NATION AND WORLD
University Daily Kansan, February 29, 1984
Page 10
Volcker issues warning about stable money rates
By United Press International
WASHINGTON — Federal Reserve Board Chairman Paul Volcker gave the nation's governors a grim warning yesterday, saying foreign cash now helping to stabilize interest rates could disappear in a year.
Volker spoke to governors attending the winter meeting of the National Governors' Association, and reinforced his message that he would take reasonable damage from huge federal deficits.
Shortly after Volcker's appearance, the governors adopted a resolution urging spending cuts and higher taxes on oil. This "complete elimination of the deficit."
Volcker's remarks yesterday were even more pointed than his testimony earlier this month on Capitol Hill. For example, Mr. Volcker of all of a credit crisis in as soon as a year.
"We're now hostage to foreign savings," Volcker said. "I don't know whether you define that as a crisis way or anyway but it easily could become one."
Volcker said the gap between federal
revenues and spending now was being filled by a huge inflow of cash from abroad, attracted by high interest rates and the haven of a secure economy.
But that source of cash could dry up, he said.
Printing additional money to fill the gap is no longer a reasonable alternative, he said, since that would feed more consumers andaken the entire economic structure.
"A $100 billion program this year I don't think is adequate," Volcker said, but he added that it would be better than no start at all.
Volcker repeated his call for a $50 billion-a-year cut in the deficit starting in 1985, a total of at least $150 billion over the years with even bigger deficits after 2003.
He said that White House and congressional negotiators, discussing only a $100 billion "down payment" over three years, were shooting too low.
11 spending cuts were not enough to shrink the deficit then tax increases would be necessary, even though taxes already are close to a historically high percentage of the gross national product, 19 percent, he said.
Foreign affairs official tells USIA to preserve 'blacklist'
By United Press International
WASHINGTON — The chairman of a House Foreign Affairs subcommittee sent a telegram yesterday to U.S. Information Agency Director Charles Wick demanding that no more document be filed against the agency's "blacklist" be destroyed.
The USIA admitted that some of its top officials kept a list of people deemed unsuitable for the agency's overseas speaking program. The agency also has acknowledged that after a reporter asked about the list, he destroyed written explanations of why certain people were rejected.
The list contained 84 names of people
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who the agency did not want to sponsor as speakers overseas. Those on the list included newsman Walter Cronkite, consumer activist Ralph Nader, Sen. Gary Hart of Colorado and Coretta Scott King.
Rep. Dan Mica, D-Fla., chairman of the International Operations subcommittee of the House Foreign Affairs Committee, said in a telegram to Wick that he had directed the subcommittee staff to investigate allegations that relevant documents had been destroyed.
6" MINI 12" MAXI
THE GRINDER $1.65 $3.00
HERO .1.75
PEPPERED BEEF .2.00 3.00
ITALIAN MEATBALL .1.75 3.40
ITALIAN SAUAGE .1.75 3.35
COMBINATION MEATBALL AND SAUAGE .1.75
PIPPERON & ITALIAN CHEESE .1.60 2.90
ITALIAN STYLE HAM .1.85 3.55
GENOA .1.95 3.75
VEGETARIAN .1.50 2.70
AMERICAN HAM .1.85 3.55
6" 12"
MINI MANI
HAM ON RYE. 1.85 3.55
ROAST BEEF. 2.00 3.00
TURKEY 1.85 3.55
CLUB 1.95 3.65
PASTRAMI. 1.85 3.55
REUBEN. 2.10 3.99
CANADIAN BACON. 2.00 3.85
Three Foot Long 29.95
ALL YOU CAN EAT
THE PARTY ... Six Feet Long 54.95
HOT DOG ... .89
KRAUT DOG ... .99
SALAD BAR ... 2.39
DOG SALE IN PROGRESS All items subject to prior sale
KODAK 35MM FILM
New VR Color Print 12 Exp.
