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US Photographer Shot Connecticut Satlg (ftanuma Serving Storrs Since 1896 Vol.LXXXIVNo. 129 The University of Connecticut Thursday, April 30,1981 Prime rate goes up, 17V2 to 18 percent McCarthyism might return to U.S. NEW YORK (UPI) • Most of the nation's largest banks By KEVIN HUTSON phases to illustrate his sake of national security, Wednesday hiked their prime rate to 18 percent from 17'/j Victor Navasky, editor theory on the re- he said. percent in response to higher costs of funds in a volatile of the Nation magazine emergence of McCar- Navasky also listed interest rate climate that could push the prime still higher. and an expert on the Mc- thyism. The first phase several bills pending The Fed is digging in its heelsand tightening up on bank Carthy era. said Wed- occurred during the Mc- legislation which he said reserves because of an undesirable bulge in the money supply nesday night that he fears Carthy years. when reflect the move toward a in March and early April." said David M. Jones, economist a return to the tactics of people were punished new McCarthyism. They for Aubrey G. Lanston Co. McCarthy ism. through exposure. include a bill to once again "It has stepped up its vigilance to prevent the sort of money Navasky, who is the The second phase was a form a House Committee growth that would renew inflationary pressures." author of the book counter-intelligence pro- on Un-AmericanActivities, Chase Manhattan Bank, third largest in the country, led the "Naming Names," about gram, a recent develop- a bill which supports the way on the prime and was followed by virtually all of the the McCarthy years and ment in which the U.S. death penalty, legislation nation's major banks. the anti-communist in- government had secretly to cut back the Freedom of "The most important factor is the higher cost of bank vestigation in Hollywood investigated the lives of Information Act. and a bill funds," Jones said. "And these pressures all point to a still during the 1950s, spoke to possible government to take away the court's higher prime in the weeks immediately ahead." an audience of about 150 enemies. Navasky said jurisdiction over such The federal funds rate that banks charge each other for at the UConn Library. the third phase will occur issues as abortion, and loans traded as high as 20 percent Wednesday before the Fed "My own fear — when next and is the most give the jurisdiction to supplied reserves to the banking system. It was the second and if the Reagan dangerous. Legislation Congress. consecutive day the Fed has been forced to dampen upward economic program fails — will be used to sacrifice SEE PAGE4 pressure on the funds, which were trading in the 13Vi percent is that there is going to be individual freedom for the range just one month ago. a national scapegoating." Some analysts have said the higher fed funds rates are a Navasky said. "There will result of technical factors. Banks posted a second deficiency be an attempt to repeal of reserves last week and were bidding aggressively for funds the 1960s." He said things in order to show a surplus Wednesday, the end of the banking which will come under at- week. tack will include abortion, gay rights and feminism. Navasky said this scapegoating will occur Don Cafero elected because of the decline of the United States as a student Trustee world power. "It's an inevitable trend. No By a landslide majority. Don Cafero was elected as student president can or even member of the Board of Trustees, the 16 member governing perhaps should try to body of the University. change this. With the rise Cafero won 52 percent of the vote, while none of the other of the Third World there is four candidates earned more than 16 percent. going to be a re-allocation Sixteen percent of the votes were cast for John Berry, 15 of resources. Where pcrcent'for Victor Rush, 11 percent for Jefferey Nich61as, and we've had more than our six percent for John Luppino. share in past years, we're A total of 4.114 ballots were returned of 21.112 that were going to have less than mailed out. meaning that 20 percent of UConn students our share in the coming voted. years," Navasky said. Compared to last year's election. 