I _ _ . , . .... . _. . . .. . .. .4 The Michigan Doily-Wednesday, September 19, 1979-Page 7 INFLATION WORRIES CITED Gold uP U20 an ounce (Continued from Page 1) value or that their other investments will suffer because of adverse economic conditions. When gold booms, the dollar usually slumps. But the dollar slipped only slightly against foreign currencies abroad yesterday and finished mostly higher in New York after the Federal Reserve announced late in the day an increase in the discount rate from 10 per cent to 11 per cent. IN OTHER financial activity, the Federal Reserve Board raised its bank lending rate to a record 11 per cent yesterday, continuing the trend toward higher interest rates that are driving up borrowing costs for businesses and con- sumers, including homeowners. The board raised the discount rate from 10.5 per cent, which also was a record. It has been steadily increasing izTerest. rates since Paul Volcker took ofer as chairman last month. .But the decision came on an almost Onprecedented 4-3 vote on the seven- member board, reflecting considerable gpposition among the liberal members to the board's high-interest policies. VOLCKER VOTED with the four- rember majority along with Henry Wallich, Philip Coldwell, and Frederick Schultz. Voting in opposition were Charles Partee, Nancy Teeters, and Emmett Rice. WHile the rise in,-interest reates is aimed at controlling inflation by slowing growth of the money supply, it has raised fears among some Slwmakers and economists that it will worsen the nation's recession. The discount rate is the interest m ember banks are charged when they borrow from the Federal Reserve System. THE BOARD said in a statement that its latest increase, the second in a little over a month, was intended in part to discourage borrowing by member banks, indicating that the discount rate had become a bargain rate when com- pared to the cost of borrowing elsewhere. It had increased the discount rate to 10.5 per cent on Aug. 16. That increase pushed up interest rates throughout the economy, including the prime lending rate of banks, now at a record 13 per cent in many places. Higher interest rates tend to slow economic growth, because they in- crease the cost of borrowing, and thus are supposed to take the upward pressure off prices. AT THE SAME time, it can increase the chances of a much deeper recession, an argument that is gaining more credence with the release of new indicators showing unemployment up, industrial production down and con- .sumer sales sluggish. Gold closed in Zurich at $373.50 an ounce, a $20.50 jump from Monday's close. In London, it closed at $372, up $18.50. At one point during the day, the price of gold hit a record $376.25 in London. But it settled back at the close. In Washington, the government auc- tioned off 750,000 ounces of gold yester- day, drawing an average price of $377.78 an ounce - well above the previous record of $301.08 set last mon- th. The government grossed $283.8 million on the sale. As the administration of the University of Michigan delays justice through endless litigation over the "true" status of its graduate student employees, those employees.-nearly 2,000 in number-- suffer the consequences. Low pay, little control over conditions of employment, and other inequities are familiar aspects of life for most teaching, research, and staff assistants. This situation must end now. Therefore, we the graduate student employees of the University of Michi- gan, demand the following: (1) That the administration return immediately to bargaining with the Graduate Employees Organiza- tion; (2) That the administration bargain in good faith; (3) That the administration's claim that TAs, RAs, and SAs are "'Merely students" be abandoned. a MSA chides Regents for April intervention (Continued from Page 1) $24,000, comprising 31.12 per cent of MSA's budget. In 1978-1979 