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February 08, 1979 - Image 3

Resource type:
The Michigan Daily, 1979-02-08

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

Just kidding, guys
An ad appeared in the personnel column of yesterday's Daily an-
nouncing that the Phi Beta Phi sorority has gone co-ed. Thead said the
newly-integrated sorority had 30 immediate openings for interested
male rushees. And, naturally, there were more interested male
rushees than there are squirrels on the diag. Well, relax, guys. It was
all a prank by the PiPhi's pledge class. A spokesperson at the sorority
house explained that they've been telling all the callers that rush
'doesn't start until next week anyway.
Going broke
Ann Arbor taxpdyers will be relieved to know that despite ac-
cusations against the Ann Arbor Transportation Authority (AATA) of
extravagant programs and confused fiscal management - marked by
a deficit for last fiscal year of $479,536- AATA is concerned. When a
Daily reporter called AATA offices requesting a listing of the phone
numbers and addresses of the AATA board members to replace the
list he had lost, AATA's critical reply would have made advocates of
governmental fiscal austerity jubilant: "You realize everytime we do
this, it costs us money - we have enough financial problems as it is."
It was eventually settled that the form would be enclosed with next
week's agenda mailed regularly to the Daily, thus saving 15 postage.
That's 15 down, and well; only $479,53.85 to go!
The new Ken worthy
Democratic Mayoral candidate
Jamie Kenworthy seems to be
donning a new image. Instead of
the .usual "disheveled" look,
Kenworthy was sparting a camel
hair suitcoat, brownish-red tie, ''we , .
blue shirt and dark blue pants in
a guest lecture for a poli sci classA
yesterday. To top it off, his red
locks were even trimmed. "I
can't believe it - he used to look
like such a slob when I saw him
last term," said one Residential
College student. However, Ken-
worthy claimed he owned two out
of the four dapper items he was
wearing before he decided to run,
for mayor. Lecturing on the
housing problem in Ann Arbor,
Kenworthy painted a very grim
picture of the City Council's
ability to exert pressure on the
University to alleviate the
housing shortage. "Every year
the Council is invited to Ingalls, Kenworthy
and it's sort of like the slaves
going out to the plantation
house," Kenworthy said.
Take ten
Over 125 University of Chicago students remained barricaded in the
school's administration building on the evening of Feb. 8, 1969
despite rumors that police would soon be called in to make arrests.
The students, who were demanding an equal voice in the hiring and
firing of faculty members, had been sitting-in since January 30. Also
that day, a Columbia University committee dropped all punishments
and charges against students who participatd in demonstrations held
there in the previous spring.
A-V Services - Progress Against Cancer, 12:10 p.m., Aud. SPH II.
Ann Arbor Film Co-op - Cries and Whispers, 7, 8:40 p.m., The
Velvet Vampire, 10:20 p.m., Aud. A, Angell Hall.
Cinema Guild - From Russia With Love, 7, 9:5 p.m., Aud., Old Ar-
Mediatrics - The Best Years of Our Lives, 7, 9:30 p.m., Assembly
Hall, Union.
School of Music- Percussion Students Recital, 8 p.m., Recital Hall.
Guild House - Chris Chapman, Dierdre Flynn, John Sparagana,
Brother David Steindle-Rast, poetry reading, 7:30 p.m., 802 Monroe.
Major Events - Harry Chapin, 8 p.m., Hill Aud.
Back Alley Players - Bullins' "The )!Making of Miss Jane,"
Trueblood Theater, Frieze Bldg., 8p.m.
Studio Theater - "Ludlow Fair", by Landford Wilson, Arena
Theater, Frieze Building.
MCO Seminar Series and Veterans Administration Research

Program - Dr. Judith Shuvall, "Medicine as a Mechanism of Social
Control," 1 p.m., Faculty Lounge, Vaughn Building, SPH I.
Departient of Journalism - Prof. Paul Murphy, "The Emergence
of the Politics of Civil Liberties," 2:10 p.m., 102 Arch.
ISMRRD - Wanda Milburn, Ph.D., "Physiological Correlates of
Autism and Language Management," 3:30 p.m., ISMRRD , 130 S. First
Law School Speakers Committee/MSA - Fred Bosselman, "Sprawl
is Beautiful: Careers in Planning Law," 4 p.m., 132 Hutchins Hall.
Department of Geology and Mineralogy - Prof. Alfred Fischer,
Princeton University, "Fluxes and Cycle in Earth History," 4 p.m.,
4001 C.C. Little.
Guild House - "Meditative Practices East and West," a talk and
discussion, 4 p.m., Pendleton rm., Union.
International Center - "Health Care and the People's Republic of
China," 7 p.m., Rec. Rm., International Center.
College of Pharmacy - College of Pharmacy Faculty, "Doctor of
Pharmacy Degree Program Seminar," 7 p.m., 3554 C.C. Little.
Spartacus Youth League Forum - Bruce Richard, "From Social
Democracy to Communism," 7:30 p.m., Multipurpose Rm., UGLI.
Chemistry Dept. - Prof. Thomas Long, "TOSCA: Total Social Cost
of Nuclear and Coalfired Power," 8p.m., 1300 Chem.
International Night - Swiss menu, 5 -7:15 p.m., League Cafeteria.
UAC - Mini-course, "Belly Dancing," 7 - 8:30. Wolverine Rm.,
Advocate for Safe Alternatives in Childbirth - 'Peg. Beals, R.N.,
"Preparation of Childbirth; Conscious Release," 7:30 p.m., Wesley
Foundation, 602 E. Huron.,
Wesley Foundation - Bible Study, 12 p.m., Pine rm., Peace
Education Group, 7:30 p.m., Lounge, 602 E. Huron.
Michigan Economic Society - meetihg, 5 p.m., rm. 301 Econ
Union Gallery - Exhibition of paintings, drawings, prints, and
sculpture by University alumni Lisa Levit and Richard Tuschman,
Wrestling - U-M vs. Michigan State, 7:30 p.m., Crisler.

