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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Oct. 20, 2000)
Greenspan keeps eye on surge in energy prices THE ASSOCIATED PRESS WASHINGTON — Federal Reserve Chairman Alan Greenspan said policymakers will keep watch on surging ener gy prices to make sure they don’t spoil the nation’s economic good times. On Wall Street Thursday, stocks were recovering some of Wednesday's losses. By late morning the Dow Jones indus trial average had gained 88 points and the Nasdaq index added 172. While the recent surge in oil prices, which hit a 10-year high of $37.80 in September, has not produced higher overall infla tion, Greenspan cautioned that risks remain, especially given the “political difficulties” in the Middle East "Even though the intensity of oil consumption is markedly below where it was 30 years ago, it still has the potential to alter the forces governing economic growth in the United States,” Greenspan said Thursday in remarks to a monetary policy conference. "Policy-makers will need to be on the alert for oil-driven, indeed energy-driven, risks to our expansion,” Greenspan said. When crude-oil prices spiked last month, President Clinton announced that he would tap the government’s emergency petroleum reserve to help offset soaring prices. November crude futures, which had pulled back nearly 10 percent this week following a surge sparked by Mideast vio (Oil consumption) still has the potential to alter the forces governing economic growth ..." Alan Greenspan __Federal Reserve chairman lence, gained 49 cents to $33.48 a barrel in trading on the New York Mercantile Exchange Wednesday. Greenspan said that in the short run, oil prices are heavily influenced by inventory levels. Those levels have dropped sig nificantly since decisions by the Organization of the Petroleum Exporting Countries in 1998 and 1999 to cut production by more than 3 million barrels a day. Since that time, OPEC has boosted production to what are now record levels, but Greenspan said hoarding by worried distributors and con sumers may be limiting the impact of the increased produc tion. "In the short run, the price of oil, as that of all commodities, inevitably is influenced impor tantly by inventory levels, espe cially when stocks become criti cally short,” Greenspan said. Energy prices shot up 3.8 percent in September, the biggest advance since June. In the first nine months of the year, gasoline prices rose at an annual rate of 22.4 percent and heating oil costs at an annual rate of 49.4 percent. Even with these increases, Greenspan noted, "To date, the spillover from the surge in oil prices has been modest.” The Federal Reserve has raised interest rates six times since June 1999 to slow the economy and stave off inflation. Greenspan did not directly dis cuss the future course of inter est-rate policy in Thursday’s speech. The Fed on Oct. 3 passed up the chance to raise rates for a seventh time, but cautioned that the increase in energy prices "poses a risk of raising inflation expectations.” In a separate speech, Fed board member Laurence Meyer said Thursday that soaring oil prices, while contributing to short-term inflationary pres-. sures, are likely to decline by spring. “If the expectations in futures prices for oil prove cor rect, we may soon be treated to an extended period of decline in oil prices,” Meyer said. Despite higher energy prices, consumer spending has remained firm, Greenspan said in his remarks. Generally, when consumers have to shell out more for more expensive gaso line, heating oil and other ener gy products, they have less to spend on other items. The U.S. economy is in its longest-ever streak of uninter rupted growth, with unemploy ment at a 30-year low and infla tion largely in check. Even before last week’s esca Alex Wong/Newsmakers Federal Reserve Board Chairman Alan Greenspan addresses the 18th Annual Monetary Policy Conference on Thursday in Washington. Greenspan said policymakers will keep watch on surging energy prices to make sure they don't spoil the nation's eco nomic good times. lating violence in the Middle East, oil price pressures had been strong, Greenspan said. “This largely owed to the possibility of a politically driven removal of a significant part of Iraq’s 2.5 million to 3 million barrels a day from global mar kets at a time when there exists so little available world excess capacity to replace it,” Greenspan explained. Greenspan also said that growing federal budget surplus es have been important sources of national savings, reducing upward pressure on long-term interest rates. He wondered whether that would continue. “I believe most of us harbor doubts about whether the dynamics of the political process, some of which have been on display in the current budgetary deliberations, will