New Braunfels Herald Zeitung (Newspaper) - October 14, 1987, New Braunfels, Texas
Schools, civic groups to walk to end hunger
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Members of two of the high school student councils participating in the CROP walk are. front. Brian Yarbrough vice president Canyon student council; and Patrick Manley, parliamentarian Canyon student council, and back row Berino Engel. Marsch-und Wandergruppe which gave CROP $100. Craig Morrison, second vice president New Braunfels High student council. Wendy Doeppenschmidt. president NBHS student council; Heather Way president Canyon student council; and Randy Smallwood, treasurer Canyon student council (Photo by Leslie Kriewaidt).
The New Braunfels ('HOP Walk coordinating committee met Tuesday with representatives from churches, civic organizations, and high school student councils in a recruitment rally The student councils from the three Comal County high schools — New Braunfels. Canyon and Smithson Valley — participating in the walk have set a goal of 200 students per high school. All walkers will solicit sponsors for the 10-kilometer walk. which will be held Nov 15 from 2 to 5 pm.
Bach participant will attempt to raise between SIO and 520 in total from the sponsors before the walk People of all ages and from all sectors of the community are invited to participate Church World Service, which is the hunger action arm of the National Council of Churches, is sponsoring the CROP Walk The money raised will be used tor hunger action pro grains both loc alb and woi Idwide (it the money raised 25 percent will re main in New Braunfels and will bo used for the local food pantry Tin* balance will lie sent to Church World agencies that provide hunger relief around the world, particularly in South American and Asian countries CROP has been in existence for lo years and more than I boo com munities around the country take part in CROP events CROP lias two main goals the first is to increase the public s
awareness of the hunger problem both locally and worldwide, the se cond is to allow the community to become directly involved with the CROP program by raising money for hunger action programs In many parts of the world half of
the children born die before their fifth birthday from diseases that could be prevented w ith the provision of safe drinking water Nearly one billion people suffer from the effects of some form of malnutrition The reasons these and other
similar life threatening problems exist are varied and complex, but there are answers, say CROP organizers "We believe we are part of the answer.”
For more information, call 625 6951.
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DALLAS <AP A Wall Street brokerage firm says the woi "t is over in Texas and is advising investors to cash in on the state’s investment up port unities.
A Salomon Brothers Inc report says the Texas economy I .u- b-.<!
turned out after two years of r ising unemployment and decaying economic condition" The tim analysts also predict Dallas will tie the state's first metropolitan area to rebound from the state's economic "lump
"We wanted to make the case that it is now time to seriously consider Texas investments" said Robert Hopkins, an analyst who worked on the report "Everybody is asking us When is Texas is going to turn around0’ We feel Texas has bottomed out and that's important for oui clients to know Unless the national economy takes an unexpected downturn or oil price-tumble again, the stale hkelv w iii see slow, steady economic growth out the next few veal >. Hopkins said "There is a fundamental positive attitude that Texas is going lo turn around at some point That’s what we tried to answer Hopkins told the Dallas Morning .Vcus somewhat unique 15 years ago when New York was in the fiottoms nobody was asking when New York w as going to come hack The report cited J U Penney l o > pending move from Manhattan to Dallas as an indication that Texas is still viewed as an affordable attrac tive state for business "Of all the major metropolitan areas in Texas the broadly divei sified Dallas economy us now v jewed as a desirable vet inexpensive
business location thus, it seems the nv st poised for economic recovery Office users seeking lower costs with a strong labor pool will find Dallas most attractive.” the report said
Texas lost 194,000 in the last three years its unemployment rate climb ed to ll I percent, and office vacancy rates peaked at 30 percent in some urban irea- the report said Per son.ii income tell to about IO percent below the national average between 1982 and 1986. it said
But Salomon Brothers cautioned that real estate and financial areas sui! show signs of trouble citing commercial construction as an area where continuer! declines are probable
Texas’ banking sector, which has lost lo.ooo job" since 1985. could provide further problems for the overall economy Salomon Brothers' analysts warned
The major potential weakness for ttit state is the financial services sector I nill the portfolios of the lenders in Texas can be cleared of non
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performing loans these jot) losses will continue.” Salomon Brothers said
Hopkins said the report may again direct attention to the state from na ttonal investors who have previou lv 'red lined the state against new funding
My suspicion is that people in the investment community that really don't know Texas well will say it's time to take a look at Texas again he said
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