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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 25, 1996)
Studying in the USA Sure, it’s tough. That’s why every International Student needs this. " rtetn ^" a ' Student. VlandtoooK It’s free when you sign with AI&T Call 1 800 533-6198. NAFS A AT&T Call off the search for inadequate entertainment this Friday night. Haven’t you heard? Freudian Slip is back! Friday, Sept. 27 Rudder Theater @ 9 p.m. Tickets are on sale at the MSC Box Office. $4 in advance & $5 the night of the show F R &MPJ A N FROM Finals TO Finance. You’re not done blazing your trail. Not by a longshot. Being a success in school is just the first step. Beginning a successful career is your next. Starting with branch banking, for over 140 years, Wells Fargo has pioneered the way people hank. And now, in an age where banking by mail, ATM usage, and telephone hanking are common practices, we are looking towards the future with 24'hour cyber-banking, merging with the superhighway, and moving into the supermarket. So as you venture into the uncharted territories of the professional world, consider a company that shares the same innovative visions and pioneering values as you. Explore the new frontier of career opportunities at Wells Fargo. We will be on campus for the following: BA INFORMATION RECEPTION BA INTERVIEWS Tues., Oct. 1st Mon., Oct. 28th 6:30pm - 8:00pm 8:30am - 5:00pm J. Earl Rudder Conference Center, Room 401 • V Career Center • PERSONAL BANKING OFFICERS • BANKING CENTER MANAGERS • OPERATIONS ANALYSTS • RELATIONSHIP MANAGER DEVELOPMENT PROGRAM Stop by the Career Placement Center today to schedule an appointment with our Representatives. WELLS FARGO EOE, M/F/D/V Ilk X The Battalion W ATIniv X i xm. jl j. 11 PdC: Wednesday • September25,11 Fed opts to leave interest rates aloi WASHINGTON (AP) — The Federal Reserve, split over raising interest rates, opted Tuesday to do nothing six weeks before vot ers go to the polls. President Clin ton said the decision “shows we have got a strong economy with no inflation.” The central bank’s decision fol lowed nearly five hours of closed- door internal debate by the Fed eral Open Market Committee, the group of Fed board members and regional bank presidents who meet eight times a year to set in terest rates. In advance of Tuesday’s meet ing, the last before the Nov. 5 election, a number of economists had predicted the central bank would launch a pre-emptive strike against inflation by nudg ing interest rates higher. It would have been the first increase in Fed rates in 19 months. While some private econo mists worried that the central bank’s inaction threatened rising prices down the road, President Clinton welcomed the decision as a confirmation of his campaign claims about the U.S. economy. “It shows we have got a strong economy with no inflation. I am glad about that,” Clinton told re porters during a campaign stop in Freehold, N.J. GOP nominee Bob Dole com plained that interest rates under Bill Clinton are still “higher in Federal interest rates The Federal Reserve left interest rates unchanged Tuesday. The Fed conte federal funds and discount rates; banks may change the prime rate in re: oa Prime rate _ Federal funds Discount rate 10% 2C By l The 1990 1992 1994 every category.’’ His running mate, Jack Kemp, had pledged be fore lliesday’s meeting to "ban on the Fed” if raised rates. The reaction in financial mar kets was mixed. The stock market initially shot up by 50 points, but those gains were quickly whittled away by profit-taking. The Dow Jones industrial av erage ended the day down 20.71 at 5,874.03. But the bond market, always worried about the future course of inflation and interest rates, rallied with strong demand pushing the yield on the bench mark 30-year Treasury down to ’s going to b he 20th-ran iall Team break: tonight ag; Diversity o kite Coliset ■he Longho: < la No. 5 rar ■ the Lady A leci ng Texas to |UT] is a re; 6.99 percent. An unprecedented leaiMJggl iq oc i^j week showed that e *ght<ii l 0I1 ) ” a&M Fed s 12 regional banks«| ie SmedsrU( pushing for an increase in errors Bl es. rates. The Fed has repor,| chread to v asked the FBI for help mm|j c j (ed t() wi gating the source of theleal l by a | ea ^ u Some economists viewt , , , . irecent years, hawks at^the regional banks; | b0wn a 43 _ n T? " " ~ es. A&Mhas fluence the Fed’s debate. “Greenspan probably real! sented that leak and it may made him dig in hisheelsats any change in policy,” saidBa Steinberg, an