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January 19, 1979 - Image 3

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The Michigan Daily, 1979-01-19

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The Michigan Daily-Friday, January 19, 1979-Page 3

IF YOU SEE NEWS APP CALL - AiLY
An apology
A story appeared in yesterday's Michigan Daily which included
basic errors in tone and in the facts presented to the readers. We would
like to clear up the inaccuracies and apologize to the parties involved.
At the Literary College Student Government (LSA-SG) meeting of
Wednesday night President Robert Stechuk was not condemned by
student government as was reported. LSA-SG merely condemned the
incident that occurred during a demonstration protesting the visit of
former Israeli foreign minister Yigal Allon to the University. At no
point was Stechuk condemned by the LSA-SG. LSA-SG clarified the
original intent of the endorsement saying they "regretted the
disparity between the original intent of the endorsement and the
results." It also adopted guidelines to insure that the intent of endor-
sements is clear in the future. Stechuk has stood by his endorsement
and agreed only to apologize for incidents that occurred at the demon-
stration. We apologize to Mr. Stechuk and LSA-SG for the inaccuracies
in our report.

INFLATION WORSENS:

Economic growth rate increases

Baptism by fire
"This is what you call Smith's initiation," commented Regent
Gerald Dunn (D-Livonia) during yesterday's Regents' meeting. It is,
however, unclear if Dunn was referring to Interim University
President Allan Smith's first day presiding over the executive board,
or, whether Dunn was making note of a rather lengthy address being
presented by Regent Dean Baker (R-Ann Arbor) at the time of Dunn's
remark. Smith, incidentally, is no greenhorn when it comes to Regen-
ts' meetings. He met with the board monthly between 1965 and 1975
when he served as the University's vice-president for academic .af-
fairs.
Take fifty
In a letter of resignation sent to the University Regents, Jan.
19, 1929, University President Clarence Cook Little (of the C.C. Little
Building) wrote: ". . . my methods of handling situations dealing with
interests of private donors, political interests, 'local' interests, and
alumnae interests, are not consistent with policies which the Board of
Regents deems wise" The former University of Maine president took
over in 1925 After the death of President Marion Leroy Burton and
aroused strong antagonism and equally strong support for his new
programs: a ban on student automobiles, denouncement of a D.A.R.
blacklist, support for birth control, and an Alumni college among
them.
Happenings F
FILMS
Cinea Il-Mysterious Island, 7 p.m., Day of the Triffids, 9 p.m.,
Aud. A, Angell Hall.
Cinema Guild-Malle's Murmur of the Heart, 7, 9:15 p.m., Old
Architecture.
Ann Arbor Film Co-op-Monty Python and the Holy Grail, 7, 10:20
p.m., The Wrong Box, 8:40 p.m., MLB 3.
Mediatrics-Goldfinger, 7, 9p.m., Union Assembly Hall.
Gargoyle Films-The Candidate, 7, 9 p.m., Room 100, Hutchins
Hall.
Palestinian Human Rights Committee-The Palestinian, Aud. B,
Angell Hall.
SPEAKERS
Guild House-Attorney Jean King, "The Problem with National
Health Insurance: Putting Women Second Again," noon, 802 Monroe.
Psychology-Michigan State Representative David Hollister,
Community and Social Change Series, "On Organizing," 4 p.m., 447
Mason Hall.
Philosophy-Brown University's Roderick Chisholm, "The 'He
Himself' Lolcution," 4 p.m., 429 Mason Hall.
School of Education-Memphis State University's Dr. Jack
Lindquist, Institute for Academic Improvement, "Making Faculty
and Professional Development Work," 2:30-4:00 p.m., Whitney
Auditorium, 1309 School of Education Building.
PERFORMANCES
Music School-College III, performing ensembles, 8 p.m., Hill
Auditorium.
PTP-All Shakespeare program, "This Child of Mine," 8 p.m.,
Trueblood Theatre, Frieze Building.
Eclipse Jazz-Roscoe Mitchell, 8, 10:30 p.m., East Quad,
Residential College Auditorium.
Ark-Louis Killen, English ballads, 9 p.m., 1421 Hill.
MEETINGS
Ann Arbor Economic Development Corporation, 8 a.m.,
Conference Room, second floor, Fire Station.
Eclipse Jazz Workshop, Roscoe Mitchell, 2 p.m., East Quad,
Residential College Auditorium.
Expressions Adult discussion group, discussion topics:
"Fantasies," and "Does Age Make a Difference?", 8 p.m., Unitarian
Church, 1917 Washtenaw.
MISCELLANEOUS
Wholistic Health Council-Health and Healing Energy, an evening
get-together, 7:00 herb tea, 7:30 lecture, Wesley Foundation 'Lounge,
602 E. Huron.
Siddha Yoga Dham-free introductory meditation program,
January 22, 7:30 p.m., 1520 Hill St., call 994-5625 for information.
Hillel-Orthodox minyan, 5:15 p.m.; reform minyan, 8 p.m.; 1429
Hill St.
Gay volleyball-recreational, non-competitive, 8-10 p.m.; CCRB.
Free at last
Singing "We Shall Overcome," jubilant Greenlanders took to the
streets Wednesday celebrating a vote in favor of autonomy for people
"of the world's largest island. The mandate ended 250 years of Danish
rule over Greenland, and for the first time the arctic island's own

