Thursday, March 1 3, 1969 THE MICHIGAN DAILY Pac { IIRESHAPING BUSINESS: . ii I Congress investigates mergers the news today by The A octed P~rss and College Press Ser ice ge Threp' 1111 THE UNIVERSITY OF MICHIGAN Gilbert & Sullivan Society Presents JOLANTHE by W. S. Gilbert & Arthur Sullivan MARCH 19, 20, 21, 22 TRUEBLOOD THEATRE Ili Box Office open 10 A.M. weekdays and Saturday, March 12-22 Phone 764-5 387 LITTLE CLU featuring "The Six of Spades" League Snack Bar Friday, March 14 9-12 P.M. FREE! NEW YORK VP) - Almost every day, it seems, the con- flicts of business with the so- ciety in which it operates are magnified and broadcast by activities that take place in hearing rooms and courts and university .campuses. During the soaring sixties, as this decade is sometimes called, the uproar has been almost con- tinuous, ironically at the very time that business has been making great financial contribu- tions to millions of pocketbooks. Judging from the nature of the complaints, some critics as- sert, the answer seems to lie in the changing relationship of so- ciety and business. Since old roles no longer have meaning, they argue, the rules too must change, just as they do in sports or in international af- fairs or in politics or in federal- state relations or education. In testimony this week in Washington, for example, the new head of the Securities and Exchange Commission told a House subcommittee that feder- al tax laws may be encouraging the recent spate of mergers and conglomerate corporations. These mergers, said Chair- man Hamer Budge, often are accomplished through use of borrowed money, the ,interest on which may be deducted for income tax purposes. And so some congressmen are suggesting that the tax laws be changed to discourage more mergers. The new obligations of the stock markets to the rest of American life illustrates this r The Michigan Daily, edited and man- aged by students of the University of Michigan. News phone: 764-0552. Second Class postage paid at Ann Arbor, Michi- gan. 420 Maynard St., Ann Arbor, Michigan 48104. Published daily Tues- day through Sunday morning Univer- sity year. Subscription rates: $9 by carrier, $10 by mail. changing relationship. Stocks once were the play things of the wealthy, now they are the tickets to wealth for an aspiring middle class. In the 1960s alone the number of shareholders has nearly dou- bled to more than 26 million, which indicates that business methods and regulations geared to another age may have become dated. During this same period the number and assets of institu- tions-funds and endowments, for example-have grown many times over, and some reliable authorities estimate that 50 per cent of all stock trading is by these groups. Aware that the rules of the game are as outdated as Abner Doubleday's regulations f o r baseball, exchange officials and federal regulators are now forc- ing sweeping changes in meth- ods designed to protect those 26 million. The changing nature of retail markets has called for more up- dating of regulations than any other area of enterprise during the 1960s. The old personal as- sociation that bred trust between storekeeper and buyer are gone now. In its place are the imperson- al supermarket and the mam- moth department store. More than 8,000 items line many supermarket shelves. How does the consumer choose among them? Who can help him? Who protects him from deceptive packaging? Even more fundamental in this changing relationship is the use of credit as a way of life. A study completed in 1967 by. the National Industrial Confer- ence Board, for example, show- ed that in 1946 only 4 per cent of take-home pay went to pay installment loans. In 1966 the percentage was 14, excluding home mortgages. Partly as a result, changes- during the 1960s in consumer af- fairs, in the laws governing in- terest, in packaging, in pricing and so on, have been especially numerous, and indications are that more changes may come. Spanish students charge unjustified' suapp ressions By ANDRE GARREGOS MADRID, Spain (SIPE-CPS) - The situation in Spain in January may not have been such as to justify the suppres- sion of the fundamental c i v i 1 liberties in Gen. Franco's de- claration of a state of martial law. Various versions are given of the real reason for the "state of emergency" due to last until April 24. Most students think that the student strikes-which the government puts forward as the only reason for the mea- sures taken-were