Page 2-Sunday, September 16, 1979-The Michigan Daily
Teddy says Dems already split
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WASHINGTON (AP)-Sen. Edward
Kennedy calls the nation's response to
his potential presidential candidacy
heartening and encouraging, and he
says a 1980 challenge to President Car-
ter would not be divisive because the
Democratic Party already is split.
In an interview with the Associated
Press, Kennedy said he decided to con-
sider running after concluding that
"the divisions that existed in the party
and the country existed today . . . and
they would be there whether I was a
candidate or not."
THE MASSACHUSETTS senator said
that he hasn't made up his mind yet but
that he will by January.
He said a factor in his decision will be
the support generated by his statement
that he is considering it.-#
"I must say that I've been heartened
and encouraged by the responses to
date," he said.
CARTER SUPPORTERS, led by
Democratic National Chairman John
White, have said a Kennedy challenge
would be so divisive as to make the vic-
tor vulnerable to a Republican in the
fall election. Kennedy disputed that.
He said past contests for the
Democratic nomination "seemed to in
some sense energize the party, bring
new people in."
Kennedy said his differences with
Carter on the economy and other issues
are less a matter of policy than one of
leadership style.
"IT'S BACK TO whether the people
have the sense of confidence that he can
deal with these issues. I think that's the
matter of deepening and increasing
concern to people as we come to the
1980s," he said.
Kennedy was vague on alternative
proposals to deal with economic woes.
He said he might favor a tax cut soon to
deal with increasing unemployment,
and more forceful wage-price
guidelines to combat inflation.
While Kennedy said he has no time
frame for a decision on 1980, he added
that as a candidate he would expect to
compete in the Democratic caucuses.in
Iowa on Jan. 21. Itwould take weeks, if
not longer, to put together a campaign
there.
Here is a partial transcript of the in-
terview:
Q: You had said that you expected
Carter to be a candidate and intended to
support him. When did that change?
A: I would say during the period of
mid-July to the early part of August I
had an opportunity to talk to a number
of my colleagues, here in the Senate
and the Congress as well as others,
working people, business people, who
urged me to give serious consideration
to becoming a candidate . . . And then
during the month of August I had the
opportunity to give a good deal of
reflection . . . to my own deep concerns
about the direction of the nation, our
ability to deal with many of the
problems that we're facing here in this
l
r
country, about the mood of the nation,
and by Labor Day had made up my
mind that I at least would not preclude
the possibility of candidacy.e
Q: What were some of the negative
factors in your mind?
A: Well, clearly the family respon-
sibilities have always been a major fac-
tor in any consideration. Secondly, with
the new responsibilities in the Senate,
that was an opportunity for very con-
siderable public service and so that's
obviously a factor. Third, I think, is the
concern I think about what a candidacy
would mean in terms of the party itsplf,
whether in thinking through the
questions of a challenge, does this
strengthen or would this make more
vulnerable the party nominee . . . I
became convinced that the divisions
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(Continued from Pagei) .
away, the Regents voted to sell the
University's shares in Black and
Decker Manufacturing Co., when the
firm refused to comply with the Regen-
ts' policies concerning business prac-
tices in South Africa. The move marked
the first time the Board divested from a
firm since the policy was established in
March 1978.
CURRENT POLICY calls for the
University to assume responsibility for
voting at shareholder meetings and
sending letters to corporations asking
them to affirm the anti-discriminatory
Sullivan principles. 4
The policy, however, does not require
.the University to pull its money out of
corporations that fail to affirm the
Sullivan principles, and drops the
obligation to divest from a corporation
which undertakes significant capital
expansion of its operations in South.
Africa. Both are contrary to SAACFA
recommendations. -
Regental guidelines do include a
THE MICHIGAN DAILY
(USPS 344-900)
Volume LXXXX, No. 10
Sunday, September 16, 1979
is edited and managed by students at
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that existed in, the party and in the
country... were very deep-seated and
they would be there whether I was a
candidate or not a candidate. a
Q: Republicans are suggesting that
your candidacy would represent more
nostalgia than substance, that you're,
looking to the solutions of the 1960s.
A: . . . We'll be moving into the '80s as
a new era. There will have to be dif-
ferent and new approaches to the
problems. I think the problems will
demand practical 'solutions . . . That
defies sort of an ideological solution,
solutions that fit into labels, the cliches
of the past... I think.. . being able to
broaden the constituencies ... is the
hope for coming to grips with a number
of these problems.
sort ke
F ]R
r Pollc
provision requiring the University to
withdraw its deposits from banks which
make or increase loans to the South
African government, unless it is
demonstrated that such loans con-
tribute to governmental action which
will help end the system of apartheid.
THE POLICY states that "the
Regents shall sell the shares of any
corporation which does not within a i
reasonable period of time, take'
reasonable steps to effectuate the pur-
poses of this resolution."
The second SAACFA report recom-
mends that the University publish
statements describing its position on
the apartheid issue, vote accordingly on
proxy statements, and, when warran-
ted, explain the University's position at
shareholder meetings.
IT ALSO recommends these specific
courses of action:
" The University shall not purchase
stocks or bonds in any corporation or!
bank which does not meet the criteria
set forth below for University stock or
bond holdings;
*The University will dispose of
stocks or bonds of any corporation or
bank doing business in South Africa
that does not annually submit a com-
plete Sullivan Principles Summary
Report or equivalent as determined by
the South African Investments Com-
mittee;
. The University will dispose of s
stocks or bonds of any corporation or
bank that approves rafter Dee: 31,1979,
significant new capital appropriations
for South Africa where such new in-
vestnient is not necessary for corporate
implementation of the six Sullivan
Principles or their equivalent;
" The University will terminate
business dealings with banks that make
or renew loans to the government' of
South Africa or parastatals (gover-
nment-owned corporations), such ac-
tion to commence 90 days after the
Regents approve this provision, and I
" The University shall establish a
South African Investments Advisory
Committee composed of two faculty
members, two students, two alumni "
and two administrators. The committee
shall establish standards for corporate
implementation of the Sullivan Prin-
ciples and make recommendations for:
appropriate University action regar-:
ding compliance.
A,
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