SPORTS- Corey is scoring Junior Corey Ceccolini leads the Ouke field hockey team tonight tor a bout with the No. 2 THE CHRONICLE Tar Heels. SEE SPORTS, p. 15 I'.'ij.i'i^.u'n^.jiLuiiiL'fii.mjjii, Fire Marshal approves 4 bonfire locations • While it approved four ofthe five sites, the fire department presented "I'm certain there are people who will not be the University another requirement: pleased [that Clocktower Quad did not pass] Only one site may be used per night. but we're talking about moving the fire 50 feet." EXECUTIVE VICE PRESIDENT TALLMAN TRASK ON THE HOUSE P APPROVED SITE City officials have ruled out Clocktower Quadrangle as a location for bonfires, but if "If you start a bonfire, that is the bonfire. That is the only BRETT ETHRiDGEyTHE CHRONICLE students carry their benches just a little bit further, the traditional celebratory blazes one that will be allowed." DAVID GERGEN will lecture again tomorrow. 7 may again grace Main West Campus. BILL BOTEN, FIRE AND SAFETY MANAGER University officials said yesterday that Gergen discusses the Durham Fire Marshall has preap- different sites would not be allowed. "Why Carolina at Chapel HiU, the Atlantic Coast proved four bonfire sites: the quad in front would you want to do that?" he asked. "If Conference tournament championship of House P, the lawn in front of the West you start a bonfire, that is the bonfire. game, the NCAA regional final and the na­ morality in the Union Building and two sites on Chapel That is the only one that will be allowed." tional championship game. Quad—one near the James B. Duke stat­ Executive Vice President Tallman Of the University's five proposed sites, ue and the other near the bus stop. Trask said, however, that although ad­ city officials rejected only one: Clocktower. Executive branch Along with this preliminary approval ministrators will not dictate which site "It did not have what they felt was suf­ By ANYA SOSTEK come several preliminary regulations, students should use for a particular ficient access in an emergency situation," The Chronicle said Bill Boten, fire and safety manager game, students will have to choose the Boten said, noting that Clocktower is cut The topic that immediately comes to for the University. These conditions site shortly in advance of the event. off from emergency vehicles by stairs and mind in a lecture series titled "The stipulate that Chapel Quad and Chapel The fire department is "willing to wait narrow archways. The other four are ac­ American Presidency and Moral Lead­ Drive must be cleared of cars and that until the last minute" before setting up cessible to fire trucks, he added. ership" was not what David Gergen in­ there must be a fire truck and three fire their enforcement team, TVask said, "but This decision officially eliminates Clock­ tended for yesterday's installment of a inspectors at the event. I'm not sure we can do that and expect tower as a possible bonfire site, a decision two-part lecture sequence at the San­ Although four sites have been approved, people to know what's going on." IVask hopes will not raise the ire of too ford Institute of Public Policy. Boten said, there will only be one bonfire He added that the University will have many students. "I'm certain there are peo­ "It's tempting to talk about [President allowed for each, game. The Durham Fire to develop a method for allowing students ple who will not be pleased, but we're talk­ Bill] Clinton and his travails," Gergen Department can only protect one site with­ to select the site beforehand. Also, he said ing about moving the fire 50 feet," he said, said. "I think that would be a mistake." out diverting resources from the city's that as previously stated, students may referring to the House P location, which The crowd instead heard Gergen emergency response fleet, he said. only have bonfires after five games: the was among the four that were approved. See GERGEN on page 6 &» Boten added consecutive bonfires at two games against the University of North See BONFIRES on page 6 • Duke Surplus Store moves to Lakewood Congress passes bill to University officials hope the store will provide an anchor for the shopping center's long-term health By NORM BRADLEY cut loan interest rates The Chronicle • The bill, which the president has agreed to .Aiming to base itself closer to the majority of its cus­ tomers, the Duke Surplus store has found a new home sign, decreases interest rates from last year at Shoppes at Lakewood on Chapel Hill Road. by 3/4 of a point. Recent graduates may refi­ "Most of our business comes from Durham resi­ dents, and this store is much more convenient for the nance their loans within the next four months. community," said store manager Sherwood Vancampen, who noted that most students stop shopping at the store ByJOHNH-CUSHMANJR. after the first two weeks of each semester. N.Y. Times News Service Durham