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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 1, 1994)
Clyde M. Caperton, M.D. Dermatology Acne and diseases of the skin Office hours by appointment - Call 776-1318 M-TR 8:30-11:30 & 1:30-4:30 • Fri. 8:30-11:30 Participating Provider of PCA, Metropolitan Life, and Blue Cross-Blue Shield 2605 Osier, Bryan Texas A&M Flying Club New Membership Meeting Tues. Feb. 1st, 7:30 p.m. at Clubhouse Introductory Flights Available by Appointment For more information or directions to Clubhouse contact: Chad McNutt 696-0433 Kyler Trace Tucker 289-4440 Memorial Student Center L.T. Jordan Institute for International Awareness Fellows Presentation Sharon IMiethammer will discuss Continued Communist Influence in Eastern Europe and Russia and present her experience of Danish Culture while living abroad. Wednesday, February 2, 1994 8:30 p.m. in Rudder 407A&B Reception Following For more information, please contact the L.T. Jordan Institute Office at 845-8770. Persons with disabilities are requested to call 845-1515 to inform us of your special needs. *Award Banquets ^Fraternity/Sorority Formats ^Receptions * Graduation Parties ^Weddings *Off-premise Catering LET ALL YOUR PLANS BEGIN WITH PLAZA For Parties of 10 to 350 ‘set high above the city aiid in the lap of luxury” * Professional Party Planning ^Unobtrusive Attentive Service * Flexible Room Designs ^Guaranteed Quality * Wide Variety of *Convenient Location Menu Selections and Parking Denise Kellogg, Catering Director is your personal contact. 776-1775 Victoria Suite 600 Page 10 The Battalion Tuesday, February 1,1 Fed chairman expects interest rate increase The Associated Press WASHINGTON — Federal Re serve Chairman Alan Greenspan said Monday it's a matter of when the central bank raises short-term interest rates, and he warned that waiting until inflation worsens would only mean harsher rate in creases later. "Short-term interest rates are currently abnormally low," he told Congress' Joint Economic Committee. "At some point, ab sent an unexpected and pro longed weakening of economic activity, we will need to move them." He carefully avoided saying exactly when, but private econo mists widely expect an increase in the overnight rate for loans among banks anytime between next month and the end of spring. It would be the first increase in this federal-funds rate in five years, when the rate peaked at 9.75 percent, and the first change of any kind since September 1992 when the rate fell to a nearly 30- year low of 3 percent. A rise in the rate engineered by the Fed eventually could translate into increases in consumer rates on auto loans, adjustable-rate mortgages and bank deposits. Long-term rates are set in fi nancial markets and would not necessarily be affected by a Fed move. At the White House, President Clinton said "there's no evidence that inflation is coming back," but he sounded almost resigned to a modest increase in short-term rates. "What I hope is that it won't raise long-term rates because there is no need to do it. And I hope that the stock market won't take an adverse view because we've still got good strong growth in this economy," he said. The Democratic chairman and vice chairman of the joint commit tee — Rep. David Obey of Wis consin and Sen. Paul Sarbanes of Maryland — urged Greenspan to postpone any rate increase as long as possible "I think the economic ship is on course. I think steady as she goes is the lesson all of us should draw from the current situation," Sarbanes said. Greenspan acknowledged that many of the forces that restrained inflation to 2.7 percent in 1993, the second best showing in 29 years, will work to hold down prices this year. He noted "upward pressure on prices of a number of industrial materials" and warned it would be a mistake to delay raising rates until after inflation clearly had gotten worse. "By the time inflation pres sures are evident, many imbal ances that are costly to rectify have already developed and only harsh monetary therapy can re store the financial stability neces sary to sustain growth," he said. "This situation regrettably has arisen too often in the past." Greenspan depicted an econo my with enough vigor currently to withstand a modest rate hike. He said the 5.9 percent growth rate in the gross domestic prod uct, recorded in the fourth quar ter, wasn't likely to last. But, nei ther was the economy likely to lapse to a near standstill as it did a year ago, he said. "The economic fundamentals appear to be in place for further solid gains in the level of activity in the quarters ahead," he said. Economists who reviewed the central bank chairman's testimo ny said he is laying the political groundwork for a rate increase by offering an explanation in ad vance. The Fed's key policy-making panel, the Federal Open Market Committee, is scheduled to meet this Thursday and Friday to map its monetary strategy for the next six months. So ... can I have a job? Tuest Rnun Noliavilza/rho Bmvj Randall Gibson talks to Foley's representatives Monday during the Business Student Council Career Fair in Blocker. Thefairbe- gan Monday and will continue through Friday. Clinton gives go-ahead for Bosnian air strikes Itack, Ithrou Isuall The Associated Press WASHINGTON — The Clinton administra tion endorsed a report Monday by the U.N. secretary-general that gives the go-ahead for air strikes against Bosnian Serbs if they attack peacekeepers in two key towns. The administration continued to pursue an allied consensus as President Clinton met at the White House with German Chancellor Helmut Kohl. It could be part of a final con certed diplomatic effort to settle the bloody conflict in the former Yugoslav republic