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University Daily Kansari, September 29, 1981
News Briefs From United Press International
Stock market up 18 points despite analyst's prediction
NEW YORK—Forecaster Joseph Granville's "Blue Monday" failed to materialize as the Dow Jones Industrial Average, which hit a 16-month low last week, soared 18.5 points to 942.56, its best gain in six months.
Granville caused a near panic on Wall Street in January when he predicted shortly lower market prices.
Granville's dire prediction overshadowed President Reagan's economic speech Thursday night. Wall Street analysts have charged that Reagan's budget proposals have been a major factor in the slide of the markets. The White House acknowledged that the federal deficit was one reason for the market's malaise.
Analysts noted the recent sell-off was not confirmed to the United States. Prices fell sharply in London, Tokyo, Hong Kong, Sydney and Toronto. The drop is not due to any financial problems.
The steep decline, plus the fact that more than 500 top-notch stocks were selling at their lowest level of the year, made issues attractive. Some professional investors, who licensed Gravity's prediction to hitting a man onachipches with a baseball bat, reportedly bought blue-chip issues out of spite.
Meese says Reagan favoring MX
WASHINGTON - Top White House aide Edwin Wesse indicates yesterday that President Reagan would go ahead with the MX missile project and that the decision on that and other defense systems, including the B-1 bomber, would be announced soon.
Aboard Air Force One, enroute to New Orleans for a Reagan speech, Meese said the president had accepted his decision "on several strategic grounds," and asked early relief was needed.
Meanwhile, John Tower, R-Texas, chairman of the Senate Armed Services Committee, said he did not know what Reagan would announce, but 'at this time we have no information.'
That proposal, he said in a televised interview, was a "monster from the beginning and didn't make any sense."
Plan relaxes discrimination laws
WASHINGTON—The Education Department is pushing for new regulations that would reduce-perhaps by as many as one in 10—the number of colleges and trade schools subject to federal sex discrimination laws, papers filed with a federal appeals court show.
The proposed change, which would affect schools not receiving direct federal aid, might eventually free some schools from rules against racial discrimination and regulations against bias toward the handicapped, as well as sex discrimination laws, one lawyer said.
The issue is whether schools receiving "federal financial assistance" are subject to the rules when the federal aid is in the form of student loans and grants not administered by college officials.
Higher Education Daily, quoting an Education Department attorney, said the revised rules would not apply to campus-based federal aid programs, such as College Work-Study, National Direct Student Loans and supplemental grants.
Hincklev's lawvers want 2 juries
WASHINGTON—Lawyers for John W. Hincley Jr., said yesterday they were willing to acknowledge that the young driller shot President Reagan, but they said they would raise an insanity defense as the "only real issue" at his trial.
The attorneys, in legal papers filed in U.S. District Court, asked for two separate juries to consider the case against Hinkley—one to decide his guilt or not. The jury will be divided between the two sides.
In arguing for the usual double-jury arrangement, Hincley's lawyers referred to the extensive coverage of the shooting, including television coverage of the attack.
Forcing the jurors who would decide Helen's mental state to "re-live events" would stir up their "patriotic wrath and inflame the jury's passions."
Haig, Gromyko hold second meeting
UNITED NATIONS—Secretary of State Alexander Haig and Soviet Foreign Minister Andrei Gromyko met yesterday for five hours at the Soviet Mission in New York, their second meeting in a week, but left without speaking to reporters.
The two sessions between Haig and Gromyko were the most significant encounters yet between members of the Reagan administration and the
They agreed to continue their "frank and businesslike discussions" early next year, U.S. spokesman Dean Fischer said.
that the two men discuss* the run range of international and bilateral issues, *"includes arms control.
"Clearly they discussed matters of a great substance," Fischer said.
Watt heckled at mining convention
DENVER—Interior Secretary James Watt scorned the antics of jeering demonstrators yesterday and said their actions, along with demands like those of Sen. Edward M. Kennedy that he resign, made him "more determined" than ever to carry out his job.
Watt was delayed 15 minutes at the beginning of a speech to the American Mining Congress' 1981 convention after a half-dozen hecklers with convention banners worked their way in the halls and began shouting, "We are demonstrators chanted, some with bullhorns, 'Dump Watt, dump Watt.'"
One mining delegate took off his suit coat, rolled up his sleeves and pulled a demonstrator by the hair down an alse while police rushed to get the two apart. The more than 4,000 mining executives at the convention loudly applauded their fellow delegate's actions.
Weinberger argues for AWACS
WASHINGTON-Defense Secretary Caspar Weinberger presented the Reagan administration's case for selling AWACs to Saudi Arabia to a skeptical Senate Armed Services Committee yesterday.
Sen. Dan Quayle, R-Ind., appeared to sum up congressional majority sentiment when he said the arms package would not be approved by Congress unless Saudi Arabia compromised on its terms.
"I don't know what we can do to convince the administration that the sale is not going to go through as is," he said.
Sen. Henry Jackson, D-Wash., an ardent supporter of Israel, said that there was no dispute over the need for the radar-equipped airborne warning and control systems in Saudi Arabia but that "the argument is over the management of them."
Reagan vows more cuts if needed
A sizable majority of the House and more than half of the Senate are believed ready to vote no on the deal.
WASHINGTON—President Reagan vowed yesterday to further slash federal spending if needed to balance the budget, and key congressional and legislative actions.
"We are not going to retreat from this program one bit, because we know it will restore the economy." Haagan told us a $1,000-a-person Republican fundraiser.
The president said he was ready to cut "tena of billions more" beyond the $2 billion in reductions that the proposed last week for fiscal 1982 in order to keep the economy moving.
"We're going to keep going until we do," he said
Criterion to reduce production
By CATHERINE BEHAN Staff Reporter
The only black newspaper on campus will decrease the frequency of publication because production costs are higher. The editor, editor of the Criterion, said yesterday.
Staff Reporter
The Criterion has been published weekly or biweekly since the first issue in 1977. This year the newspaper will be published monthly in a magazine format, the Criterion staff decided Friday.
"We decided to go monthly because we didn't have the advertising to go weekly and we couldn't afford the production costs," Quinton said.
It costs about $300 to print a four-page issue of the paper, but Quinton said she did not yet know how much the magazine format would cost to print.
THE CRITERION was not a priority for staff members, Quinton said, and after members of the staff graduated, there were problems replacing them.
"The students we have right now are
inexperienced," she said. "We need to get more students involved."
The Criterion is published by members of Blacks in Communications, but any student is come to work on the staff, Quinton said.
"There aren't that many black students in the School of Journalism," she said.
Eddie Williams III, the first editor of the Criterion, said he was not in favor of publishing the paper monthly.
"That means it's only three issues a semester, and it is more important than that," Williams said.
"I'm glad the paper still exists, period."
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WILLAMS SAID the paper served an important purpose on campus because it forced the University Daily Kansan to increase its coverage of minorities.
"Minority news at the Kansas increased significantly when the Census data was released."
Quinton said publishing the paper was important because it showed the bliss of being in a world.
are depicted on television and in the press."
"The paper shows a lot of positive things going on in the black community," she said. "The media control how people are portrayed, and we want people to see that blacks aren't the funny, lazy, knee-slapping people that
BLACKS IN COMMUNICATIONS is funded by Student Senate and receives some money to defray the cost of publishing the Criterion.
"We acknowledge that we need Student Senate help, but we would go back to publishing the paper biweekly if we had more advertising," she said.
The group plans to ask the Senate for more money to publish the paper in the spring, Quinton said, but the staff wants to try to publish the paper with advertising revenue and not ask Senate for more money.
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