Page 4
The Battalion
Wednesday, July 3,1991
United States retains status
as largest investment debtor
WASHINGTON (AP) — The United States re
tained its unenvied position as the world's largest
international investment debtor in 1990 as direct
Japanese holdings in America soared 24 percent,
the government reported Tuesday.
The Commerce Department said that the in
crease in Japanese investments helped Japan so
lidify its hold as the foreign nation with the sec
ond largest total of direct investment in the
United States with $83.5 billion.
Britain retained its position as the largest holder
of direct assets in the United States, defined as at
least 10 percent ownership of a business, with
holdings of $108.06 billion. The 2.4 percent in
crease in British investment was just one-tenth
' the pace of Japan's gain.
; For the first time, the Commerce Department
; gave a choice on how to measure the country's
; "net debtor" position.
By two of the measurements, the overall net
debtor figure showed a slight improvement as the
gap between U.S. holdings and foreign holdings
narrowed a bit. By a third accounting method, the
deficit surged by 34.7 percent.
The department said that by the old method,
which valued the holdings by their purchase
price, the nation's net debtor position shrank by
3.4 percent to $617.9 billion, compared to a re
vised figure of $639.7 billion in 1989.
By a new method that values the asset holdings
by their replacement costs, the country's net
debtor position narrowed by 6.3 percent to
$439.66 billion.
A third measurement that values the holdings
by their stock-market prices showed a deteriora
tion of 34.7 percent to $360.60 billion.
The historical cost method, using the original
purchase price, has come under attack for over
stating America's indebtedness because many
U.S. overseas holdings were bought long ago
while the bulk of foreign assets in this country
was purchased in more recent years.
The Battalion
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You repair. Also tax delinquent
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Ext. H-1445 for repo list your area.
For Sale
SEIZED CARS, trucks, boats,
four wheelers, motor homes,
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Ext. C-1201.
Nerd House by Tom A. Madison
Uezbcrt gets ms daw dose of dietamfibee.
Grand jury reviews
alleged closed-door
Democratic meeting
Part-timo sarvlca station attendant wanted. Expert on cod
proforrad. not required. Apply at Vila Maria Chevron at
g9lh St & VHIa Maria Rd. Bryan, 776-1261 ■
NadOfMl Marketing Conrpany near hiring lor all positions in
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or foW-tlme openings. 693-2538.
Graduate student couple to manage 40 unit apartment
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LAW ENFOACMENT JOBS. »17.542 - J86,6a2/yr. Po
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Services
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Private Scholarships. You receive minimum
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services are available at
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call 846-2255
Professional Word Processing
Laser printing for Resumes,
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Typist available 7 days a week
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TYPING In MacMoeh computer. Laser writer prlnt-ouL
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1983 Plymouth Colt. Well maintained, exoeHent oondi-
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For Rent
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Rental Assistance Available
Call 846-8878 or 774-0773
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Equal Opportunity Housing/Handicapped Aocessfole
For $500 unfurnished. $1000 furnished, assumed loan on
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2/1 tour-pleK units available. Options Include: fenced
yard, fireplace, extra storage, minis, some with W/D.
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683-0551. 764-8051.
Announcements
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University
struggles
to improve
teaching
Continued from page 1
putting too much emphasis on
scientific research and losing
sight of their purpose, which is
teaching, he said.
"The council and the center
are both designed to put balance
in the missions of the Universi
ty," he said.
A strategic plan for improving
teaching quality is being put to
gether to get information from
faculty, students and former stu
dents.
"These are the people we ser
ve," Gresham said. "We're tak
ing a hard look at our programs,
and if the people we serve think
they're worthwhile we'll keep
them. If not, we'll adopt new
ones."
Gresham said he hopes stu
dents, faculty and anyone else
concerned about education will
become involved by offering
their suggestions for im
provement.
"Our first step is to listen to
what they say and then address
those concerns," he said.
Gresham said he believes
strongly in education and the
quality of teaching at A&M but
also believes more attention
needs to be devoted to im
provement.
"I appreciate the confidence
the provost's office has shown in
me," he added. "I want to re
ward that confidence."
Gresham encourages A&M
students to let him know of any
outstanding faculty members or
any faculty the student feels
needs to improve their teaching
skills.
"Without the students, we
wouldn't have a University," he
said. "We're not here to police
the faculty but to support and as
sist every member to become
better teachers."
PLflNT&TlON nans
693-1110
Mon. - Fri. 8-6 Sat. 10-6 Sun. 1-6
1501 Harvey Rd.
Across from Post Oak Mall
Health stores
pull natural
cigarettes
from shelves
DALLAS (AP) — A Texas
chain of health food stores
snuffed the sale of natural ciga
rettes after a panel of store man
agers decidea it wanted to avoid
the appearance of promoting
smoking.
Herb buyers for Whole Foods
Market in Dallas and Austin
stocked the American Spirit ciga
rettes three months ago because
the maker of the cigarettes said
they do not contain additives
found in other brands.
But stores were soon given a
July 1 deadline by a Whole Foods
quality standards task force, a
group of store managers, who
decided cigarettes sales would
damage the chain's image.
