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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 3, 1998)
DUCATION a n ii RESEARCH COMMUNITY ^ -k -k -k -k —Morningstar ratings for the CREF Global Equities Account, CREF Equity Index Account, and CREF Growth Account* roaches moving loti nph. Humcr 90 miles eas: :al storm vc ) the Tampa Grand Isle, La 's not going: inch atapofcs lop up on said Florida|| aig Fugate, fell across re southern edge irgia dunng tonn drew is. several hour luphin Islanc 85, Hurricaril orida, thenre- nmed intolL e Panhandle . om Humci " e region’s fe. s. Erin clar- AAA -S&P and Moody’s rating for TIAA** “...America’s Top Pension Fund.” -Money Magazine, January 1998 -William Ravdin, TIAA-CREF Participant HIGH MARKS FROM MORNINGSTAR, S&P, MOODY’S, MONEY MAGAZINE AND BILL. W e take a lot ot pride in ginning high marks from the major rating services. But the fact is, we re equally proud ot the ratings we get every day trom our participants. Because at TIAA-CREF, ensuring the financial futures ot the education and research community is something that goes beyond stars and numbers. We became the world's largest retirement orga nization’ by offering people a wide range ot sound ihvestments, a commitment to superior service, and Ensuring the future for those who shape it. M.irnin, .i n I, c , July 31, 1W8. Morningstar is an independent service that rates mutual funds and variable annuities. The top 10% of funds in an investment catcgo Monnnp.star proprietary ratings reflect historical risk adjusted performance and are subject to change every month. They are calculated from the account's three y<) da' Treasury bill returns with appropriate fee adjustments, and a risk factor that reflects performance below 90-day T bill returns. The overall star ratings rt liiihftic weighted averages of its three-, five , and ten-year ratings for periods ending July 31, 1998 The separate (unpublished) ratings for each of the periods are: operating expenses that are among the lowest in the insurance and mutual fund industries.*** With TIAA-CREF, you'll get the right choices — and the dedication—to helpyou achieve a lifetime of financial goals. The leading experts agree. So does Bill. Find out how TIAA-CREF can helpyou build a comfortable, financially secure tomorrow. Visit our Web site at www.tiaa-cref.org or call us at 1 800 842-2776. and tin- next 22.5% receive r average animal returns in : Morningstar’s published C'KKf Stock Account K Star Rating/ IftntlRT of Domestic Equity ■ Accounts Rated 4/2,120 4/1,363 4/674 CREF Global Equities Account Star Rating/ Number of International Equity Accounts Rated 4/459 5/235 N/A CREF Equity Index Account Star Rating/ Number of Domestic Equity Accounts Rated 5/2,120 N/A N/A CREF Growth Account Star Rating/ Number of Domestic Equity Accounts Rated 5/2,120 N/A N/A CREF Bond Market Account .Star Rating/ Number of Fixed-Income Accounts Rated 4/719 4/487 N/A CREF Social Choice Account Star Rating 7 Number of Domestic Equity Accounts Rated 4/2,120 4/1,363 N/A jrish but haw irist provide; esc top r.ffings arc based on TIAA’s exceptional financial strength, claims-paying ability and overall operating performance. ’Based on assets under managem l-ippcr K\nalytical Services, Inc., Upper-Director's Analytical Data, 1998 (Quarterly). CRKT certificates and interests in the TIAA Real Estate A .ition.il S<ir\ ki s For more complete information, including charges and expenses, call 1 800 842-2733, extension 5509, for the CREF and TIAA Real Ks ivest or fend money. "Standard & Poor's Insurance Ratin/j Analysis, nt arc distributed by TIAA-CREF Individual and Account prospectuses. Read them carefully before The Battalion State Page 9 • Thursday, September 3, 1998 Sharp proposes tax exemption Candidate pushes for limited moratorium on clothes, school supplies EL PASO, Texas (AP) — Lieu tenant governor candidate John Sharp proposed a limited state sales tax moratorium Wednesday designed to give some of Texas’ projected $3.7 billion budget sur plus back to taxpayers. The proposal, which would go to the Legislature in January if Sharp wins in November, calls for all cloth ing under $50 and school supplies to be exempted from the state’s 6.25 percent sales tax for two weeks be ginning Aug. 15, 1999. Texans would save an estimated $80.3 million as a result — more if Texas cities agree to waive their 2 percent sales tax for the same peri od, said Sharp, a Democrat and the state’s comptroller. “This is the way that you can get it (the surplus) back to the average families who created the surplus, by paying taxes to begin with,” Sharp said while attending several events in El Paso. The exemption