allow the surpluses to continue to grow.” Greenspan also noted the strong surge in productivity growth, which has helped to keep inflation in check. But as in the past, he cautioned that the strong productivity growth rates experienced in recent years inevitably will slow. Keeping secrets top-secret is aim of State Department effort THE ASSOCIATED PRESS % WASHINGTON - Paper shredders, State Department employees are told, must trim classified documents down to slices no larger than 1/32 inch by 1/2 inch. Disposal also can be achieved, they are advised, with machines that that can “pulverize” secrets into powder. Safes stor ing sensitive materials must weigh at least 500 pounds-too heavy to be carted off. James D. Tromatter makes these points tirelessly in briefing after briefing as part of the State Department’s intensified efforts to keep employees security-con scious - and secret materials away from unauthorized eyes. Since May, about 9,000 employees have heard the message from the amiable yet no-nonsense Tromatter, who gave up his Army career four years ago to become a security expert at the State Department Attendance is mandatory. The goal of Secretary of State Madeleine Albright is to end a string of security lapses plaguing the department, the result, many in Congress believe, of a culture that is inattentive to security requirements. There was the case of the Russian spy operation a year ago that involved use of a sophisticated eavesdropping device planted in a seventh-floor conference room. The Russian who got caught listen ing to the device outside the State Department was sent packing last December. Who planted the device remains a mystery. More significant is the case of the lap top computer with highly classified infor mation that disappeared around Feb. 1 frorp a conference room in the depart ment’s Bureau of Intelligence and Research. It was alleged to have contained highly classified information about arms proliferation issues and about sources and methods of U.S. intelligence collec tion. The lapses left Albright feeling “humil iated.” At a meeting of State Department employees, she dispensed with the ambi guities so common to her trade. “I don't care how skilled you are as a diplomat, how brilliant you may be at meetings, or how creative you are as an administrator, if you are not a professional about security, you are a failure,” she said. Less than three weeks'later, Itomatter began his briefings, which consist largely of reminders: Top secret material is always covered by a special sheet that identifies it as such. Use red “secret” labels on com puter disks that have been used on classi fied computers. To hand-carry top secret information requires a top-secret clear ance. Copying of top secret materials must be carried out by a “top-secret control offi cer." Secret and confidential materials can only be copied on designated machines. Since the briefings began, Tromatter says, reports of infractions are down by about 20 percent Tromatter, a native of Williamsburg, Va., says the most common security infraction involves leaving a classified document uncovered on a desk. He says that of the various threats the State Department faces, none is greater than what he calls “sigint,” or signals intel ligence. It involves the intercept by unau thorized persons of classified materials sent by facsimile or telephone. The security lapses did not go unno ticed on Capitol Hill. “It is obvious that the department lacks a professional environment that is sensitive to security concerns,” said House International Relations Committee Chairman Benjamin Gilman, R-N.Y. Said Porter Goss, R-Fla., chairman of the House Intelligence Committee, “There is not suf ficient awareness, or sufficient attention, 7 don’t care how skilled you are as a diplomat, how brilliant you may be at meetings, or how creative you are as an administrator, if you are not a professional about security, you are a failure.” Madeleine Albright U.S. Secretary of State to security” at the department It hasn’t been easy for Albright to over come these perceptions. Not long after her speech to department employees, Sen. Rod Grams, R-Minn., a member of the Senate Foreign Relations Committee, complained that six foreign service offi cers nominated for ambassadorships had committed a total of 62 security infrac tions, including one with 22 on his record. To Grams, it seemed hard to reconcile Albright’s warnings about the need for vig ilance with coveted promotions for peo ple not always attentive to security issues. Grams held up the nominations for months but then allowed them to clear the Senate after extracting further conces sions from the State Department on employee accountability for infractions. In September, the quest for increased security consciousness suffered another setback. The