before military action by the NATO allies. Disagreeing with France's inclination to pressure the Muslim-led Bosnian government into accepting settlement terms, the adminis tration is sounding out Kohl, British Foreign Secretary Douglas Hurd and Greek Foreign Minister Karolos Papoulias this week in hopes of forging a joint approach. Greece currently holds the presidency of the European Union. In a letter Friday to the U.N. Security Coun cil, Secretary-General Boutros Boutros-Ghali said he had instructed top U.N. officials to move "actively" with plans to open the Tuzla airport for relief supplies and to relieve Cana dian units at Srebrenica with Dutch peace keepers. "We've endorsed that report," Secretary of State Warren Christopher said Monday. "That could lead to the use of air power if there's not an agreement." The Clinton administration has not shied away from threatening the Serbs. It also has not made good on Clinton's campaign pledge in 1992 to lift a ban on arms to Bosnian govern ment forces or to silence Serb artillery. Christopher said last week the administra tion was "quite prepared" to carry out NATO and U.N. military threats. He insisted the Unit ed States was not just "standing by." Boutros-Ghali said he would leave the final decision to use air power to defend peacekeep ers from Serb interference with his special rep resentative in the Balkans, Yasushi Akashi. "Pre-emptive or punitive" air bombardment would require a further decision by the North Atlantic Council, he said in a six-page letter. The report was delivered in response to a Jan. 11 NATO summit request that he draft contingency plans for bombing the SerbsftXave those two areas. Boutros-Ghali has beenfe(uc| one-Ji tant in the past to use force. His letter still V4 Ho as the first option that U.N. officials negotiaf tion , with the Serbs over Tuzla, in northeaste:|q n g' s Bosnia, and Srebrenica, in eastern Bosnia. wore "Those matters will play out over time, Christopher told reporters at a photo sessie ^ ^ with Foreign Minister Georgs Andrejevst o c Latvia, who is on a visit here. 0 The State Department said there vvasf. . until dence military units from Serbia and Croaii IJeff G were in Bosnia. Ideal "We know, for example, that individtii Iney's Croatian advisers, soldiers formerly belongfe as a to the Croatian army, have been operatingi |f ac t. Bosnia for some time," Michael McCurry,4 ! Q r State Department spokesman, said. f orw The U.S. official added: "That's differs| from suggesting, as some of these news»I ports do, that there is evidence of large-sca I formations moving inside Bosnia.'' I Kohl also addressed broader issues, say | there is a need for a transatlantic partner^ between the United States and Europe asW | as for a strong European defense policy. j C Southerland Continued from Page 1 sessed the overall experience and leadership skills for the job. "We are fortunate to be able to name someone of Dr. Souther land's experience, vision, dedica tion stature and working knowl edge of the University and its stu dent programs and traditions," he said. "Dr. Southerland has a great vision and exciting ideas for many new programs." Ron Sasse, chair of the vice pres ident for student services search committee and director of student affairs, said Southerland's appoint ment lets those trying to work up the System know that there is ad vancement at A&M. "From the division's point of view it's nice to have one of your own," he said. Sasse said Southerland has the stability A&M needs. "Southerland clearly has the work experience and knowledge of how A&M works," he said. "With all the changes going on at A&M right now this is really needed." Southerland, Class of '65, suc ceeds Koldus, who retired Aug. 31 after 20 years in the position. He served as associate vice pres ident since 1988 and has held 14 different positions on campus throughout his career. He received his bachelor's, mas ter's and doctorate degrees from A&M. The committee submitted its top three recommendations to Gage last month after a 10-month search. The appointment is expected to be officially confirmed by the A&M's Board of Regents at next week's special meeting. Corps Continued from Page 1 most serious category. More seri ous things than these occur." However, the cadet said a sec ond investigative board is deter mining the future of Squadron 13, which could be disbanded. "I feel there's been a break down in communication," he said. "I care about the Corps, and I can see that mistakes are made. But this happens in outfits all the time and is covered up. The Trigon is very concerned with image right now, and they're not doing their job in directing the Corps." Will Haraway, Corps Com mander and a senior political sci ence major, said he knew nothing of the incident, and he would not comment even if he did According to University Regt tions. Corps members are subject] disciplinary action under Art Four, Section Three of TheStf dard, a handbook that desert* A&M Corps policy and rules. Greg Chandler, public relatif officer for the Corps Staff, $ disciplinary actions vary grei : depending on the offense. Violations of the Aggie Code Honor are usually handled on individual case-by-case basis,J more serious cases involve hef 1 ings through the Commandant Office. "As cadets, we can't kick an body out," he said. "That is cided by the Commandant's fice. Once it leaves our bar sometimes we don't have a lot control over it." Chandler said he didn't kn* 1 any details about this partial!* incident. Opral Off Campus Aggies is having a general meeting! February 2 8:30pm 301 Rudder Wear your craziest socks for a groovy prize! For more info, call the OCA office at 845-0688 St to that "Bk sue I sor Sou alsc