residents celebrated the relocation ofthe store WASHINGTON — College students who take to The Shoppes at Lakewood at a ribbon-cutting ceremony out federal loans will pay the lowest interest rate held Tuesday morning. Mayor Nick Tbnnyson, Executive in decades, saving hundreds of dollars each, while Vice President Tallman Trask, and Senior Vice President grants to poorer students will increase by thou­ for Public Affairs John Burness each spoke to the crowd. sands of dollars under a bill that won final passage in the Senate Tuesday and is sure to become law. "This is part of Duke's increasing efforts to be a good neighbor," Trask said. "We are committed to keeping Millions of students would benefit from the Durham the wonderful place it already is." more generous terms over the next five years. The Tfennyson, Trinity 72, was happy to participate in the Senate approved the bill, 96-0, a day after the ribbon-cutting event. "The opportunity to be involved in House approved it unanimously. Despite reserva­ events like this is the highlight of office," he said. tions about subsidies for the banks that make most of the loans, the Clinton administration has The surplus store is a cost recovery operation. Various embraced the bill. members and departments of the University community put their excess furniture, computing equipment, exercise Sen. Edward Kennedy, D-Mass., who is a spon­ machinery and office supplies on consignment- at the sor ofthe measure, estimated that the typical stu­ store. Seventy cents of each sale dollar are returned to the dent graduating from college with $13,000 in debts organization which donated the item while 30 percent is would save $700 in interest payments. A student used to cover the surplus store's expenses. The old shop, with a loan of $20,000 would save about $1,000 in just off East Campus at Buchanan Boulevard, broke even. the five years it takes to pay back college loans. In another bonus to recent graduates, the The size ofthe facilities are roughly the same. How­ measure extends for another four months, until ever, the new facility, at 2000 Chapel Hill Rd., has a See BILL on page \4P- See SURPLUS on page 8 * THE BLUE DEVIL checked out the goods • PROF WORKS ON IMPLANT SETTLEMENT SEE MED CENTER, PAGE 4 • DUKE EXPERTS, OPPONENTS REVIEW SWEATSHOP DEBATE SEE ISSUES, PAGE 11 THE CHRONICLE • PAGE 2 WORLD & NATIONAL WEDNESDAY, SEPTEMBER 30,1998 NEWSFILE Fed cuts rates in effort to guard economy FflOM WIRE REPORTS began last year in Asia is hitting the United States y Oprah Winfrey calls off Lewinsky interview with increasing force. Negotiations over the rights to Monica Lewinsky's WASHINGTON — The Federal Reserve Board cut Maury Harris, an economist at Paine Webber in account of her relationship with President Clinton took interest rates by a quarter of a percentage point in an New York, described it as a "growth insurance policy" an unusual turn when Oprah Winfrey announced on her attempt to keep the financial turmoil that is afflicting taken out by the Federal Reserve to head off the pos­ television show and in a press release that she would not much ofthe world from derailing the domestic economy. sibility of a downturn and the need for a more pro­ pursue an interview with Lewinsky. "I no longer want The central bank reduced the main short-term rate it nounced rate cut later. the interview," the talk show host said in her statement. controls to 5.25 percent from 5.5 percent, the smallest in­ The reduction is likely to have only a marginal ef­ Winfrey, elaborating in an interview to be published next crement available to it, in a move intended as much to sig­ fect on the problems plaguing Japan, Southeast Asia, Monday in TV Guide, said Lewinsky's representatives nal the Federal Reserve's deepening concern about the Russia and Latin America. But to the extent it keeps had promised her the first interview, but then had economy's prospects as to stimulate faster growth. the U.S. economy healthy, the rate cut would help phoned back to demand the "international rights" to the It was the first time the Federal Reserve has cut other countries by strengthening demand for their tape, which they could then sell. rates since January 1996, and the first change in rates products from the world's biggest economy. since March 1997. It also could give embattled markets around the fi Supreme Court agrees to hear sexual harass­ The cut in the federal funds rate, widely antici­ world some reassurance that Alan Greenspan, the ment case pated by economists and investors, will put down­ world's most influential economic policy-maker, rec­ The Supreme Court said it wiil decide whether educators ward pressure on the 'rates paid by consumers and ognizes the severity of the crisis facing them.
Details
-
File Typepdf
-
Upload Time-
-
Content LanguagesEnglish
-
Upload UserAnonymous/Not logged-in
-
File Pages48 Page
-
File Size-