U.S. ambassador to Israel, Martin Indyk, was stripped of his security clearance after he was alleged to have removed classified briefing books from his office, among other infractions. Three weeks later, the security clear ance was reinstated because Albright felt Indyk was needed to deal with the ongo ing violence between Israelis and Palestinians. But there was no halt to an investigation into his supposed wrongdo ing. Congress kept up the heat on the administration this week by approving a bill that subjects government employees to up to three years in prison for willfully disclosing nearly any classified informa tion. The bill was passed despite warnings that it gives the government a blank check to criminalize any leaking it does not like. ■ 0m ■ (402)472-2588 $5.25/15 words 0 M 0^ pp| FAX: (402) 472-1761 $3.50/15 words (students) I dn@unl.edu $0.15 each additional word 1 $0.75 billing charge $0.75/line headline Deadline: 4 p.m. weekday prior 200s far salt Mining Engineers Handbook for sale. Editor, Robert Peeks. 2nd Edition. Publisher, John Wiley and Sons. Call 484-5102. Leather A-2 jacket. Cooper, dark brown, size 42. Like new. Call 489-5539. Brother Word Processor Two years old, hardly used, in great shape. Co mes with monitor, key board, diskets, printer. Price: $50 obo. Perfect for students! Call 325-9643. IBM, Dell, Compaq, Toshiba Laptops. Prices from $295. 30-Day Warranty visit www.usedlaptops.com. $120 buys 4 matching wicker chairs, super funky cool! 560-5003. Entertainment Center and Computer Desk for sale. Taking best offer. Call (402) 742-6105. Full and Queen size mattress sets. New and in plastic. Never used. 10 years warranty. Retail for $439 and $639. Sell for $165 for the Full, Queen $195,477-1225. BARTENDERS MAKE $100-$250 PER NIGHT! NO EXPERIENCE NEEDED! CALL NOW!! 1-800-981-8168 ext. 9073. Burton Has arrived. Cycle Works is stocking Burton boards, boots, bindings and clothinq. Don’t wait for the snow to fly, come check out the new Bur ton products. Close to campus, 27th & Vine. 475-2453. New (still packed) 10-cup drip coffee maker (was $45, now $19), two chairs, women’s clothing (size 10,12,14), kitchen utensils, hair dryer, and many others for low prices. Call 325-9643. dallyneb.com Hand painted, mouth blown Christmas glass, new, personally brought from the Czech Repub lic, 75% cheaper than in shops. Call 325-9643. Surplus City Scooters, camoflauge, airsoft pistols, jeans and much more. 3241 South 13th. 420-5151 Work from home, $25 an hour part-time to $75 an hour full-time. 1-888-570-4848. rich esbeginhere.com. May 2000 captive born Jungle Carpet Pythons for sale. Contort Justin Meeker 474-0805. CU vs. NU Nebraska fans living in Colorado need four tick ets! Please call Lisa at 970-346-7338. Desperately need 4 tickets together for Baylor game. Call Amy at 476-3108. KSU/NU Student Ticket for Sale. General Admission. Stu dent ID Card Included. Asking $500 OBO. Call anytime 785-317-2345. KSU-NU tickets. 2 on 50 yard/4 rows up. 2 on East side. Ctiairback with club lounge. Non-student. $550 each. 913-227-0577. Need 2 validated tickets to NU/CU to impress PSU pal! Melissa, 1-888-SWIDMAIL, ext. 8437. NU vs. Baylor Need two tickets. Call Amy at 464-8148. Two Nebraska Baylor Football tickets. East Sta dium, Sect 9 Row 46. $120 for students or $160 validated for public use. 438-7697 or twegner30bigred.unl.edu. ‘91 Red Ford Tem'po 4 doors. Full Power, Air, AM/FM/Stereo, 52K miles, auto, clean vehicles history. $2500 OBO. Clean, excellent condition! 438-8315. Must see! 1988 Caviler Z-24 Convertible. 1986 Olds Cut lass Supreme. Good School Cars. 402-781-2932, rdtoddOnavix.net. 1990 Nissan Sentra $800obo rough body. Good engine. Need to sell fast. 327-9633. 1994 Mazda Protege DLX. Excellent condition, A/C, PS, cassette. 4 door $3,450. 483-4887. ‘89 Honda Accord LXl. 4 door, automatic, cas sette. 140K $4,750 OBO. 499-7099 or 483-7039. ‘95 Tercel, 2-door, auto, $3950. ‘93 Protege, 4-door, 5 speed, $3250. ‘91 Protege, 4-door, 5 speed, $2350. Others available. Baer's Auto, 1647 South 3rd. 477-6442. 1995 Ford Probe. Black, leather, sunroof, p/w, p/I, a/c, Cd, 5spd. $6500 OBO, 464-3474. Perfect college car! '96 Miada Convertible, mid night bule, 5 speed. Excellet condition. 53K. $10,850.489-8777. Sell your CAR or TRUCK with pictures FREE on the internet at www.ezcartocator.com. 300s Servlets Attention Need 31 people who seriously want to lose weight. Great business opportunity. Flexible hours. Call (402)730-3745 or 1-888-390-5645. TIGER COACHING AND PERSONAL TRAINING Nothing is ever achieved that stays in a dream. Take action! www.tigercoaching.com Calculus homework? Check it for FREE! Get any derivative ... step-by-step ... with each step explained ... 