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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Dec. 12, 1990)
, December 12, 1990 The Battalion Page 7 •er 12,1s Itate may have Tubuiarman 1.2 billion by Boomer Cardinale in excess ge Chrislrrj AUSTIN (AP) — The state could 846-6687 have $1.2 billion more than pre- licted this budget cycle, allowing aders to avoid a “mirrors and blue oke” financial maneuver and vet part of a welfare deficit, a key pal Chnslir&wmaker said Tuesday, all N.Raff!; “\y e are projected to have that oney, and I think we will have that oney,” said state Rep. James Hury, ays and Mean Committee chair- an. Comptroller’s office spokesman John Bender would only say that the " venue estimate for the next bien- ium will include an update on the rrent two-year budget cycle, which ds Aug. 31. The Legislative Budget Board has en working on figures for law- akers, said director Jim Oliver. “We’re certainly better off than |e thought we were going to be” iyhen the 1990-91 budget was writ ten last year, Oliver said. F However, he cautioned that the I comptroller’s estimate is what legis- Ktors must use. “It certainly isn’t of- Bcial yet ... What our numbers look 1 Ike in-house, informally, don’t Itv i t)unt> ” V 1 A one-day transfer from special funds to the general revenue fund, Jp avoid a deficit at the end of this fiscal year, was estimated to be about $1 billion when authorized by the pst Legislature, Oliver said. Since then, revenues have come in Bryan/College Station, ^ ^ Prepare for His Coming at the following Christmas Services. /A Place: Beautiful Savlon Lutheran Church A 1007 Krenek / College Station mk (Across from Central Park) Doesmber 5-"Andrew and Advent" (Weds, service) 7:30 12-"Mary, the Mother of Our Lord" (Weds.) 7:30 pm 19-"Caesar Augustus' Decree" (Weds.) 7:30 p.m. 24- Christmas Eve Service (7 p.m.) 25- Christmas Day Worship (10 a.m.) Sponsored by A&M Lutheran Collegians e Food Ba'i ‘sh. Call to' McDonald,, Ush the Mffj 9p is a fia& run or ’case — An aett! sath ofaB. officer sp how to tail s. jury Tuest on >U£h. He apital mui f Jerry Sit 'through, p has testis ahead of the forecast, largely from oil and gas and the sales tax, Oliver id. If budget board estimates hold Up, he said, the transfer could be gvoided and “we might even have a couple of hundred million in the bal- mce.” Besides averting the bookkeeping about f; trans f er > Hury, D-Galveston, said he would like to use the extra money to apital muni i^ake up about half of an anticipated >fJerry Sh |380 million shortfall in the welfare budget this fiscal year. former Fi mt and heriff. Mitj lice testifv •s, said he e rest slot The rest of the shortfall could be ade up through short-term bor- owing, by the use of cash manage- ent notes, he said. “These aren’t all hard numbers,” omeoneicl^ ur y sa *d. ^ ut he added, “I’m pray- e months o identify 2 Is, testkl Morales says he may appeal sodomy ruling AUSTIN (AP) — Attorney Gen eral-elect Dan Morales said he’ll de cide after he takes office whether to appeal a state judge’s ruling that Texas’ law against homosexual so domy is unconstitutional. “I am going to need to wait until I have an opportunity to assume of fice and review the documentation and review the specific case,” Mo rales said Tuesday. He said he expected to make a de cision on that and other pending lawsuits soon after taking office. Gay men and women from Aus tin, Houston and Dallas challenged the 1879 law before District Judge Paul Davis of Austin, who made his ruling Monday. The law makes it a Class C misde meanor, punishable by a $200 fine, for consenting adults of the same gender to have “deviant sexual inter course.” The plaintiffs asserted that the law violates Texas constitutional guarantees of privacy, equal protec tion and due process, as well as the state Equal Rights Amendment. Davis’ ruling drew a protest Tues day from a small group led by Mark Weaver, head of the American Fam ily Association of Texas. Weaver and three other demon strators displayed a banner reading “Gay is not OK” at a downtown over pass on Interstate 35. Nerd House by Tom A. Madison Attention All Members of the: International Business Association •resumes are now being assembled for the Career Fair notebook ‘all interested parties should have their personal resume completed and turned in to the Correspondence Mail box (CIBS office, room 505 Blocker) no later than January 19. 