Karl Marx University Of Economics

As President Bush extolled the virtues of capitalism Wednesday at Karl Marx University of Economics, some professors recalled the not-so-distant past, when the school offered a class in bourgeois economics--and "profits" was a term synonymous with worker exploitation. "At that time it was impossible to criticize the socialist planned economy," said Mihaly Simai, who began teaching at Karl Marx in 1953.

As President Bush extolled the virtues of capitalism Wednesday at Karl Marx University of Economics, some professors recalled the not-so-distant past, when the school offered a class in bourgeois economics--and "profits" was a term synonymous with worker exploitation. "At that time it was impossible to criticize the socialist planned economy," said Mihaly Simai, who began teaching at Karl Marx in 1953.

Five Eastern European universities and four colleges in the United States will announce a pioneering educational alliance today designed to strengthen ties between their faculties and students and provide technical resources for both education and economic change in Eastern Europe. The creation of the consortium, whose membership includes Chapman College in Orange County, is scheduled to be announced at a news conference at the United Nations and concludes a three-week U.S.

Five Eastern European universities and four U.S. colleges, including Orange County's Chapman College, will announce a pioneering educational alliance today designed to strengthen ties between their faculties and students and provide technical resources for both education and economic change in Eastern Europe. The creation of the consortium is scheduled to be announced at a news conference at the United Nations and concludes a three-week U.S.

An exuberant President Bush, cheered by throngs of Hungarians who greeted him in a thunderstorm here Tuesday, declared that the United States stands with Hungary in what he called "an unprecedented experiment--a Communist system seeking to evolve toward a more open and pluralistic system."

In a striking example of how communism is crumbling in Eastern Europe, President Bush went before an enthusiastic audience at Karl Marx University of Economics here Wednesday and outlined a seven-point program to aid Hungary in its efforts to develop free enterprise and a more open political system.