The Michigan Daily-Wednesday, September 22, 1982-Page 7
Economic growth up, but
bankruptcies also rise
WASHINGTON (AP) - The nation's
economy is inching ahead for the
second quarter in a row, government
officials contended yesterday. But
skeptical private analysts said the new
estimates, even if true, wouldn't add up
to recovery from the year-long
recession.
The Commerce Department's "flash
estimate" of economic growth in the
still-unfinished July-September quarter
projected a gain at an annual rate of
just 1.5 percent; following a revised
April-June pace of 2.1 percent, officials
said.
A WHITE HOUSE spokesman called
the new estimate "encouraging," but
neither he nor other administration of-
ficials would go so far as to predict
Hundreds
robust recovery soon.
The economy had reeled to declines
at annual rates of 5.3 percent and 5.1
percent in the final quarter of 1981 and
the first three months of this year.
Two straight quarters of growth after
such a downturn would normally be
considered a strong sign that recession
had ended and expansion had begun.
White House spokesman Larry Speakes
made just that point in a meeting with
reporters.
In addition, interest rates fell sharply
yesterday, sparking a big rally in the
stock and bond markets.
IN SEATTLE, a group of private
economists said they expected the
economy to follow a course of steady
killed in
improvement over the next year,
although the recovery should be slow.
But Dun & Bradstreet's ed-
conomics division reported that
business failures climbed to 657 last
week, a 68 percent increase from the
similar week last year. That pushed
the total for the year through Sept. 16 to
17,502, eclipsing the post-World War II
record for a full year. The old record
was 17,075, set in 1961.
This year's failures total, with more
than three months to go, already is the
highest since 1933, when nearly 20,000
business were reported to have failed.
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El Salvador floods
Daily Photo by DOUG McMAHON
It's all the rage
Hula-hoops may be long gone, but hacky-sak is on its way in. From left to right, students Chip Davis, Marci Levine,
Kate Sullivan, and Greg Johnson play the popular game.
SAN SALVADOR, El Salvador
(AP)- The death toll from floods and
mud slides set off by torrential rains
climbed to 489 yesterday in El
Salvador's worst natural disaster in 17
years.
Green Cross Director Roberto Cruz
said his rescue teams had recovered 250
bodies from the Montebello section of
northeast San Salvador, where flood
waters from the slopes of the San
Salvador volcano crashed through a
retaining wail before dawn Sunday,
burying hundreds of houses under ten
feet of mud.
CRUZ SAID he believed 1,000 to 1,500
people died in Montebello, the hardest-
hit area. A Defense Ministry
spokesman described the estimate as
"a little exaggerated."
The heavy rains began Thursday, and
stopped Monday.
More than 1,500 rescue workers were
digging through piles of rubble at Mon-
tebello. Officials said entire families
were lost and that it will take 15 days to
dig out the area.
The government declared a state of
national emergency Sunday after heavy
rains loosened tons of mud from
hillsides and volcanos. Cotton and
sugar crops have been wiped out in
many areas.
THE GOVERNMENT set aside
$320,000 to provide foot, shelter3and
medical aide to an estimated 30,000
homeless people.
The flooding is the worst natural
disaster since a 1965 earthquake that
killed 2,000 people.
Lebanonc
Moslem leaders had boycotted the
Aug. 23 election in opposition to Bshir
Gemayel, the slain Christian warlord
whose private army has had a long and
* bloody feud with Lebanon's Moslem
-militias and rival Christian factions.
PHALANGIST militiamen loyal to
Gemayel have been blamed by the
Israelis for the massacre last week of
hundreds of Palestinian civilians, most
believed to be Moslems, in two west
Beirut camps.
But Saeb Salam, Lebanon's elder
statesmen, led his fellow Moslems in
the near-unanimous support of Amin
Gemayel seven days after his brother's
assassination by a bomb.
1 ects new president
Gemayel represents but one faction Palestinians at the Sabra and C
of the nation's Christians, who were camps in Beirut last week.
united in the 1975-76 civil war but later
fell into murderous political and family No one has claimed responsibi
feuds. Bashir Gemayel's death..
DIVISIONS among the Christians,
who have dominated Lebanon IN DETROIT yesterday,
politically and economically since it Christian and Jewish demons
became independent in 1943, are as staged a 16-hour anti-Israeli sit-in
much a problem for Gemayel's gover- offices of Sens. Donald Riegle an
nment as the rift between Christians Levin.
and Moslems. About 40 people began their v
Christian animosities may have the 18th floor of the downtow
played a role in the assassination of Namara Building at 4:30 p.m. M
Maronite Christian President-elect to protest the massacre of hund
Bashir Gemayel - Amin's younger civilians at two Palestine refuge
brother - and the massacre of ps in Lebanon.
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THURS.-6:30,8:20, 10:10
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Israel rejects investigation
(Continued from Page 1)
Palestinian population was believed to
be about 90 percent Moslem and 10 per-
cent Christian.
PORAT ALSO told The Associated
Press the government was waiting for a
full report on the massacres from army
investigators and then would decide if it
would accept a high-level inquiry.
But Cabinet Secretary Dan Meridor
said the Cabinet rejected President
Yitzhak Navon's call for an Israeli in-'
vestigation of the slaughter last Thur-
sday and Friday at the Sabra and
Chatilla refugee camps. Maridor said
only that the government would discuss
"the manner to conduct an appropriate
examination into the facts."
President Yitzhak Navon, a
ceremonial head of state, made a rare,
foray into government affairs Monday
when he said on radio and television
that Israel owed it to itself and the
"civilized world" to make a complete
accounting. He had no response
yesterday to the Cabinet decision.
"EVERY reasonable government
would have done it, conducted an
inquiry for its own sake," said Labor
Party spokesman Yossi Beilin. Amnon
Rubinstein, head of the two-man Shinui
faction, said the government had
proved it "does not want the truth to be
revealed."
InWashington, the State Department
said Israel must shoulder responsibility
Cops ticket
. errant bikers
(Continued from Page )
"I do not like to see the police enfor-
cing on State Street. If (a bicyclist) is
at Albert's and he wants to go to State
Discount, he's not going to go around
the block," Pendleton said. State Street
runs one way from Liberty Street to
William Street. "I walk my bike, per-
sonally, and that works, but most
people don't," he added.
Pendleton said a State Street bike
path may be built within two years.
i
for the murders. Spokesman John
Hughes said Israel had "assumed
responsibility for military control of the
Beirut, and these events did happen
during that period when Israel assumed
military control.
"If you assume military control of an
area, you are responsible for what hap-
pens there."
AT THE CHATILLA camp, Red
Cross spokesmen said 84 more bodies
had been recovered from the rubble
bulldozed by the marauders over their
into slayings
victims. This pushed the confirmed toll
to 204, but the spokesmen said many
more corpses of men, women and
children were still buried.
Israel has blamed Maronite Christian
Phalangist militiamen loyal to the slain
Gemayel for the two-day rampage.
Lebanese officials said the killers were
from the militia of renegade Lebanese
army Maj. Saad Haddad, a Greek
Catholic whose militias are
predominantly Christian but include
some Shiite Moslems from Lebanon.
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