24/7 ... automatically ... www.calc101.com, Auto Accidents & DWI Other criminal matters, call Sanford Pollack, 476-7474. Auto Accidents/DWIs And all other criminal and civil matters, call Franklin E. Miner, 423-4417. Automobile Accidents Call Dean Law Office, 17 years insurance claims experience, 435-2424. DWI/MIP/POSSESSION And other legal services. Free initial consulta tion. Savarda & Klaasmeyer, 477-4520. Cycle Works Don’t put your Dike away just yet. The expert mechanic staff is waiting to tune up or upgrade your bicycle with the newest and greatest part. Expert repairs on all makes and models with quick turn-around time. Close to campus, 27th and Vine. 475-2453. For all your insurance needs: auto, home, health, life and business, call Jim Wallace at American Family Insurance, 1340 L St., Lincoln, NE 68508 or call 402-474-5077. Internet Users Wanted! Students: Earn possibly $20-$120/hourly while surfing the internet. E-mail mem berservices@giodesignz.com, leave postal ad dress for packet today! Omaha Camera Show October 21 & 22.10am-4pm. Holiday Inn Cen tral. Ford Hall. 72nd & I-80. (New site). 402-558-9473. Free Pregnancy Test Birthright is a'confidential helping hand. Please call for appointment or more information, 483-2609. Check out our website www.birthright.org. 400s Housing 1 female needed to share 2 room apartment $282/month + 1/2 deposit + 1/2utilities. Call 325-9474.__ 1 roommate. 2 bedroom. East Campus. Male/Female, $250 + utilities. 465-0608. 1-2 N/S for 5 BR, 2 bath, 2 kitchen house. Southeast of UNL. A/C, utilities paid. $250/month. 477-9865, leave message. Female nonsmoker to share 3BR apartment, $175/month+ 1/3 utilities. Call 476-1159 or 472-6364. Male to share three bedroom newer home in southeast Lincoln. Many extras. 421 -0977 leave message. Male/Female roommate wanted to share 2 bed room apartment, 17th and M St, $225/month, 1/2 electric, phone, and deposit. Call Jerry at 435-0192 or 476-0111. dn@unl.edu Phone: 472-2588 M/F 3 bedroom close to campus $210 + 1/3 utilities. October paid, call 477-4837. Non-smoker to share townhome. $325 plus half utilities. Washer/dryer. Off-street. Graduate pre ferred. 474-0471, ___ Non-smoking female roommate needed. $253 plus deposit. Washer/Dryer. Less than 10 min utes away from campus. 474-0007. Roommate wanted to rent basement of a house. $250 + 1/3 utilities. Available now. Call Melissa at 310-0730. Leave a message. Pets o.k. SEEKING RESPONSIBLE INDIVIDUAL TO SHARE 2BR APARTMENT. SECURITY EN TRANCE, OFF STREET PARKING, WASH ER/DRYER INCLUDED. $282.50/MO + 1/2 UTILITIES. PLEASE CALL 438-9345 AND LEAVE A BRIEF MESSAGE WITH NAME/NUMBER/TIME TO BE REACHED. CALL 730-RENT! OR 430-9415 ♦ 3 bedroom. 2 Bath. Available November 1. 738 Y Street. $750. ♦ 3 bedroom. 2 bath. Available November 15. 1627 N. 14th. $700. ♦ 5 bedroom. 3 bath. Available January 1. 2304 U Street. $1,000. ♦ 5 bedroom. 2 bath. Available January 1. 935 New Hampshire. $1,250. ♦ 3 bedroom, 1 bath. Garage included. 1228 North 25th. $750. 1024 Y Street, 4 bedroom, W/D, walk to class, off-street parking, very nice, available 12-1, $800. 440-8046, 440-2248. Four bedroom near stadium. Central air. Wash er/dryer included. Lawn mowed. $650 489-9294. Open today 9am-9pm, 2GW0 E. Gorgeous 2-story, 4 bedroom with new carpet. N/S, N/P, $745 or $795with garage. 477-8525. Open today 9am-9pm. 924 South 23rd. Gor geous 3+bedroom with new carpet and paint. N/S, N/P, $695. 477-8525. $780. 1135 North 32nd, 4 bedroom, 2 bath. Pictures at www.geocities.com/webwinters. 580-1121. 874 S. 45th. Large, 2bdr duplex. Washer/Dryer, Garage parking, NS/NP, $545, opt. short-term lease. Showing Sunday October 22, 2-4pm. 489-0769. 3601 Baldwin. 2BR, fireplace, parking, laundry. $445. 430-6719 or 486-0405. Deluxe 4 Bedroom/2 Bath 2701 N. 37th. Near new. Between Campuses. Low Utilities. Washer and drier included. No Pets. Available January 1. $995.474-5327. ***Close to City Campus*** 2 bedroom, electric-entry building,^439.00 & up. 475-7262. ***Efficiency Apartments*** Close to City Campus Water, Heat, and Gas Paid Available now. Call 477-4490. 1 Bedroom, 2338 E St., mostly graduate stu dents, appliances, ceiling fans. Reserved park ing, no smoking/pets, $275. Call 432-3686. 2 bedroom, modern, $400/month. 508 South 25th, off-street parking, new carpet, leave mes sage, 483-2357. Two 2-bedroom condos for rent in historic Hay ward Place. Within walking distance from down town UNL campus. All appliances, secure build ing, 12’ ceilings, parking and on site laundry. Available now. Call 421-2316. Leave message. 1810 H Street/Secure Bldg. 1BR/5-plex. $410 plus electricity. Includes utilities/cable. Balcony, laundry, parking.. 488-6707, 450-8895. ★ Unique 1 BR ★ Heat/water/trash paid. Appliances, dishwasher, blinds, 3 closets, breakfast bar, central air, pati o! parking, Indry, $365, 1121 N. 28th St., 402-489-4857. One, two, three bedroom apartments available. 438-0946. ■* i(