Gold prices top

The Michigan Daily-Thursday, February 8, 1979-Page 3
$250 an ounce

LONDON - Gold topped $250 an
ounce for the first time ever yesterday,
spurred by the dollar's troubles, gold
hoarding in the Mideast, a lag in Soviet
gold sales and cintinued instability in
One London dealer said the price
could go to $265 in the current run and
perhaps top $300 within nine months.
BUT THERE was no need to hurry to
the dentist or prematurely buy a wed-
ding ring. Dealers, jewelers and den-
tists say it will take six months to nine
months for price hikes to affect the con-
"Today's hike will not be felt in
jewelry shops in the coming days," said
Irene Zbinden, head of one of Swit-
zerland's biggest jewelry wholesalers.
Geneva dentist Pierre Numaz Droz said
he bought a batch of gold some time ago
and his prices will not go up for a while.
"This thing is just for the
Daily Official Bulletin
Daily Calendar:
Journalism: Paul L. Murphy,''"The Emergence of
the Politics of Civil Liberties, ' 102 Arch, 2:10p.m.
ISMRRD: Wanda Milburn, Ph.D., "Physiological
Corelates of Autism and Language Management,"
ISMRRD, 103 S. First,3:30 p.m.
Law School': Fred Bosselman, 'Sprawl is
Beautiful: Careers in Planning Law," 132 Hutchins
Hall, 4p.m.
Geology and Mineralogy: Alfred G. Fischer.
"Fluxes and Cycles in Earth History," 4001 CCLittle,
4 p.m.
Physics/Astronomy: T. Eguchi, E'nrico Fermi In-
stitute, U-Chicago, "Variational Approach to Strong
Coupling QDC," 2038 Randall, 4p.m.
Guild House: Meditative Practices East and West,
4 p.m.; poetry reading, Brother David reading.
poetry of J. Edgard Edwards; Chris Chapman,
Deirdre Flynn and John Sparagana, 802 Monroe, 7:30
Pharmacy: "Doctor or Pharmacy Degree
Program Seminar," 3554 CCLittle, 7 p.m.
Chemistry: Thomas V. Long, "TOSCA" Total
Social Coat of Nuclear and Coalfired Power," 1300
Chem, 8 p.m.

speculators," Droz said. "Today the
price went up.Tomorrow or next week it
will go down again."{
The yellow metal closed Wednesday
in Zurich, Europe's biggest bullion cen-
ter, at $251.75 an ounce, an all-time
high. In London, the closing price was
THERE'S A GOOD physical demand
for gold from the Middle East, actual
hoarding going on," said the dealer for
one of London's five major bullion
He said gold would be pushed higher
and the dollar lower by more trouble in
Iran or by possible civil strife in
Pakistan resulting from the Supreme
Court's upholding of a death sentence
against former Premiere Zulfikar Ali
"I can't see anything bearsh for gold
at this stage," he said. Another factor
cited by dealers as contributing to the
high gold price was that the Soviet
Union, second to South Africa in world
gold production, has not been selling on
the world markets for the past three
THE RUSSIANS enter the market
sporadically and are cagey about their
dealings, so traders are not quite cer-
tain why they are staying out.
There also have beeh rumors that
South Africa is diverting gold from
traditional outlets to barter for oil from
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non-Iranian suppliers. This was denied
by South Africa's economic affairs
Only about 30 per cent of the world's
gold production is made into bars for
speculation on. world markets. The rest
is used for jewelry, gold-plating or den-
tal work.
IT IS NO secret that gold - lasting,
portable and valued everywhere - is
the refuge of a canny investor. The
metal is a traditional inflation hedge,
and with the uncertain dollar, inter-
national traders are turning to gold to
protect their assets..
At the start of 1978, the price of the

metal in London was around $169.50 an
ounce and breached the $200 mark for
the first time in history last July 28. .
Before the week, the previous record
high of $245.25 was hit in London Oct. 30,
two days before President Carter an-
nounced a package of measures to
shore up the dollar.
When a tornado swept through the
states of Missouri, Illinois and Indiana
on March 18, 1925, it left 589 persons,

On Sunday, February 11, PROMISE, a contempo-
rary music group currently on a seven month tour
of the United States and Canada, will be in concert
in the Michigan Union's Pendleton Room at 8:00
Lead singer for the group is JUDI COCHRAN who, for the past five years, has
sung in the Lamb's Club, a Christian center for the arts in downtown Manhattan,
New York. Their repertoire includes numbers from Judi's new solo album, "A
Song of Wholeness."


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