100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

November 17, 1978 - Image 9

Resource type:
Text
Publication:
The Michigan Daily, 1978-11-17

Disclaimer: Computer generated plain text may have errors. Read more about this.

The Michigan Daily-Friday, November 17, 1978-Page 9

At least 199 dead
in airplane crash

I

I,

Bullard drafts bill
to ease alcohol law

l

GREDSE5 SINGLES
You are cordially invited to a
W ine Cheese Party
An evening of music, fun!
8:00 p.m. at HILLEL

From AP wire reports
COLOMBO, Sri Lanka-At
persons were killed Wednesd
when an Icelandic Airlin
crashed in what officials call
the worst commercial
tragedies in history.
Officials said the plane
carried 262 passengers, slice
the treetops of a coconut pla
mile short of the Colombo
runway and slammed into th
breaking into three sections
profs
Continued from Page 1
AS ALTERNATIVE ways
inflation, Hymans su
deregulation of the private se
sales tax credits to firms tha
to hold the line on price incre
problem with prolonged rel
restrictive monetary policies
the one now being used is that
to reduce residential
construction and discour
purchase of durable goods sue
and major appliances, he sa
many people borrow money
these things, high intere
effectively raise the price.
FOr 1979, the Michigan
predicts a decline in real GN
from this year's rate of 3.8 pe
two per cent, "a growth recess
very least," Hymans said.
This "growth recession"
characterized by a stagna
GNP during the second. a
quarters of next year -
economyt will be most vulner
recession, Hymans warned.
he said the tax cut bill recent

least 199
day night
es DC-8
led one of
aviation
e, which
d through
antation a
airport
e ground,
and bur-

sting into flames.
THE ICELANDIC jet had been char-
tered by Guardia Indonesian Airlines to
carry Moslems on a pilgrimage to Mec-
ca and Medina.
Sri Lankan aviation officials said
they had recovered the plane's flight
recorder and the cockpit voice recorder
and would send them to the United
States for expert analysis of the cause
of the crash.
No Americans were aboard the plane,
they said.

(Continued from Page 1)
to vote for the bill. Bullard refused
to speculate whether the
compromise may be necessary because
he said any speculation now may hurt
his bargaining position when the bill
reaches the floor next week before the
Thanksgiving recess.
"It's something that is very hard to
talk about because it may hurt my

position. The less you say about
something you want done up here, the
better," he said.

wary of economic
to cool into law by President Carter will loom economics at
uggested "none too large" as a form of anti- support for Pr
ector and recession insurance for next year. of voluntary w
t promise HYMANS predicted the Fed will ease While noting ti
ases. The its tight monetary policy before the end criticized for b
iance on of next year, which would translate into said, "I have
such as a boost In real GNP growth that should alternative pol
they tend last into 1980.. Bosworth sa
housing Next year will see the end of the drop mandatory w
age the in the unemployment rate, according to would only wo
ch as cars the forecast. The jobless rate, currently balancing the
aid. Since at six per cent, will climb to 6.7 per cent help cure infla
y to buy next year, Hymans said. causes of inflat
st rates Dismal news also lurks on the For examp
inflation front. This year's rate of 7.4 action consist
forecast per cent will climb to 7.7 per cent, sector to achie
P growth making 1979 another bad year for the up the environ
er cent to consumer, he said. on the job, hes
lion at the Special guest speaker Bosworth, worthwhile th
director of the President's Council on must be paid f
will be Wage and Price Stability follow d the BOSWORTH
ting real Hymans and Shapiro presentation with of regulation,
nd third a discussion on controlling inflation. and they're w
when the Bosworth stressed the importance of they groan wh
able to a doing it now, because time alone will and then dema
However, not solve the problem, he said.'I,
tly signed BOSWORTH, who got his doctorate in

plan
the University urged
esident Carter's program
'age and price restraints.
hat the program has been
)eing too weak, Bosworth
n't heard of any strong
licies."
aid alternatives such as
age and price controls
irk for a short time. And
budget also would not
tion, he said, citing other
tion.
le, much government
s of telling the private
ve such goals as cleaning
ment or improving safety
said. And, no matter how
ese goals may be, they
or.
pointed out in the case
"People say they want it
villing to pay for it" but
en the time to pay comes
nd higher wages.

