THE MICHIGAN DAILY
Wednesday. April 2, 1975
Page Three
T
THIHGA AL Pg he
Experts predict economic
recovery later this year
WASHINGTON (P) - The re-
covery from the nation's deep
recession now is sure to begin
later this year, but the econo-
my faces more difficult times
ahead, Treasury Secretary
William Simon said yesterday.
"There is nothing the govern-
ment can do, or cannot do, to
stop the economic recovery--
it's on schedule," Simon said in
an interview.
ON ANOTHER subject, Simon
predicted President Ford will
use his veto powers in an effort
to keep Congress from increas-
Utiies ove
$20 million
ing the 1976 budget deficit abovej
$60 billion.
Simon said the recession pro-
bably will hit bottom in mid-
year, with positive economic
growth beginning in the fourth
quarter.
Other key government eco-
nomics experts agreed with Si-
mon's assurances the reces-
sion is nearing its low point,
but said the upturn could come
even sooner than Simon is pre-,
dicting.
JAMES PATE, assistant com-
merce secretary for economic
affairs, said "evidence I seeE
rehar ed
for oil'
indicates the recession will
reach its low point by mid-
year.
"It could occur justda little
bit earlier," Pate said in an
interview.!
And a key economist at the
Federal Reserve Board who did:
not want to be quoted by name
said he sees signs the worst of
the recession may already be
past.
"I THINK the second half re-
covery is assured, and it likely
will be quite vigorous," he said.
Simon's economic outlook is
little changed from his own
predictions earlier in the year.
The difference is that there
now is evidence to confirm the
recovery is coming, he said.
"Every recession carries the
seeds of its own recovery, and
this is no exception," he said.
HE POINTED out that lead-
ing business indicators were up
in February for the first time
in seven months, interest rates:
have declined, there has been
a big flow of funds into thrift
institutions for the housing in-
dustry and there has been a
sharp decline in inflation.
He said the rate of inflation
has been 'going down faster
and further than anybody had
estimated," and added he be-
lieves it may be six per cent
by the end of the year.
But Simon said he remains
concerned that the nation is
"headed toward a disastrously
large deficit" in part because
of what he considers an exces-
sive tax cut approved by Con-
gress and signed into law by
President Ford.
2i5
I
ULRICH'S BOOKSTORE
4th Annual
300,00000
Iniventory Sale
involving every article in our store
except textbooks, s p e c i a I orders and
calculators.
Sole starts Saturday, April 5th
thru Saturday, April 12th, 8:30 to 5:30
549 East University Ave.
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" .. . T o E s ta b lishPE I I NNOFR 5 V CiL
PETITIONS NOV
FOR 5 VACAI
Central Slude
(ALL CAMPUS SUP
WASHINGTON UP) - Investi-
gators have uncovered another!r
charges by one supplier of fuel
oil to Georgia Power Co. in At-
half million dollars of over- lanta.I
charges for fuel oil sold to elec- A n d investigators expected
tric utilities, bringing the repayment of about $11,000 in a
known total to more than $1.2 fourth case which Carter would
million in only four of the 200 not identify.
cases under investigation, a FEA HAS been working with
federal official said yesterday. the U. S. Customs Service on
Investigators suspect a total the utility fuel investigations,
of $19.7 million may have been trying to find out, for example,
overcharged on utility fuel. whether relatively low-priced
U. S. or imported oil may have
WHILE ELECTRIC utility been misrepresented as high-
rates are regulated, the utilities priced foreign oil.
may raise their rates to pass Carter said the investiga-
along increased fuel costs, sO tions have been expanded to 72
that fuel overcharges may turn utilities, ten more than a week
up quickly as increases on the ago
electric bills of homeowners, So far, he said, at least 20
businessmen and industries, cases have been completed, re-
John Carter, head of the util- vealing the six alleged over-
ity fuel investigation for the charges he mentioned.