WASHINGTON (AP) - The nation's
economy, defying government
attempts to slow it down at the end of
1978, grew at the near explosive rate of
61 per cent intthe final three months of
the year, the government said
yesterday.
Only a few days ago, top
administration officials were
predicting an economic growth of 5 per
cent for last year.
INFLATION, BY contrast, was worse
than expected, increasing at an annual
rate of 8.1 per cent in the October
through December period, the
Commerce Department said in its
quarterly report on the nation's gross
national product.
The GNP measures the retail value of
all goods and services produced by the
economy. The government said the
GNP for all of 1978 increased 3.9 per
cent, compared with 4.9 per cent in
1977.
Inflation for the year, as measured by
the GNP, was up 7.4 per cent, compared
with 5.9 per cent in 1977.
THE COMMERCE Department
report showed that consumers led the
fourth quarter boom by buying more
autos and Christmas gifts, but they also
borrowed more money for their
increased spending. Americans spent
more money then they earned and set
aside the smallest portion of their
money for savings since the start of
1977.
Some economists have said that
consumers may be overextending
themselves. When borrowing eventually
slows, they say, the economy may grind
to a halt.
Carter administration sources said
the government is predicting that
unemployment will rise from 5.9 per
cent in December to a peak of 6.2 per
cent by the end of this year and through
1980. That is far more optimistic than
Tenn. Gov.
may not be
able to block
pardons
NASHVILLE, Tenn. (AP) - Gov.
Lamar Alexander said yesterday that
he probably won't be able to block the
52 pardons and commutations issued by
his predecessor, Ray Blanton, two days
before Blanton was ousted from office
in disgrace. K
But Alexander said he will be able to
delay the release of 17 prisoners who
became eligible for immediate release
under Blanton's Monday night order.
MEANWHILE, A federal grand jury
reconvened yesterday to continue its
investigations of whether clemency
was for sale in the Blanton ad-
ministration.
Thirteen prisoners were released
between Monday night and Wednesday
night, when Alexander took the oath of
office three days ahead of schedule in a
hastily arranged ceremony that was
kept secret from Blanton until it was
under way.
ALEXANDER, A Republican, said
yesterday that he will review the cases
of the prisoners who have not yet been
released. He said he will be assisted by
Fred Thompson, who served as
minority counsel to the old Senate
Watergate Committee.
Blanton, a Democrat, signed three
pardons and 49 sentence commutations
Monday night. The prisoners involved
included 24 murderers, and the legal
papers showed 30 became eligible for
immediate freedom. The other 22 had
their sentences cut but still had time to
serve. Blanton's aides hinted more
pardons and commutations may have
been on the way.

predictions by many private
economists, who say the jobless rate
may rise to 7 per cent.
THESE PRIVATE economists
contend that inflation is forcing the
government to tighten credit
substantially. As a result, business and
home buyers will have more trouble
borrowing money, and a recession will
result, they say.
The GNP report and other economic
indicators have shown, however, that if
a recession is coming, there is no sign of
it yet.
The report showed that the ecomony
grew by 14.7 per cent to an annual rate
of $2 trillion - $210.8 million in goods
and services in the fourth quarter
alone.
AFTER ADJUSTMENT for inflation,
the GNP grew at an annual rate of 6.1
per cent, after a sluggish 2.6 per cent
increase in the third quarter:
On Wednesday the government had
reported exceptionally strong activity
in housing, personal income and
industrial production.
The problem is that the government
actually wants the economy to slow
down this year as it tries to control
inflation. It is predicting a growth rate
in 1979of2to3percent.
VIDEO TAPE
MOVIES
For Sale or Rent
Recent movies, classics & concerts
RECYCLE
LIGHOT
&SOUND
221 E. Liberty Plaza
665-7685

WILLIAM COX, a senior Commerce
Department economist, said he thought
the government might. take new
measures to "rein it in a little" if the
economy doesn't slow down later in the
year.
While growth in itself does not
contribute to inflation, he said, "it abets
the inflation psychology which causes
businesses and unions to raise their

_

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costs in a way that could be
inflationary."
The 'GNP report showed that sales to
consumers and businesses increased at
an annual rate of $75.9 billion in the
fourth quarter, compared with $55.1
billion in the third.
Americans' income after taxes grew
by $43 billion in the fourth quarter but
personal spending increased $46.7
billion.

U q r7Vi

S

24

N

DW

TWO EVENINGS OF ISRAELI CULTURE AND LIFE
AT THE PENDLETON ROOM, MICHIGAN UNION

BEIT CA FE(COFFEE HOUSE)
MONDAY, JANUARY 22, 8:00 P.,m
FEATURING...
RUTHI
NAVON
- TOP ISRAELI
SINGER AND RECORDING STAR
"Ruth Navon, the young and
tatented singen, Li considered
today to be the atonget
Aiting tatent in the popuexA
musi enec~l"

II

INSIDE ISRAEL
TUESDAY, JANUARY 23, 7:30- 9:;30P . M,

SPEAKER:
"Israel After Peace"
Prof. Hillel Shuval,
Environmentalist and
Activist
WORKSHOPS (Dialogues with
American students on
and culture):

Hebrew Univ.,
Political
Israelis and
Israeli life

1) Travel - Israel Programs and
trips; what to see and do while
in Israel.
2) University Life - study at
various universities and Yeshivot.
3) Kibbutz - history, family life,
livelihood; logisbtics of

w

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