1991 ‘sample resumes can be viewed on the I.B.A. board in blocker *any questions can be referred to an I.B.A. officer Scratch always w/a/s the snowball fight. vena TORTILLA FACTORY Crime lord Gotti arrested Pair hopes to make oil investments safe • import ■ Wednesday Dec.12 I 990 Wise Coi a massive park thai bout 400 ency chai >ted were NEW YORK (AP) ^John Gotti, ho is reputed to one cjf the nation’s inost powerful crime bosses, was ar- ested Tuesday night at a social club fin Manhattan, the FBI said. Gotti was arrested by FBI agents (ual. Var and New York police officers at the ted invesE Ravenite Club at 7 p.m. in the Little untyroads Italy neighborhood, said FBI spokesman Joseph Valiquette. I no react The charges against the reputed :ad. Butjti; boss are sealed, Valiquette said, tint's para I A police spokesman, Officer Scott I, sister oft Bloch, said details about the arrest nson Com would be revealed at a news confer- ix. f ence likely to be held Wednesday. jerry Ski No other details were immediately that it tur available. peetthede, Gotti’s attorney, Bruce Cutler, did my sonta not immediately return a call left on malty in c his answering service. Gotti has been under investigation in the shooting death of Paul Castel lano, reputed leader of the Gambino crime family, since the Dec. 16, 1985, slaying outside a Manhattan steakhouse. Gotti was found innocent in Feb ruary of state charges related to the shooting of a union official. It was the third time that he had been ac quitted in recent years of major state or federal charges. According to published reports, the FBI has gathered tape-recorded evidence against Gotti that could bring him up against federal pros ecutors in New York for the 1985 slaying. Jules Bonalovonta, in charge of the FBI’s organized crime office in New York, recently described Gotti as “the No. 1 target of law enforce ment” and added, “It’s just a matter of time. He’s going to go.” iadei Drugs Continued from page 1 ices rges applied research. Three areas will be targeted — identification, interdiction and alle viation. TEES officials said Thursday the new institute is already in the early stages of working with several large telecommunications companies, de fense contractors and smaller indus tries to use engineering technology in counter-drug efforts. Barton said he was making the an nouncement on behalf of his Texas The for: ug Enii” is plow it ving til,: d aendf' suffers ikenlefT who ^ 20-year so it it s colleagues in Congress, and he praised the efforts of congressmen who “believed in it and made it hap- pen.” The grant funds come from the General Services Administration. Hickman said emphasizing or tak ing away some of the recommenda tions weakens the whole report. “The president will determine how they should be implemented,” he said. “We just say they should be implemented.” ‘ii: fonday. f A&M at Galveston. isations tk to Rupft struck ft along f n Judge cing hean- Feb. 7 Rep. Delco has represented Tra vis County in the Texas State Legis- *1 lature since her election n 1974, when she was the first black official elected from District 50. She is chairwoman of the House Higher Education Committee and also serves as a member of the Sci- ig that Ti ect result ite law. Ity to a D iomeont it 30 dau P £ of the oil business that bothers Bobby Ewing. “It’s a funny thing about gold and diamonds and oil — people have been investing in them for years, and people have been getting burned for years,” he said. “In the promoted oil business, (hyped as in vestment opportunities to unsophis ticated investors) it’s probably one in 1,000 that get their money back. I cannot comprehend how you can call somebody on the phone and send them a few pieces of paper and get them to send thousands of dol lars to put in a hole in the ground 2,000 miles away.” In February, Ewing, of Dallas, tea med with Ron Herzfeld, an indepen dent geologist, to form Corporate Energy Consultants. Ewing wants CEC to become the “Ghostbusters” of the oil patch — the company in vestors call when the need help eval uating a deal or getting themselves out of a scam. “People have been tricked into giving money to things that have never been done or that have been overplayed,” said Herzfeld, for merly the president of Independex, a Dallas energy consulting firm. “We