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October 30, 1979 - Image 7

Resource type:
The Michigan Daily, 1979-10-30

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Begin attempting to avoid crisis

From AP and Reuter
TEL AVIV, Israel - Prime Minister
Menachem Begin failed yesterday in
his first attempt to choose a new foreign
minister and sought other candidates in
an attempt to avert a Cabinet crisis that
could topple his government.
Begin said he was considering asking
right-wing Parliament Speaker Yitzhak
Shamir to fill the post left vacant last
week by Moshe Dayan, who quit in a
disagreement over the government's
policy in the occupied West Bank. -
BEGIN EARLIER denied that he
might also resign because of a cabinet
crisis over the state of the Israeli
economy and the future of a Jewish set-
tlement which the Supreme Court has
ordered the government to remove
from Arab land.
His first choice for foreign minister,
Deputy Premier Yigael Yadin, rejected
the offer. Echoing Dayan's contentions,
Yadin told Israel Radio "there are dif-
ferences of views between our party
and the majority party on some issues
of foreign policy" which prevented him
from accepting the job.
Yadin, who is in Jerusalem's
Hadassah Hospital recovering from a
mild heart attack, said he might recon-
sider if Begin offered him the job of
heading Israel's negotiating team on
West Bank autonomy. He belongs to the
Democratic Movement Party, and
Begin heads the majority Likud Bloc.
EARLIER, THE prime minister took
the first step in efforts to reshuffle the
cabinet when his unpopular finance.
minister, Simha Ehrlich, agreed to
become a second deputy premier for

domestic affairs, clearing the way for
Yigal Hurvitz to take command of the
sagging economy. Ehrlich, under fire
for Israel's economic woes, had said
earlier he might leave the government.
Hurvitz and Shamir are strong sup-
porters of expanded Jewish settlements
in occupied Arab territories and both
objected to terms of the Israeli-
Egyptian peace treaty last March,
saying Israel gave too much away by

relinquishing all of Sinai. Shamir is an
old comrade-in-arms of Begin from the
days of the underground before Israel
was founded.
Another possible candidate to replace
Dayan is Interior Minister Yosef Burg
of the National Religious Party. Burg is
head of the Israeli team negotiating
Palestinian autonomy, a powerful post
in determining the fate of the West

Bank. But Burg, a canny politician who
has sat in every government since 1952,
has said he wants to keep control of the
interior ministry.
One other Cabinet minister, Ariel
Sharon, the minister in charge of West
Bank settlement, is a potential problem
for Begin. Sharon has threatened to
walk out if the government ordered
'evacuation of the Elon Moreh set-
tlement in the West Bank.

The Michigan Daily-Tuesday, October 30, 1979-Page 7
The words aout on COMPS.. .
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Energy Secretary Duncan says gas
stocks look 'comfortable'-for now

DETROIT (UPI) - Energy
Secretary Charles Duncan Jr. said
yesterday the nation'sgasoline stocks
look "relatively comfortable" but war-
ned a supply interruption could cause
lines to form at the pumps once again.
Duncan, speaking to reporters prior
to addressing the Economic Club of
Detroit, also said he would "exercise
any authority I have" to boost heating
oil output should current inventories
prove inadequate this winter.
HOWEVER, THE nation's home
heating fuel outlook for the coming
months appears to be "rather good,"
Duncan added.
Noting the nation's gasoline-use and
oil. inventory picture has brightened
somewhat from a year earlier, Duncan
told a news conference gas supplies

"today look good. I underline the word
"Gasoline consumption now is about
seven per cent less than it was in 1978,"
he said. "The inventory level is better
than it was in 1978. Our crude oil sup-
plies are better than in 1978.
"SO THESE things all look relatively
comfortable. But everything is so
dependent on there not being an in-
terruption in supply.
"If there were a supply interruption
in this country or that country, there's
such a tenuous supply-demand
situation that an interruption in supply
would adversely impact our inventories
and could cause gas lines," he said.
At present, Duncan said, "I feel real
good about there not being any gasolinei

lines. But I would not want to project
because it's impossible for me to say
that there will not be an interruption in
DUNCAN SAID the nation's heating
oil reserves have reached an ad-
ministration target of 240 million
gallons, 'which is better than at this
time one year ago.
Refiners continue to devote 22-23 per
cent of their output to "middle
distillates" - heating oil and diesel fuel
- and such a level of production should
"keep us in a relatively good situation,"
Duncan said.
"If it doesn't, I witl exercise any
authority I have to remedy a condition
where we don't have adequate supplies
of heating oil," he said.