MSA's ex- ternal allocations totatled ap- proximately $48,000, or 46 per cent of the assembly's budget. IN OTHER action, the assembly briefly discussed the formation of a committee to review last year's elec- tions. According to MSA President Jim Alland, the group will likely be com- prised of 10 to 15 students, including MSA members. As well as examining "the problems and concerns surrounding the 1979 elec- tion," the committee will also be charged with coming up with a satisfac- tory election procedure for next March. The Assembly will begin to advertise election committee openings for in- terested students this week. Alland said he hopes the special group will be finalized within three weeks. Search procedure to f administrator post ur VALJ1UC rm rage 1) ' supervises most functions of the city's offices and departments. The job profile prepared by Council details the education, experience and personality characteristics the council members gnsider important in a candidate for &e city's top administrative post. BELCHER SAID he expects Korn- Oerry to receive between 200 and 250 applications for the position. The firm, Which specializes in placement of city nagers, worked on the search which 1;sulted in Murray's appointment in J _he applicants will be "from all over the country," Belcher said. "Ann Arbor i$ a plum." The city administrator will ,receive an annual salary of between '$40,000-$50,000. ' Korn-Ferry has contacted several in- dividuals suggested by various sources and has placed a few announcements in national city trade journals. ROBERT SAID the firm will submit a progress report at the mid-point of the screening process and will submit a list of finalists by November. Finalists will undergo extensive interviewing and reference checks, Robert added. Belcher said he plans to appoint a nine-member committee of citizens, most of whom will be chosen from the citizens now serving voluntarily on city committees and commissions. The citizens' committee vwill' recom- mend between five and 10 candidates to Council, Belcher .said. "Hopefully, c6n- sensus (on the list of finalists) can be reached with City Council." BECAUSE OF the state's Open 111l City 1der way Meetings Act, the meetings of the citizens' committee and Council to discuss the search and candidates will probably be open to the public, Belcher said. He said an applicant, but not city officials, may for personal reasons, request that meetings to discuss their candidacy be held in a closed executive session. The candidate chosen by Council will have a college education and will have at least seven to 10 years of experience as city manager in a city with a population of at least 50,000, according to the profile. Experience in fiscal and budget management, employee development and the workings of a major state-owned facility are con- sidered desirable. 4' '4 4 :1 Stephen Trombino Ellen Vaneck Nancy Heckman Helen McClellan Rena Soifer Tod Sloan Steven Greene Robert Hagwood Nancy Conklin Paul Killey Bernard Pace Linda Argote Steven Guerrier Lawrence McDaniel Michael Clark Barbara Kritt Marcia Froelich Martin Friedman Jane Remler Michael Foley Ed Bitner Robert Bruhl Pemela Robinson Deborah Guido-O'Grady Roberta Cutler Michael Rubino Theresa Kamyck ' Stephen Jacobson Michael Plantholt Alicia Bozarth James Foreman Sandra Mendiola Janice Reid Yvonne Johnson Bob Martin PeterCohen Stanley Kaminsky James Mace Jose Fresquez Susan Cook Karen Kaderavek Marypot Abowd Glenn Smith n Marilyn Johnson_' Warren McGuire, Karl-Hans Wurzinger Dario Rodriguez- Beiarano Douglas Verstrate Mark Fly Michael lkeh Jean Pearson Steve Martin Steven Sidebotham Bernard Goitein Eitan Fenson Mark Wilkinson Dobroslaw Lachowicz Randy Schwartz Keith Gallagher Lawrence Margolis Timothy Bartel William Miller Miriam Baer Misagh Parsa Mihai Grunfeld John Tannenbaum Carolyn Kawecki Charles Kieffer Kathryn Long George