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November 14, 1973 - Image 3

Resource type:
Michigan Daily, 1973-11-14

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Wednesday, November 14, 1973


Page Three


U.S., Europe terminate
Skey '68gold agreemen
WASHINGTON (Reuter) - The from its stockpile but he empha- is $42.22 an ounce compa
United States and six West Euro- sized that no decision had yet been about $100 an ounce on th
pean countries have agreed to ter- made on whether it would do so. market.
minate the 1968 agreement estab- Burns said there was
lishing a two-tier market for gold, THE 1968 agreement established cial significance in the
U. S. Federal Reserve Board a two-tier system for buying and; the announcement and th
Chairman Arthur Burns said last selling gold. had been under discussi
night. Central banks would buy and sell long period.
The six countries are Belgium, gold among themselves at the then He declined to specula
West Germany, Britain, the Neth- official price of $35 an ounce and edec in to snn u a
erlands, Italy and Switzerland. stop supplying gold to private mar-
FRANCE was not among them. kets, which would be allowed to private market.
Burns said the agreement was find their own price levels. j He said that neither t
reached at a meeting in Basle, The move was taken to stop a; States nor the other cent
Switzerland. massive flow of gold from central felt this step would "prej
He said the kUnited States now banks into the private market. ultimate decisions concc
considered itself free to sell gold THE OFFICIAL gold price now ternational monetary ref





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by five local delegates just returned
from a week in the Soviet Union


ared with
he private
no spe-
timing of
he subject
ion for a
te on the
ent on the
the United
ral banks
udice any
erning in-



Voters face millage questions

(Continued from Page 1)
$92 million property, he said.
Howard added that the schools
have been attempting to cover
building and ground expenses out
of the general operating budget,
but that this method of funding is
increasingly inadequate.
HE SAID that the board does not
intend to ask for special millage
votes for other programs now in-
cluded in the operating budget,
but pointed out that "this proposal
makes a lot of sense. It is political-
ly viable and necessary to protect
the budget from the pressures of
collective bargaining."
If the one mill proposal is suc-
cessful, a Building and Site Fund
will be established, for which the
school board will set priorities and
collect money annually.
Howard declined to make a pre-
diction on the impact of voter
turnout on the outcome of the mill-
age referendum. On the basis of
the only previous winter millage
vote, between 14 and 20 per cent
of city voters will beat a path to
the polls Monday.

off non-essential lights, doubling
up classes for field trips, turning
off school vehicle engines while
they are not being driven, lowering
the temperature of hot water, pro-
viding in - s e r v i c e conservation
training for custodial staff, and
extending the winter vacation for
one or two weeks.
Howard said it is "impossible
to compute" how much money
these economies will save until
next summer, especially since fuel
costs are rising unpredictably.
the public that changes in lighting

patterns will not engender new
security risks.
David Harrell of the Ann Arbor
Education Association (AAEA)
said that the teachers' group is
vigorously promoting passage of
the millage proposal. He added
that any alteration of the school
calendar, such as an extension of
winter vacation and thus the school
year, would reopen negotiations on
the contract provision for the
school calendar.
The AAEA will not have an offi-
cial position on the vacation ex-
tension until after the Thanksgiv-
ing recess.

Med union signs pact

(Continued from Page 1) ,
dents," the Regents appealed the
The issue was finally put to rest
after the decision was reversed
and both the Association and the'
Michigan Employment Relations
Committee, co-appellents in the
case, took the case into the Mich-
igan Supreme Court.
ON FEB. 20, the court unani-

HOWARD COMMENTED, how- mously upheld the earlier deci
ever, that citizens have expressed sion in favor of the interns.
a mounting concern about school The Association rapidly formed a
funding and taxes. He pointed out negotiating committee which issued
that the 1973 Michigan Property a bargaining report for a contract
Tax Relief Act makes provisions to the University.
for refunds of property taxes or The negotiations on the interns'
rent of up to $500, and that the re- demands moved slowly, and occa
fund could be larger if the special sionally not at all. Several week
one mill proposal is passed. ago, they even called in a state
Howard also announced that the mediator to help resolve major
city school system is beginning an conflicts.
energy conservation program this THE INTERNS demanded set-
week. Proposed measures include tlement on efficiency problemis
turning thermostats down, turning within the Hospital, which Asso


ciation President Dr. Jay Harness
claimed "don't make for optimal
delivery of health care."
The interns cited the Hospital's
records room, appointment sched-
uling delays, and the need for a
licensed practical nurse on per-
manent duty at the X-ray Depart-
ment in their demands.
The University, according to
Hospital Assistant Director Stuart
Williams, agreed that the issues
should be dealt with, but argued
that the bargaining table was in-
appropriate for settlements.
HE SAID A bargaining table set-
tlement would "leave other groups
out of the picture," naming the
nurses, doctors, pharmacists and
social workers who would not be
The decision to have intern rep-
resentation on the committee rath-
er than a bargaining table settle-
ment is considered a victory by
both sides-