"We decided, whether organic
or not, cigarettes are still harmful
to the body," said Margaret Wit
tenberg, who led the group. "We
want to emphasize that we don't
advocate cigarette smoking in
our stores."
Whole Foods Market has three
stores in Austin, including its
central office, two stores in Dal
las and one in Houston. New
Orleans, Palo Alto and Berkeley,
Calif., each have one store.
The stores sell organically
grown produce and other foods
and try to keep a health-related
image.
"It was the task force's impres
sion that customers don't want
us to sell them," said David Mat-
this, a Dallas store manager.
Dallas herb buyer Allen Sch-
roeder said, "We had a variety of
feedback from 'thank you for of
fering an alternative' to T hate it,
tobacco is addictive, and we
trusted you.' "
Most of the complaints were
from non-smokers, Schroeder
said, but the number of positive
comments was greater.
"It's an emotional issue," Mat-
this said. "Either you're really
for it or really against it, nobody
is neutral."
V Rent starts as low
as $275 per month.
V Six floor plans available
V Some Bills Paid
V No City Utility Deposit
AUSTIN (AP) — A Calhoun
County grand jury will consider
a Republican group's complaint
that Democratic legislative lead
ers violated the state Open Meet
ings Act with a closed-door
meeting on Matagorda Island,
the district attorney said Tues
day.
Jack Whitlow, Calhoun
County district attorney, said the
grand jury would meet July 22 to
decide whether to investigate
the private budget talks held on
the island last week.
"If we get a (sworn) com
plaint, we'll investigate it and
apply the law to it and see what
happens," Whitlow, a Demo
crat, said in a telephone inter
view.
"I want to stay out of the polit
ical end of it," he said. "I'll pre
sent the legal questions to them
(grand jurors) and make a deci
sion whether to investigate."
Last Wednesday and Thurs
day, Gov. Ann Richards, Lt.
Gov. Bob Bullock, House
Speaker Gib Lewis, four other
top lawmakers and their aides
met privately on the secluded is
land off the coast northeast of
Corpus Christi.
The lawmakers, minus Rich
ards, constituted a quorum of
the Legislative Budget Board.
Attorney General Dan Morales
ruled the board is covered by the
Open Meetings Act.
Richards, who is not a mem
ber of the budget panel, de
fended the meeting and said she
was talking with the others as in
dividual lawmakers rather than
Budget Board members.
"These were committee chair
men gathering information
about proposals before the Leg
islature," said Bill Cryer, the
governor's press secretary.
"Maybe the Republicans are
used to (ex-Gov.) Bill Clements,
who didn't meet with anybody."
Richards, and spokesmen for
Bullock and Lewis, argue that
the session was exempt from the
Open Meetings Act because they
only received briefings from
aides.
Whitlow said he wanted the
Associated Republicans of
Texas, which is seeking the
probe, to file a sworn complaint
and to make an association rep
resentative available to talk to
the grand jury.
Spokesman Glenn Goulet said
the GOP group would do so.
Wednesday
TEXAS ENVIRONMENTAL ACTION COMMISSION: General membership meeting to discuss
plans for summer activities at 7 p.m. in 119A Zachary. Everyone welcome to at
tend. Cali Gary at 846-4713 or Helen at 693-9990 for more information.
ALCOHOLICS ANONYMOUS: General discussion. Cali COPE at 845-0280 for more informa
tion.
Thursday
PARKS & RECREATION, KTAM: AquaBlast — July 4th Celebration. Proceeds to go to the
Red Cross from 12 to 7 p.m. at the Bryan Aquatic Center behind Bryan H.S. Call
Charles Logan at 361-3650 for more information.
Items for What's Up should be submitted to The Battalion, 216 Reed McDonald, no
later than three business days before the desired run date. We publish the name
and phone number of the contact only if you ask us to do so. What's Up is a Battal
ion service that lists non-profit events and activities. Submissions are run on a first-
come, first-served basis. There is no guarantee an entry will run. If you have ques
tions, call the newsroom at 845-3316.
Budget may avoid tax hike
AUSTIN (AP) — Texas Republicans said Tuesday that lawmak
ers now are armed with enough money-saving ideas to head off
any tax increase when the Legislature convenes to write a budget
July 15.
If taxes are raised, they said, voters should sweep the Capitol
clean.
"If it doesn't (avoid a tax hike), I think the people of Texas need
to really scream," said Rep. Tom Craddick of Midland, who heads
the House Republican Caucus.
"If they have to pay a tax increase in this session of the Legis
lature — after all the budget cuts and proposals that have been laid
out — we need a total wipeout of everybody in Austin and need to
start over," Craddick said. "I guarantee you that."
Craddick and state GOP Chairman Fred Meyer praised Comp
troller John Sharp's recent audit, which proposed $4 billion in sav
ings and $1.2 billion in new revenue, mostly federal funds. Sharp
called for mergers of agencies, about 1,000 layoffs and higher fees
for some services.
Republican lawmakers also suggested a list of cuts that they es
timated would save $4.9 billion.
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