economist at Me: Lynch in New York m UT has doi Border Patrol investigates refugee! Southwest C ifinals in 19S [ast year, th ;d all three n fon the first n |MM Head C solid servir [keys to the it I We have to s bnse can be < MIAMI (AP) — Border Patrol agents are investigating whether any of 33 Cubans who landed in three separate groups in southern Florida were assisted by refugee smuggling rings. Three women and five men washed up behind the Miami Beach Days Inn Hotel early Mon day in an 18-foot wooden boat. They were in good condition and were greeted by several family members, officials said. The eight said they left the coastal town of Villa Clara in Cuba on Saturday. But U.S. Bor der Patrol Assistant Chief Keith Roberts expressed doubts. “There was no water on board and the people had no sunburns, no dehydration and they walked around minutes after landing,” said Roberts, who added (hat they also had no maps. “We really don’t believe the story.” Roberts said the group told border patrol agents they had col- Atlantic Ocean 200 miles FLORIDA 200 km Gu/f of Mexico Q \ • Miami _ *Key Largo * Key West Havana n CUBA Caribbean Sea Guantanamo AP lectively purchased the boat for $1,200 and snuck out of the coastal village. The eight were be ing detained at the Krome Deten tion Center. People smuggling can be highly profitable. Lawyers and local officials say the going price for transit from Cuba ranges from $3,500 to $6,000 per per son. If 25 Cubans make the trip, its organizer can make $87,500, with the boat’s crewmakii about $25,000. On Monday afternoon more Cubans were caughi Key Largo. Roberts said one of the® had been awaiting ani tion hearing in the UnitedStais and is suspected of going badt Cuba to help his friends. And in a third incident. Cubans — 11 women, th|d dren and six men —weretaS into Key West Monday ateT- by a fishing vessel. Roberts said all were in gt condition, but details olthi journey were beinginvestigao 'T\mo years ago, the United St and Cuba agreed thatwot/M- Cuban refugees intercepted ontl high seas would be returned. I Jowever, once they make it land, they are usaakb uto 1 Krome or released to relatives, ter a year they may file a petit for residency. M Toxic waste dumped in Texas watei Continued pollution could harm environment and econod WASHINGTON (AP) — More than 28.8 million pounds of toxic chemicals were legally dumped by industrial facilities into Texas waterways over a five- year period, and nearly two-thirds of that went into the Houston Ship Channel, a new study says. The analysis of Environmental Protection Agency data reported by the industries themselves was re leased Tuesday by two environmental watchdog groups: the Environmental Working Group and Pub lic Interest Research Organization. The study covers 1990 through 1994. “As a result of this continuing pollution, thou sands of water bodies nationwide are damaged, as are the economies that depend on them, from tourism to fisheries,” said Environmental Work ing Group president Ken Cook. Cook also noted that the “vast majority” of the chemical releases were legal. The groups are recommending speedy imple mentation of EPA’s proposal to expand the nil her of facilities and industries required to rep toxic releases. They also are campaigning to have EPA incrs the number of toxic substances that mustberepf ed. The Toxic Release Inventory requires repoi of some 340 of the 73,000 chemicals used in merce, the study’s authors say. Some of the chemicals have been linked toe cer, others to reproductive or environmental pi ( 1 lems over time. Slightly more than 18 million pounds ofTf overall 28.8 million-pound discharge into! ways occurred in the Houston Ship Channel. The Brazos River was second, with 2,442- pounds; followed by the Neches River," 1,645,307; and Galveston Bay, with 918,161 The Neches River, however, received more can" genic chemicals than the other Texas waterways. DISCOVER YOUR WORLD © The MSC L.T. Jordan Institute Invites You to: Conduct independent research in the country of your choice! Live with a family in a new culture! Intern for 5 weeks in a field related to your major! Find out about the Fellows Program, and Internship and Livinf Abroad Programs in England, Germany, and the Dominican Republic! Sept. 25 7:00 Room 231 MSC Dct. 1 7:00 Room 302 Ruddec 4k Persons with disabilities please call 845-8770 to inform us of you special needs For more information, call 845-8770 http://ltjordan.tamu.edu. jordan@msc.tamu.edu ORA * Experii Compr * Workbi Interac * Certifit