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Nixon meeting asked DAILY OFFICI
Th(eprsoatibt tinedfrom Page 1) Alex -!.
The reports, attributed toRepublican Congresspersons quoted Alex.
ander Haig, White House chief of staff, as saying the tape would show Wednesday, November 14
that the President exclaimed, "Oh, my God!" when Dean informed him DAY CALENDAR
ISE: R. Buhier, Princeton u, "An 0v-
that high Administration officials were involved in the cover-up. erview of P-STAT System-Present &
Nixon has stated previously that Dean-who was responsible for the Future," 6006 IsR 10 am.
White House probe into: the Watergate affair at that time-told him Ctr. Russian, E. European studies:
W. cGray, "Soviet Law," 200 Lane Hail,
for the first time on March 21 of what was going on. noon.
Dean, on the other hand, told the Watergate committee that Nixon computing Ctr.: J. Cederquist,
was aware of the cover-up as early as Sept. 15, 1972, and that the Presi- "High-Level Languages for Parallel
s-y9Processing," 120 P-A Bldg., noon.
dent had discussed executive clemency and hush money for the con- Gt. Lakes Research: E. Kopcyzynska,
"Spatial & Temporal variations of Phy-
vioted Watergate burglars-Gr toplankton in the Grand River & Ad-
DEPUTY PRESIDENTIAL Secretary Gerald Warren appeared to Jacent Waters of Lake Mich.," Conf.
give indirect confirmation of the reports concerning Haig, saying that Rm., N. Univ. Bldg., 12:30 pm.
the White House official had been speaking about the general impres- ISR: R. Buhier, Princeton U, "Trans-
porting Large Programs Across Com-
lions of past and present members of the White House staff who had puters," 6006 ISR, 2 pm.
tistened to the March 21 tape and six others subpoenaed by Watergate Psych Films: "Hello Up There"
"Claude;" "Learning;" "Rock-A-Bye-
Judge John Sirica. Baby," Aud. B, Angell Hil, 2 pm.
The invitation from the Senate committee came as Nixon continued Ethics, Religion Office: M. Mazey, U
aseries of meetings with a few Democrats and all 234 Republican mem- of Detroit, "Ethical & Religious Issues
Being Raised by the Life Sciences To-
bers of the Senate and House to '"meet the issue head on," in the words day," Aud. A, Angell Hall, 3 pm.
of the White House. Nixon has used the meetings to deny any impro- Medieval, Renaissance: P. Hyams,
prietyon his part in the Watergate affair and in personal financial deal- Pembroke, Oxford, "Villeinage in the
on t Middle Ages," Multipurpose Rm., UGLI,
ings by himself and his family. 4 pm.
In rlatd deelomens yeteray:Engineering: L. Greenberg, "Im-
In related developments yesterday: provement Curves as a Concept & Tool
* Matthew Clark, director of purchasing for the American Ship- in Accident Experience Analysis," 229
building Company in Cleveland, Ohio, told the Watergate committee he W. Engin., 4 pm.
was ordered by his superiors to make illegal contributions of $3,100 to standards, "The yroiagnetic ratio of
President Nixon's campaign; and the Proton: An Improved value of a,"
Gerald Ford (R-Mich.), nominated by the President to succeed PA Bldg. Coloq.R m., 4 pm.
Zoology: W. Porter, U of Wisc., "En-
3piro Agnew as vice president, blamed pressure groups opposed to the vironmental Constraints on Predator-
administration for launching a campaign calling for Nixon's resignation Prey Interactions," Lec. Em. 1, MLB,
or impeachment.-4 :.0tpm.
History: dept. forum to discuss grad

m f:"a":; . > .e.>:


"THEY WERE trying to use Watergate as a weapon to reverse an
election they didn't . . . win," Ford said in an address to the National
Association of Realtors.
Monday Nixon launched a new campaign to restore national confi-
lence in his leadership and credibility by announcing he would release
several Watergate tapes and documents not subpoenaed by Judge Sirica.
Nixon said he hoped the steps he was taking would dispel public
Joubts prompted by a White House announcement two weeks ago that
wo of the Watergate tapes demanded in court orders did not exist.
BUT THE IMPACT of the President's disclosure was weakened to
come extent by his claim that another tape of his recollections of a
neeting with Dean on April 15, which the White House promised the
.ourt it would produce, could not be found.


Your Health Is Our Primary Concern
HOPE CLINIC (313) 835-007


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The fifth in a series of informal group discussions. Come hear representatives
of various employers and graduate schools discuss their opportunities for
women. All women welcome. Feel free to bring your lunch.
-sV-h --



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