Tage Seven, ‘iHe Mietluia
Name: Steve Herbert
Status: 6'0,1751bs. Sophomore
Birthdate: August 30,1970
Sport: Men's Basketball
Position: Guard
Hometown: Griffin, GA
Favorite B-Ball Team: Georgia
Tech
Steve Herbert, member of
the men's basketball team at
Montreat-Anderson College,
is not a newcomer to the sport
of basketball. Herbert has
been playing basketball for
thirteen years. He now plays
for M-AC in the position of
guard. Steve transferred to
Montreat from Emmanuel
College in Athens, GA. He,
"felt he could get better bas
ketball exposure in this area."
Steve is presently planning to
major in accounting and to
receive an Associate in Sci
ence here at Montreat. His
future plans might include a
degree in business law or en
vironmental law.
Steve's favorite part of
basketball is scoring. He says
that, "it feels good to be able
to score and get some points
to help the team out." When
asked if he gets nervous be
fore a game, Steve an
swered, "Yes, every game.
If you aren't nervous you
are not ready to play."
"Coach McNamara lets you
play your game-he is not
always jumpingdown your
throat when you miss a shot
or make a bad shot. He lets
you play through your
mistakes. It gives me more
confidence in the game."
Herbert's expectations
for the rest of the season
are, "I think we can win the
whole thing. The team has
a lot of abilities." Steve
says that he enjoys playing
for the M-AC Cavaliers and
certainly has high hopes for
the upcoming tournament.
Let's hope the Cavaliers
continue to jump, shoot,
and score high.
The Economics of War
By: Rose Anne O'Shields
Staff Writer
The Dow is up 15% since
the war began according to
The New York Times. Tues
day, Feb. 12, the Dow Jones
Industrial average rose to
71.54 points for a high of
2,902.23. Perhaps the future
is not as gloomy as everyone
expects.
The Federal Reserve has
been trying to bring interest
rates down which will have a
positive effect on the econ
omy and possibly pull us out
of the recession. Perhaps
people will soon begin to
travel further away and start
shopping in the malls again.
One analyst believes the Dow
will go even higher as the
year progresses.
Standard and Poor's 500
stock index, representing the
nation's most prestigious
stocks, gained to 2.6 percent.
This is a record for the year.
The New York Stock Ex
change composite index rose
2.4 percent which made for a
record high. The outlook for
stocks is presently one of
enthusiasm. Wall Street trad
ers are talking to money man
agers now committing them
selves to investing billions in
stock.
On Feb. 11, the Dow rose
steeply. It went from an ad
vance of 10 points at 10 am to
an advance of 55 by 2:30.
Trading volume rose from
187.8 million shares to 265.4
million. This ranks as the
fifth-highest volume for the
year. The New York Stock
Exchange said 4.4 stocks ad
vanced for every one that fell,
the highest ratio since the war
started." To prevent the mar
ket from going too high or
low the New York Stock Ex
change takes control when
ever the Dow rises or falls 50
points-H. The officials inter
vened at 2:09 p.m. "prevent
ing buyers from buying when
the last sale is at a price higher
than the one just before the
last sale."
Dealing with credit, in
terest rates are going lower.
Long-term rates are now at
their lowest levels since last
year.
On the decline were gold
prices. They sold $3 an ounce
less than usual. The price
was $367.70 in New York.
Crude oil prices rose .55 cents
a barrel to $22.50. However,
according to the Dow, com
panies like AMR had strong
gains (AMR is the parent of
American Airlines, Delta Air
Lines, and Federal Express).
Top five stocks perform
ing well recently were AT &T,
Bell South, Bell Atlanta,
Nynex,and Ameritech. Three
stocks not showing well were
General Motors, Boeing, and
Allied Signal. Bank stocks
are now on the inaease. The
projections for these stocks
are given only as short term
during the war in the Gulf.
St. Patty's Day
4
Dance
March 16 th
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