Wednesday, December 2, 1998

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


1) World news roundup

2) Campus events


1) Men’s basketball defeated by Johns Hopkins

2) Women’s basketball falls to Washington

3) Today’s and tomorrow’s contests


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).



1) World news roundup


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.


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.


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.



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


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.


No contests are scheduled for tomorrow.


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The Daily Gazette
Board of Editors
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  Jeff Heckelman
  Lorrin Nelson
  Cathy Polinsky
  Jessica Salvatore
  Ty Wilde

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  Ilya Leskov
  Ira Lindsay
  Alma Ortiz
  Pete Schilla
  Jaspal Singh
  Rhiana Swartz
  Nellie Tong

  Rachel Labush
  Ben Hanani
  Laurie Smith

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This concludes today’s report.

Copyright 1998 by The Daily Gazette. All rights reserved.

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