—
• Volleyball Court
• Lighted Tennis Courts
• Hot tub
• 2 Pools
• Basketball Courts
“New Carpet-New Carpet”
Lease Today For Best Selection
Now pre-leasing for summer & fall
PUNTITION DIES
1501 Harvey Road, C.S.
Across from Post Oak Mall
It’s a 10-Keg Party!
Starting Today at 5 p.m.
After Finals
5-9:00
Wednesday Night
Nickel Nite
9 to 11-5C Bar drinks & Beer
CALL 268-BAJA
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