'Prelude to a Kiss' failed as a romance Page 5 .4 i'ti av s .st . t e , 4 p.1 ni 0 " One hundred three years of editorial freedom I I Greenspan to rein in economic expansion? WASHINGTON (AP) - For President Clinton, the economic news could hardly be better - the fastest 0 economic growth in six years, declin- ing federal deficits and the best infla- tion performance in two decades. But the big question is whether Federal Reserve Board Chairman Alan Greenspan is about to step in and play the Fed's traditional role of party pooper. Many economists believe that the central bank is about to start boosting * interest rates to slow economic activ- ity and keep inflationary pressures from getting out of hand. Greenspan was scheduled to give the Fed's assessment of the current state of the economy to a congres- sional committee today, the first time he has done so since July. In addition, Fed policymakers will meet Thurs- day and Friday this week to review their interest rate policies and set tar- gets for money growth for the new year. Many analysts believe that the central bank is preparing to do some- thing it has not done since 1989 - raise interest rates to dampen eco- nomic growth - and that Greenspan could set the stage for that change during his congressional appearance. "There's a widespread opinion on Wall Street that the Fed will have to tighten at some point, perhaps soon," said Bruce Steinberg, an economist at Merrill Lynch in New York. "If the Fed actually wants to do that, Greenspan is going to have to start explaining why." That is certainly an explanation the Clinton administration would like to hear. The administration has made low interest rates the centerpiece of its economic program and sees no reason that with inflation remaining low, that situation has to change soon. When the government reported Friday that the overall economy, as measured by the gross domestic prod- uct, expanded at a six-year high of 5.9 percent from October through De- cember, the administration was quick to point out that one-third of that growth came from special factors. It noted that very strong auto pro- duction and a rebound from the Mid- west flood had together added about 2 percentage points to GDP growth. Officials said they still believed that the economy in 1994 would grow at a steady, but much slower pace, of around 3 percent, very close to the 2.9 percent growth turned in for all of 1993. And administration officials took pains to point out that the fourth quar- ter growth spurt was accompanied by inflation increasing at its second-slow- est pace in 26 years. Arafat sa y s accord liely ona aza Strip AP PHOTO * Israeli and PLO negiotiators clear oajor hurdeis, with size of Jericho the only remaining issue DAVOS, Switzerland (AP)-- Is- rael and the Palestine Liberation Or- ganization will reach a final agree- ment "very soon" for Israeli with- drawal from the Gaza Strip and Jeri- cho, PLO leader Yasser Arafat said yesterday. Israeli Foreign Minister Shimon Peres stopped short of any predic- tions on the arduous negotiations, but Egyptian Foreign Minister Amr Moussa told reporters that the PLO- Israel talks had cleared all the major hurdles. "We would like to have a compre- hensive peace," Peres told a privately organized gathering of political and business leaders from around the world. "Let's, Mr. Chairman, stop the follies of our own generation," Peres added in a speech that steered clear of specifics. Peres told reporters, however, that many differences remained to be re- solved. Among major issues are security arrangements for the new Palestinian areas that will meet Israeli demands for keeping out terrorists while not infringing on the Palestinian sense of sovereignty. Moussa, who has been actively involved in the negotiations here, joined Arafat in taking an upbeat view of prospects. He announced that he expected both sides in Cairo soon to sign their accord, which he said was almost final. Later he told reporters the signing would be within 10 days. "This really is the final stage," he said, adding that all the major issues had been resolved and only some "fi- nessing" remained. The issue of secu- rity was resolved by an agreement that would keep Israeli agents from being visible, Moussa said, appar- ently referring to suggestions that they would be behind one-way mirrors. Israel Radio cited Egyptian sources as saying the only remaining issue was the size of Jericho, and that there would be joint Israeli-Palestin- ian patrols in Gaza, apparently refer- ring to securing roads to Jewish settle- ments. After both sides reported a good start Saturday night and possible agreement by midday yesterday, the Israelis started emphasizing the many areas of disagreement that must be addressed before Israel will agree to pull its troops out of the areas to be ceded to the Palestinians. "We are on our way to bypass all the ob stacles which had been raised in the last weeks ... to have very soon, very soon the final agreement to start directly the implementation of the peace agreements," Arafat told the forum. "We are still working," Peres told reporters. Both leaders told the businesslead- ers of the need for investment in the Middle East to build a stable economy that will enable peace to endure. Arafat said the Palestinian areas would have a free-market economy, and a U.S. official noted that Washington was inviting business leaders to a discus- sion Feb. 7-8 to piromote investment in the Middle East. Peter Ktamka, a 