Hundreds of Unlisted Bargains
Choice of 200 or 400 ASA Reg. to $2.99
5 FOR $10
ASA 1000
Reg. $2.99
4 FOR **10**
CAMERA BAGS
Large group of salesman samples, vinyl, nylon, aluminum. Soft and hard cases in variety of colors, sizes and thicknesses. Qty. $14.95 to $99.95
Otrale, Qty. $14.95 to $99.95
LENSES FOR CANON
IF NEW RETAIL SALE
24mm I2 Vinter 264.95 99.99
24mm I2 B.Pro 199.95 79.99
24mm I2 B.Pro 169.50 79.99
28mm I2 E. Canon 205.00 79.99
28mm I2 E. Canon 413.00 269.99
35mm I2 Zeissner 129.95 30.99
85mm I8 Canon 129.95 287.00
135mm I3.5 Canon 185.90 169.90
135mm I3.5 Canon 169.90 69.90
200mm I4 Canon 277.25 129.99
300mm I4 Canon 513.00 369.99
300mm I4 Canon 580.00 369.99
28-80mm I3.5 Pro 399.50 119.99
35-70mm I4 Canon 324.00 119.99
35-135mm I4 Varistor 449.95 119.99
35-135mm I4 Varistor 439.95 259.99
70-120mm I4.5 Canon 324.00 109.99
70-120mm I4.5 Visitor Series I 369.90 199.99
70-120mm I4.5 Canon 369.90 199.99
75-150mm I4.5 Makinon 199.95 59.99
75-120mm I4.5 Pro 299.95 199.99
75-120mm I4.5 Pro 299.95 109.99
80-200mm I4.5 Pro (1.5) 299.95 169.9*
100-300mm I5.6 Hoya 439.50 169.9*
35MM FILM
2004R S BW 36 Exp.
10 for $10 ($1.29 each)
Many of the Lenses listed above are also available in other popular mounts.
200ASA B&W 36 exp
10 for $40 ('$4.99 each)
200 ASA slide E-6 36 exp.
ZOOM LENS
$59^{99}
Now you can have zoom and 1:4 Macro for less than the price of a non-zoom telephoto. This is a lightweight and compact zoom that is perfect for vacation or carrying everywhere on the camera.
Fits Canon, Ricoh Pentax, Olympus
75-150mm Makinon
KODAK AUDIOVIEWER Model 450
Record and play back, factory demo unit, full new warranty from factory. New Retail $600.00
SALE
dedicated for Pentax & Canon
$69^{99}
dedicated for
HITACON TWIN BOUNCE
Versatile twin flash provides fill for bounce for attractive portrait lighting. Built-in slave lets you use this unit remotely and fire it with another flash. Dedicated function sets shutter to flash on Canon and Pentax cameras.
Pentax & Canon
Buy the popular automatic Canon AE-1 camera with the lens of your choice at this body only price. A handy vacation lens is a 35-70mm or 28-80mm zoom, instead of a normal. For tele fans, add the 75-150mm or 80-205mm lenses at low sale prices.
$15999
BODY ONLY
CANON AE-1
Includes Canon U.S.A, Inc. One-year limited warranty / registration card
DARKROOM
| METAL | RETAIL | SALE |
| :--- | :--- | ---: |
| Coast Sx7 Satelite | 19.99 | 15.99 |
| Big Bulb Satelite | 17.95 | 14.99 |
| Philips Color Analyzer | 19.00 | 119.99 |
| Baxi 30m Camelesette | 37.50 | 14.99 |
| Patterson Metering Tank | 22.00 | 13.99 |
| Patterson 35 Tank | 17.00 | 11.99 |
| Patterson Universal Tank | 17.95 | 14.99 |
| Dunst Tank w 4 reeks | 22.99 | 14.99 |
| Valeo Tank w 4 reeks | 22.99 | 14.99 |
| Dahee 502 Thermometer | 36.95 | 14.99 |
| RPS Dial Thermometer | 9.99 | 14.99 |
| Omegae CF20 Thermometer | 69.99 | 49.99 |
| Patterson Mercury Thermometer | 17.50 | 11.99 |
| Kustom 1x1x4 Paper Sale | 28.96 | 14.99 |
| Kustom 1x1x4 Paper Sale | 16.99 | 14.99 |
| Talon Print Dryer | 29.95 | 14.99 |
| Unitran Mask I | 9.99 | 2.49 |
| Durst RC Dryer | 69.95 | 19.99 |
| Teflon Tail Kit | 18.95 | 3.99 |
| Wat Air 200 Washer | 24.95 | 8.99 |
| Bx10 Troys | 14.99 | 1.49 |
| X11x4 Troys | 3.99 | 1.49 |
| Efloex Paper Sale Paper | 69.95 | 49.99 |
| Efloex Print Maker | 134.00 | 16.99 |
SALE $289^99
ERA AND LENS OF YOUR CHOICE
PICK YOUR CAMERA BODY
Choose from Nikon FG or FM-2
Body Only Reg. 2529.99. Program automation tests all tests.
