state/nation/world
Senate votes no to taxing of interest
By JIM LUTHER dy, president of the American Bankers party lines, the Senate had defeated a Dem. K'aKwSS
Associated Press Writer Association, hailed the vote and said the ocratic effort to simply repeal withholding ha Forms 1099 \o try to catch 91-5 to block withholding and to impose
WASHINGTON (AP, The Senate voted . SintSi
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But because Congress is expected to take are convinced the president will accept the Internal Reve P in c o me from investments. The House voted 382-41 for repeal on May
several more days to complete the repeal, new compromise. ..... ’ n The substitute would require withholding Withholding on interest and dividends was 17.
Treasury Secretary DonaW ment e on tteSenate vote, according to Sheila at a2O percent rate on people who had more approved last year as part* 3f 0n the final 864 vote y esterda y> Sens>
backed substitute for withholding. And on a nation, chiefly by measures to open U.S. be F a,s ® d ‘ . t g bank c0 „ ld would loot savings accounts. But unless a Absent were Sens. Joseph Biden, D-Del.,
48-41 vote, the Senate did just that, stiffening markets to their products and his plan for Social COU “ personTs cheating on taxes now, withhold- Ru dy Boschwitz, R-Minn„ Alan Cranston,
reporting requirements on interest and divi- wooing businesses into slums and other sloo penalty P than 5Q & year for D . Calif i Barry Goldwater, R-Ariz. John
dends and strengthening penalties on those blighted areas. Also attached is a provision, Starting ..’..j 3 , a re t urns the each $1 000 of savings. Heinz, R-Pa., Jesse Helms, R-N.C., Daniel
who fail to comply. - opposed by Reagan, whichS Sngress was inundated by more than 22 K. Inouye, D-Hawaii, Charles Mc.C Mathi-
The Senate was acting under pressure permanent a tax exemption for bonds used bank report : Form 1099 they c V 6 B demanding repeal. as, R-Md., Jim Sasser, D-Tenn., and Robert
from the banking industry and many of the to subsidize first-time homebuyers showmg how much interest and diviuenus mi H ouse leaders originally Stafford, R-Vt.
country’s 22 million savers. William Kenne- Earlier, on a 51-46 vote primarily along they were paid. -
Andropov elected
hew president
the Soviet Union
By ALISON SMALE
Associated Press Writer
MOSCOW Communist Party chief Yuri V. Andropov became
president' of the Soviet Union yesterday, tightening his grip on P°wer in
the Kremlin and completing his acquisition of the late Leonid I. Brezh
-1 pres[dency°had been vacant since the death of Brezhnev last
November, and it was believed that a there was a political struggle in t e
Politburo to settle the question of the presidency. Twoi days after
Brezhnev died, Andropov was named general secretary of the party, the
country’s most powerful position. ■ .
In May, Andropov took over as head of the Soviet Union s military
council, the other major post held by Brezhnev.
Nominated by Konstantin U. Chernenko, the man thought to be his chief
Politburo rival, Andropov was elected unanimously by the 1,500 deput
of the Supreme Soviet,, or parliament. The body, which meets semi
annually, always gives its approval unanimously.
Chernenko, who was a close associate of Brezhnev and reputedly the
late party leader’s chosen successor, said it was “expedient for the head
of the Communist Party also to be president.
The president is head of state and although little formal power goes
with the position, the title makes it more appropriate m terms of protocol
for him to meet with world leaders. • , . .
The 69-year-old Andropov, who has looked increasingly frail m recent
public appearances, walked slowly but unassisted to his seat.in the
Supreme Soviet. On winning election, he stood to acknowledge loud
applause and made a brief acceptance speech.
Brezhnev had become Communist Party leader when Nikita S. Khrush
chev was ousted in 1964, but it was not until 13 years later, in 1977, that he
took the presidency from Nikolai A. Podgorny.
Swift and sure though Andropov’s rise has been, he is not thought to
have an unrestrained power in the party, which essentially rules this
nation of 280 million people
Andropov addressed the Sumpreme Soviet on Wednesday, reiterating
the need for increased discipline and efficiency watchwords of his rule
so far in Soviet society.
Many Western analysts in Moscow were surprised that the Politburo
membership remained unchanged this week at 11 members, its lowest
strength in years. The Politburo is the party’s governing body.
**■
♦
Slre.t ,n N.J. co.ps.d ~ "
yesterday when the second story ot the tavern sank to ground level after water of police, those in the building fled without injury.
,~ .. "~►
The Daily Collegian
Friday, June 17, 1983
■. state news briefs : ;-.v; v: :
Pitt tuition will increase 9.5%
PITTSBURGH (AP) A new budget adopted by the University
of Pittsburgh will increase tuition 9.5 percent for undergraduate
students and 20.8 percent for first-year medical students.
The $336.7 million budget is an increase of $17.4 million, or 5.4
percent, over last year’s budget of $319.3 million. It includes salary
increases of $6.6 million, about 4 percent, plus increases in fringe
benefits of 2 percent.