Carter's ca
WASHINGTON (AP) President Car-
ter's campaign committee yesterday
filed a complaint with the Federal
Communications Commission charging
the three major television networks
with wrongfully refusing to sell him air
time for a political speech.
The time was sought for a half-hour
television show to accompany Carter's
planned announcement Dec. 4 of his
candidacy for re-election. Alternate
dates of Dec. 5, 6 or 7 also had been
"THIS REFUSAL effectively- denies'
the candidate and his campaign com-
mittee reasonable access to the
citizenry of this country via our only
national, commercial, television net-
work system," the complaint said.
Nanwhile, in Providence, R.I., Car-
aking his second foray in nine

imp files suit
days to Kennedy country, said that the dat
Senate-weakened windfall profits tax bur
could become' a "trillion-dollar fici
giveaway" to the oil companies. cen
The FCC complaint named ABC, CBS "
and NBC. In New York, NBC officials, ted
issued a statement saying "We do not nat
believe that this complaint has merit." imf
It said presidential candidates have pla
never purchased national network time T
so early and said NBC, "in its news and bee
public affairs programming, covers the too
activities of all significant candidates pre
on a regular basis and will devote in- pla
creasing amounts of time to the cam- dev
paign as it progresses." cov
THERE WAS no immediate com- T
ment from officials at ABC or CBS. CB
The Carter complaint said the tha
request for television time "was made wot
nearly two months in advance of the air fro

against no
e in order to ease the scheduling
rden of the networks and to give suf-
ient time for appropriate announ-
ments ..
Also, the time requested was selec-
so as not to interfere with the
tional rating sweep period which is so
portant to network sales," the com-
int said.
'he Carter committee said it had
n told by NBC and ABC that it was
early to begin selling air time for
sidential campaigns, but the com-
int said the networks already are
voting "significant amounts of news
verage to the campaigns."
S, in denying the request, argued
t if they sold time to Carter they
uld have to honor similar requests
m other candidates.

oreign investments dangerous?

WASHINGTON (AP)-The battlelines
have been drawn for the foreign in-
vestment wars of the future. Warning
shots have already been fired in some'
states, and in Congress.
On one side has gathered the U.S.
government, federal agencies,
American industrialists and financiers.
They have been joined by aggressive
sunbelt state officials riding an
economic boom who insist that foreign
access to U.S. markets should remain
as open as possible.
ON THE OTHER side, along with
Midwestern farmers who fear their
land might be stolen from under their
feet, are concerned big-city real estate
agents who are watching with awe as
sudden multimillion dollar deals are
quietly arranged. Worried, also, are
congressmen and some economists who
are heeding warnings that the financial
and political stability of the United
States might be threatened by the sud-
den infusion of billions of dollars worth
of investments from industrial Europe
and the Middle East.
The battlefield is America's vast
wealth in raw materials, its flourishing
industry; and opulent domestic
markets. Foreign money is being at-
tracted to these shores in an un-
precedented buying binge.
Economists estimate $40 billion has
been spent by Arabs, Germans,
Japanese, Britishers, Frenchmen and
two, score other nationalities in
acquiring at least 10 per cent of hun-
dreds of American enterprises.
THE FORECAST is that the flow will
continue unabated as long as the U.S.
dollar remains weak overseas and the
petrodollars flow. The Organization of
Petroleum Exporting Countries expect
to reap an extra $30 billion in profits
this year from recently increased oil
prices, and much of that is expected to

