Reagan: 'Star Wars' still necessary
By TERENCE HUNT
AP White House Corresondent
WASHINGTON, D.C. President Reagan
said yesterday the Soviet Union may be
planning “a breakout” from the Anti-Ballistic
Missile Treaty that the United States would be
“totally and dangerously unprepared for”
without his Star Wars missile defense plan.
Reagan made his statement in a speech to
conservatives a week before his summit
meeting with Soviet leader Mikhail Gorbachev
in Washington. His remarks underscored
Reagan’s determination to push ahead with the
Star Wars program despite objections from
Moscow and congressional attempts to restrict
it.
Administration officials have defended
spending billions of dollars on Star Wars to
offset what they say are comparable amounts
Steak out
Two unidentified hunters took a seat on Seven Mountains overlooking the Hunters took down a record-breaking 39,000 bucks during the opening day
reservoir as they waited for deer yesterday, the first day of buck season, of Pennsylvania’s antlered deer season, authorities said.
Dow Jones
By RICK GLADSTONE
AP Business Writer
NEW YORK The dollar tumbled to record
lows and stocks skidded violently yesterday,
yanking the Dow Jones industrial average down
more than 76 points in what traders called a scary
reminder of the epic crash six weeks ago.
Waning confidence in the U.S. commitment to
cut its huge budget deficit, coupled with anxiety
over inflation and fresh fear that intractable Third
World debts could cripple the global economy, all
contributed to a painful, albeit much less
destructive, replay of Black Monday, Oct. 19.
“It doesn’t look like anything’s coming together
in the stock market. It looks like everything’s
coming apart,” said Robert Brusca, chief
economist of Nikko Securities International Inc. in
New York. “It’s just a gradual erosion of
confidence that’s occurring."
The Dow average slid from the opening bell on
Wall Street and ended the day with a 76.93-point
loss to 1,833.55, the eighth-worst point drop in the
Essence editor unveils PSU magazine
By KIRSTEN LEE SWARTZ
Collegian Staff Writer
Challenge yourselves wherever you
feel most vulnerable, a native of
Harlem and the current editor-in
chief of Essence magazine advised
students embarking on their own
journalistic endeavor last night.
Susan L. Taylor, editor of Essence
a black issue-oriented and fashion
magazine arrived on campus late
last night for the unveiling of Mahog
any Magazine , a publication designed
by the Black Caucus’s Communica
tions Committee.
“I challenge you to take the legacy,
to pass it on,” Taylor said to moijp
than 200 students in the Paul Robeson
Cultural Center. “I challenge you to
move forward with that power vested
in you.”
With those words, Taylor moved
across the stage to unveil Mahogany
Magazine's banner. The red poster
depicted two black dancers beside the
continent of Africa. The words “Ma
hogany,” and “Destined for Great
ness” were written across the
continent’s outline.
the
daily
the Soviets have spent in secret on their own
missile defenses. U.S. officials fear that the
Soviets might suddenly “break out” of the
ABM treaty by deploying all over their nation
large numbers of the type of anti-ballistic
missiles the pact allows them to station near
Moscow.
Gorbachev, in an interview broadcast by
NBC News, acknowledged that the the Soviets
are engaged “in research, basic research”
similar to the Star Wars program, also known
as the Strategic Defense Initiative (SDI). He
said the Soviet Union “is doing all that the
United States is doing” to defend against
nuclear attack.
However, he said, “We will not build an SDI.
We will not deploy SDI and we call upon the
United States to act likewise. If the Americans
fail to heed that call, we will find a response.”
The White House had no comment on
plunges to record lows
history of the bellwether index, though nowhere
near the historic 508-point dive of Oct. 19. At
midafternoon, the average had been down 110
points.
Broader market indices also dropped
drastically. Stocks falling in price swamped rising
issues by an 8-to-l margin on the New York Stock
Exchange, where trading volume totaled 268.91
million shares, the heaviest flow in a month.
The value of all U.S. stocks fell by $93,039 billion,
according to the Wilshire Associates 5,000 Equities
Index.
“This, on a smaller scale, is reminiscent of
Oct. 19,” said William Veronda, a portfolio
manager for Financial Programs Inc., a Denver
based investment firm. “We have financial crises
breaking out all over.”
