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Greenspan Says U.S. Economy Is in Decline

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Greenspan Says U.S. Economy Is in Decline Fighting words Rocky Balboa is back. Again. Read all about it in today's R&R. THURSDAY, NOVEMBER 29, 1990 DUKE UNIVERSITY DURHAM, NORTH CAROLINA CIRCULATION: 15,000 VOL. 86. NO. 65 Committee recommends more faculty-in-residence By WILLIAM BEAMER students, Strobel said. He also The Residential Life Task stressed that "it is not likely we Force has proposed doubling the will jump from five to ten [facul­ number of faculty-in-residence, ty-in-residence] in one step. It but a University committee on would be more of a gradual class size is opposed to the plan increase." due to its high costs to the Uni­ The committee on class size, versity. led by Larry Evans, chair of the The task force, headed by physics department, is opposed Howard Strobel, a professor in to the increase in faculty-in-resi­ the chemistry department, made dence. The committee recom­ the recommendation in Septem­ mended that the University in­ ber that the number of faculty- crease its target enrollment from in-residence be increased from 5,700 to 5,900 earlier this month five to ten. to increase revenue. "Students have found them­ The expansion of the faculty- selves very engaged" by the op­ in-residence program would cost portunities and activities pro­ the University an estimated vided by the faculty members in $50,000 in lost revenue for each residence, Strobel said. "We have new faculty member in resi­ received uniformly very positive dence, said Victor Strandberg, reports from the faculty-in-resi­ chair of the Undergraduate dence. Faculty Council of Arts and Sci­ "What happens to the quality ences. BOB KAPLAN /THE CHRONICLE of life would be sufficient reward" This figure is based on the lost Howard Strobel, chair of the Residential Life Task Force for the cost of displacing a few See RESIDENCE on page 10 • Lydia runs unopposed for BSA office Greenspan says U.S. By BRET WITTER Lydia said she would continue economy is in decline In today's annual BSA Central the policies ofthe former admin­ Committee elections, Trinity ju­ istration, but wished to expand By DAVID ROSENBAUM to the wealth of data that nior Malkia Lydia is a sure bet to on new ideas and welcomed any N.Y. Times News Service be elected president. Like almost suggestions from the BSA mem­ Greenspan has. WASHINGTON — Alan A shrinking economy means all the other candidates pursuing bers present. Greenspan, the government's offices, she is running unop­ "Malkia is the most qualified less business activity, higher most influential economic pol­ unemployment and a much posed. person for the job," said Trinity icy maker, on Wednesday be­ In her campaign speech last junior Eric Dozier, the current larger federal budget deficit, came the first top official to as tax revenues decrease and night, Lydia focused on a need to BSA president. "She is very moti­ say publicly that the nation's develop a stronger sense of black vated and will do an excellent spending for unemployment economy is actually shrinking. compensation and welfare community. Her main priority, job. The BSA is very lucky to Although others in the gov­ she said, will be the internal de­ have her. I am anxious to see programs rise. ernment have acknowledged If the situation got bad velopment ofthe BSA and an im­ how she will do as president." that the economy is growing provement in its relationship Dozier was not concerned enough, the Federal Reserve little if at all, Greenspan, would probably lower interest with the black community at the about the lack of people running chairman of the Federal University. for office, even though candidates rates to give the economy a Reserve Board, told Congress lift, but Greenspan would not She stressed the need for more for nine of the ten offices are un­ on Wednesday that economic active involvement by BSA mem­ opposed. Last year, only three say Wednesday whether or BOB KAPLAN/THE CHRONICLE activity had been contracting not that was his intention. bers who are not on the Central candidates were opposed, so this since last month, largely be­ Malkia Lydia Testifying before the House Committee, the BSA's ruling year's turnout is not a dramatic cause of the crisis in the Per­ Banking Committee, he said body, and recruitment of black organizations such as the African decline. Dozier cited apathy not sian Gulf. students who aren't active in the Student Alliance. Lastly, Lydia only in the BSA, but in the stu­ of the economy, "All indica­ organization. She also encour­ suggested the BSA take a more dent body at large as one of the Many private economists tions are that a meaningful aged involvement with black active role in the Durham com­ reason for the small slate of can- have reached similar con­ downturn in aggregate output graduate students and graduate munity. See BSA on page 10 ^ clusions, but none