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2The Daily Tar HeelMonday, October 24, 1983 Professor says IMF will default without more money By DENNIS DOWDY Staff Writer Unless more money is raised for the In ternational Monetary Fund, the fund will default this spring, said Stanley Black, visiting professor in the UNC department of economics. Black spoke of the functions and future of the IMF at a discussion spon sored by the Campus Y Global Issues Committee last week. Over the past few years, use of IMF services has grown because of the reces sion. Since 1981, world trade has de clined; and as a result, international bank lending slowed down. Unable to receive any help from banks, developing coun tries have been turning to rfc imp for . assistance. Developed nations have had to increase the amount of money they put into the fund to make up for the in creased business. The IMF has a little over $10 billion available for needy countries, which is not enough to keep the fund afloat with out an increase. The attempt to raise more money for the fund has faced much criticism. One is that a country often uses IMF money to pay back the banks, or "bail out the banks," Black said. He added that al though countries did use the money to pay the banks, "the IMF has never lost any money, except maybe from Cuba and Poland, who dropped out of membership and possibly did not settle up all their funds." . - 3C2E2G TTCOG (SOOT BROADWAY ON TOUR BEGINS WITH: Friday and Saturday, November 4 and 5 Tickets on sale at Union Box Office 962-1449. Informational Meeting Wednesday, October 26 3:30-5:00 in Toy Lounge (4th Floor Dey Hall) MONDAY ONLY: SfflKLCDM S099 Reg. $4 29 Served with piping hot Baked Potato or homemade French Fries and Texas Toast. 324 East Rosemary St. Chape! Hill 942-1816 1714 East Holloway St. Wellons Village, Durham 688-5575 A second criticism is that some coun tries feel that the conditions placed on the IMPs upper-credit loans are too harsh. The IMF often sets restrictions on a coun try that it feels would correct the country's monetary faults, and country must follow the agreements or their loan would be cut off. For example, the IMF ordered Jamaica to cut back in wages and increase their food prices in order to get assis tance. Sen. Jesse Helms, R-N.C, and the Re publican National Campaign Committee have also argued that the increase would be made up by taxpayers. Black said tax payers would have to make up $20 mil lion, but the United States would suffer worse if indebted countries cut off their imports because of their monetary prob lems. "Developing countries are our trading partners. What affects them will have an effect on us," Black added. ; The main function of the IMF is to lend money to countries in debt who are members of the organization. It was founded in 1944 to promote in ternational monetary co-operation and balance world trade by adjusting ex change rates. The IMF is composed of a board of governors from each of the 144 member nations, a 22-member executive board and an interim committee that supervise the IMF system. Jacques LaRossier, of France, is the managing director. Wake up to a cup f coffee and The Daily Tar Heel tapestries Public Art in New York City Presentation to be given by Lila Clerk Oct. 25 5 pm-6 pm film auditorium Reception following presentation Oct. 25 Union Gallery. TWO DEALS FROM FOISTER'S AND KODAK rsro'' i. slip. FOISTER'S- CAMER A 133 E. Franklin Downtown Chapel Hill State and Nation The Associated Press Nearly a half million demonstrators poured through the streets of Brussels, Madrid and Paris on Sunday in the sec ond day of Western European protests against deployment of new U.S. nuclear missiles. ' Anti-missile campaigners hailed the Weekend turnout of more than one and a half million people as a clear sign of widespread opposition to the impend ing deployment of 572 Pershing II and cruise missiles. There were no reports of arrests or violence Sunday. On Saturday, when more than a million Western Euro peans sat-in, formed human chains and marched, West German police arrested 450 protesters. In Brussels, marchers converged in three columns on the city center in the biggest anti-missile protest ever in Belgium. There was no official count, but policemen said the crowd was much larger than the turnout of 200,000 in an October 1981 demonstra tion. Organizers estimated the number Sunday at 300,000. AUGUSTA, Ga. The bearded out doorsman who crashed the gate of the Augusta National Golf Club, took five hostages and demanded to speak to President Reagan had been hospi talized in the past for alcoholism, a doctor said Sunday. Charles R. Harris also was despon dent over the loss of his job and recent death of his father, friends said. Harris, 45, remained under observa tion Sunday at Augusta's University Hospital as federal and local officials prepared