come to the United States in one form or
Three major skirmishes are shaping
" OPEC secrecy. The continued
reluctance of federal agencies to
release more detailed information on
the specifics is infuriating some
congressmen. The Treasury Depar-
tment has refused to reveal how much
each individual OPEC nation has in-
vested in U.S. government securities
and in U.S. banks.
Assistant Treasury Secretary O.
Fred Bergsten told a House subcom-
mittee that he could not release in-
dividual data because both Saudi
Arabia and Kuwait have asked that
their investments be kept confidential.
The Carter administration believes that
release of such secret information
might cause the oil-rich nations to
withdraw their billions of dollars worth
of investments, putting more pressure
on the already beleagured dollar, and
on U.S. financial institutions.
Rep. Benjamin Rosenthal (D-N.Y.)
warned the Treasury Department that
his subcommittee will subpoena the
documents, "and if you don't provide
them we'll hold you in contempt of
" Banking. Similar confrontations
are predicted in upcoming Senate
hearings on the banking system which
has been rocked in recent months by a
multitude of foreign acquisitions.
Takeovers of large New York banks by
giant foreign institutions are making
competition more difficult for smaller
and medium sized banks. Proposed
legislation now in the Senate would im-
pose a six-month moratorium on
foreign bank takeovers.

" Farmland. In addition to Iowa's at-
tempt to stop foreign buying of land for,
farming, legislators in California,
Texas- and Maine are considering
similar steps even though only about 1
per cent of American farmland is
known to be owned by foreigners.
Many economists are appalled by the
stampeding opposition to foreign in-
"There is presently no real cause for
concern," a congressional committee
was told by Prof. Jeffrey Arpan of
Georgia State University. "Existing
laws and regulations are sufficient to
safeguard U.S. interests."
The chairman of the Securities and
Exchange Commission, Harold
Williams, spoke for most of the finan-
cial community recently when he said,
"I can readily understand the attrac-
tion of U.S. markets and our economy,
despite our inflation and lack of a sen-
sible and disciplined energy policy. The
United States is still a country that
believes in free enterprise, capitalism
and private wealth."
The developing concern over who is
buying America shows that many
Americans agree with the financial
wizards only up to a point.

"Of course, this is true," the com-
plaint said, "but there is a relatively
limited number of national candidates
in either party that are willing and able
to purchase network prime time half-
The complaint said the Federal
Communications Act requires networks
to provide important political can-
didates access to the airways.
In Providence, Carter said that the
government has surpassed its goal of
stockpiling 240 million barrels of oil for
the approaching winter.
Carter visited Rhode Island to ad-
dress a northeast governors' summit
conference on energy. As he has at
every public opportunity in recent
days, he lobbied for a stronger tax on
the renuesthe oil industry will gain
because 6If his decision to remove oil
price contrils'
The University of Michigan
Alumni Association
in cooperation with
. , The School of Music
aMeiz es
In Joint Concert With The
W gaoai ingqers
NOV. 2, 1979 8:00 p.m.
Tickets available at the
PTP Ticket Office, Michigan League
Hours: Weekdays 10-1 & 2-5pm
(313) 764-0450
Also at all Hudson's Outlets
Tickets: $4.50 $3.50



300 S. Thayer e Next to the Eell Tower Hotel
m - -

c '

Ask a Peace Corps volunteer nurse or nutritionist why she teaches tmsic
health care to rural villagers in El Salvador. Ask a VISTA community
worker why he organizes neighbors in St. Louis to set up a free health
clinic. They'll probably say they want to help people, want. to use their
skills, be involved in social change, maybe learn a new language or
experience another culture. Ask them:
OCT 30 - NOV 1





The Center for Chinese Studies

(ABRAM ROOM, 1927)
A controversial treatment of love, jealousy and morality. In
a crowded post-war Moscow apartment, a married couple
takes in a male boarder to ease expenses. The ensuing love
triangle prompts the woman to question.her situation as she
confronts a decision to have an abortion. A rarely shown
Russian silent film. (109 min.) 7:00 ONLY
An underground classic, this legendarv film remains a land-




Jewel I

U-M Dept. of
Theatre & Drama
Oct. 31-Nov. 3
8 PM



5th Avenue at Liberty St. 761-9700
Formerly Fifth orum Theater

By Wole.

r, , L.


OCT, 31
NOV. 14

Professor of Political Science
Professor of Chinese

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