Manchester College - Aurora Yearbook (North Manchester, IN)

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2. Demonstrators stand in Lafayette Park, across from the White House, protesting unemployment, which found more than 12 million Americans out of work in October. WE WANT lit COAL - i VUTO - STEEL- 3. The maintenance crew works on the flagpole in front of the Union so that it may keep up the campus ' beautiful appearance which helps to attract many prospective students. 1. A booming stock market made for feverish I activity as process on the New York Stock i Exchange soared to record levels several i times this year until it reached its present i level of 1226. Economic Feature 5

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Feature: When a nation ' s economy makes an encouraging turnaround from a recession to recovery, you have to stop and wonder what happened to cause such a change. No one is more qualified on Manchester ' s campus to answer a question like that than Dr. Richard Harshbarger, chair of the department of economics and business, pictured at right. The nation was informed in January that it was headed out of a recession that began in the latter part of 1981. The recovery was indicated by a drop in inflation from 13% in 1980 to only 4% in 1983, and a national output of three trillion dollars, an all time high. Although unemployment had only dropped from 10.7% in November 1982 to 10.1% in May 1983, 99 million people are working presently which is a near record high. According to Dr. Harshbarger this recovery was encouraged by Reaganomics but was actually caused by a drop in interest rates 17% in 1982 to 10 1 2% presently. The high interest rate made it difficult to buy goods which reduced demand, particularly in energy and food. This generated unemployment. Dr. Harshbarger predicts that the recovery will continue through late 1984 and that unemployment will come down slowly. t. koskey

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1. Tipping off the ball to his teammates is sophomore Pete Peterson. Intramurals Are Perked Up by PERC Intramural sports is for everyone; from anyone who played sports in high school to those who simply want to participate in sports with their friends. Fitting competitive sports into a hectic schedule was often impossible for some students whe reas participating in intramural sports could fill the need of exercise and competitive play without demanding an excess amount of time. Each year the intramural program expands and conforms to the needs of the students. This year, the new PERC facility enabled participants to enjoy such sports as volleyball, badmittion, and basketball, to name a few. With more play area, numerous activities could be held at the same time, giving better time schedules for the games. This was in contrast to the late night games sometimes held at midnight in the old gym. Men ' s women ' s and co-ed teams with names such as Brew Babies in basketball and Loop ' s Poops in softball participated in the fun and exercise that intramurals provide. Much of the campus, including faculty and staff were able to take part in at least one of the various programs offered. t. koskey 6 Intramurals