Editor’s note: This article was initially published in The Daily Gazette, Swarthmore’s online, daily newspaper founded in Fall 1996. As of Fall 2018, the DG has merged with The Phoenix. See the about page to read more about the DG.
The Daily Gazette
Swarthmore College
Wednesday, December 2, 1998
Volume 3, Number 54
NEWS IN BRIEF
1) World news roundup
2) Campus events
SPORTS IN BRIEF
1) Men’s basketball defeated by Johns Hopkins
2) Women’s basketball falls to Washington
3) Today’s and tomorrow’s contests
WEATHER FORECAST
Today: Sunny. High of 61.
Tonight: Fair, with lows in the 40’s.
Tomorrow: Partly cloudy. High of 64.
Definitely a range of forecasts here…just a little something to spice up your life before finals (if that’s possible).
*****
NEWS REPORT
1) World news roundup
US OIL GIANTS JOIN FORCES
The Exxon Corporation confirmed yesterday that it has agreed to buy Mobil Corporation for more than $76 billion in stock, generating slight concern over anti-trust violations. The deal is the largest corporate alliance ever. The new firm, Exxon Mobil Corp., will be the world’s largest oil company. The two companies’ highest-ranking executives will continue in top positions after the merger. Among other things, the deal involves a 7% reduction in the companies’ combined labor force; about 9000 jobs will be eliminated. Several European oil companies also merged yesterday, and a British company announced plans to buy Amoco Corp. The consolidation of the oil industry may reduce competition in the market and could lead to higher gas prices.
IMF HEAD MEETS RUSSIAN PM
International Monetary Fund (IMF) managing director Michel Camdessus will meet with Russian Prime Minister Yevgeny Priamakov today to discuss ways to control Russia’s economic crisis. Russia wants the IMF to release the next $4.3 billion of $22.6 billion promised in July. Camdessus does not appear ready to start handing out money, but Russian officials warn that without it, they may be forced to print large amounts of money- an action which can easily lead to inflation. They also claim they may have to default on foreign debts unless they can be rescheduled.
IN OTHER NEWS…
Five of China’s most influential dissidents, members of the China Democratic Party were arrested Monday and are now in police custody; the action was condemned yesterday by the United States… After almost 30 years without an official Christmas holiday, the Communist Party in Cuba is proposing to re-establish the December 25 work break. Although originally banned because it coincides with the sugar cane harvest, they claim the resinstated holiday would reinforce Cubans’ sense of unity… In commemoration of yesterday’s World AIDS Day, President Clinton pledged $10 million in emergency grants to help orphans of poorer nations beset by the disease.
*****
2) Campus events
CP&P: Legacy Technology, Consulting, Information Session
Bond Memorial Hall, 7:00 p.m.
CP&P: Summer Job Search
Kohlberg 116, 7:00 p.m.
Mark Manuscript Study
Trotter 215, 8:00 p.m.
Film Society: “Taste of Cherry (Abbas Kiarostami)”
DuPont Lecture Hall, 10:00 p.m.
Common Speaking Writing Workshop for Women
Kohlberg 116, 10:00 p.m.
Earthlust Weekly Environmental Meeting
Parrish Commons Conference Area, 10:00 p.m.
Two-Fisted Features Showing
Kirby Lecture Hall, 10:30 p.m.
*****
SPORTS UPDATE
1) Men’s basketball defeated by Johns Hopkins
The Garnet Tide lost their Centennial Conference opener to Johns Hopkins 60-51 yesterday. Trailing 43-31 with ten minutes remaining, the team was able to cut the lead to 54-49 with 2:40 left, but they were unable to close the gap any further. Tim Schofield ’99 led the Tide with 15 points while David Gammill ’02 added a career-best 13 points. Joe Culley ’00 also chipped in with 13 points. The team’s record now stands at 1-3 for the season.
*****
2) Women’s basketball falls to Washington
The Garnet lost an overtime heartbreaker yesterday at Washington 65-64. Heather Kile ’02 scored a career-best 27 points while Heather Marandola ’01 added 15 points.
*****
3) Today’s and tomorrow’s contests
TODAY
Men’s basketball visits Lafayette at 8:00 p.m.
Men’s swimming visits UPENN at 5:30 p.m.
Women’s swimming visits UPENN at 5:30 p.m.
TOMORROW
No contests are scheduled for tomorrow.
*****
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The Daily Gazette
Board of Editors
Joseph Genereux
Jeff Heckelman
Lorrin Nelson
Cathy Polinsky
Jessica Salvatore
Ty Wilde
Staff Writers
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Ben Geller
Megan Haberle
Lindsay Herron
Ilya Leskov
Ira Lindsay
Alma Ortiz
Pete Schilla
Jaspal Singh
Rhiana Swartz
Nellie Tong
Weathercasters
Rachel Labush
Ben Hanani
Laurie Smith
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This concludes today’s report.
Copyright 1998 by The Daily Gazette. All rights reserved.