The budget hikes semester tuition fees for undergraduates by
$2lO to $2,210, the lowest increase at 9.5 percent. First-year medical
students are hit the hardest.
The university said the budget, approved on Wednesday, is
contingent upon the $79.7 million state appropriation recommended
by Gov. Dick Thornburgh.
Senior Vice Chancellor Jack Freeman said the university has
imposed “significant reductions (totaling about $2.1 million),
especially in administrative support programs and certain aca
demic areas.”
Pumping station may be constructed
PHILADELPHIA (AP) Bucks County Commissioners are
mapping their strategy against the proposed $5O million Point
Pleasant water pumping station,, now that a judge has removed a
legal roadblock.
Commissioner Andrew Warren said he and other coriimissioners
hope to meet with the county’s legal staff and develop a course of
action by Monday, when work' at the controversial project is
scheduled to resume.
Possible options include dismantling the Neshaminy Water
Resources Authority, or appointing authority members who are
opposed to the project, Warren said.
In a hearing yesterday, Commonwealth Court Judge Robert
Williams said he lacked jurisdiction to hear a suit by two Montgom
ery County water authorities that sought to bar Bucks County
officials from interfering with state permits issued for the project.
U.S. factory production recovering
WASHINGTON (AP) The nation’s factories operated at the
highest level in 15 months and housing starts hit a 3‘/-year peak
last month as the recovery spread throughout American industry,
government figures indicated yesterday.
A third report said that the broadest measure of U.S. foreign
trade showed a $3.05 billion deficit in the first quarter of the year,
down from $6.6 billion in the final three months of 1982.
Officials at the Commerce Department; which compiled the
foreign trade report, have said they expect the deficit to to
$2O billion for 1983. They say this is because the slower pace of the
rebound abroad will mean slower growth in U.S. exports than in
imports and the strong dollar will make American goods more
expensive to U.S. trading partners.
Senate to give members 15% raise
WASHINGTON (AP) The Senate voted 49-47 yesterday to give
itself a 15 percent pay increase to the $69,800 a year earned by
House members, while delaying for six months tough new limits on
income from moonlighting.
After a week of sometimes bitter debate, the Senate decided to
raise its annual pay of $60,662 by $9,138 effective July 1.
But begining Jan. 1,1984, senators’ earnings from speeches and
similar sources would be limited to 30 percent of salary, or neai ly
$21,000 under the new pay schedule.
The 435 House members have operated under similar limitations
for more than a year, but senators are better known, and thus able
to attract more speaking invitations.
The pay raise amendment was attached to a $15.8 billion
spending bill for the rest of fiscal year 1983, which now goes to a
House-Senate conference committee
House negotiators on the committee are almost certain to accept
the change because it brings the Senate into conformity with the
House’s own pay schedules.
Chilean miners begin illegal strike
SANTIAGO, Chile (AP) Workers at a copper mine began an
illegal strike yesterday, protesting the arrest of their union leader
with a walkout scheduled to spread through all four mines produc
ing Chile’s most important export product. But other unions
refused to join the miners’action. .
The government copper monopoly, Codelco, said it dismissed 550
employees at the Salvador .mine for taking part in the 48-hour
strike, a test of workers’ willingness to confront President Augusto
Pinochet’s iron-fisted rule.
Hugo Estivales, vice president of the copper workers confedei a
tion said about 80 percent of the 3,200 unionized employees on the
day shift at the mine in northern Chile were on strike, including 97
percent of some 600 underground miners.
The company disputed this, saying 3,400 were supposed to work
the shift, 2,850 showed up, and the remaining 550 were fired under a
law banning strikes not related to collective bargaining.
Protest marks riots' 7th anniversary
SOWETO, South Africa (AP) Black protesters clashed with
police yesterday after a church service marking the seventh
anniversary of the Soweto race riots. Police sprayed the blacks
with tear gas and the crowd broke up into roving bands, burning a
bus and stoning cars.
A priest said police broke into the church and arrested more than o 0
blacks who had remained behind in the Regina Mundi Roman
Catholic Church, locked the door and raised the flag of the outlawed
African National Congress. The congress is the mam guerrilla
movement trying to overthrow the white-minority government.
One policeman suffered facial cuts, police said.
Elsewhere in South Africa, shopkeepers in black districts closed to
varying periods to mark the anniversary of the start of the worst
racial violence in South Africa’s recent history. But despite fear of
widespread trouble, no other organized demonstrations or violence
were reported.
Market holds
steady advance
. NEW YORK (AP) Stock
prices staged another strong
advance in heavy trading yes
terday, extending Wall
Street’s latest bull-market
surge.
The Dow Jones average of
30 industrials, up more than 51
points in the last five trading
sessions, rose another 11.02 to
1,248.30
The average’s 10-point gain
on Wednesday carried it past
the previous closing high of
1,232.59, which was reached on
May 6.
Volume Shares
144,164,050
Issues Traded
1,968
Unchanged
• NYSE Index
97.94 + 1.10
• Dow Jones Industrials
cp 1,248.30 + 11.02
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