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
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