Like the situation that preceded the October
crash, Veronda said, a number of events coalesced
Monday to produce an anxiety attack, dominated
by concern that Congress will reject a $76 billion
deficit-reduction compromise reached last month
“That is so right,” Taylor said.
“(Mahogany) is destined for great
ness. It cannot fail.”
The magazine was initiated last
summer by Roceania Williams, stu
dent editor-in-chief. “It is designed
by black students as a medium of
communication for black students,”
Williams said.
Mahogany’s first 13-page issue in
cludes fashion, essays, poetry and
artwork, as well as advertisements
from downtown businesses.
“The first issue is a reflection of
issues, concerns and interests to the
black student men and women,”
Williams said.
She emphasized that Mahogany is
not confined to Black Caucus, but
plans to utilize the talents and inter
ests of all black students.
Taylor called Mahogany a “mag
azine targeted to (black students)
and produced by (black students)."
She mentioned, as well, the impor
tance of the Caucus’s newsletter, The
Drum.
“They’re both your drums,” Taylor
said. “You can’t rely on other people
to tell you your story.
Collegian
“Ask yourselves, ‘what do your
students need to be empowered?,’ ”
Taylor said. “If it doesn’t move black
people foward it shouldn’t be in Ma
hogany."
Williams said 500 copies of the
magazine will be distributed in areas
around campus, including the Robe
son Center and the Caucus office. She
said eventually the committee would
like to expand, distributing to the
Commonwealth Campuses.
Taylor said, “We’re the first gener
ation to be up off our knees in this
land .. We’re the first generations
who can choose to make a dance of
our life or a dirge. It’s about opening
a book or closing it . . . The continu
ing pain in black America is depen
dent on our inertia.”
Taylor has been editor-in-chief
since 1978, and was fashion and beau
ty editor in 1971. Focusing on black
people, issues and events, Essence is
in its 17th year of publication, with an
800,000 circulation and a 3.7 million
readership.
“Here I stand with all these titles.
But something is hurting in here,”
Taylor said pointing to her chest.
Gorbachev’s interview. However, tentative
plans are being made for Reagan to be
interviewed by network anchormen, perhaps
as early as Thursday but possibly later, to set
the stage for the summit.
Administration officials also are expected to
be made available for network interview
shows.
Meanwhile, the White House said it was
unlikely the summit will produce any
breakthrough in U.S.-Soviet negotiations for a
50 percent reduction in strategic nuclear arms,
the most potent weapons in the superpowers’
arsenals.
Presidential spokesman Marlin Fitzwater
said, “The progress of the START talks
(strategic arms) is at such a state that it seems
unlikely that we would want to extend (the
summit) for any reason.”
Gorbachev is expected to end the summit
despite exhaustive wrangling with President
Reagan.
Hardening his stance on the deficit reduction,
Reagan told business leaders Monday in
Washington that he would insist Congress approve
the entire package, saying “a partially
implemented deal is no deal.”
Other destabilizing elements in the market
included an apparent lack of international
coordination to defend the dollar’s value, fear of
higher interest rates and intensified concern that
debt-ridden Third World countries will act more
forcefully to limit or perhaps repudiate their
repayment obligations.
“It seems Japan and Europe have realized the
deficit compromise isn’t a workable
compromise,” said Joseph Barthel, a senior vice
president at the Philadelphia investment firm
Butcher & Singer Inc. “They’re more concerned
that things are just getting out of control here."
The impact was felt acutely on foreign exchange
and metals markets.
Taylor, who said she edits the mag
azine with only a high school diploma,
has returned to college to undertake a
triple major.
“There’s a war for your mind and
you’ve got to win that war. You’ve got
to know who you are and why you are
here.”
Susan L. Taylor
with a news conference. Reagan will not hold a
news conference, Fitzwater said. However,
Reagan is expected to sum up the summit in a
speech, as he did after his two previous
meetings with Gorbachev.
Beginning next Tuesday, Reagan and
Gorbachev will hold three days of talks in
Washington. Their meeting will open with the
signing of a treaty to ban intermediate-range
nuclear missiles the first accord ever to
eliminate an entire class of atomic weapons.
Reagan, speaking at a luncheon at the
Heritage Foundation, said negotiations to cut
strategic weapons by half have made progress,
but that “we must never be afraid to walk away
from a bad deal.”