65 more votes were cast. He outlined three Victor Navasky (Jim Lofink photo). El Salvador: U.S. photographer shot; mistaken ID. claimed SAN SALVADOR. El Salvador (UPI) - Salvadoran Thurlow's Salvadoran interpreter, Gilberto but from a Treasury Police barracks about 250 policemen wounded two photographers, one of Moran. was shot to death in the incident that yards away.I guess they mistook us for guerrillas." them an American .and shot to death their translator erupted at 3:30 p.m. when journalists were trying the journalist said. Wednesday in the mistaken belief they were leftist to investigate guerrilla attack on an electricity Thurlow and Romero Zuniga were the fifth and guerrillas, witnesses said. substation in Aguacaiente. The witnesses said the sixth journalists wounded while covering El 'We were up on top of a hill and the Treasury police probably thought the journalists were Salvador's political violence.Five others have been Police opened fire on us."said a Salvadoran guerrillas. killed and three were mising. journalist who was with the victims during the The journalist accompanying the victims said incident in the western San Salvador suburb of In another development, spokesmen for President Thurlow. Romero Zuniga, Moran and crews from Jose Napoleon Duarte denied he said that missing Aguascalinte. NBC and CBS television networks arrived at the George Thurlow. a free-lance photographer from American Mryknoll priest Roy Bourgeois may have substation mintues after rebels had withdrawn, disappeared to join leftist guerrillas fighting to Woodland, Ca.. who worked for the Vacaville where a half hour battle had been fought. Reporter and the Santa Babara News, was shot topple the ruling junta. three times in the left arm and sholder and was Treasury Policemen on duty at the substation saw Officials of the Ossining, N.Y.-based Catholic reported in fair condition at a San Salvador the journalists and shouted for them to come closer, order said Tuesday they had a report Duarte had hospital. yelling "Come on.come, it's okay," said the made such a comment about Bourgeois, 42. who Joaquin Roero Zuniga, a Salvadoran who works as journalist,who declined to be identified ior fear of disappeared Sunday from his downtown San a correspondent for the Associated Press, was shot police reprisals. Salvador hotel while working as a translator for a in the upper thigh and was in stable coditidh. "The gunfire then erupted, not from the sbstation Chicago television station. Sports supplement WEATHER today Variable cloudiness and cooler today with highs 60 to 65. Despite what you see here, the coaches at Cloudy tonight with occasional rain or drizzle developing UConn don't need guns held to their heads and continuing Friday. Highs Friday in the 50s. Southwest to be forced to do their jobs. In fact, they winds gradually diminishing today, becoming easterly at might even admit to enjoying it...See 10 to 15 miles an hour tonight. SPORTS WATCH MAGAZINE, pg. 7. Page 2 The Connecticut Daily Campus, Thursday, April 30,1981 The day of the great, Call now or pay later American bomb machine A bill pending before Connecticut's General Assembly will result in An evaluation of the arms race reveals this peculiar title is not only increased tuition and decreased state funding at The University of appropriate for the April 25 protests which took place in 60 cities in the U.S. Connecticut. Two phone calls from students to their state representative and around the theme "The Future In Our Hands: Freeze the Arms Race state senator will help defeat this legislation. US-USSR." but the "Bomb Machine" is the daily business of America. Almost every major U.S. corporation has their teeth sunk into defense Senate Bill No. 842, which passed the Legislature's Finance Committee last contracts. And when profits for the industry begin at 20 percent compared to week, would use tuition revenues to fund part of the state-approved budget of 12-14 percent for other industries, why not lobby for every tax dollar you can the University. At the present time, tuition paid by students is deposited into get. the state's General Fund. In turn, the state appropriates a separate budget to United Technologies, General Motors, Lockheed, RockweH International, The University of Connecticut. General Electric and General Dynamics are only some of the recipients of Pentagon dollars. Connecticut's own, Electric Boat at the General Dynamics shipyard in Groton has contracts for 20 fast attack submarines at a cost of Under the provisions of this bill, ttll revenue from tuition would be $350 million apiece and contracts for eight Trident submarines at $1.2 billion deposited in a special fund. The Legislature's Appropriations Committee apiece. would agree on a funding level for the University for the following year, and Stretching the length of two football fields and displacing 18,000 tons, the would appropriate that amount minus the amount that would be raised from giant Tridents will carry 408 warheads, each five times the size of the tuition. Hiroshima bomb. The destruction of 408 cities, by a hydrogen explosion as hot as the sun, is more than the human mind can comprehend; yet the Supporters of this proposal contend that this legislation would give the massive war build-up continues.
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