Federal Energy Administra-
tion, (FEA) revealed that two
fuel suppliers have signed
agreements to pay back over-'
charges:H lsai
-Bessemer Oil Co. signed a Stewart Hulslander, 66, p
consent agreement last March; a h nvriy idi
12, he said, to restore a total at the University, died
of $478,803.60 overcharged to was a faculty member for 2
Alabama Power Co., Mississippi last year.
Power Co., and Gulf Power Co. Nationally prominent in
which serves southern Ala- ance counseling, Hulslander
bama, southern Georgia and gree in 1930 and master of
northwestern Florida. Pennsylvania State Universi
-ACCENT PETROLEUM of the University of Michigan.
Golden, Colo., signed a consent Appointed to the Univers
agreement on March 12, to re- guidance in 1964, he was acti
store $14,113 to the Colorado to both professional and g
Springs Department of Public
Utilities, he added. throughout the state, and ca
In addition, Carter said FEA ported research and training
was still negotiating for repay- the University.
ment of $710,000 in alleged over-
I
islice . ..
V ACCEPTED
NCIES ON
it Judiciaryr
7REME COURT)
Michigan Union
Mon., April 7
Tues., April 8 .
L MINORITIES OF
URAGED TO APPLY
Inquire at roof
Petitioning
Interviews co
MEN, WOMEN,
ALL COLLEGES A
m 3-X
closes,
nducted
AND AL
RE ENCO
Daily Photo by KEN FINK
Eggravated assault
This contestant in yesterday's egg toss competition held at
the hash bash is caught at the moment of impact - and
defeat.
:vi:: n
L: {
4er dies
SYSTEM SALE
WHY SETTLE FOR 2ND BEST? WHEN
YOU CAN HAVE ALL NAME BRAND
professor emeritus of education
Ann Arbor Monday night. He
24 years before his .retirement
the field of vocational guid-
received his bachelor's de-
science degree in 1948 from
ty, and a PhD. in 1955 from
He joined the faculty in 1949.
ity as a lecturer in vocational
ve as a speaker and consultant
government-sponsored projects
arried out many federally-sup-
projects during his tenure at
I
FEDERALLY INSURED STUDENT LOANS
SPRING-SUMMER LOANS
Students wishin to borrow through the University's Feder-
ally Insured Loan Program during the Sprinq-Summer Term
should submit application materials by APRIL 15, 1975.
Fundinq is limited and priority will be qiven to those who
apply by April 15 and those who will qroduate in Auqust
or December 1975, or those for whom summer attendance
is a necessity.
For additional information contact the Guaranteed
Student Loan Office, 2503 S.A.B., or call 763-4127.
1
COMPONENTS AND
TOO.
SAVE MONEY
a
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rDAILY OFFICIAL BULLETIN
" ^ ""J"V:rV h:VV" .J:t :.sVV . .VV": r r~ f"J" VV.J
Wednesday, April 21
Day Calendar
WUOM: Robt. McAfee Brown,
Stanford U., "Reconciliation & Poli-
tics," 9:55 am.
CCS: "Robots," 2050 Frieze Bldg.,
10 am.
CICE: D. E. Atkins, "APL-Based
Approach to Digital System De-
sign," 130 P&A -Bldg., noon.
Social Work: Herbert Kelman,
Harvard, "Power and Accountabil-
ity in Social Research," Rackham
Amh., 2 pm.
Botany: Terrance Cooper, U. of
Pittsburgh, "Control of Gen Ex-
pression in the Allantoin Degrad-
ative Pathway System of Yeast,"
1139 Nat. Sci., 4 pm.
Zoology: Frederic L. Hoch, "Mito-
chondrial Diseases," Lec.Rm. 2,MLB,
4 pm.
Physics: Richard Packard, U of
California, Berkeley, "Photographs
of Quantized Vortex Lines in Sup-
erfluid Heluim: Quantum Mechan-
ics You Can See," P&A Colloq. Rm.
4 pm.
Chemistry: Molecular Energy
Transfer Symposium - E. C. Lim,!
