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* BEST BUYS III B> BATE BANK 10.5% Simmons First National Rm Mnin Q? on nnv oono w if mill Ul. U UUA UUUO Pine Bluff, AR 71611 12.9% Horns Plan Savings PO BOX 7390 Des Moines, IA 50309 14.9% Security Savings Bank 301 W. Michigan Ave. Jackson, Ml 49201 15% Northeast Savings 50 State St. Hartford, CT 06103 Credit card holders urging lower rates a NfcW spate of state legislation is threatening to ignite a fire under creditcard issuers that have been reluctant to lower their rates, according to the latest issue of Consumer Digest. Political pressure by consumer groups has led to legislators in 22 states filing a bill to cap annual percentage rates on credit cards. ^ MOST PROPOSED laws want to link credit-card rates with Treasury securities of the Federal discount rate. Peonlp nnnluino fr\r " , >e> 1 w I vlVVtll vol US '4\J not have to live in a particular state; once capped rates are in effect, banks may aggressively seek cardholders. CONNECTICUT RECENTLY passed a law which has spurred a marketing war among state institutions for out-ofstate customers. Rates dropped to the 12-to-16 percentage range after a law forced a cap on finance charees ? Legislatures are reacting to public clamor over the decline in bank interest rates that is still not reflected in credit card rates. CRKDIT CARD holders pay a national average of 18.6 percent on unpaid balances after 25 to 30 days. Credit card legislation on the federal S( ? I Applications for 2 Editor-in-chief of The Gamecock lit for Spring 1987 are available in Russell House 313 8 Deadline for applying is November 21 , ******** m sn The Gamecock 2 THE GAMECOCK is the student newspaper of the University of South Carolina and is published three times a week on Mondays, Wednesdays and Fridays during the fall and spring semesters and weekly | 2 on Wednesdays during both summer see- . . slons, with the exception of university | g 9 holidays and examination periods. ^ ? Opinion* expressed in THE GAME- 2<J COCK are those of th? editor) and not __ those of the University of South Carolina. 36 The Board of Student Publications and Communications is the publisher of THE GAMECOCK. The Student Media Department is the parent organisation of THE GAMECOCK. Change of address forms, subscription requests and other correspondence should be sent to THE GAMECOCK, Drav/er A, University of South Carolina, Columbia, S.C. 29208. Subscription rates are $18.00 for (1) ysar, 18.00 per fall or spring semester and < 98.00 for both summsr sessions. Third class postage paid at Columbia, B.C. I THE GAMECOCK is a licensed student " organisation of the University of South Carolina and receives funding from stu> dent activity fees. I TELE TYPE GRACE FEE PHONE j PER. 501- Variable 25 days $22.50 541-1000 515- Fixed 25 days $21 2*38149 517- Fixed 25 days $12 787-9700 800- Fixed 30 daws S9fi NES CALL level, however, has been shot down by banking interests and legislators. A BILL that sought to cap finance charges was defeated in mid-September in a House subcomittee. An unrelated piece of federal legislation ? tax reform ? may encourage the marketing of lower-rate cards. State HMO price wars lead to financial losses PHrc wars mou Ko nn? T,V I.mjr vv UIIV iva^wil 11IUM of South Carolina's health maintenance organizations have suffered substantial financial losses, officials said. David Dodge, senior vice president of the South Carolina Hospital Association, said HMO rates have been too cheap. "What the HMOs didn't anticipate was the intense competition that resulted from their initial low pricing," he said. "We have had intense competition rioht r\ff ' > ? *D1I? VII HIV i/au ill 9UUIC 111stances, the HMOs ignored their own actuaries' recommendations in setting rates." Reports filed with the insurance commission show that, as of June 30, seven of the eight HMOs licensed in South Carolina incurred losses ranging from several million dollars for the larger companies to several hundred thousand Duthern Womens Servi Serving The Aree Since 1973 1 Abortion Services Family F & Counseling Birth Co 1 Problem Pregnancy Trained Counseling Speakers ' Pregnancy Testing & Civic "Pergonal Contact With Someone Who Ca 4-Hr. Answering Service 254 4368 or Toll Free 1-800-922 9750 1614 Two Notch Rd. Columbia TO: ALL ENGINEEI STUDENTS Engelhard Corporation cordially invites all Engineer USC to attend a meeting of The National Society of Bli DATE: Monday, November 2 TIME: 7:00 pm PLACE: USC Campus Room s the Capstone House Engelhard is a world leader in technology relating to p and specialty chemicals. We are committed to the d undergraduate and graduating seniors in chemical, mechanical engineering disciplines. We look forward and being on the USC campus. jyICSELHJft hi?in l?IBIIIIIIIIIII AST, QUALITY FILM DEV 14-HR. EXPRESS - or F YOUR CHOICE ! Exp. Prints - $2.99 i Exp. Prints - 13.64 i Exp. Prints - $5.17 txp. Prints - *7.4Z 24 Hr. Express FRI Back -or- i The Next Day in Ti p'ffuiuMi Tmi; CORNELL ARMS 846 Sumter St. Money ? dollars for the smaller, newer HMOs, it "Trade retalialio was reported Thursday. on a product-to pr( said. Health maintenance organizations He explained tha are popular in South Carolina because tion of its textile inc of fixed premiums, low co-payments, foreign restrictioi and the fact that they cover more ser- American textiles, i vices than traditional insurance plans. retaliation will 01 HMO members usually do not incur other product. large out-of-pocket expenses no matter how often they use medical services. The one thing tli "I would say that every HMO, in my Arpan said, is som< opinion, is troubled," said Chief In- "1 think it would b surance Commissioner John Richards. no retaliation," he "You can't lose money and not be Ryan Amacher, troubled." University's Collcg ? Industry and a ie> , _ was not sure ret alia .1 textile bill were oas I . O ? T \~j~ p" "*p I L- EE S Amachcr said if the 1986 textile bill &h>t' Ay no reason tor reta ' The legislation call '' legal levels of impc 'ol" cutbacks ? '? ^ . jm legal limits have n< / Uliffn the Reagan achnini a. ; k : .> . ' . , r % South Carolina i< IC;^< ' ' ' .j ". k:-: exporting states, tnimmliif fffinf17Mil(tuipilill would harm the si f ^ ^ r-Sv than it would those $ 'Mi' /k ? /%/1 volvcd in exporting 1 About 780 of / tT? K manufacturing con 1 ?. . A exporting, said Jol I x |w ( "J 01 mternational bi I L1 I ?'* l'1c ^,a,C '^cvc'c ( /Qo&& *3 ' About 90 perc ??????1????1 manufactured cxp from large compa SC economists predict reduction in exports sp ?hat m difficult for the si Economists at USC and Clemsoti hurt the export pi University say the state's exports could economic developn be reduced if Congress passes textile or general trade protection legislation and South Carolina's m other countries retaliate. totaled $1.7 billion However, Jeffrey Arpan, director of the largest figures international business programs at U.S. Commerce Di USC, said it was difficult to determine That total ranks which exports would be hurt. nation in cvnnnin, - WM,~. ntrol Services jnnJr ^ tT'ftlriMH Counselors 8 tta/JBm i for Schools Groups t?|HSil JIMBBMBI ing students at ^RTVV|jT|f|VS^j^|f7TV3 ack Engineers: 4 It ' Y- ;; '-'l[l{" metals evelopment to meeting you !n;i', imp ELOPING I |N|R|n|HM REE 5x7 Double I - ? ;;;U $ 3.95 $ 4.84 BSPSnW^TOWTiS $ 7.33 $10.30 PBf" IE 5x7 - ^ v-;v^ frack i 799-1696 n is not always done Business iduct basis," Arpan # p . . tSrielcase t while U.S. protceust ry could result in i 011 exports of LuVagai'm^somc usc sponsors conference I lie 1985 F'ull flitlr?r?k C~"r\nfnrfrtf-f al can be expected, sponsored by USC, will focus on type of retaliation. economic development from both nac foolish to assume tional and regional perspectives. said. The annual conference, which will dean of Clemson feature economic forecasts for the na^ of Commerce and tion, the Southeast, the Palmetto State tile expert, said he and Columbia, will be held from 2-5 lion would occurif a p.m. Nov. 25 in the Daniel Managcscd. ment Center of USC's College of Business Administration. cgislation similar to Admission is free were passed in 1987, _ * liation would exist. ! McUonald's beats out mom I ed only for existing rts to be enforced. McDonald's now serves 11 pcrccnt of would require "a all dinners eaten in the U.S. and 30 perin imports because cent of all dinners eaten in American >t been enforced by quick service restaurants, according to >tration, he said. McDonald's corporate report. The figure is more than twice that of not one of the large the nearest competitor and means over ncaning retaliation 3 million Americans eat their evening ate's exporters less meal at a McDonald's restaurant each in a state heavily in- day. the state's 4,4(X) Coca-Cola Co. selling stock jj cerns are ivolvcd in n Patrick, manager Coca-Cola Co. is selling $1.6 billion isini:>5. ucvciupmeni 01 tncir stock in Cola Enterprises, a pmcnt Board. group of Coke bottlers that covers 38 percent of the country. :nt of the state's The move is likely to be the largest orts, however, arc U.S. initial public offering, but critics nies with 1,0(X) or say the deal may be the financial ic remainder is from equivalent to 1986's new Coke fiasco, cs that export + * akes exporting more Manufacturing on the rise nail businesses will )3ture of the state, Manufacturing is increasing in South i lent officials said. Carolina, according to an October survey by the Economic Research anufactured exports Department of the Federal Reserve in 1983. Those arc Bank of Richmond. available from the Of the state's manufacturers respon:partment. ding to the survey, 64 percent reported | the state 24th in the increases in shipments and 57 percent reported increases in new orders. ^ WHI^?