Body Only Reg. 2529.99. Manage manual window wonder
features on the system.
Nikon FM2
Body Only Reg. $279.99 Built mechanical body, not a rigid or flexible arm.
Body Only Reg. $279.99 Built mechanical body, not a rigid or flexible arm.
PACKAGE SPECIAL
With your camera and lens purchase from this ad, be one extra lens for $9.99 or two extra lenses for $14.99.
SAVE *175 on 3 lens outfit.
PICK YOUR LENS
Reg. $99.99
PICK YOUR LENS Cameras come with one of the three lenses offered below.
50mm B I E N e o n, normal lens,
Provides you a very fast aperture
for existing light pictures, is a
general use lens.
35mm 12.5* wide the wide
normal. Very popular lens with
sensual amatures and profs.
sonata in place of the 50mm
Reg. $134.99
135mm (12.8 E, Nikon) fast-light optics to pointize for sports theater and candidats that include in their range Great for sports, theater and candidats.
INSTANT PRINTS FROM SLIDES $8999
Durst Slide Printer
Color prints while you wait on Kodak Instant Print film are easy to make with the Durst
35mm SLR CAMERAS
Plus your choice of Winder or Data Back for
only 529 additional.
| | RETAIL | SALE |
| :--- | :--- | ---: |
| Nikon FM2 Body Ch | 380.00 | 129.99 |
| Momiya ZM 1.7 | 269.00 | 179.99 |
| Ricoh RK102 O | 315.00 | 179.99 |
| Monitek AT11 | 398.00 | 179.99 |
| Monitek X700 1.7 | 534.00 | 269.99 |
| Nikon FX3 F2 | 284.95 | 149.99 |
| Ganon AE1P Body | 350.00 | 199.99 |
| Ganon A11 1.8 | 465.00 | 179.99 |
| Ganon A11 2.8 | 455.00 | 179.99 |
| Olympus OMG1 (30) (rebase) | 390.00 | 229.99 |
| Nikon FA Black Body | 564.99 | 199.99 |
NOW'S THE TIME TO TRADE IN
YOUR OLD CAMERA
RICOH XR-7 with 50mm f2
The automatic XR-7 has a modern compact design, lightweight body that makes it ideal for travel and carrying everywhere. Liquid crystal meter readings for durability and dependability. Uses popular K-mount lenses.
SALE
$5999
ZOOM BINOCULARS
BUSHNELL
Retail $149.95 Factory Demo.
7-15X35 BUSHNELL ZOOM
Lightweight zoom binoculars are great for hunters, birdwatchers, and much more. Locate your subject on low power, then zoom in for detail.
7-21X40 Bushnell Zoom
Zoom in even more with the high power of these binoculars. Factory Demonstrators.
$7999
BINOCULAR SALE
VINCULAR SALE Retail SALE
7X35 TRAQ general purpose binocular 49.95 1999
7X35 TRAQ W/A wider view, great for sports, theatre 79.95 2999
7X35 Sportview W/A Bushnell quality in wide angle 89.95 4999
10X50 Bushnell Ensign high power, popular with hunters. 89.95 4999