Wayne State, "Unimolecular Pho-
tophysical Process in Gas Phase Or-
ganic Molecules," 1300 Chem., 4 pm;
R. Kopelman, "Excitations in Mo-
lecular Aggregates and the, Pri-
mary Step of Photosynthesis," 110
P&A Bldg., 8 pm.
Music School: Campus Orchestra,
JA AY
GRADUATE?
Hill Aud., 8 pm; Degree recitals - at CP&P.
Michael Giszak, choral, St. An- AmocoI
drew's Episcopal Church, 8 pm; for chemia
Laurie Callender, piano, Recital check Su
Hall, 8 pm. 3-4117.
Career Planning & Placement Camp
3200 SAB, 764-7460 interview
Looking for work with children? ings incl.
Check list published by Child Care craft, w:
Personnel Clearinghouse available cook; age
at CP&P; both summer & perma- Camp '
nent jobs open. Air Socie
U. Southern Cal. offers 17 posi- 9-5; posit
tions: fraternity grad. resident ad- phone for
viser-% tuition; free rm. & bd.; Music
must be full-time grad student at Nursing 7
USC; inquire: Fraternity Affairs Ad- student c
viser, Student Union 202, USC, U. from Gr
Park, Los Angeles, CA 90007. Dir. Sum
Summer volunteers needed by Saint Ter
American Friends Service Commit- Music f
tee Inc.: projects in U.S. include re- June 24-J
searchto up-date prey, child labor Miami; 3
study in agriculture; Latin Ameri- $100 per
can prog. includes 4 units inAMexi- Vavrek, r
co & 1 in Honduras-MUST speak tinuing S
Spanish; further details available. Box 24800
Research Ctr., Ill; opening
tst (E) studying for PhD;
mmer Placement; phone
Douglas Smith, MI. Coed:
WKed. 4/9/75 9-5; open-
canoeing, tripping, camp
terfront, nurse & head
s19 up.
Tamarack, MI. Coed Fresh
ty: interview Fri., Apr. 4
tions limited; check by
r details.
Therapist-Field exp.' at
Home - June 16-July 25;
linicians funded by grant
otto Foundation; inquire
imer Session, College of
resa, Winona, MN 55987.
for Exceptional Children-
July 11-offered at U. of
crds. $60 per undergrad &
grad. cr.; write: Michael
[usic Coord., Sch. of Con-
tudies, U. of Miami, P.O.
5, Coral Gables FL 33124.
Talented, active candidates for student office.
Must be interested in revitalizing student
government at the University of Michigan.
Candidate sign-up: March 27-April 3
t SGC Offices--3909 Michigan Union
9-5 DAILY
IELECTIONS: April 21-25 8 a.m.-4:30 p.m.
E.
AU 101 AMPLIFIER
MODEL
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F
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Spend Spring in
New England Woo
1
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M
I
S
;III
COLLEGE STUDENTS
IM
LINEAR SPEAKERS
SONY
Sul
MER JOBS
If you plan to attend
the May 3 commence-
ment, you must order
a cap & gown by Fri-
day, April 4, 1975.
University Cellar
769-7940
6-8 English Creidts
Days call: 764-0418
Nights call: 761-9579
Our service working in conjunction with business and indus-
try has compiled extensive listings of employers throughout the
Midwest in all states and most major cities who are committed
to provide summer employment for college students.
Our listings also include State & Federal Agencies, Govern-
ment Internship Programs, Private Resort & Camp Counseling
Positions, etc.
Whether you live in Michigan or another state in the Mid-
west you need our listings to help you find the employers with a
job for you.
For only $4.98 (includes cost of pamphlet, postage & handl-
ing charges) you will receive our pamphlet entitled SUMMER
PS 1100 TURNTABLE
[ALL OF THE ABOVE
I
SALE
PHAE
Pd. Pal. Adv.
"Access to recreation facilities
must not be the privilege of
Ann Arbor's rich. I will continue
$3N5
ANN ARBOR
I
a
JOBS FOR COLLEGE STUDENTS. i
I