1990 University graduate and modern perfume baron, poses next to an assortment of his products. U alum turns team loyalties into big business B RANDY LEBOWITZ DAILY STAFF REPORTER Some time ago, Peter Klamka walked past a perfume counter in a department store when an idea popped into his head. "Wouldn't it be cool to put the Michigan logo on a fragrance?" Klamka, a 1990 University gradu- ate, said he never imagined that his thought would sell almost 100,000 bottles of perfume a year. "Had I not gone to Michigan, I probably would not have conceived of the product," he said. Currently, Klamka's company, "Wilshire Fragrance," is marketing colognes for 14 universities, includ- ing Michigan. Each school has a dif- ferent fragrance named after its sports teams. "Victors," the Michigan scent, is the only title not named after a team mascot. Ann Marie Frank, manager of the M-Den in Yost Ice Arena, said people often jokingly ask if the "Victors" scent smells like a locker room. But Klamka described the Michi- gan scent as "light, citrusy, contem- porary." To ensure that each school's prod- uct is unique, Klamka said his com- pany must vary the scent, its intensity and the ratio of oil to alcohol in the product. And while the colognes are not targeted at a specific consumer, Klamka asserted that teenage boys are his largest customers. "They come to the (perfume) counter and see so many choices that they don't know what the connotation is. They are already wearing the Michigan trademarks on hats - it's a safe choice," he said. After teenage boys, university al- ums are Klamka's largest group of consumers. "It's mostly for the big football fans that come in and have everything a fan could want, and they top it off by spraying on some cologne," Frank said. But even at $24 in campus and department stores, Klamka said "Vic- tors" is not his best seller. 'Seminole' is the top-selling per- fume. It's because of the success of the Florida State football team," he said. "You'll see schools not doing well and it will definitely affect sales." And while the men's colognes are keeping him busy, he is preparing to introduce his first university scent for women dedicated to his alma mater.- "Around the Mother's Day, gradu- ation season I'll have the women's version of the 'Victors' product," he said. Klamka added that it will have a floral undertone. Klamka said his company hasn't had to advertise as much as he had originally anticipated. He thanked "word of mouth" for that. Recently, Klamka has been ap- proached by various other companies to manufacture scents named after their product line. He said General Motors has contracted him to create scents for their sports car trademarks. The new scent for men and women, "Camaro," will be released to Chevrolet Dealers on May 1. Cur- rently, Klamka is working on a fra- grance for the Corvette. Klamka said he has even been asked by the marketing people of the Rush Limbaugh talk show, to create a scent for Rush fans named "The Right Scent." But with no pun intended, Klamka commented, "I'm not rushing into that." Bills lose No. 4,30-13 ATLANTA (AP) -The Dal- las Cowboys are champions again and the Buffalo Bills are the kings of the Super Bowl flop. The Cowboys and the Bills both made Super Bowl history yester- Pots scramble. for Ford's House seat LANSING (AP) - There's noth- ing like an open seat -- especially one at the federal level -to trigger a political chain reaction. One incumbent's decision to re- tire or seek another office can send political careers spinning in different directions all the way down the line. For instance, U.S. Sen. Donald Riegle's Sept. 28 announcement that he wouldn't seek a fourth term prompted U.S. Rep. Bob Carr to think about a Senate bid. Former Gov. James Blanchard, now the U.S. ambassador to Canada, was doing the same thing. That led Carr (D-East Lansing) to put his Sen- ate exploration in low gear. Then Blanchard reluctantly de- cided last week that he couldn't leave his ambassadorship after only five months, even though he would have become the front-runner for the Demo- cratic nomination. So now Carr has revved up his e'fforts tofind ut if he can ge tnough fir" 7 $ ri s's... . ' ,. _ _ SAPAC to search for volunteers U.S. Senator from Michigan * State Sen. Lana Pollack (D) ® U.S. Rep. Bob Carr (D) * Prosecutor Carl Marlinga (D) 2 Ex-U.S. Rep. Bill Brodhead 13th Congressional District * Rep. Dianne Byrum (D) 8th Congressional District * Dick Chrysler (R) * Jon Schall (R) Stabenow (D-Lansing) means her dis- trict won't have an incumbent run- ning this year. That had state Rep. Dianne Byrum (D-Holt) looking at running for Stabenow's seat instead of seeking her third House term. But she said Friday that she's now exploring a TS m me rarpirae n * By JUDITH KAFKA DAILY STAFF REPORTER In a yearly call for volunteers, SAPAC members will be visiting over 60 groups and classes next month to inform students about their volunteer programs. The Universitv's Sexual Assualt "Ideally we'd like to get as many people as are qualified," said Emberly Cross, SAPAC's phone-line coordi- nator. Being a qualified volunteer at SAPAC, however, means more than merely expressing interest. Because the center deals with sensitive and women. Volunteers accepted into the pro- gram participate in extensive training sessions before they begin taking calls. The peer education program also requires training. Volunteers in this program work in pairs -usually one male and one female - within the