6A
Wednesday, February 1, 1995
THE SEARCH IS ON FOR "Miss Black Kansas"
NATION/WORLD
Local Auditions
Date: Feb.4, 1995
Time: 3:00pm - 5:30pm
Location: Alderson Auditorium
Kansas Union
University of Kansas
Lawrence, Kansas
Deya Smith "Miss Black USA 1994"
For More Information
Contact
Gay'la Robinson at
864-3984/749-5422
or
1-800-546-2684
APPLICATIONS AVAILABLE IN THE BLACK STUDENT UNION 425 Kansas Union General Admission $3.00 and Free For Competitors
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CONSIDERING A CHIROPRACTIC CAREER?
CONSIDER LOGAN AS ITS FOUNDATION?
Logan College of Chiropractic is now accepting applications for our 1995 entering classes in January, May, and September.
UNIVERSITY DAILY KANSAN
Required at time of entry:
*Date of entry*
Specific degree or network from an accredited college or university
A personal interest in a career as a primary care physician.
Logan College offers:
A professional school of 800 students with an extremely low student/faculty ratio.
Obtainly low student-faculty ratio.
Preparation for a career as a doctor, licensed as a Primary Healthcare Provider in the United States and all Canadian provinces.
In five academic years, a combination of basic science and clinical science with clinical preparation, clinical performance, and chiropractic concents and practices.
Accreditation by the Council on Chiropractic Education and the Commission on Institutions of Higher Education of the North Central Association of Colleges and Schools
A beautiful campus in the suburbs of a major metropolitan area with a low cost of living.
For complete information, just request our portfolio by writing to us (in Canada): **800/537-8700**.
LOGAN
1851 Schoettler Road • Box 1065 • Chesterfield, MO 63006-1065
JOIN OUR SUPER TEAM OF RA'S!
The Department of Student Housing is now accepting applications for Resident Assistant positions for the 1995-96 academic year.
All application materials are due to the Department of Student Housing,
in Corbin Hall by 5:00 p.m., February 15, 1995.
For more information, contact
Jon Long at 864-4560 or Cody Hargreave at 864-4013.
The University of Kansas provides equal opportunity in an environment and prohibits discrimination based on race, religion, color, sex, age, handicap, and is based on law, gender and status. Equal opportunity is regarded as a fundamental aspect of our personal status and institutional policies.
U.S. commits $20 billion to Mexico
Clinton bypasses Congress as value of peso plummets
The Associated Press
WASHINGTON — Facing unyielding opposition in Congress, President Clinton scrapped a $40 billion rescue plan for Mexico yesterday and hurriedly assembled a substitute package combining U.S. money with international aid.
"We cannot risk further delay," Clinton said.
Racing against what the administration said was the imminent threat of financial default by Mexico, Clinton invoked presidential authority to commit $20 billion for loans and loan guarantees to the government of President Ernesto Zedillo.
"The situation was dire in Mexico," said Secretary of State Warren Christopher, commenting on Monday's plunge in the value of the peso. Treasury Secretary Robert Rubin said "the likelihood is very high" that the new aid will avert a financial catastrophe.
Mexican financial markets and the peso rallied yesterday after Clinton's announcement.
The end run around Congress was a gamble for Clinton, drawing on money that usually would be used to defend the value of the U.S. dollar. It also means he shoulders most of the political risk of supporting Mexico's nosediving peso rather than sharing it with Congress.
International lenders increased their aid pledges by $15 billion, to a total of $27.8 billion.
"This is in the interest of America, contrary to what some have said." Clinton asserted, answering criticism that his proposals amount to a bailout for U.S. banks and Wall Street investors with millions tied up in Mexican bonds.
House Speaker Newt Gingrich and Senate Majority Leader Bob Dole joined Democratic leaders in endorsing Clinton's move. "This is an important undertaking, and we believe that the risks of inaction vastly exceed any risks associated with this action," the leaders said in a joint statement released at the White House.
"He (Clinton) didn't have the votes on the loan guarantees," Dole said on
Capitol Hill. "He wouldn't have the votes next week. He wouldn't have the votes the week after that."
Clinton, traveling to Boston, called Zedillo from Air Force One. He urged the Mexican president to adopt a strong economic program, saying the quicker the action the less painful. He also urged Zedillo to cooperate closely on immigration, narcotics and law enforcement.
The new plan replaces a proposed $40 billion loan guarantee program that would have made the United States, in effect, a co-signer for Mexico's borrowing.
Unlike Clinton's earlier plan, the new version does not require congressional approval. The Treasury Department said repayment of any U.S. loans would be guaranteed by revenue from Mexican oil exports.
Rep. Steve Stockman, R-Texas, complained that Clinton "bypassed Congress and the American people. The American taxpayer is still on the hook if Mexico defaults."
And at the Senate Banking Committee, the chairman, Sen. Alfonse D'Amato, R-N.Y., said he thought people would find it a bit disquieting to have the loan guarantee package dropped.
But Dole spoke approvingly of the new approach.
"We reduced the risk," he said. "We have IMF involved; we have the Fed involved. There is a feeling now that the risk to the American taxpayer has been minimized."
Clinton changed his tack after an emergency White House meeting with Republican and Democratic leaders of Congress. They grimly told him it would be weeks — if ever — before Congress might approve a loan guarantee program.
GOP leaders had supported Clinton's politically unpopular bailout plan but were unable to successfully sell it. Some Republicans bitterly complained that Clinton failed to rally Democrats.
Clinton had argued that thousands of U.S. jobs and billions of dollars of U.S. exports depended on the stability of Mexico's economy. Further, he cited a risk that financial instability would spread though Latin America and that the problem of illegal immigration to the United States would worsen.
The latest version was the administration's fourth effort to help Mexico since the crisis started Dec. 20 with the collapse of the peso.
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