charges against him. Harris rammed a gate at the pres tigious club with a pickup truck Satur day and took two White House aides and three others hostage, officials said. He demanded to speak with Reagan, who was vacationing at the club and was on the 16th fairway. Reagan called Harris five or six times but Harris hung up on the president, apparently because he wanted to speak to him in person, said Richmond County Sheriff J.B. Dykes. HOLLYWOOD, Fla. Former Gov. Reubin Askew won a crucial home state presidential straw poll at the Florida Democratic State Convention on Sunday, picking up 45 percent of the vote. Askew had said a defeat would have ruined his dark-horse candidacy for the White House in 1984. It was the same forum where former President Jimmy Carter of neighboring Georgia first drew national attention in his successful quest for the Democratic nomination eight years ago. But taking some of the luster off Askew's victory was a poll of 585 Democratic voters across the state by three Florida newspaper that showed Askew trailing former Vice President Walter Mondale by 32 percent to 26 percent. Ohio Sen. John Glenn re ceived 19 percent in the newspaper poll. In the convention vote, Mondale was second with 35 percent and Glenn third with 17 percent. The vote totals were: Askew 1,053, Mondale 823, Glenn 410, California Sen. Alan Cranston 24, former South Dakota Sen. George McGovern 12, and South Carolina Sen. Ernest Hollings 3. Cranston and Hollings did not at tend the Florida convention. RALEIGH Lt. Gov. Jimmy Green is being tried under a state bribery law that is too vague, defense attorneys and legal observers say. Alan D. Briggs, the general counsel of the N.C. Academy of Trial Lawyers, said lawyers asked to review the statute in light of the charges against Green have called the law "loose, open and vague." "Judging from the comments we're getting, there's an awful lot of criticism about how poorly the statute's written," Briggs said. "I frankly think it's fortunate that we have a group of people looking at these questions, in light of the situation." Sandwiches . . . Salads TIRED OF STYROFOOD? Tickle your tummy with a fresh Subway sandwich! 967-5400 Franklin Center Mall, Downtown F The School of Publi&Health presents a Special Lecture Living With Risk in a Free Society by William D. Ruckelshaus Administrator, Environmental Protection Agency Tuesday, October 25, 1983 10:30 am Memorial Hall - UNC Co-Sponsored by the School of Public Health Alumni Association A question and answer period will follow All ads must be prepaid. Deadline: Classified ad must be received by 12 (noon) one business day before publication. Display classified ads must be received by 12 (noon) two business days before publication. Classified ad may be placed at the DTH office or mailed to the DTH Carolina Union 065A, Chapel Hill, NC 27514. Classified Info Return ad and check of money order to the DTH office by noon the business day before your ad is to run. Ads must be prepaid. Rates: 25 words or less Students $2.00 Non-students $3.00 5C for each additional word $1.00 more for boxed ad or boldface type Please notify the DTH office immediately if there are mistakes In your ad. We will be responsible for only the first ad run. announcements help wanted THE YOGA PLACE. 452 W. Franklin St.. will begin new classes the week of Oct 24. For information about Yoga and our 8 classes, call 967-9686. If s a question of Joy! WANTED: CONSCIENTIOUS WOMAN TO provide part time care and fun for our lix-month-old. Hours negotiable. Need own transportation. Call 933-8259. SMOKERS! THE EPA NEEDS Ut 18-40, for study invoivteg 2 visits, 1-lVi hour oa the UNC campus. $15 coajpensarJoa. Call 966-1253. Moaday-Frlday, 8 aa-5 pa. for sale roommates FORGET-ME-NOT CHRISTMAS Crafts Fair. A dis tinctive crafts collection. Basketry. English Smocking. Quilting. Wood Art, Children's Toys and Clothes. Weaving. Sat, Oct 22 10 am-7 pm and Sun., Oct. 23 1 pm-5 pm. Community Church Purefoy Rd. BLACK MALES aV FEMALES - $45 will b paid to healthy aoa-easokers, age 18-35, who com plete ao EPA breath lag study oa the UNC caat paa. For atore Info please caB 966-1253. Moaday-Friday 8 aas-5 pas. MODELING OPPORTUNITY. WOMEN LOOKING good in swimsuits needed for regional photo, tradeshow modeling. Good pay. Part-time, flexible hours. Experience unnecessary but helpful. Call 214692-1440. services MORRISON CONTRACT FOR SALE (female) wonderful, roommate and suitemates. Call Avis 933-3262. CRAIGE CONTRACT FOR SALE: Male grad. Available im mediately. 933-6302 or 933-7051 Dean, evenings. CRAIGE HALL CONTRACT FOR sale immediately. Call 933-3560. 1981 YAMAHA 400 FOR sale. Excellent condition. 