The U.S. automotive industry in 1975 '{.iarge 1iuu
consumed 19 per cent of the steel,47perN1
cent of the malleable iron, 74 per cent of SATs , OV. 18.H ILL E L
the natural rubber and 33 per cent of the 1429 Hill Street
zinc produced in this country, says the 663-3336
Motor Vehicle Manufacturers
Association.
DISCODANCING
737 N. Huron
(at Lowell, just east of the E.M U. Campus)
Friday & Saturday
HAPPY HOUR UNTIL 9:00 PM,
College Students with current ID admitted free before 9 PM
Monday Wednesday Thursday
PITCHER NO COVER DRINK N :.
N IGHTDRINK SPECIALS
- _-_-_ALL NIGHT DROW N
550 capacity " Huge Game Area
Best light and fog show in Michigan *8' X 10' TV
.!. : :

Carter predicts plan
will curb inflation

U

CLERIC

LS:

(Continued from Page 1)
"If this plan 'doesn't work, we'll have
another plan," he said.
THE FEDERAL Reserve chairman
said it might take five to seven years to
reduce the inflation rate to where it
belongs-below 2 per cent-and the cost
will be slower economic growth than is
desirable.
The voluntary guidelines call for
limiting wage increases, including
fringe benefits, to 7 per cent annually
whi? restricting price boosts under a
complex formula to 5.75 per cent.
yesIer;tr economic developments.
-Reflecting public skepticism about
Carter's anti-inflation program, a new
Associated Press-NBC News poll, con-
ducted Monday and Tuesday, showed
that about six of every 10 Americans.
believes inflation will worsen in the
next year. The solution that received
the most support in the poll was to
reduce federal spending.
-The Federal Reserve reported that
' the nation's factories operated at 85.3
per cent of capacity in October, a slight
increase over the previous month and
~.the highest level since an identical level
in September 1974. Nonetheless, Miller
said the economy had avoided ex-
cessive factory activity which fuels in-
flation.
-Foreign governments intervening
to support the dollar increased their
holdings of U.S. government securities
in the July-September quarter by $4.5
billion, after a decline of $5.1 billion in
the previous quarter, the Commerce
Department reported.
IN HIS SESSION with reporters, Car-
ter did not identify the special interests
whose complaints about his anti-in-
flation program he said posed "a very
serious problem."
But AFL-CIO president George
Meany, who already has rejected the
wage-price guidelines as unfair and
urged mandatory controls instead, was
reported incensed by what union sour-
ces said was Carter's refusal to discuss
the program personally with Meany
before it was announced Oct. 24.
The sources, who asked not to be

identified, said Meany might have en-
dorsed the guidelineg if he could have
met with Carter and extracted a pledge
that the president would succeed in
holding down prices.
ONE ADMINISTRATION official,
who also requested anonymity, said a
personal meeting could not be fit into
Carter's busy schedule and probably
would have been fruitless. "If the AFL-
CIO knew the program in advance and
if positions on it were already locked, it
would have been a bust anyway," he
said.
White House 'press secretary Jody
Powell,u meanwhile, sought to squelch a
published report that the ad-
ministration was considering relaxing
the wage guidelines to allow for in-
creased pension and other benefits
costs, with the aim of averting a
damaging confrontation with organized
labor.
"I don't think there is going to be any
basic change in what we've outlined,"
Powell said, adding that some of the
proposals now being considered would
result in tightening rather than
loosening the guidelines.
Powell said he asked Carter aboutthe
Washington Post report, and "he said
he never even heard of such a proposal
as described there."

We know what we want .. .

* a large wage increase
* a full and unlimited
(COLA)

cost-of-living allowance

* a short, automatic pay progression, plus lon-
gevity pay, to eliminate the injustice of the so-
called "merit" system.
* a decent pension fully paid by management
* complete health benefits, including outpatient,
prescription drug, dental and optical benefits,
fully paid by management for all family mem-
bers

* no layoffs, "attrition" or speedup-enforced by
the contractual right to strike.
" end race and sex discrimination through a strong,
campus-wide seniority system and union control
of hiring, recruitment and training
* a shorter workweek with no loss in pay-35
hours work for 40 hours pay
* bring "temporaries," students, technicals and
lower-level, non-supervisory P&A's doing cler-
ical work into the bargaining unit
" maintenance of all pre-existing conditions bene-
ficial to clericals

..We know how to geit

November 13-17
ORGANIZING COMMITTEE FOR CLERICALS (OCC)

YES For0C
Bring ID (staff i.d. and/or driver's license or other photo i.d) to Polls.
A Democratic Union Makes Us Stronal
THIS AD SPONSORED BY CAMPUS LABOR SUPPORT GROUP (CLSG)

mT

T

4

A I

MAKE YOUR NEXT SHOT

4 We know you.You're the
one who doesn't go for fancy
cocktails or plain whiskey drinks.
So we want you to
know about Arrow Blackberry Brandy.
It's got real blackberry taste

c1
.1
.q
+i
.c
,.
n .-
.4
.4
A
A'

Want to wake-up fast?
Get on down to
U-M Stylists
at the UNION
Open: 8:30 a.m.
Mon.-Sat.

that stays smooth
all the way down. And full
body that hangs in there,
but never gets heavy.
So, straight up or
on-the-rocks or with soda,
Arrow Blackberry is the
one you can depend on.
We know you...
you want Blackberry,
and you want it good.
Make your next shot
an Arrow.

*
J-, .. _m

i

Back to Top

© 2020 Regents of the University of Michigan