accounts for only about 2 percent of the total surplus, the bulk of which Sharp said he wants to go toward school funding, including teacher pay raises. A spokesperson for Sharp’s Re publican opponent, state Agriculture Commissioner Rick Perry, said Per ry will support a larger package of consumer tax cuts Gov. George W. Bush plans to announce Thursday. “Those tax cuts will be about five times larger than those dis cussed today and make life more affordable for Texas families,” said “This is a way that you can get it (the surplus) back to the families who created the surplus by paying taxes to begin with” — John Sharp Candidate for lieutenant governor of Texas spokesperson Ray Sullivan. Perry’s own proposals for using the surplus include cutting taxes on small and start-up businesses, state- funded pay raises for specially- trained reading teachers and funding of after-school centers where volun teer groups and others offer mentor and athletic programs. Sharp said his proposal would be one of the few direct ways to re turn money to working families. He said the suggested late sum mer period would coincide with the time when most families are buying back-to-school clothes and school supplies. An added benefit of the plan, he said, is the surge of business it would create for Texas retailers, particular ly in border cities where the mora torium is expected to attract buyers from other states and Mexico. Business owners already look forward to the plan, said Mickey Moore, president of the Texas Re tailers Association. “I’ve discussed it with a small number of our members and it’s been very enthusiastically re ceived,” said Moore. Retailers say they want detailed definitions of exemptions to elimi nate confusion and hope Texas cities also offer the exemption, he said. Moore noted similar plans have succeeded in Florida and New York. “We think it would greatly stim ulate sales during that period,’’ he said. “The experience in New York has shown that.’’ Also Wednesday, Perry picked up the endorsement of the Texas chapter of the National Federation of Independent Business. Poll: Republicans lead most races AUSTIN (AP) — A new Texas Poll shows Republi cans leading in all but one of the ma jor statewide races. But while the poll said that Re publican Gov. George W. Bush enjoyed a 67 per cent to 20 percent bush lead over Democ rat Garry Mauro, survey results published today showed no other Republican in a nonjudicial statewide with the backing of more than 38 percent of the re spondents. The only front-running Democ rat is attorney general candidate Jim Mattox, who was attorney gen eral from 1983 to 1990, according to the poll. The survey found Mattox leading Republican John Cornyn, a former state Supreme Court justice, 48 per cent to 29 percent, a healthy increase over the nine-point edge Mattox en joyed in a June Texas Poll. Mattox and Cornyn are vying to replace Democrat Dan Morales, who is not seeking re-election. The Scripps Howard Texas Poll was conducted by the Office of Survey Research at the University of Texas from Aug. 12 through Aug. 27. Poll results reflect answers from 718 respondents who identi fied themselves as likely voters. The margin of error is 3.7 per centage points. might (Wee c >e Crouse 5S 1 S tcven OberhetW odern & Classic*^ lephen L. Hand pthalmology/QplW jdlth M. Ball alhobiology 3yce Davis athology 4 Lab Mat:' idlth M. Collins sychology ihn A. McIntyre nysics nrlan Scully lyslcs strlcla Griffin 3lltical Science ort Kothmann angeland EcologyS^'^ ary W. Maler sal Estate Center >uls Hodges screation & Parks trson E. Watt screation & Parks aurlce Dennis itety Education chael Greenwald teech Comm & Theatii ; artin Medhurst leech Comm S Theatre* ck Rigsby leech Comm S Theatre 1 >ger Schulti leech Comm S Theatre’ rnrlk Schmledlche atistics Miles Marks th Man Foundation in Green terinary Medicine ren Skow terinary Medicine chael Willard terinary Medicine hn W Huff terinary Microbiology te Bauer terinary Pathobiology ivis Small terinary Pathobiology mes E. Womack lerinary Pathology Ties G. Anderson rerinary Physiology rry D. Claborn rerinary Physiology i Jensen rerinary Physiology i. McCrady erinary Physiology 1 •'VC*** ^ (x+2) (%-. Statistics vKV Um put Ti**^ 1 i tli e 0^2, Plug jjfodxk®' 1 )nly the TI-92 offers iowerful functionality vith features such as dropdown menus, split screen mode, symbolic manipulation vith pretty print, 3D graphing, and text editor. expano 4: zeros': I 5: approx f. 61 cot'iDenot'i < ?:propFrac < 8:niolveC 9:Trig ► ft: Comp lex * BtExtract > Adding the TI-92 Plus Module takes all that capability to a whole new level. 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