not that ser- ious. They were certainly lesser strikes than that in France last spring and the revolt at Columbia University. The events of January 17 (when a commando unit of about 100 tried to throw t h e Rector of Barcelona University out of his window) seem almost a small event used as a pretext for a reaction from military of- ficers who had been preparing a retaliation for some time. The government in fact ex- ploited the attempt, inviting journalists into the Rectorate to film staged scenes of t h e students' occupation. They succeeded in building a national scandal around t h i s "act of vandalism," and e v e n had non-government newspap- ers demanding "the strongest measures against this minority of agitators " who operate on international orders." The Rector of Barcelona, Al- badalejo, was caught in the middle of the fires. He had in previous months been trying to effect liberal yni- versal reforms. He gave am- nesty to students and profes- sors who had been condemned by the regime for anti-govern- ment speeches or books. He al- lowed rallies and assemblies which had previously been ban- ned, and condoned the posting of anti-government signs and leaflets. Conservatives in the govern- "IT HAS A CHEEKY, NOW ATTITUDE ABOUT IT, AND SOME GENUINELY IRREVERENT CHUNKS OF TOPICAL HUMOR. IT IS RIGHT ON TARGET WITH SOME KEEN POT SHOTS AT PERTINENT AND IMPERTINENT SUBJECTS- VIETNAM, SMUT PEDDLING, NYMPHOMANIA, UNDER- GROUND NEWSPAPERS, POP -ART AND SEX AND THE HOT-BLOODED SINGLE YOUNG MAN. A funny film,/ with something to say, and it will make you laugh. How many big- time comedies can make that same claim?" -Bob Salmaggi, WINS Radio "AN IMPERTINENT, DELICIOUS LITTLE SATIRE. There is an enormous amount of raw vitality. Wonderful performances by a cast of fresh and inventive young actors. Few big budget movies contain as much wit and purpose! I 'VERY MUCH ADMIRED 'GREETINGS'!" Rex Reed.Women's Wear Da ly "AN OVERGROUND SEX-PROTEST FILM!" Archer Winsten, New York Post NO UNDERGROUND MOVIES THIS WEEK Special 11:15 showing of "Greetings" Friday and Saturday I ment and the military turned against him-all the more when he promised to "close the uni- versity before I will allow t h e police to enter it." And radical students hated him because he was not really changing, but only softening and therefore,, prolonging, a totalitarian state. The two major universities, in Barcelona and Madrid, have been closed since January 18. They enroll about 65 per cent of Spain's students between them. At the University of Navarre, Spain's only private higher edu- cational institution, at least sev- en students have been arrested. Most student radical leaders fled the cities as the state of emergency was proclaimed; their place .of refuge is not known. Without them, students did not dare risk reprisals by protesting against the declara- tion, so little reaction was heard on the campuses. At the smaller universities in Saragossa and Deusto, w h e r e .- students held rallies to protest, more students were arrested as At least twelve professors from the Faculty. of Law and Economics in Madrid have been Iplaced undery"house arrest" far from the city. Another profes- sor, who called the police to in- quire about two of his assistants who had been arrested, was told not to persist with his inquiries Iif he did not wish to suffer the same fate. Such a dearth of resistance to Franco and the generals makes plausible the propriecy of one intellectual: "The regime has begun to be a consequence' of itself; it has put political evolu- tion into reverse, and will not again make the mistake of opening up the road to free- dom." a 3020 Washtenaw, Ph. 434-1782 Between Ypsilanti & Ann Arbor PRESIDENT NIXON yesterday named Notre Dame president Theodore Hesberg to chair the U.S. Civil Rights Commission. Hesberg reportedly won Nixon's favor last month when the educator declared that any students or outsiders who at- tempted to disrupt his campus or who failed to "cease and desist after a brief period of meditation" would be suspended and prosecuted. Hesberg has served on the commission for the last ten years, and on the U.S. Advisory Commission on International, Educational and Cultural Affairs. As commission chairman, Hesberg will succeed Michigan State University president John Hannah, who resigned the post to become director of the Agency for Interiational De- velopment. FINAL DECISION on the construction of an anti- ballistic missile