Exner Scott Hedberg Anthony Dasilva William Chiat Timothy Hoekman William Abbley Jeffrey Daykin Kevin Zahnle Alejandro Martinez Cathleen Santa Michael Lesnick Alan Segal William Acton Frederick Nelson Steven Marlin Cynthia Chertos Robert Sutton Thomas Brainerd Josef Vn't Dck RobertVFesen Roy Meyers Howard Roth Mary Russell Rodney Snelling Joanne Yaffe Michael Price Michele McCullough Sandra Browne Bruce Knuft John Guthrie Robbie Lieberman Mark Hosley John Guthrie Stephen Crow Miriam Pemberton John Conrey Cristin Carpenter Ingebord Walther Weiling Yih Nancy Smith Michael Thornton Cheryl Johnson Gary Strong Gary Leavens Marcia Plunkett Katherine Kelly Linda Mullaney Linette Poyer Peter Goodrich Godfrey Bourne Charles Horton Susan Carlton Christopher Irvin William Kelleher Carol Todoroff Michael Dompierre Karen Dennis Amy Ronner Michael Wiley David Steel Scott Shalkowski Jo Aebersold John Oppenheim Jonathan Bell David Vinter Ronald Guengerich Bruce Levy Mohammad- Ali Kazemi Carol Steffanni Christopher Stark Daniel Peters Doran Smith Abraham Aharoni Narayan Sivaramakrishnan Douglas Finton Laurette Bradley Tessie Liu Helene Rottenberg Calvin Bittner Lois Kalloway Paul Pintrich Mary Mcver Patricia Gwartney-Gibbs James Runner Stephen Tyma Janet Landman Kathryn Kohl David Cohen Ellen Gross Gary Bass Martin Wattenberg Paul Kyprie Claudia Beckwith Lynn Bossert Ward Harper Mark Nickerson Linda Kaboolian Fouad Bsat Barbara Kitzner Charles Randall Chalmers Knight Josselyn Moore Denise Bronson David Harper Winniefred Anthonio Barbara David Paul Adams Michele Johns John Gourlay Esther Martinez Barbara Hauck Mark Lezotte Edward Devol Sandra Silberstein Charlotte Nekola Mary Moules David Furchtgott Alfredo Canales Anne Mueller Richard Fedder Paul Schulte Rosanne Loesch Philip Fleming Rohini Prakash Bryan Jackson Mark Sebastian Lisa Gold Thomas Gais Ned Rosen Mary Murray Becky Prophet Jessica Musoke Mahamud Hesaaraki Mary Hodge Elaine Carlson Marva-Lee Evers John Lepp Jay Rathbun Peter Axilrod Peter Ward Shirley Denton Mark Silverman Douglas Moran Abe Ellenberg Patricia Otto Mitchell Marks Carol Willson David Pollitt Virginia Lush Mark Peterson Janice Cook JudithPeters Charles Cowan Oscar Morales William Squires Mitchell Marks Garth Gerber Johnny Brown Heather Wicke Thomas Riis Philippe Blanchard Susan Taylor William O'Dowd Michael McCin RoberthWhitehurst Joan Weber Charles Seifert Diana Ransom Jerome Katz William Loizeaux Linda Grant Barbara Boyk Melmet Ozoklav Linda Laughlin Richard Hogan Gary Aalto Virginia Blankenship Carole Seidleman Norweeta Milburn Theodore Stone James Rothenberg Gina Jordan Joseph Saccio Alan Levy Gregory Robel David Carlson Robert Deans Stefan Ehrenkreutz Daniel Sharphorn Donald Bieman Mary Olson Robert Young Lois Martin, Colleen Birchett Jacob Ludwig Ellon Walker Clarence Wilson Perry Fine Lewis Oberlander Brian Dalder Susan Grundstrom Kathleen List Bonnie Rape Mark Stevens Debra Matthews Brian Dufresne John Reiff William Kincaid Constantin Sevici Lee Goldstein Neal Hoptman Michael Cole Charles Morn Andrew Post Aysenur Unal Jerald Kabell Celia Hooper Michael Kozura Martine Danan Jeffrey Baker James Maffie Michael Robinson Elizabeth Margosches Alisop Edwards David Talburtt Joan Stepenske Kathleen Pottick Daniel Ray Carol Yorkievitz Paula Waterman Joseph Pehrson Johanna Wilson Richard Meckel Loren Van Buren Elizabeth Danko Luke Tripp Bette Skandalis Peter Holding Michael Shenker Stephen Gottron Doreen D.Cruz David Meulman Cheryl Johnson Patricia Kenney Susan Pollock Barbara Winkler Susan Allen Abdolhamid Mohtadi Duane Wittkamper John Eichenseier Edwin Jackson Alice Echols Mike Conjar Edward McCord Joseph Pickett Kathleen Richlen-Tilden Michael Shott Karen Lindgren Frank Wilson Irina livezeanu Mark Meerschaert David Doyle Sharon Boylan Cheria Scales H. W. Perry, Jr. John Banks-Brooks Katherine Giscombe Karin Olson Gregory Dow