2The Daily Tar HeelFriday, January 30, 1987
Firm gives
eiectronsc
billboard
By ROBERT KEEFE
Business Editor
UNC got a little closer to Wall
Street Thursday following the dona
tion of a Teletrade, an electronic
stock market billboard, to the
School of Business Administration.
. The Teletrade, donated by Wheat,
'. First Securities, was presented to the
school after a brief ceremony by
Robert E. Bratcher, vice president
and manager of Wheat's Durham
office.
.. "I see the teletrade as a living
window on the world of investment,"
said John P. Evans, dean of the
School of Business Administration.
Evans accepted the equipment on
behalf of the School.
"It's rather exciting to have this
new technology . . . especially since
we do teach a number of classes in
investment," Evans said.
The Teletrade is directly tied to
the New York Stock Exchange and
carries the same information as the
equipment on the floor of the
exchange on Wall Street.
Information on trades comes into
the UNC Teletrade about three
seconds after the trade occurs.
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Professor Richard McEnally discusses the School of Business' new electronic link to Wall Street
Rally
Bratcher said.
The Teletrade was purchased in
a package with other equipment by
Wheat, First Securities, and a
specific price was not available,
Bratcher said.
"But if (an individual were to
purchase one for himself, it would
from page 1
probably cost around $2,600,"
Bratcher said.
Wheat also paid for the instal
lation of the equipment, and will
continue to pay for its maintenance.
The Teletrade is one of ten Wheat
is donating to area colleges. Other
colleges receiving the .Teletrades
include Duke, Wake Forest, Univer
sity of Richmond, William and
Mary, Virginia, George Mason,
Virginia Commonwealth, James
Madison, and Virginia Tech.
Wheat, First Securities, is a
financial services and investment
banking firm with more than 50
offices in the mid-Atlantic and the
South.
Kidnappers threaten to kill
Americans if U.S. attacks
From Associated Press reports
BEIRUT, Lebanon Moslem
kidnappers said Thursday they
will kill four men seized last
weekend if U.S. military forces
attack Lebanon. They released a
picture of an American captive
with two automatic rifles held to
his head.
The hostages threatened with
death are three Americans and an
Indian abducted Saturday at
Beirut University College.
Anglican Church envoy Terry
'Waite remained out of sight for
the 10th day. He is negotiating
with the captors of two Ameri
cans held since 1985.
In Washington, Secretary of
State George P. Shultz said
Thursday there are "strong ties"
between Iran and the kidnappers
and he ruled out any deal to win
the captives' freedom by dropping
prosecution of a Lebanese terror
ist suspect.
Shultz said of the shadowy
groups claiming responsibility for
abducting three Americans and
eight other foreigners in Beirut:
"It is our basic information that
with whatever names may emerge
they are to a substantial degree
linked together."
"And we also observe some
Mews in Brief
very strong ties to Iran," he
added.
Marcos' return, coup thwarted
MANILA, Philippines
President Corazon Aquino on
Thursday ordered the prosecu
tion of soldiers and civilians who
took part in an attempted coup
and said the "gravity of the crime"
was not lessened by their peaceful
surrender.
The government also said it
thwarted an attempt by former
President Ferdinand E. Marcos
to return to the Philippines from
his exile in Hawaii.
Reagan sent Bible to Iran
WASHINGTON After
months of silence, the White
House confirmed Thursday that
. President Reagan signed a Bible
sent secretly to Iranian officials,
but said it was nothing more than
an "isolated, insignificant
matter."
"It's in the paper (pictures of
the Bible), and I'm glad to con
firm it for you," said spokesman
Larry Speakes.
Parking
from page 1
the campaign with meetings in
January to raise interest in the issues
of tuition hikes and federal aid cuts.
It is an open committee, designed
to attract between 400 and 500
people who will speak out against
threats of cuis in aid to students, he
'said.
: Dickinson described student dem
onstrations in France earlier this year
as a standard for UNC students to
follow, because both groups are
fighting to preserve access to their
country's universities, he said.
Hassel told the crowd that acces
sibility also referred to handicapped
barrier removal something the
General Assembly hadn't funded at
all since 1982.
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UNC's parking problem, she said.
Among them are increasing the
number of shuttle buses picking up
people at outlying parking areas,
improving the condition of the
parking lot near the Physical Plant
and extending the hours students are
allowed to park on campus.
"We'll see either a modified
version of Chapel Hill Transit or a
University-sponsored shuttle sys
tem" within two years, she said.
The "P" lot two miles north of
campus will be lighted and paved,
she said. The lot is convenient
because it is served by Chapel Hill
Transit buses.
And parking permits that will be
valid after 5 p.m. may soon be issued,
she said, because students don't like
having to relinquish their parking
spaces when they go out in town
during the evenings. But this change
in permit regulations is not yet
certain, she said.
Democrats favor budget plan
By SHARON KEBSCHULL
Staff Writer
Democratic legislators reacted
favorably to Gov. Jim Martin's
support of the Basic Education
Program in his two-year budget
proposal but were hesitant to com
pletely endorse the budget Thursday.
"The budget represents a ringing
endorsement of many Democratic
initiatives, for which I am pleased,"
said Lt. Gov. Bob Jordan in a
prepared statement. "1 am concerned
that he did not propose to fully fund
the basic education plan and 1 am
committed to finding ways to do
that."
The budget includes a $357 million
increase in public school funding
under the BEP, plus funding
increases to ease prison overcrowd
ing, expand anti-drug abuse pro
grams, hire 100 new state Highway
Patrol troopers, and repair and
construct state buildings. It also
proposes a 4.5 percent pay raise for
state employees and begins statewide
implementation of the Career
Ladder Plan.
The budget cuts state funding for
indigent women's abortions, from
$924,500 per year to $200,000. It also
changes the eligibility requirements
so that the state would pay only for
abortions coming from rape or incest
cases or when a woman's life is in
danger.
State Sen. Tony Rand, D
Cumberland, said he supports the
increase in prison funding.
"It's no question (that it's neces
sary)," he said. "If we don't do that
we stand the risk of the federal courts
coming in to take over."
But some Democrats expressed
concern over the revenue estimates
Martin used.
"The administration also has used
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inflated estimates of revenues and
has reduced the resource balance
which has traditionally been used to
allow for any downturn in the
economy," said Jordan.
Much of what the legislature
decides will depend on the latest
revenue projections when it convenes
Feb. 9, Rand said. The governor's
projections are higher than the ones
he last saw, he said.
Rand also said he was not sure
he would support the hiring of 1 00
patrolmen.
"It's a question of priorities," he
said. "We need more highway patrol
men, but when you start adding
additional personnel, it gets expen
sive quickly."
The Career Ladder Plan, which
Martin wants to start in 1988-89, is
set up to increase the pay of deserv
ing teachers. Some Democrats have
said that the program, which" is being
tried experimentally in some school
systems across the state, needs its
problems worked out before it is
implemented statewide. ,
Martin also proposed to postpone
spending for remedial summer
school until 1988-89. Democrats are
not likely to allow him that, Rand
said, because they feel the program
has been postponed enough already.
"I am greatly concerned about
delaying the summer school pro
gram," he said. "It's my understand
ing that many of those who go to
summer school would not go if it
weren't for the program."
Martin set out his proposals at a
meeting Wednesday of the Advisory
Budget Commission, which agreed
to review them and meet again Feb.
6, three days before the legislature
convenes.
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