Wednesday, October 2, 1991
The Battalion
Page 5
^1 Economy
um J
ior ® leads some
s to graduate
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127
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tional f
847-
I center averages about 3,000 per
I semester, but he expects that to in-
I crease this year because of the
I economy.
In the face of hiring freezes in
I most industries, many students
I nationally are skipping the job
I search and applying to graduate
I schools. A&M's graduate school
I applications, however, do not re-
| fleet the national trend. Most of
I the increased numbers at A&M are
I in international and out-of-state
I applications.
"I wouldn't tie our numbers to
I the economy, but there's some evi-
I dence on the national level that
I graduate applications increase
I when the economy is bad," says
I Gary Engelgau, executive director
I of admissions and records. "It's
I just that we're not necessarily re-
I fleeting that at the moment."
Dr. Harvey Tucker, director of
I University Graduate Studies be-
I lieves the increased interest in
I graduate school is attributable not
I to the economy, but to A&M's
I growing prestige.
"Year after year the number of
I applications goes up," Tucker
I says. "I believe it is because of the
I number of programs, the quality
I of them and their perceived excel-
I lence."
Another sometime indicator of
I a poor economy is an increase in
I people seeking their teacher certi-
| fications, which is again happen-
J ing, Keck says.
Reynolds says the economy
I will improve because of its self-
I correcting mechanisms. Those
I same mechanisms that will bring
I the economy out of its slump,
I however, will likely drive down
I salaries.
"What will bring us out of this
is if wage increases moderate," he
says. "The price of labor is impor
tant. If business can keep labor
costs low and increase profits, it
will kickstart the economy. Lower
salaries or at least lower increases
turns out to be a good thing. It gets
people back to work."
Most economists believe the
economy will turn around by next
year, but it might be too late for
the Class of '91.
ite
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Gambling
returns to
Colorado
CENTRAL CITY, Colo. (AP) -
A little bit of the old West returned
to three historic Colorado mining
towns Tuesday as gun shots, the
slap of cards and the buzz of slot
machines marked the opening of
legalized gambling.
At 8 a.m., state Sen. Sally Hop
per pulled the handle of an an
tique one-arm bandit in Central
City in a joint ceremony with near
by Black Hawk. Nearly 100 miles
to the south in Cripple Creek, near
Pikes Peak, replicas of Wild Bill
Hickok's six-shooters were fired in
the air to signal the new era.
More than 1,000 people waited
for the grand opening of 13 casinos
in the towns, which hope gam
bling will revive their moribund
economies.
"It's really ironic. A hundred
years ago gold was discovered.
Now we have our second gold
rush," said Ray Drake, a Cripple
Creek historian and municipal
judge.
"I've watched it go downhill,
downhill, and I got a little dis
turbed by it. But, by God, Cripple
Creek has come back," said Mayor
Henry Hack.
"We've had mighty tough
times," said Central City Mayor
Rand Anderson. "The cost of gov
ernment has been exceeding our
ability to pay. Historic preserva
tion is our most important mis
sion."
Gambling casinos opened last
year in Deadwood, S.D., taking ad
vantage of the gold rush-era am
biance of the town where Hickok
was killed during a poker game.
The venture has been a money
maker for casino owners, the town
and the state.
Iowa, Illinois, Mississippi and
Louisiana have legalized riverboat
gambling on the Mississippi River.
Iowa already has launched five
riverboats.
Colorado voters last November
overwhelmingly approved a con
stitutional amendment allowing
limited-stakes gambling in the
three historic mining towns. Gam
bling is limited to slot machines,
blackjack and poker, and there is a
$5 ceiling on bets.
Nerd House
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