Ellen Watson Patricia McAskin C.N Constantopoulos Daphne Swabey Nancy Goldstein Samuel Cohn, Jeffery Chin James Akerman Thomas Bloom Brian Pedell Eliot Malumuth Donald Hart Daniel DuRoss Eric Fogel Brad Osgood Terry Keck Kathryn Grasso Steven Plotnick Janet Christian Anamarija Rubinic Benjamin Newhouse Steven Reynolds Mona Phillips Robert Vogt Clarence Wilson David Kitts Arthur Powell Claire Boge Robert Guth Carmelo Comberiati Celinda Lake Lloyd Simpson James Leonard. John Yates John Cameron Penelope Prime David Berson Paul Martyka Craig Dixon Brian Etter Robert Milbrath Richard Mero George Greenia Jean LaPointe Ann Alvarez Leon Slota Christopher Martens Sankar Dutta Shirley Gaddie Jeffrey Koch Richard Shelton William Monach Robert Simmons Jennifer Church' David Jeuda Anthony Weston David Wagner Tony Jackson Gail Mack Sandra Kinghorn Gregory Scott Mark Evans Gary Letchinger Linda Hormes Beverly Zibrak Beverly Fried Glen Williams Mark Peterson Robert Moffat Emily Kling Rae Andre Carolyn Tzitz Robert McKay Robert Nado William Wu Stephen Taylor Roberto Cattaneo Angel Vargas William Blair William McGee David Simen Jonathon Ross David Spadacene Alireza Mohammadian Ted Hamilton David Horne Robert Foote Richard Greene Stephen Bernhardt Helen Levy Mary Watson Graham Clayton Martin Burke Lois Bass Todd Cochrane Richard Melvoin David Lechner Gerald Ledford Gordon Klein Mark Vaitkus Joan Stigliani Rose Adamek Rhonnie Washington Anthony Eldis Ali Alidoost Kathy Weinman David Guy Barbara Weinstein Jose Gomez Peter Caulfield Georges Schmit Patricia Mcaskin Leonard Garfield Virginia Popper James Mitchell Grace Osborn Keith Mskus Naomi Miller David Bartlett Katherine Moore David Foltz Michael Crouse Henri Marti Laurence Peters Sandra Oster William Driver Wirt Wills Thomas Will Priscilla Rogers Thomas Hudak Dale Mathews David Warren Christopher Cantrell Richard Henry Sharon Bossemeyer Patrice Muller Emet Scheiderman Carolyn Steinhaus Barry Chernoff Jeffrey Resnick Craig Watson Daniel Kohler Ellen Dubas Mary Sies Douglas Elf ner Ronald Berg Lrry Ford Mary Denyes David Kadlecek Miles Woken Linda Burdell Christine Henrich Patricia Anderson Mary Bendig Jee Koh Paula Mindes Tovey Bachman Nancy Gobin Ethel Klein Bijan Amin Douglas Woodhom John Magley Howard Brick Stewart Schwab Lebriz Tosuner Mark Weiser Jeffrey Pliskin Lynne Robins Gregory Wegner Catherine Elliott Susan Dycus Harry Thomas Dale Avery Patricia Bridges Mark Fichman Janice Walker Chong-Kyu Han Kensaku Yoshida Donald Swartwout David Herron Robert Allen David Lampert Frank Ma Pansy Ku Richard Bedient Michael Gordon Mary Nemeth Janis Holm Demetrios Zadelis Russell Newmark John Ford Douglas Shaller Sandra Huron Stephanie Bunker Bijan Rafailzadeh Edward Hughes Susan Tischler Chih-Chin Ho Abdollah Dashti Mark Pittenger Allen Baldwin Matthew Steel Martin Shell Matthew Wyneken Richard Nesper James Sheerin John Temple Ann Wehmeyer David Leep Joseph Langsam John Stark ',r' n' Belt Mi*drasm COURSES IN JUDAICA HEBREW FOR BEGINNERS............ Mon. & Thurs. 7:00-8:30 p.m. INTERMEDIATE HEBREW .............Wednesdays 7:00-8:30 p.m. ADVANCED HEBREW ............ . . . . .Thursdays 7:00-8:30 p.m. YIDDISH FOR BEGINNERS ...............Tuesdays 7:00-9:00 p.m. INTERMEDIATE YIDDISH ...............Thursdays 7:00-9:00 p.m. HEBREW LITERATURE ........... .. Wednesdays 7:00-8:30 p.m. THE ISRAELI KITCHEN ........ ... 5 Wednesdays 7:00-9:00 p.m. BASIC JUDAISM ........................ Mondays 7:00-10:00p.m. READINGS IN MIDRASH .... .. .............Mondays 8:30-10:00 p.m. TALMUD BETZAH .................Tuesdays 7:00-8:30 p.m. THE 48 WAYS TO WISDOM .............Tuesdays 7:00-8:30 p.m. READINGS IN MAIMONIDES- LAWS OF REPENTANCE .......... .... Tuesdays 8:30-10:00 p.m. WHEN JUDAISM CONFRONTED A NEW ERAA ..... .............. Wednesdays 7:00-8:30 p.m. THE JEWISH WOMAN: PERSPECTIVES .......... .....Mondays 7:00-8:30 p.m. ___ -