7.500 miles. Also comes with a hondaline full face helmet. $975. Can 933-7852. lost and found HANDYMAN: 2 DAYSWK (6 hrs. total) for light carpen try, yd. wk., errands. Car required. Hours flexible. Rate negotiable according to skills. Call 929-7529. IBM-PC: NEED PERSON to set up hand disk, solor printer interface problems, install programs (luts 123 etc) Experi ence necessary. Rate negotiable call 929-7529. AMITY LSATGMATMCATGRE Seminars. Our guaran tee: Score in top 25 or take the next course free. Call toll free 800 243-4767 for schedule and free brochure. for rent FEMALE GRADUATE STUDENT ROOMMATE wanted for Immediate occupancy. 1 bdrm, private bath Plnegate Apart ments rent $180.month Vi utilities, Oct. rent free. Call Sheryl 489-4838. FEMALE ROOMMATE NEEDED TO share three bedroom Bolimvood Apt. beginning Nov. 1st! Share large master bedroom with private bath and phone. 195month plus Vi utilitiescable. Call 942-8036. WE NEED A NON-SMOKING female to share large bed room in nearby apartment. Nov. 11 occupancy.' 1125 In cludes utilities. Can 933-5733 or 933-5744. NEED A PART-TIME JOB? Student Part-Time Employment Service may have a job for you. SPTES offers a free service to students both graduates and undergraduates We have job listings for a number of on and off-campus jobs in a variety of categories. Stop by the SPTES office, Suite D Carolina Union any time Monday-Thursday from 1-4 pm. FOUND-ONE LADIES NECKLACE on Oct 10 on Cameron Ave. Call Sandra 962-1120. HELP! MY WALLET WAS stolen Frl. around 11:30 am. It has all my ids., membership cards, pic, etc. Keep S but please return my identity. It's tan leather. CaB Cheryl Hales 933-6187 Thanks! ROCK CRYSTAL, CYLINDRICAL, 2xVk. At Talking Heads, on the floor. Probably not worth money, but sen timental value? if you know anything, call Peter, evenings. 9684)652. ASTHMA SUFFERERS - EARN 75 fa aa EPA Breath lag Stady oa the UNC caatpos. To qaattfy yoa amst be saaie. 18-35. with otrreatly active aethssa. For asore lalorsaaHoa please caB 966-12S3.lateatday-IMday.aV5. ABORTION TO 18 WEEKS. Private and confidential GYN facility with Saturday and evening appointments available. Pain medication given. Free Pregnancy Tests. 942-0824. FURNISHED ROOM TO SUBLET ki 3-br Carrboro apt. November and December. Washer, cable. S95 'A utilities monthly. 942-2605 or 929-5109 after 2:30 pm. Ask for Dwain. personals OVERSEAS JOBS SUMMERYEAR round. Europe. S. Amer.. Australia. Asia. All Fields. 50O-$1200 monthly. Sightseeing. Free info. Write IJC Box 52-NC-l Corona Del Mar. CA 92625. HAPPY BIRTHDAY? TIRED OF baUooae. cookie Bonetere, or flowers? Have the Oefaaagers wish it for yoa atasicaily. S15.0 oa casapaa. $20.00 off caaipas. CaB 967-7352. D.J. FOR PARTIES, REUNIONS, weddings, dances, plg pickin's. Excellent references & experience fiver 25,000 records & 300 parties since 1975 Jimmy Pharr 469-2594. wanted CHILD ABUSE WILL ENSUE if I do not find two Clemson tickets for Mom nd Dad! Please help! Call Steve: 933-9134 after 7:00 p.m. NEED TWO GUEST PASSES or tickets for Clemson game lor friends coming all the way from NY. Call Janice after 7:00 pm at 967-9462. Thanks! The Curriculum for Dental Hygiene wilfhave an OPEN HQUSE on' Wednesday October 26 from 11:00 am- 2&)0. 1 All interested stu-p dents are inviied to" comer rriet with faculty and stug dents and- tour the Dental School. For more info: 966-2800., 3 mm m vim Graft Q: What is one of the cheapest and most firmly comfortaDie mattresses around? A: Th Pm-I-ov-- Q: What mattress also folds into a sofa to sit, read and relax on? Q: Where can you go to get a locally made quality Futon mattress? Franklin St, h A- a "Helping you think it through" Birth Control Free Pregnancy Testing and Counseling Treatment of Sexually Transmitted Diseases Annua! GYN ExaminationJ Completely Confidental Fees Based on Income 9 rjcJf parenthood V r-i of orange county 101 v lung St. Hillshurough, N.C. 732-6161 942-7762 HAPPY BIRTHDAY TO THE little girl from Stem! We love ya, Robbin! Ellen, Judy, Missy, Monica, Anne Marie, Patricia. HEY BAND SQUAD 22 Tamara and Esp. REN EE Thanx for a super B-Day it will be one which I will always remem ber. Thanx Phil Roactt. SUSAN-HAPPY ANNIVERSARY HONEY! Thanks for a great beach trip this weekend. It topped off a terrific year. I'm looking forward to many more. I Love You. . .BUNCHES II Chip. TEO LITTLE SISTER RUSH begins 9r00 Taeaday. 1025 with a wtaa and cheese party at the aoese (216 E. Rosemary). For asore Informatioa, call 929-7027. X-6 HAD A BLAST! How much, sex, love, and passion can we fit into one weekend. I Love Youtl 4446D. WHO'S OUR FAITHFUL "BUDMAN"? Who wears the nvat tasirful turtlenecks In town? Who keeps florists In their place? Stewme! Moo, arf. olnk. We love vou! (VC; .WHO HAS N.Y. STYLE ronNFn rffp m t -r 'V a a -a lir m- il ae 4 it AND HOT PASTRAMI? BFNTLEYS DELI ?! y of course! H EASTGATE 929-5848
Daily Tar Heel (Chapel Hill, N.C.)
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Oct. 24, 1983, edition 1
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