hope to get to the point where peo ple will know whom to call. There’s not a lot of places people can go.” State and federal securities offi cials say promoted oil deals have in creased sharply since the first of the year, encouraged by higher oil E rices and increased horizontal dril- ng activity in South Texas. The deals typically are touted through the telephone solicitations from phone banks known as boiler rooms. Boiler-room operators “cold call” potential investors and ask them to buy into deals. Often, the in vestor commits his funds before he’s even seen the prospectus, which is supposed to outline the risks in volved. According to securities officials, promoters have been known to use investors’ money for personal pur poses and typically keep few or no records, making it difficult for inves tors to get their money back. Esti mates of investors’ losses are almost impossible to assess. However, at the height of the oil boom, some officials believe the losses nationally may have reached billions of dollars a year. Herzfeld describes many of the potential investors targeted by boiler rooms as intelligent business people who just don’t understand oil deals. Ewing said CEC draws on his experi ence in the oil business and Herz- feld’s technical expertise to help in vestors spot inaccurate claims and verify a promoter’s background. So far, he said, recommendations have been mixed, with a number of “don’ts” and a few “do’s.” Ewing recommends that anyone wanting to put money into an oil venture have an annual income of at least $200,000 and a $1 million net worth. While Ewing admits name recog nition from the fictional Bobby Ew ing of “Dallas,” may help his busi ness, he said the similarities between the two stop with the name. “I don’t have the money or the looks, either one,” he said. i BEER Thursday Dec. 13 750 Breafast Tacos! Friday Dec. 14 750 Breakfast i Tacos! i ■ >—J We Buy Books Everyday at Texas A&M Bookstore Bob Mof ence and Technology Committee. Dr. Jordan, who now resides in Austin, has been on leave from his duties as professor of musicology at Penn State since Sept. 1. Prior to being named that univer sity’s president, a position he held from July 1983 to August 1990, Jor- lalingW dan was associated with the Univer sity of Texas System for 18 years. at a cop of the ^ ed in I after • ;he bad 3. A brea ; id taken' .14 petf r e the ion. I as evide 1 ' :, Hambij cication s' :ident sd alcohol He served as president of UT- Dallas from 1971 until 1981 and held a number of positions, includ ing interim president, at UT-Austin. Ambassador Shelton-Colby is a consultant to International Banks and Investors, former deputy assis tant secretary for Mexico and for mer Ambassador to Grenada, Bar bados and eight other Caribbean nations. Shelton-Colby is a member of the board of A&M’s Center for Interna tional Business Studies, an adjunct professor of Latin American Studies at Georgetown University and co-ed itor of “Global Assessments,” a busi ness-oriented journal of interna tional affairs. 1600 S. Texas AveJ Faculty Senate Continued from page 1 asked. “Why not ask for more? We probably won’t get it anyway. Why not get turned down for big bucks?” Irene Hoadley, director of Evans library, said the $2 million increase is not enough. She recommended the library’s $8 million budget be doubled. “If funding becomes available, we will move to implement these recom mendations,” she said. Dr. Jim Price introduced a motion to create a committee to develop spe cific plans of action for some of the proposals. The Senate, after a discussion about “prioritizing” certain resolu tions, voted against the motion. Hickman said emphasizing or tak ing away some of the recommenda tions weakens the whole report. “The president will determine how they should be implemented,” he said. “We just say they should be implemented.” Congratulations to the 1990 graduates! 10% off all sparkling wines except Cooks and Chase Limogere Coors Light Party Ball includes 10-Ib. bag of ice $15.99 tap $8.99 50 cups $2.00 Coors Light 12 oz.124 pak ^jL01 $9.99 We accept cash, checks, or debit cards 693-2627 specials good thru Sat., Dec. 15 GETS YOU A SLICE OF FLYING TOMATO PIZZA! After you've hit the books, head for Flying Tomato. Order a pepperoni slice and pay only 99$. Sunday thru Thursday 10p.m. til'midnight. 303 W. UNIVERSITY AVE. • 846-1616