has access See GREENSPAN on page 4^ State considers transportation upgrade By JULIE HARKNESS Department of Transportation. tion needs, rural human service A conference on public trans­ "We owe it to the North Carolina needs and rail corridor and reha­ portation funding titled "Linking taxpayers to get a larger share of bilitation needs," Harrelson said Transportation and Land Use" what we send to Washington," he in a press release. will be held today in Raleigh. The said. The state collects about $40 The six points ofthe plan are: conference is open to the general million of gasoline tax for the fed­ • Elderly and Handicapped public, but people may have trou­ eral government each year and Transportation Program, costing ble getting there on existing pub­ receives about ten percent of the $3 million lic transportation. collected money in return. • Rail Line Rehabilitation and State transportation officials The plan alerted officials to Corridor Protection, $4 million unveiled a six-point plan on Nov. possible options for changing the • Assistance to the state's 16 16 to improve public transporta­ public transportation situation fixed-route bus systems, $5 mil­ tion. when federal funding is lion "It's a way of focusing atten­ reauthorized in 1991. • Capital assistance to general tion on public transportation BOB KAPLAN/THE CHRONICLE "This is a first look at a com­ public transportation systems, issues," said David King, director prehensive public transportation $2 million Railway rehabilitation is one part of a six-point plan to improve of public transportation and rail and rail program that has been • Public transportation discre- public transportation in North Carolina. division in the North Carolina designed to meet urban conges­ See TRANSIT on page 10 • PAGE 2 THE CHRONICLE THURSDAY, NOVEMBER 29, 1990 World and National Newsfile Baker, Shevardnadze plan talks Associated Press By THOMAS FRIEDMAN peaceful resolution of this conflict," Countries ban weapons: Brazil N.Y. Times News Service and Argentina on Wednesday formally Shevardnadze said after meeting with banned the production of nuclear Secretary of State James Baker III and Baker at the Soviet Mission. weapons in the two countries. Soviet Foreign Minister Eduard The Security Council on Thursday is ex­ Shevardnadze announced Wednesday pected to pass a resolution allowing the that they would hold a ministerial meet­ use of force against Iraq if it does not pull China favors restraint: chinas ing on Dec. 10 and 11 in Houston, Baker's its forces from Kuwait by Jan. 15. Pre­ foreign minister said Wednesday that hometown, apparently to pave the way for sumably the Shevardnadze talks will his country will not back a proposed a summit meeting in Moscow this winter. provide a final check on the situation U.N. Security Council resolution au­ Baker and Shevardnadze made the an­ before that date. thorizing force against Iraq, a day nouncement after a two-and-a-half-hour Bush had hoped to go to Moscow to see before foreign ministers prepared to meeting at the Soviet Mission to the Gorbachev and sign a new strategic arms vote on the measure. United Nations in New York, where the limitation treaty in December. But sev­ two men discussed last-minute details eral unsettled issues, including the kinds UPI PHOTO AIDS Spreads: About one in 500 before Thursday's Security Council vote. of tests the Soviets will be permitted with US college students is infected with Soviet Foreign Minister Eduard It is expected to authorize the use of force long-range SS-18 missiles, have slowed Shevardnadze the AIDS virus, and further spread of against Iraq if Iraq continues to refuse to completion ofthe accord. the deadly disease is likely on cam­ withdraw from Kuwait. puses unless students change their sex The Baker-Shevardnadze meeting in habits, a federal study concludes. Houston will be the second time that the two men will have met in the United Ex-advisers urge caution in Gulf CNN ban lifted: A federal judge States outside Washington. In September Wednesday lifted a ban on broad­ 1989, Baker invited his Soviet counter­ By MICHAEL GORDON wait patiently." casting tapes of_ Manuel Noriega's part for a ministerial meeting in Jackson N.Y. Times News Service The testimony by the two retired of­ prison telephone calls, defusing a con­ Hole, Wyo. WASHINGTON — Two former chair­ ficers before the Senate Armed Services frontation between the rights of the After meeting with Baker, men ofthe Joint Chiefs of Staff urged the Committee was significant because it media and those of a criminal defen­ Shevardnadze will fly to Washington to Bush administration Wednesday to post­ reflects a strong current of opinion within dant. confer with President Bush. pone military action against Iraq and to the active military and because the two Besides setting a date for a summit give economic sanctions a year or more to men remain influential with Congress.
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