system will be annognced at a presiden- tial news conference tomorrow. The decision will determine whether or not construction of the controversial $5.5 billion Sentinel "thin line shield" which includes nuclear warheads placed around major U.S. cities will be resumed. Nixon last month halted construction of the system for further consideration. The announcement will follow a final set of meetings with congressional leaders of both parties and a conference with Defense Secretary Melvin Laird who has just completed an inspection tour of South Vietnam. Whatever Nixon's decision, however, most congressional leaders are doubtful that further funds for the project will be appropriated by Congress this year. U.S. GENERAL Andrew Jackson Goodpaster will as- sume leadership of U.S. and NATO forces in Europe start- ing next July. Goodpaster, who was recalled from Vietnam last Decem- ber to serve as Nixon's advisor on National Security Council procedures, has been instrumental in advising Nixon on how he should develop new relationships with European allies. The former deputy U.S. commander in Vietnam will suc- ceed U.S. General Lyman L. Lemnitzer who has served as head of NATO forces for the last six years. The appointment to head NATO's European forces is ex- pected to remove Goodpaster from contention for chairman of the Joint Chiefs of Staff - a position which will become available next July. * . 0 VIET CONG FORCES yesterday shifted the emphasis of their attacks from Saigon to the Mekong delta. The slackening of fighting along the invasion routes to Saigon and the lull in the bombings of the surrounding towns appeared to signal a slowdown of the Viet Cong's 18- day-old.offensive against Saigon. U.S. military men were skeptical, however, because they claimed the Viet Cong still held positions north of Saigon from which they could strike the city at any time. The same officials stressed that next weekend will be critical in determining whether or not the Viet Cong will con- tinue their efforts to invade the capital city. THE SENATE FOREIGN Relations Committee yester- day declared that Congress must have a voice in all future military commitments. The resolution, which was passed over the objections of the administration, was similar to one submitted last year by committee chairman J. W. Fulbright. That motion was de- feated because it implied criticism of the Johnson adminis- tration's Vietnam policies. Though it is uncertain when the resolution will be called up before the entire' Senate, it is expected to touch off a lengthy debate concerning the role of the legislative branch in determining military policy. The State Department reportedly filed a memorandum with the committee last Tuesday declaring that the resolu- tion was "inappropriate." * . . ISRAELI OCCUPATION UNITS were called on to sup- press rioting Arab students in occupied territories twice yesterday. Stone throwing Arab students protesting Israeli occupa- tion north of Jerusalem and in the Gaza strip on the Medi- terranean were driven from the streets by the troops. Meanwhile, exchanges of small arms fire erupted in the Jordan River valley and continued along the S u e z Canal where the most recent and most 'violent Arab-Israeli clashes have taken place. The Egyptians admitted they started the Suez skirmish- es and said they were adopting an Israeli policy of "active de- fense" because of the presence of Israeli missiles near their territory. I NATIONAL OENERAL CORPORATION H ELD OVER FOX EASTERN THEATRES 6TH WEEK FOR VILLAGE 375 No. MAPLE RD.-"769-1300 The Theatre Will Be Emptied After 7:00 P.M. Showing Fri. -Sat. Nominated for 2 Academy Awards BEST Picture * BEST Director - s PARAMOUNT PICTURES pmrnt A $HE sue FRANCO ZEFFIRELLI Prdoado, of ROMEO RJLET Showings Doily 1:30 4:00 7:00 9:35 I I I OPENS FRIDAY! Professional Theatre Program Presents by the Authors of "FIDDLER ON THE ROOF!" CINEMA GUILD Presents THE SEVENTH ANN ARBOR FILM FESTIVAL MARCH 11-16, 1969 Architecture and Design Auditorium SCREENINGS at 7:00, 9:00 and 11:00 P.M. (excluding Saturday) SATURDAY MATINEE at 3:00 P.M. Ri2USiC4Lh7T l r 605 E. William. 767-1573 YANKEE DOODLE DANDY James Cagney, Walter -uston Mar. 13, Thurs.-8 & 10 P.M: Mar. 14, 15, Fri. & Sat.-1 A.M. 75c downstairs DIAL 5-6290 THE 'NOW' LOOK ... "Experimenalism in the most positive sense of the word." -KNIGHT, SATURDAY REVIEW ACADEMY AWARD NOMINEE BEST ACTOR- CLIFF ROBERTSON Tom'~ RPJNZ rIAU I V I I I Ollrlll