He said the Soviets “must stop holding
strategic offensive missile reductions hostage
to measures that would cripple our research
and development” of Star Wars.
Consul speaks on
S. African struggle
By JILL JESIOLOWSKI
Collegian Staff Writer
It is a mistake to oversimplify
South African strife as a matter of a
white minority who imposes its views
on a black majority, said a white
South African deputy consul-general
last night.
Daniel G.M. Fourie said there are
many differing ideologies, religions
and financial pressures which come
into the struggle to end apartheid.
Fourie will return to South Africa at
the end of this month after a four
year position at the South African
Consulate General in New York.
Fourie said he hoped to clear up
several misconceptions about apart
heid for the audience in 111 Boucke as
part of a public lecture series pre
senting a range of views on South
Africa. This series is part of the
“South Africa Today” course taught
within the Black Studies Program by
Donald Rallis.
Fourie said it is not simply a black
versus whim problem. There is an
immense range of views within each
racial group, he said citing the Afri
can National Congress, the United
Democratic Front, tribal authorities
and interest groups such as the fol
lowers of Bishop Desmond Tutu as
examples.
Fourie said there is disagreement
within the black community and divi
sions within the government.
“The entire political process re
quires a balancing of the left, right
and the middle,” he said.
Fourie said another misconception
is that white South Africans espe
cially the government do not want
change. He said the government has
to find a solution, and it will go as far
as necessary to find a solution.
Fourie said the violence must end,
however, and talk from all sides is
necessary for reform.
“There will be nothing left to liber
ate if the violence continues,” he
said.
He said reform is not only doing
away with a set of laws; he said it
requires a change of attitudes all
around.
Fourie said it is a myth that all
blacks are downtrodden and impov
erished. He cited the emergence of a
black middle class that has surpassed
whites in spending power. He said
blacks have been targeted more and
Game tickets available
By STEVE SAMPSELL
Collegian Sports Writer
Students, get ready to rock Rec Hall.
Less than 1,000 student tickets still are available for tonight's men’s
basketball game against 19th-ranked Oklahoma, according to officials
at the Rec Hall Ticket Office.
Ticket distribution will continue at the Rec Hall Ticket Office and the
Beaver Stadium Ticket Office at 8:30 this morning. All seats for the 9
p.m. game are reserved. Two tickets will be issued upon presentation of
a valid student ID.
A limited number of public general-admission reserved seat tickets
$5 for adults and $3 for youths and senior citizens can be
purchased.
Normally, students can attend games by presenting their IDs at the
door. However, the advance purchase ticket policy is in effect for the
Oklahoma game for the convenience of the students, according to
officials.
weather
This afternoon mostly cloudy with a few flurries, high 37. Later today and
tonight, cloudy and breezy with a period of snow, some accumulation
possible, low 27. Tomorrow, morning flurries then variable cloudiness and
cold, high only near 30 Ross Dickman
Tuesday, Dec. 1,1987
Vol. 88, No. 98 18 pages University Park, Pa. 16802
Published by students of The Pennsylvania State University
©1987 Collegian Inc.
more by industry which, in turn, has
played a substantial role in black
advancement programs and trade
unions.
Audience members differed in
opinion, saying the South African
government has made no progress.
Others said change is evident.
South Africans are not like Ameri
cans, Fourie said, and the two socie
ties cannot be compared so easily. He
said there are different peoples and
different ideologies between the two
nations.
Economic sanctions that foreign
countries place against South Africa
hit blacks harder than whites. Fourie
said. For example, when Kodak
closed its South African plant, white
management had an easier time find
ing employment than the black labor
ers, he said. The number of foreign
firms has decreased from about 350 to
160 and black unemployment has
risen from 8 to 15 percent, he said.
Fourie said the Sullivan principles
a code of conduct for businesses
that have plants in South Africa
are beneficial to blacks. Economic
sanctions reinforce extremes, he
said.
Fourie born and raised in Cape
town, South Africa will return to
the South African foreign embassy
where he will work with the United
States and other countries imposing
sanctions on South Africa.
Please see related story, page 12.
AP Laserphoto
Ronald Reagan
Collegian Photo / Cheri Slalman
Daniel Fourie